Dallas, Texas (PRWEB) July 23, 2014
Injection molders are used in various industries such as Automotive, Packaging, and Healthcare. Injection molding machine manufacturers have started to manufacture molding machines that can be used in all these industries. They have categorized these machines based on size and shape and not on end-user applications. Haitian, one of the major manufacturers, has introduced the JU II/h series, which can expand the mold area space by up to 20 percent to accommodate larger tools, and a modified clamping unit for heavier molds.
Analysts forecast the Global Injection Molding Machine market will grow at a CAGR of 7.43 percent over the period 2013-2018. According to the report, the Global Injection Molding Machine market is driven by several growth factors. Increasing demand for electric and hybrid injection molding machines is one of the major drivers. Reduction in energy consumption by about 50 percent with high speed and precision has led to increased demand for electric and hybrid injection molding machines.
Injection molding machines are used in the production of various plastic products. Material is injected into the mold by an injection molding process. Injection molding of thermo setting plastics and thermoplastics is performed using these machines. Materials commonly used in injection molding are nylon, polystyrene, ethylene, polycarbonate, and polypropylene. Injection molding machines facilitate the fast production of plastic parts with reduced waste and at low cost. These machines are mainly used in the Packaging, Automobile, and Medical Equipment industries. They are also used for applications in the Electrical/Electronics and Construction industries.
Further, the report states that despite the presence of strong drivers, the growth of the Global Injection Molding Machine market is curtailed by certain serious challenges. One of the major challenges is the volatile macroeconomic conditions. This has led companies to delay their investment decisions and end-users to delay their spending.
The Global Injection Molding Machine market can be divided into four end-user segments: Automobile Industry, Packaging Industry, Healthcare Industry, and Others.
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The Global Injection Molding Machine market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Injection Molding Machine market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The report recognizes the following companies as the key players in Global Injection Molding Machine Market: ARBURG GmbH, ENGEL Holding GmbH, Haitian International Holding Ltd., Nissei Plastic Industrial Co. Ltd. , Chen Hsong Machinery Co. Ltd, Guangdong Yizumi Precision Machinery Co. Ltd, Husky Injection Molding Systems Ltd., Sumitomo (SHI) Demag Plastics Machinery GmbH , The Japan Steel Works Ltd., Toyo Machinery & Metal Co. Ltd.
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