Plastic Injection Molding Machine Market MarketsandMarkets™
worth $10.6 billion by 2025-
Exclusive Report by
According to the new market research report " Plastic Injection Molding Machine Market by Machine Type (Hydraulic, All-Electric and Hybrid), Clamping Force (0-200 Tons Force, 201-500 Tons Force and Above 500 Tons Force), End-Use Industry (Automotive, Consumer Goods, Packaging, Healthcare, Electrical & Electronics and Others) and Region - Global Forecast to 2025”, published by MarketsandMarkets™. The Plastic Injection Molding Machine Market is projected to reach USD 10.6 billion by 2025, at a CAGR of 2.74% from USD 8.9 billion in 2020. A plastic injection molding machine is used for manufacturing products made up of plastics. It consists of two main parts - an injection unit and a clamping unit. The injection unit is like an extruder, whereas the clamping unit is concerned with the operation of the mold. Plastic injection molding machines can fasten the molds either at the horizontal or the vertical position. There are three types of plastic injection molding machines - hydraulic injection molding machines, all-electric injection molding machines, and hybrid injection molding machines. Download PDF Download: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72063702 Browse in-depth TOC on “Plastic Injection Molding Machine Market” 251 – Tables 52 - Figures 250 - Pages View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/plastic-injectionmolding-machine-market-72063702.html Hydraulic injection molding machine is the largest type segment of the plastic injection molding machine market. APAC was the largest market for synthetic leather in 2019, in terms of both volume and value. Factors such as growing demand from healthcare industry, rapid industrialization in growing economies like China, India & Thailand and increasing demand for plastic molds in electric vehicles will drive the plastic injection molding machine market. All-Electric injection molding machine is projected to be fastest growing machine type for plastic injection molding machine market between 2020 and 2025 All-electric injection molding machine utilizes electric servo motor powering gears, racks, and ball screws to drive most of the machine functions. All-electric presses are noiseless faster, and more accurate as compared to other types of injection molding machines; however, the machine is more expensive. Since servo motors run all-electric injection molding machines, they require power only when they are in operation. All-electric injection molding machine can save up to 50–70% energy as compared to hydraulic injection molding machine. All-electric injection molding machine is currently the most preferred machine type owing to its lower use of chilled water, decreased housekeeping and preventive maintenance, less energy and oil consumption, and lower repair rate. Thus, AllElectric injection molding machine is the fastest growing segment during the forecast period. Healthcare is projected to be the fastest growing end-use industry in plastic injection molding machine market between 2020 and 2025. Plastic molds are widely used in the healthcare industry. Plastic injection molding machines are preferred for manufacturing medical products, as these machines offer high precision, accurate, and complex injection molded