New-age, smart technologies powered by artificial intelligence (AI) and the Internet of Things (IoT) have revolutionized manufacturing processes. For example, in the injection molding domain, machines and equipment are embedded with sensors that collect and transmit data to a central system, where they are analyzed. The key feature of these technologies is that they eliminate the need for human intervention. Injection molding machines are widely utilized in manufacturing essential items made from plastics and metals. With the integration of AI and IoT, these machines can work at higher efficiencies compared to their conventional counterparts and this factor is expected to create wide-ranging opportunities for players in this market.

At USD 6.01 billion, Asia Pacific dictated the injection molding machine market share in 2019 and is predicted to maintain its dominant position during the forecast period. This will mainly be a result of robust growth of industries in the region, especially in the SME sector in countries such as India, China, and Vietnam. In addition, government policies supporting manufacturing activities will further encourage innovation and entrepreneurship in the region, benefiting the market in general.

The outbreak of the COVID-19 pandemic has unprecedented uncertainty across industries, hampering investments in new technologies and creation of employment. The injection molding machine market growth is likely to get impacted as well owing to the reduced labor force working in manufacturing plants amid the pandemic. In India, for example, the sudden lockdown announced in March 2020 to contain the spread of the infection forced a huge number of migrant workers, most of who are employed in the country’s burgeoning small and medium enterprise (SME) sector, to leave for their native places. In the US, to take another example, a survey conducted by the National Association of Manufacturers revealed that 53.1% of manufacturers foresee changes in production operations, while 35.5% have been facing issues due to supply chain disruptions. The uptick for this market is the surging demand for plastic medical devices, which are extensively manufactured by injection molding machines. Thus, the demand for these machines from the medical device industry may offset the losses from other industries to a limited extent for players in this market.

The new machines will be used to expand capacity at Silcotech's headquarters in Bolton, Ontario.  They will be added to the existing fleet to handle growing business volume, and the new machines are sizes where increased capacity is needed, said Dan Morris, Business Development Manager at Silcotech.

The two new Arburg machines include a 110 US ton ALLROUNDER 470 A 1000 - 290 Comfort, and a 220 US ton ALLROUNDER 570 A 2000 - 400 Comfort.  Both are all-electric machines specified with LIM/LSR moulding options as well as thermoplastic moulding capabilities. They will both be equipped with MULTILIFT SELECT 8 servo electric robotics for parts removal and manipulation.  Delivery is scheduled for summer 2024.

Pune, India, April 27, 2022 (GLOBE NEWSWIRE) -- The global injection molding machine market is projected to reach USD 20.49 billion by 2027, exhibiting a CAGR of 4.1% during the forecast period. Advent of smart manufacturing technologies will generate numerous innovation opportunities in this market, shares Fortune Business Insights™ in its report, titled “Injection Molding Machine Market Size, Share and COVID-19 Impact Analysis, By Product Type (Plastic, Metal, Rubber, Ceramic, Others), By Machine Type (Electric, Hydraulic, and Hybrid), By Clamping Force (0 - 200 Ton Force, 201 - 500 Ton Force, and Above 500 Ton Force), By End-use Industry (Packaging, Automotive, Electronics and Telecommunication, Healthcare, Infrastructure, Others) and Regional Forecast, 2020-2027”.

HEPA Filters Market Size, Share & Industry Analysis, By Application (Air Purifiers, HVAC Filters, Cleanroom Filters, Automotive Filters and Gas Turbine Filters), By End-User (Household, Commercial & Industrial) and Regional Forecast, 2019-2026

Automated Guided Vehicle Market Size, Share & COVID-19 Impact Analysis, By Type (Tow Vehicles, Automated Forklift Trucks, Underride/Tunnelling Vehicles, Assembly Line Vehicles, and Others), By Navigation Technology (Laser Guided, Magnetic Guided, Vision Guided, and Others), By Application (Transportation & Distribution, Storage & Assembly, and Packaging), By Industry (Automotive, Food & Beverage, E-Commerce, and Others), and Regional Forecast, 2022-2029

Baggage Handling System Market Size, Share & Industry Analysis, By Type (Destination coded vehicle (DCV), Conveyor), By Technology (Radio-Frequency Identification (RFID), Barcode), By Application (Airport, Railway, Marine), and Regional Forecast, 2020-2027

He continued, “Our decision to move forward with Arburg was clearly based on our history of success using their machines. Their machines feature a sound mechanical design coupled with a very progressive control system.”

The global injection molding machine market size was USD 15.39 billion in 2019 and is projected to reach USD 20.49 billion by 2027, exhibiting a CAGR of 4.1% during the forecast period.

September 2020: Engel Austria announced the inclusion of the new e-mac 130, which has a clamping force of 1300kN, in its all-electric injection molding machine suite. The new addition will allow the company to entrench its position as the leading supplier of electric injection molding solutions.

September 2019: Milacron Holdings showcased its Advanced Plastic Processing Technologies at K 2019, the world’s biggest plastics trade fair, held in Dusseldorf, Germany. Milacron’s product display included CIMCOOL, TIRAD, DME, and Mold-Masters.

Isolde Boettger, vice president and co-founder of Silcotech North America, said, “Michael’s technical experience, coupled with Arburg’s very solid and proven technology developments in LSR moulding technology, were superior when we made the decision to purchase our first two Arburg machines in 1998 when we started Silcotech North America. Looking back on our decision and evaluating the technology on a regular basis, it is clear Arburg was, and continues to be, the right decision for the competitive LSR space.”

“Silcotech’s business has seen growth in the 15% to 20% per year range over the past two years and the outlook is to keep that pace that in FY2024 and beyond,” said Morris.

The market report provides an in-depth analysis of several factors such as the key drivers and restraints that will impact growth. The report further provides insights into the regional analysis covering different regions, contributing to the market growth. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point analysis to obtain information about the current trends and industry developments that will drive the market growth between 2020 and 2027.

“At that time there were only two significant players offering LIM options for their moulding machines – Arburg was one of them.”

In North America, quick adoption of advanced manufacturing equipment and technologies to compensate the lack of labor will favor the market in the region. In Europe, on the other hand, manufacturers are facing major hurdles in the form of stringent environmental regulations, which is dampening the regional prospects of the market.

“Twenty-five years ago, we set out to become a global leader of liquid silicone moulded parts. Having spent 17 years in a technical capacity with a world-renowned moulding machine manufacturer, injection moulding machines were part of my DNA,” he said.

Michael Maloney, Silcotech president, said that Arburg was chosen as the supplier of the new machines because of their long history of success providing machines for LSR applications.

Key players in this market are constantly engaged in developing injection molding machines that are cost-effective and energy-efficient. By offering future-proof solutions to end-users, these companies are able to broaden and deepen their presence in the market and expand their operations globally.

Companies Covered in Injection Molding Machine Market Research Report are ELECTRONICA PLASTIC MACHINES LIMITED, Engel Austria GmbH, NISSEI AMERICA, INC., Sumitomo Heavy Industries, Ltd., Milacron Holdings Corp., Haitian International, Ved Machinery, Husky Injection Molding Systems Ltd., Arburg GmbH + Co KG, Japan Steel Works, Ltd., Chen Hsong Holdings Limited

Silcotech North America, a specialist in Liquid Silicone Rubber (LSR) injection moulding, has announced its expanding capacity with the purchase of two new injection moulding machine workcells.