The global plastic injection molding machines market is forecast to grow at a compound annual growth rate (CAGR) of more than 4% during the forecast period from 2021-2030, and the market value anticipates to reach USD 12,700 million in 2030.

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A plastic injection molding machine is a machine that molds plastic products. A clamping unit and an injection unit are two major components. Plastic injection molding machines work by injecting molten plastic into a mold as the material cools, which later hardens to shape around the cavity. A variety of plastic parts can be made using injection molding, from medical equipment to toys. This process also plays a role in manufacturing aerospace and automotive components.

COVID-19 adversely affected the demand for plastic injection molding machines, which has created new opportunities for the market. There has been an increase in demand for plastic injection molding machines from makeshift hospitals and healthcare institutes worldwide to manufacture various medical equipment. Globally, the Coronavirus outbreaks have put the healthcare industry in the spotlight. Due to the explosive growth in cases of Covid-19, the demand for medical instruments and equipment such as syringes and air systems spiked exponentially. China and India became the hubs for manufacturing and meeting demand for all these items throughout the world.

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The Asia Pacific includes China and India, two of the most important emerging nations. In this region, most industries have a high potential for development. It presents significant opportunities for a variety of manufacturers as the plastic injection molding machine market grows. In APAC, 61% of the world’s population lives, and the production and processing sectors are rapidly expanding. The APAC region is the largest market for plastic injection molding machines, with China the major market likely to grow substantially over the next few years. APAC’s emerging economies have rising living standards and disposable incomes, which are driving this market.

The prominent companies profiled in the global plastic injection molding market are:

The global plastic injection molding market segmentation focuses on Material, Application, Clamping Force, Type, Mode of Operation, and Region.

Segmentation based on Clamping Force

Segmentation based on Mode of Operation

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•This report provides comprehensive information on factors expected to influence the market growth and market share in the future. •The report offers the current state of the market and future prospects for various geographical regions. •This report provides both qualitative and quantitative information about the competitive landscape of the market.

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