Chandni Machines Ltd Management Discussions

INDUSTRY STRUCTURE AND DEVELOPMENTS

Injection Molding Machine Market Trends

The global plastic injection molding machine market was valued at USD 11.98 billion in 2024 and is projected to reach USD 14.78 billion by 2030, growing at 3.5% cagr from 2024 to 2030. The automotive industry accounts for a significant share of the market for plastic injection molding machines. Automotive manufacturing companies are replacing metal components with plastic components to minimize the total weight of vehicles, owing to the rising demand for light, fuel-efficient automobiles. Plastic injection molding machines are used to manufacture intricate, strong, and lightweight parts such as dashboards, bumpers, and interior trimmings. The installation of these parts is essential to meet the stringent standards on emissions and fuel efficiency. This is further enhanced by the fact that electric and hybrid cars usually utilize the most advanced plastic parts to reduce vehicle weight without compromising on strength and safety

Attractive Opportunities in the Plastic Injection Molding Machine Market Asia Pacific

Market growth can be attributed to the strong industrial base in the region.

Rising demand from packaging industry is driving the global plastic injection molding machine market.

Asia Pacific is expected to be the largest market for plastic injection molding machines during the forecast period.

Mergers & acquisitions is expected to offer lucrative opportunities for market players in the next 5 years.

Market growth in the Asia Pacific can be attributed to growing industrialization and population in emerging economies

GLOBAL PLASTIC INJECTION MOLDING MACHINE MARKET DYNAMICS DRIVER:

Developments in the plastic injection molding technology

Developments in the plastic injection molding technology are expected to drive the plastic injection molding machine market. Recent developments in material science have paved the way for manufacturers to employ an increasing share of engineering plastics, such as recycled plastics, biobased materials, and high-performance thermoplastics, which enable high-quality components to provide high strength, flexibility, and heat resistance. Advancements in multi-material injection molding techniques have also enabled companies to incorporate different qualities of materials in a single part. This is highly desirable in industries such as automobiles, consumer electronics, and medical devices, where utility aligns with esthetic appeal. Multi-material injection molding can produce durable parts, transparent parts, and soft-touch surfaces in the same product.

RESTRAINT: High initial maintenance costs

The growth of the plastic injection molding machine market is expected to be restrained by the high initial maintenance costs associated with these machines. High initial maintenance costs are attributed to factors such as the demand for professionals, availability of new parts, and organic wear and tear on equipment. Some of the common parts that may be substituted or repaired include actuators, hydraulic pumps, and electronic controls. Budgets are required to be provided for the purchase of these machines, along with frequent maintenance, which can significantly increase the costs of operation for manufacturers. High maintenance costs can also lead to additional downtime, resulting in a negative impact on output. Manufacturers, especially those with limited resources, find this cycle of rising costs and declining efficiency difficult to enable efficiently handling maintenance difficulties.

OPPORTUNITY: Rising demand for large-tonnage plastic injection molding machines

The rising demand for large-tonnage plastic injection molding machines is expected to create opportunities for growth for companies operating in the plastic injection molding machine market. Demand for large-tonnage machinery is largely driven by the automotive industry. As the complexity of cars increases, manufacturers need larger and stronger plastic components. The growing installation of plastic parts in automobiles, which are crucial for weight reduction and increased fuel economy, has an impact on this change. This demands high clamping force so that the final product manufactured can be highly accurate and reliable. Large tonnage machines can manufacture components like dashboards, bumpers, or other structural parts. As there is an increasing demand for fuel-efficient automobiles, electric and hybrid engines, new designs and types of components require plastic injection molding machines that can handle and produce the latest materials and designs.

CHALLENGES: Economic viability for smaller production capacities

Economic viability for smaller production capacities is a challenge for the plastic injection molding machine market. The significant initial investments required for the purchase of injection molding equipment are one of the main reasons for this challenge. The cost of installing, maintaining, and purchasing injection molding equipment is often high. Very small production runs can create a situation where the cost per unit is too high, and thus, it is economically impossible for businesses to invest in such equipment. The complexity of the process associated with injection molding makes this procedure unsuitable for production volumes that are relatively small.

Global Plastic Injection Molding Machine Market Ecosystem Analysis

Prominent companies in this market include well-established, financially stable manufacturers of plastic injection molding machines. These companies have been in business for a while and have broad product portfolios, cutting-edge technologies, and wide international sales and marketing networks. The prominent companies in this market include Haitian International Holdings Limited (China), Chen Hsong Holdings Ltd. (China), ENGEL AUSTRIA GmbH (Austria), Sumitomo Heavy Industries Limited (Japan), Hillenbrand, Inc. (US), Japan Steel Works LTD. (Japan), ARBURG GmbH (Germany), NISSEI PLASTIC INDUSTRIAL CO., LTD. (Japan), Husky Injection Molding Systems Ltd. (Canada), and KraussMaffei Group GmbH (Germany).

Based on clamping force, the 201-500 ton force is expected to be the fastest-growing segment in plastic injection molding machine market during the forecast period 201-500 ton force is projected to be the fastest-growing segment in the plastic injection molding machine market during the forecast period. The medical device industry is growing due to the increasing demand for precision parts, which encompass surgical instruments, diagnostic equipment, and treatment devices. This sector requires 200-500 ton clamping force machines, as there is a need for accuracy and hygiene.

