China Injection Molding Machine Market Set to Reach USD 6 Billion by 2030, Growing at a CAGR of 4%

 

According to Next Move Strategy Consulting, the China Injection Molding Machine Market is forecasted to grow USD 6 billion by 2030, with a compound annual growth rate (CAGR) of 4% from 2024 to 2030. The market growth is being fueled by the rapid expansion of China’s manufacturing sector, particularly in industries such as toy manufacturing, automotive, electronics, and consumer goods. Additionally, rising demand for customized products is opening new opportunities for growth in the injection molding machine industry.

Injection molding machines, which are used to produce high-precision plastic and metal parts by injecting molten material into a mold cavity under pressure, play a critical role in the manufacturing of everyday products across various industries. The demand for these machines is being driven by China’s robust industrial landscape and its position as the largest producer of plastic goods globally.

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Booming Toy-Making Sector Boosts Market Demand

One of the key factors contributing to the growth of China’s injection molding machine market is the booming toy-making industry. China remains the world’s largest producer and exporter of toys, accounting for nearly 80% of global toy production. Injection molding machines are essential for the mass production of toys, and as the demand for toys continues to rise globally, so does the need for high-performance molding equipment. With China’s extensive infrastructure and manufacturing capabilities, the toy-making sector is set to remain a major contributor to the country’s injection molding machine market.

Rising Manufacturing Sector Driving Adoption of Advanced Injection Molding Machines

China continues to solidify its position as a global manufacturing hub, which further stimulates demand for injection molding machines. Leading industrial players are expanding their production facilities in China to meet growing domestic and international demand. For example, Sumitomo (SHI) Demag China unveiled a new 43,000-square-foot manufacturing facility in early 2023 to double its production of injection molding machines in China. As the manufacturing sector expands and diversifies—spanning industries such as automotive, electronics, packaging, and consumer goods—the demand for advanced injection molding technology is expected to increase accordingly.

According to the TAKE-Profit Organization, manufacturing production in China saw a 3.9% increase in July 2023 compared to the same month in the previous year, further highlighting the country’s industrial growth and the accompanying need for efficient production machinery.

Challenges Posed by Emerging Alternative Manufacturing Technologies

While the injection molding machine market in China continues to grow, the emergence of alternative manufacturing technologies such as 3D printing and additive manufacturing is presenting some challenges. These innovative methods offer advantages like customization, rapid prototyping, and waste reduction, which are attracting industries focused on flexibility and speed. As demand shifts toward these alternatives, injection molding manufacturers are under pressure to innovate and remain competitive in a rapidly changing technological landscape.

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Customization Demand Drives Opportunities for Growth

Another key growth driver in China’s injection molding machine market is the rising demand for customized and personalized products. Sectors like consumer goods, electronics, and even automotive are witnessing a surge in consumer preference for tailored designs and small batch production. Injection molding machines that can rapidly switch molds and produce smaller, customized batches are vital for manufacturers seeking to meet this trend. As a result, injection molding machine manufacturers are increasingly focusing on developing versatile machines that support the production of personalized products.

Competitive Landscape

The China injection molding machine market features several global players who are contributing to the industry’s growth with their advanced technologies and solutions. Notable companies in the market include:

• Hillenbrand, Inc.
• Sumitomo Heavy Industries
• The Japan Steel Works
• NISSEI
• Ube Industries, Ltd.
• ENGEL
• ARBURG
• Haitian International
• Husky Injection Molding Systems
• KraussMaffei Group

These companies are at the forefront of providing state-of-the-art injection molding machines and continue to play a pivotal role in shaping the market’s future in China.

Market Segmentation

• By Product Type: Plastic, Thermoplastics, Thermosets, Rubber, Metal, Powder, Liquid, Ceramic, Others
• By Machine Type: Hydraulic, All-electric, Hybrid
• By Clamping Force: Below 200 Tons, 200–500 Tons, Above 500 Tons
• By Business Type: New Sales, Aftersales
• By End-User: Automotive, Packaging, Electronics, Healthcare, Consumer Goods, Toy Making, Building & Construction, Home Appliances, Others

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