Injection Molding Machine Market 2021

   2021-04-22       5        Business
Rating :
Market Size – USD 18.38 Billion in 2019, Market Growth - CAGR of 3.5%, Market Trends – High demand from developing nations.

The Global  is expected to be worth USD 23.85 Billion in 2027, from a valuation of USD 18.38 Billion in 2019, registering a CAGR of 3.5% over the estimated period. Several superior structural characteristics of injection molding machines, the rapid growth as well as modernization in the machines, and the growing demand from various industrial applications are majorly augmenting the market’s demand globally. The growing need for distinct injection-molded plastic products is boosting the molding machine’s adoption for injection. Moreover, the rising focus on energy-efficient devices use would further propel the industry’s growth. The hybrid machine’s development and surging use of all-electric machines are also fueling the industry’s growth in the coming years. Increasing information regarding energy saving is further accelerating the market’s expansion. Furthermore, the rising production levels and fast production by the use of injection molding are contributing to the industry’s growth.

To identify the key trends in the industry, click on the link below: 


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