The wearable technology and minimally invasive surgical instruments have high demand in a booming healthcare industry. This requires specialty parts that can be made using medium-tonnage machines.

Based on machine type, all-electric is expected to be the fastest-growing segment in the plastic injection molding machine market during the forecast period

The all-electric machine type segment is expected to be the fastest-growing in the plastic injection molding machine market during the forecast period. High-volume production processes require speed and high productivity. Due to the short response time and high accuracy of servo motors, it is evident that all-electric machines enable a significant difference in cycle time. Electric machines simplify the production cycle by enabling concurrent activities, such as part ejection, screw recovery, and mold opening, as any axis can be controlled. This synchronization reduces the entire cycle time and enables the production of a higher number of parts during a given period without compromising quality.

Based on end-use industry, healthcare is projected to be the fastest-growing segment in the plastic injection molding machine market during the forecast period

The healthcare segment is projected to be the fastest-growing segment in the plastic injection molding machine market during the forecast period. The growth in demand for plastic injection molding machines in the healthcare industry can be attributed to the aging population, rising rates of chronic illnesses, and improvements in medical technology.

There is a rising demand for medical equipment and devices due to the higher rate of chronic illnesses, which is expected to lead to the growth of the plastic injection molding market. Injection molding is considered the best production technique when accurate and high-quality plastic parts are needed for a very large number of medical appliances, such as surgical tools, diagnostic equipment, syringes, and catheters.

Asia Pacific is expected to be the largest market for plastic injection molding machines during the forecast period

Asia Pacific is the largest consumer of plastic injection molding machines. Global demand from governments and consumers for increasingly environmentally friendly production continues to rise as plastic wastes and their impact on the environment increase. In the regional effort to reduce plastic waste and carbon emissions, several countries have enacted laws that limit the activities of local manufacturers in South Korea, Japan, and Singapore. Companies are now implementing more environment-friendly injection molding processes due to pressures from governments. These processes help produce a lower percentage of material waste, consume less energy, and promote recyclable or biodegradable polymers.

Recent Developments of Plastic Injection Molding Machine Market

• In December 2023, Haitian International Holdings Limited inaugurated a new 15,000 sqm experience center in Haiphong, Vietnam, marking a key step in its global expansion strategy.

• In August 2022, Hillenbrand, Inc., acquired Herbold Meckesheim GmbH for approximately USD 82.25 million. This acquisition enhances the companys position in the recycling industry and furthers its commitment to sustainability.

• In March 2024, ARBURG GmbH + Co KG launched a ALLROUNDER 720 E GOLDEN ELECTRIC. This new electric injection molding machine was introduced with a slim design and reduced installation area, allowing for higher output per square meter. It combines electrical precision with process stability, making it suitable for various applications, including medical device production. The machine is designed to be automated with ARBURGs robotic systems and is expected to be a cost-effective solution for technical injection molding.

• In January 2023, Sumitomo Heavy Industries Limited launched the iM18E, a compact hybrid injection molding machine known for its minimal footprint in the 18-ton class category and high precision stability.

• In December 2020, ENGEL AUSTRIA GmbH expanded its portfolio by launching a new duo-speed injection molding machine (5,000 to 11,000 kN) for manufacturing buckets and storage and transport containers.

• In May 2024, Husky Technologies unveiled its next-generation HyPET 6e platform at NPE 2024, designed to set new standards in sustainable molding. This platform integrates machine, mold, and auxiliary systems with real-time remote monitoring capabilities, focusing on enhanced energy efficiency and superior recycled PET (rPET) capabilities.

Key Market Players

KEY PLAYERS IN THE PLASTIC INJECTION MOLDING MACHINE MARKET INCLUDE

• Haitian International Holdings Limited (China)

• Hillenbrand, Inc. (US)

• Husky Injection Molding Systems Ltd. (Canada)

• Chen Hsong Holdings Ltd. (China)

• Japan Steel Works LTD. (Japan)

• KraussMaffei Group GmbH (Germany)

• ENGEL AUSTRIA GmbH (Austria)

• ARBURG GmbH (Germany)

• Sumitomo Heavy Industries Limited (Japan)

• NISSEI PLASTIC INDUSTRIAL CO., LTD. (Japan)

The packaging industry has been growing significantly across the globe. Rising purchasing power, busier lifestyles, and subsequently rising demand for on-the-go packaged products are promoting growth in the packaging industry. Product packaging with functional, convenient, and eco-friendly products is likely to gain traction. Injection molding is widely used for manufacturing packaging products, thereby the market growth of the packaging industry is projected to have a positive impact on the market growth over the forecast period.

Regional Insights

The injection molding machine market in North America is projected to grow at the fastest CAGR of 4.1% from 2024 to 2030. The region has witnessed significant manufacturing growth owing to the existing industrial dynamics and commodity abundance in its countries. Increasing demand for packaged food products, growing immigration, and ongoing technological advancements, such as automation, are some of the key factors responsible for the market growth in this region.

	For and on behalf of Chandni Machine Limited
	Sd/-
	Jayesh Ramniklal Mehta
Date: 11-08-2025	Managing Director
Place: Mumbai	DIN:00193029