Product Code: ETC295584 | Publication Date: Aug 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India injection molding machine market import shipment demonstrated strong growth with a notable CAGR of 32.4% from 2020 to 2024. However, the growth rate slightly moderated between 2023 and 2024, indicating a potential stabilization or a more gradual expansion in the market during that period.
The India injection molding machine market is witnessing significant growth, driven by the expansion of various industries, including automotive, packaging, and consumer goods. Key players in this market offer a wide range of injection molding machines, including hydraulic, electric, and hybrid machines, to cater to the diverse needs of manufacturers. As India seeks to enhance manufacturing capabilities, improve product quality, and reduce production cycle times, the demand for injection molding machines is on the rise. Additionally, the focus on energy efficiency and precision molding is driving the development of advanced and technologically sophisticated injection molding machines in the India market.
The India injection molding machine market is anticipated to grow significantly, driven by the expanding manufacturing and plastics processing industries. The demand for efficient and high-speed injection molding machines to cater to various end-use applications is propelling market growth. Moreover, the adoption of advanced technologies, such as electric and hybrid injection molding machines, is contributing to the market`s expansion. The need to achieve precise molding, reduce production cycle times, and ensure cost-effectiveness also act as drivers for this market.
The injection molding machine market faces challenges related to energy efficiency, optimizing cycle times, and reducing material wastage. Additionally, manufacturers must provide reliable and high-performance machines to meet the demands of diverse molding applications.
The COVID-19 pandemic led to disruptions in industrial activities, impacting the demand for injection molding machines. However, with the revival of manufacturing, the market is expected to witness growth.
The India injection molding machine market is led by multinational companies that offer technologically advanced and high-performance machines. Some of the key players in this market include Milacron Holdings Corp., Haitian International Holdings Limited, and Engel Austria GmbH. These companies provide a wide range of injection molding machines with varying tonnage capacities, catering to the diverse needs of the plastics processing industry in India. Moreover, India manufacturers like Windsor Machines Limited and Electronica Plastic Machines Limited also contribute to the market, offering indigenous solutions and customized machines for specific applications. As the demand for efficient and cost-effective plastic molding solutions grows, key players are investing in research and development to introduce new machine variants, including all-electric and hybrid machines, to meet the evolving requirements of the India market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Injection Molding Machine Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Injection Molding Machine Market Revenues & Volume, 2021 & 2031F |
3.3 India Injection Molding Machine Market - Industry Life Cycle |
3.4 India Injection Molding Machine Market - Porter's Five Forces |
3.5 India Injection Molding Machine Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 India Injection Molding Machine Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Injection Molding Machine Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 India Injection Molding Machine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for plastic products across various industries |
4.2.2 Technological advancements in injection molding machines leading to improved efficiency and productivity |
4.2.3 Government initiatives promoting the manufacturing sector in India |
4.3 Market Restraints |
4.3.1 High initial investment cost for setting up injection molding facilities |
4.3.2 Fluctuating prices of raw materials impacting production costs |
4.3.3 Intense competition from other manufacturing technologies such as 3D printing |
5 India Injection Molding Machine Market Trends |
6 India Injection Molding Machine Market, By Types |
6.1 India Injection Molding Machine Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 India Injection Molding Machine Market Revenues & Volume, By Material, 2021-2031F |
6.1.3 India Injection Molding Machine Market Revenues & Volume, By Plastic, 2021-2031F |
6.1.4 India Injection Molding Machine Market Revenues & Volume, By Metal, 2021-2031F |
6.1.5 India Injection Molding Machine Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Injection Molding Machine Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Injection Molding Machine Market Revenues & Volume, By Hydraulic, 2021-2031F |
6.2.3 India Injection Molding Machine Market Revenues & Volume, By Electric, 2021-2031F |
6.2.4 India Injection Molding Machine Market Revenues & Volume, By Hybrid, 2021-2031F |
6.3 India Injection Molding Machine Market, By End-use |
6.3.1 Overview and Analysis |
6.3.2 India Injection Molding Machine Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.3 India Injection Molding Machine Market Revenues & Volume, By Consumer Goods, 2021-2031F |
6.3.4 India Injection Molding Machine Market Revenues & Volume, By Packaging, 2021-2031F |
6.3.5 India Injection Molding Machine Market Revenues & Volume, By Electronics, 2021-2031F |
6.3.6 India Injection Molding Machine Market Revenues & Volume, By Others, 2021-2031F |
7 India Injection Molding Machine Market Import-Export Trade Statistics |
7.1 India Injection Molding Machine Market Export to Major Countries |
7.2 India Injection Molding Machine Market Imports from Major Countries |
8 India Injection Molding Machine Market Key Performance Indicators |
8.1 Energy efficiency of injection molding machines |
8.2 Scrap rate per production cycle |
8.3 Downtime percentage due to maintenance issues |
8.4 Customer satisfaction index with the quality of molded products |
8.5 Adoption rate of automation and robotics in injection molding processes |
9 India Injection Molding Machine Market - Opportunity Assessment |
9.1 India Injection Molding Machine Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 India Injection Molding Machine Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Injection Molding Machine Market Opportunity Assessment, By End-use, 2021 & 2031F |
10 India Injection Molding Machine Market - Competitive Landscape |
10.1 India Injection Molding Machine Market Revenue Share, By Companies, 2024 |
10.2 India Injection Molding Machine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |