VerticalInjection Molding Machine Market: Introduction
TransparencyMarket Research delivers key insights on the global verticalinjection molding machine market. In terms of revenue, theglobal vertical injection molding machine market is estimated to expand at aCAGR of ~4% during the forecast period,owing to numerous factors, regarding which TMR offers thorough insights andforecasts in its report on the global vertical injection molding machinemarket.
Highinitial and maintenance costs of machines are likely to hamper the globalvertical injection molding machine market during the forecast period. On theother hand, the rise in the demand for vertical injection molding machines inpackaging and automobile industries is expected to drive the global verticalinjection molding machine market. Increase in awareness and need for reliableand quality products are further boosting the demand for vertical injectionmolding machine, thus augmenting the global vertical injection molding machinemarket.
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Vertical Injection Molding MachineMarket: Dynamics
The demandfor large vertical injection molding machines has been rising across the globe.These machines are used for making large molded parts for automotive,appliances, and industrial applications. Previously, owing to plantinfrastructure expenses, the demand for injection molding machines was notbeyond some hundreds of units range with approximately 500 pressesbeing the maximum limit. Currently, the demand for large parts is high inautomotive and industrial applications.
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All typesof newly developed and advanced electric injection molding machines can save upto 50%–70% energycompared to hydraulic injection molding machines. Currently, the electricinjection molding machine is the most preferred type of machine due to itsadvantages such as lower use of chilled water, decreased housekeeping andpreventive maintenance, less energy and oil consumption, and lower repair rate.The ability of machinery manufacturers to build a large energy-efficientmachine that offers fast cycle time has increased. Manufacturers are offeringadvanced vertical injection molding machines for various end-use industries.
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VerticalInjection Molding Machine Market: Prominent Regions
AsiaPacific dominates the global vertical injection molding machine market. Thepackaging industry in the region is estimated to expand at a rapid pace between 2021 and 2031.This is expected to boost the demand for vertical injection molding machines inAsia Pacific, as vertical injection molding machines are widely used in thepackaging industry.
China isanticipated to be a highly attractive country of the vertical injection moldingmachine market in Asia Pacific during the forecast period. End-use industries,such as consumer goods, medical science, and electrical & electronics arewitnessing strong growth in China, owing to the rapid rise in urbanization andincrease in disposable income of consumers. This has led to a rise in demandfor injection molding machines, thereby boosting the vertical injection moldingmachine market in the country.
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NorthAmerica is likely to be another highly attractive region of the global verticalinjection molding machine market during the forecast period. The U.S. heldmajor share of the global injection molding machine market in North America in 2020.
Vertical Injection Molding MachineMarket: Key Players
Majorplayers operating in the global vertical injection molding machine market areThe Japan Steel Works, Ltd, Dekuma Rubber And Plastic Technology, NisseiPlastic Industrial Co., Ltd, Milacron Holdings Corp, ARBURG, Sumitomo HeavyIndustries, Ningbo Haijiang Machinery Manufacturing Co.,Ltd., Engel Austria.,TAYU Machinery Co.,Ltd., Pratishna Engineers, Ningbo Peng Tai MachineryCo.,Ltd, and Dongshin Hydraulics Co., Ltd.
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