The Development and Trend of China's Injection Molding Machine

SS Machinery

Injection molding machine is an important branch of plastic machinery, and it is the plastic machinery product with the largest output, the highest output value and the most export. Injection molding machines are widely used in household appliances industry, automobile industry, general plastic industry, medical industry, etc.

Development Status of Global Injection Molding Machine

According to the latest report of Grand View Research Inc. in San Francisco, the United States predicts that by 2025, the global injection molding machine market will reach USD 22.45 billion, with a compound annual growth rate of 3.5%.

The report pointed out that the growing demand for light and complex automobiles and electronic components is bound to stimulate market demand for injection molding machines. The continuous development of industrialization, technological progress, rapid urbanization, and the growth of infrastructure will also increase the demand for injection molding machines.


It is predicted that mass production in the automotive, consumer goods, and electronics industries will promote the development of the global injection molding machine market. The injection molding machine market is divided into two categories: plastic injection molding machines and metal injection molding machines.


From the perspective of revenue, the plastics business was valued at 13 billion U.S. dollars in 2017 and will occupy a larger market share during the forecast period. The automotive business was valued at US$4.97 billion in 2017 and is expected to achieve explosive expansion in the next few years.


Injection molding machines are widely used in the automotive industry and are used to manufacture the most complex and critical components, including interior and exterior components, electronic components, and components under the hood. Consumer products are the largest part of injection molding machines used to produce personal hygiene products, household products, cosmetics, and daily necessities.


According to the research report, from the perspective of technology, the market size of electric injection molding machines in 2017 was 5.8 billion U.S. dollars and will show strong growth during the forecast period. A large number of electric injection molding machines are used in the electronics, packaging, and healthcare industries, which is expected to increase market demand for related products. In 2017, electric injection molding machines accounted for about 34% of the global injection molding machine market share. The wide application of electric injection molding technology, coupled with the cost advantage of this manufacturing process over existing processes, will strongly promote market growth.


During this period, the US injection molding machine market revenue will expand at an average annual growth rate of 1.10%; the growth of the German market will exceed 2.23 billion US dollars. As the largest injection molding machine market in the Asia-Pacific region, China is expected to reach US$3.71 billion in 2025.


At present, the participants in the injection molding machine market mainly include Hong Kong Chen Hsong Group Co., Ltd., Engel (Austria) Co., Ltd., German Arburg Co., Ltd., Milacron Holdings Co., Ltd., Sumitomo (SHI) Demag Plastics Machinery Co., Ltd., China Ningbo Haitian International Holdings Co., Ltd., Japan Resin Industry Co., Ltd. and Canada Husky Injection System Co., Ltd.


The Development Status of China's Injection Molding Machine

In recent years, the injection molding machine market has basically reached saturation, and the industry has grown slowly. However, since 2018, the global economy has gradually recovered from the recession. The growth of China's domestic demand and the recovery of external demand have brought strong growth momentum to the injection molding machine market. Thanks to the continuous improvement of the industry's prosperity, the global injection molding machine market value in 2019 was US$10884.04 million, with a compound annual growth rate of 3.4% during 2019-2025.

China's injection molding machine output accounts for more than 60% of the global output, and the products are mainly exported to Turkey, the United States, Southeast Asia, Brazil, etc. The main imported products are high-end all-electric models, and the price of imported products is several times that of exported products. Chinese companies dominate the low-end market, while European and Japanese companies dominate the high-end market. The industry is relatively concentrated, and the main players include Haitian International, ENGEL Holding GmbH, KraussMaffei, ARBURG GmbH, Sumitomo Heavy Industries, Milacron, Wittmann Battenfeld, Fanuc, Shuangsheng, etc.


The Future Development Trend of Injection Molding Machine

As the production equipment of plastic products, injection molding machine is one of the industrial parent machines, and its downstream is relatively scattered, mainly including automobiles, home appliances, 3C, etc. From 2003 to 2019, the output value of the injection molding machine industry showed a 2-3 year growth, and a cyclical change of 1-2 years down or flat. After the industry surged in 2017, the industry continued to decline from 2018 to 2019 due to the weak downstream of automobiles, home appliances, and 3C. In 2020, due to the impact of the new crown pneumonia epidemic, the proportion of packaging materials such as demand-side drugs and plastic products may increase. Traditional downstream may not necessarily Contribute to the increase in demand, but it may be replaced by 2021.


Under the new situation, China's injection molding machine brand ushered in opportunities. There are still many foreign brands of high-end injection molding machines in the Chinese market. For example, KraussMaffei (KM), Engel, Milacron, Husky, etc. all have production bases in China, and their product prices are also higher than Chinese companies. Considering that the domestic supply chain may be less affected by the new crown pneumonia epidemic than overseas, Chinese brands such as Haitian International may enter the high-end market. At the same time, within the brand, second-tier brands are struggling to catch up with Haitian International. (China's Top Ten Injection Molding Machine Brands)



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