Global Injection Molding Machine Market: Key Highlights
Global Injection Molding Machine Market: Key Market Dynamics
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Global Injection Molding Machine Market: Regional Overview
The injection molding machine market in the North America region is projected to witness high demand due the well-established manufacturing companies. Most leading manufacturers export in the region has expected to boost the product demand. Demand from import of machinery is majorly driven by automotive industry, owing to inclination towards producing advanced and aesthetically improved products.
Asia-Pacific is expected to dominate the injection molding machine market owing to the rapid industrialization and urbanization. Growing urban and rural population, rapid pace of urbanization, and foreign investments have propelled regional demand for automotive, consumer goods, and electronics industries. China, India, and Taiwan are among the largest regional markets anticipated to influence the global injection molding industry during the forecast period.
Global Injection Molding Machine Market: Key Players Overview
Haitian International Holdings Limited is one of the leading manufacturers for plastic injection molding machine. The company has around 60 sales and services including 9 locations for assembling and logistics. In 2019, the company generated revenue of USD 1.4 million and was 9.6% decrease than previous year owing to the outbreak of COVID-19 pandemic. In May 2019, the company announced to expand the manufacturing plant in Mexico with an aim to extend its manufacturing capacities.
NISSEI PLASTIC INDUSTRIAL CO., LTD. is engaged in development, manufacture and sales of injection molding machines, molds, auto-molding systems, and measuring instruments, and other business segments. In Nov 2019, Nissei Plastic Industrial Co., Ltd. acquired a majority stake in Negri Bossi S.p.A. to expand and strengthen its business domain in injection molding machine.
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