Emerging economies are expected to witness a rise in demand for injection molding machines in the near future due to the rising demand for injection-molded parts from the packaging, automotive, and consumer goods end-use industries. The need for lightweight automotive components to attain fuel efficiency and the rising demand for all-electric injection molding are expected to support the injection molding machine market during the forecast period. Rapid economic growth, improved infrastructure, and rising middle-class population in emerging economies have led to an increase in vehicle production and sales, which, in turn, has increased the demand for injection molding machines. The rapidly growing automotive industry in the Asia Pacific region is one of the major factors driving the growth of the injection molding machine market. Browse through more than 123 market data tables with 37 figures and an in-depth TOC of the “Injection Molding Machine Market–Global Forecast to 2023� report. Early buyers will receive a 10% customization option for this report. https://www.marketsandmarkets.com/Market-Reports/injection-molding-machinemarket-14623149.html The plastic segment is estimated to be the largest product type segment of the injection molding machine market in 2018. The plastic segment is estimated to account for the largest share of the injection molding machine market in 2018, in terms of value. The dominance of the plastic segment is expected to continue during the forecast period due to the increasing demand from the automotive, consumer goods, and packaging end-use industries. Injection molding machines are used to make a wide range of plastic products, including automotive parts, chairs, toys, syringes, bottles, and construction kits. Thermoplastics are the most prominent and widely used plastics in this segment due to their low melting point, flexibility, excellent dimensional stability, and good chemical resistance.
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