The injection molding machine performs the injection molding process to manufacture parts or products of plastic, metal, ceramic, and rubber. It injects the melted material into the shaping mold, where it cools and solidifies, taking the shape of the component. According to BlueQuark Research & Consulting, the global Injection molding machine market is expected to witness a significant growth rate during the forecast period. Factors such as the growing demand for Injection molding machine in the automobile industry due to the shift in the use of plastic materials in automotive parts instead of the conventional iron and steel is expected to drive the injection molding machine market. The demand for Injection molded parts made from medical-grade plastic that meets the FDA regulations is increasing due to its cost-efficiency, consistency, and tight tolerance, increasing the demand for Injection molding machines. Furthermore, the growing usage of Injection molded parts in plumbing fittings and electrical components in the construction industry further surges the need for injection molding machines. However, the more investments cost in setting up an injection molding machine and its high maintenance and part replacement costs are expected to hinder the growth of the injection molding market in the forecasted periods. 

Injection molding machines manufacture automotive exterior components, automotive interior components, filter components, medical enclosures, needles, tubes, dental implants, car lenses, prosthetics, etc. It serves various end-users in the Automotive, Construction, and Medical Industries.

The Automotive components manufacturing Industry is a primary consumer of Injection molding machines globally and is predicted to drive the future market. The surging research and development in the automotive industry, accompanied by the need to develop lightweight, and fuel-efficient vehicles, encourage manufacturers to utilize plastic components instead of conventional metal and iron. As plastic in design and production has never been more critical, the demand for injection moulding machine is rising in the automobile sector. In the recent past, plastic has become a vital material for automotive vehicles' performance, structure, and safety. Using injection molded parts gives the manufacturers freedom in design and makes the car even more aerodynamic as they provide more design freedom than metals. The medical and healthcare industry is the largest-growing sector in the world. The need for injection-molded parts is expected to rise owing to improved ergonomics, reduced weight, increased functionality, lower cost, and reduced burden of sterilization over the use of metals. Therefore, its inception, the artificial limbs and devices industry has thrived as using plastics decreases the risk of infection among patients. Thus, the medical plastic injection molding machine has immediately led to surged patient safety and minimized operational costs for the organization. This increasing demand in the medical and automotive industry propels the growth of injection molding machines in the forecasted periods.  

The Covid-19 pandemic has affected approximately the entire population directly or indirectly. In 2020, almost every country announced a comp lockdown to stop the contamination spread amongst its citizens. This lockdown harmed many industries resulting in a temporary shutdown of the manufacturing sites. Despite this, the demand for injection molds has surged. Every country started to manufacture the Covid-19 vaccination for its citizen. With a global population of over 7.8 billion, people are needed to be vaccinated against this deadly disease, thus increasing the demand for injection molding machines globally.

The Asia Pacific is awaited to be the largest market for Injection Molding Machines in the forecasted period. Owing to the surging population in the region, highly efficient automotive vehicles with better performances are growing. The availability of cheap labor and crude material in the APAC region further propels the Injection molded parts market. The fast development of new technologies in the region presents an ideal destination for developing the injection molding machine market. China's growth rate has been impressive in the last decades, and the following decade is also expected to observe the same rise, making China a leader in Injection molding machine needs. Further, China has the most prominent automotive sector and is anticipated to consolidate its position as a primary Injection molding machine market. In the past few decades, China has undertaken a substantial infrastructural project to revamp the country's infrastructure, which has contributed to China's recent success. Following this, China experienced a surge in urbanization, thus raising the demand for low-cost and commercial housing for its citizens. India also appears as a prominent hub for the injection molding machines market. This growth is attributed to the growing automotive and booming healthcare industry. Invest India evaluated that the Indian healthcare sector would grow from USD 1.9 billion in 2020 to USD 5 billion by 2023. This surging demand in the automotive, construction, medical, and healthcare industries is expected to drive the injection molding market in the APAC region over the forecasted period.

Major key players in the industry were Haitian International Holdings Limited, Chen Hsong Holdings Limited, Sumitomo Heavy Industries Ltd, Engel Austria GmbH, Nissei Plastic Industrial Co. Limited, and Kraussmaffei Group GmbH, Niigata Machine Techno Company, among others.

Sumitomo Heavy Industries Ltd releases a new injection molding machine, 'SEEV-A-HD CT-6 Spec', with excellent environmental friendliness, such as reducing power consumption and CO2 emissions by reducing the volume of the containers.

The global Injection molding machine Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Injection molding machine market by segmenting based on the Machine Type (All-Electric Machine, Hybrid Machine, Hydraulic Machine), Input Material (Rubber, Plastic, Ceramic, Metal), End-User Industry (Automotive, Packaging, Medical, and Healthcare, Construction, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.