North America Plastic Injection Molding Machine Market Size $2,884.65 Million By 2032, CAGR 4.1%

North America Plastic Injection Molding Machine Market Size Worth $2,884.65 Million By 2032 | CAGR: 4.1%


The North America plastic injection molding machine market size is expected to reach USD 2,884.65 Million by 2032, according to a new study by Polaris Market Research. The report North America Plastic Injection Molding Machine Market Share, Size, Trends, Industry Analysis Report, By Technology (Hydraulic, Electric, And Hybrid); By Technological Sophistication; By Clamping Force; By End-Use; and By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Plastic injection molding is a sophisticated manufacturing technology renowned for its ability to facilitate the mass production of components by injecting molten substances into molds. Predominantly utilized in mass production settings, it yields thousands of identical objects with remarkable precision. While injection molding accommodates a diverse range of materials such as metals, glassware, elastomers, and confections, thermoplastic and thermosetting polymers reign supreme. Notably, its primary advantage lies in its prowess for mass production, leading to low unit costs once initial expenses are amortized.

The plastic injection molding process entails heating and melting synthetic resins, commonly referred to as plastics, before injecting them into molds and subsequently cooling them to achieve the desired shape. Mirroring the action of injecting fluids via a syringe, this method epitomizes the essence of injection molding. The procedural sequence involves melting materials, depositing them into molds for solidification, followed by extraction and finishing.

Injection molding equipment serves as a cornerstone for mass-producing plastic components with unparalleled precision. Renowned for its efficiency, the injection molding machine stands as an optimal and energy-efficient solution for plastic item production at scale. The growing market for injection molding machines owes its momentum to the myriad attributes of these machines, including durability, user-friendliness, heightened production rates, rapid production cycles, and superior quality output.

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Fueling the expansion of the North America plastic injection molding machine market is the substantial industrial investment coupled with robust demand for injection-molded polymers, particularly within the automotive and healthcare sectors. Industry leaders further propel market growth through the development of fully automated injection molding equipment, thereby ensuring energy efficiency. To cater to diverse client requirements, market participants offer injection molding machines in varying sizes and configurations.

Plastic Injection molding epitomizes automation, with automated tools seamlessly integrated into injection molding machines. The majority of injection molding processes are executed by machines and robotics, minimizing human intervention and associated labor costs. This automation not only streamlines processes but also augurs well for reducing the overall production costs of plastic parts. Moreover, the injection molding method facilitates the production of numerous identical parts per hour, further enhancing its cost-effectiveness and efficiency. The expansion of the market is poised to be driven by escalating production rates and rapid Plastic injection molding production capabilities. Furthermore, injection molding allows for the creation of plastic components with diverse finishes, ranging from light texture to screen-printed, catering to varied aesthetic preferences. Consequently, the combination of low labor costs and bulk production potential associated with injection molding machines is expected to catalyze market expansion in the foreseeable future.

North America Plastic Injection Molding Machine Market Report Highlights

  • In 2023, the Hydraulic segment accounted for the largest revenue share in North America plastic injection molding machine market. the production of plastic parts of exceptional quality, regardless of their thickness or thinness. Moreover, a hybrid injection molding machine facilitates a rapid return on investment (ROI), permits ongoing adjustments, and offers flexibility in product design alternatives.
  • By End-use, the Automotive segment is expected to grow at the fastest CAGR during the forecast period. The versatility and efficiency of injection molding technology make it indispensable for producing these intricate and customized automotive parts.
  • In 2023, United States dominated the largest market 2023 due to, the combination of rapid economic growth, diverse industrial sectors, technological innovation, favorable business conditions, and strong infrastructure has positioned the United States as a dominant player in the North American plastic injection molding machine market.
  • The North America key market players Bemis Manufacturing Company, Berry Global, Inc., Fathom Digital Manufacturing, Hillenbrand,Inc., Husky Injection Molding systems Ltd., Jabil Inc., Milacron holdings Corp., Milacron, LLC, NISSEI America, Inc, Plastikon Industries, Inc., Proto Labs, Inc., Rodon Group LLC, UBE Machinery Inc, Xometry Enterprise.

Polaris Market Research has segmented the North America plastic injection molding machine market report based on technology, technological sophistication, clamping force, end-use, and region.

North America Plastic Injection Molding Machine, Technology Outlook (Revenue - USD Million, 2019 - 2032)

  • Hydraulic
  • Electric
  • Hybrid

North America Plastic Injection Molding Machine, Technological Sophistication Outlook (Revenue - USD Million, 2019 - 2032)

  • High Tech
  • Mid Tech
  • Low Tech

North America Plastic Injection Molding Machine, Clamping Force Outlook (Revenue - USD Million, 2019 - 2032)

  • < 100 Metric Tons
  • 101 to 400 Metric Tons
  • 401 to 1000 Metric Tons
  • > 1000 Metric Tons

North America Plastic Injection Molding Machine, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Automotive
  • Consumer Goods
  • Packaging
  • Electronics
  • Medical
  • Others

North America Plastic Injection Molding Machine, Region Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada

 

North America Plastic Injection Molding Machine Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 2,097.27 million

Revenue forecast in 2032

USD 2,884.65 million

CAGR

4.1% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By Technology, By Technological Sophistication, By Clamping Force, By End-Use, and By Region

Regional scope

North America

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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