According to a new market research report, the “Micro Injection Molding Machine Market by Type (0-10 tons, 10-30 tons and 30-40 tons), Application (Medical, Automotive, Fiber Optics, Electronics), and Region (APAC, North America, Europe, MEA, South America) – Global Forecast to 2026″, is projected to reach USD 609 million by 2026, at a CAGR of 9.8% from USD 381 million in 2021.
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- 145 Market data Tables
- 50 Figures
- 183 Pages and in-depth TOC on “Micro Injection Molding Machine Market – Global Forecast to 2026″
This report also provides a comprehensive analysis of the companies listed below:
The key players in this market are Sumitomo Heavy Industries Limited (Japan), Engel Austria GmbH (Austria), Nissei Plastic Industrial Co., Ltd. (Japan), Sodick Co., Ltd. (Japan), and Milacron Holdings Corp (US).
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Micro Injection Molding Machine Market.
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Players in the micro injection molding machine market are mainly concentrating on new product launches, merger and acquisitions to meet the growing demand for micro injection molding machine for various end-use industry. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.
The growth of the micro injection molding machine market has been influenced by new product launches that were undertaken between 2018 and 2021. Different companies are deploying different strategies to strengthen their position in the micro injection molding machine market. Sumitomo Heavy Industries Limited, Engel Austria GmbH, Nissei Plastic Industrial Co., Ltd. Sodick Co., Ltd., and Milacron Holdings Corp. are major players in this market. In general, these five companies are vital in their domestic markets and are exploring geographic diversification alternatives to grow their businesses. They have been focusing on increasing their market shares through partnerships and enhancing their product portfolios during the past few years.
Sumitomo Heavy Industries Limited is a heavy equipment manufacturer and operates its business through seven business segments: construction machinery, precision machinery, machinery components, industrial machinery, ships, environmental facilities & plants, and others. The company has its presence in Japan, the US, China, and Europe. It offers micro injection molding machines through the precision machinery segment. The precision machinery segment offers plastic machinery, laser processing machines, and defense equipment products.
On the other hand, Engel Austria GmbH is one of the leading manufacturers of micro injection molding machines. The company caters to five main industries: packaging, automotive, electronics, medical, and technical molding. The products manufactured by the company offer hydraulic, fully-electric, vertical, and horizontal solutions. The company has a total of nine production plants in Europe, North America, and Asia (China, Korea) and has subsidiaries in more than 80 countries. The company offers micro injection molding machines in all-electric, hydraulic, hybrid and vertical segments. These machines have clamping force ranging from 11.35 tons to 44.96 tons.
