The Europe injection molding machines market size is expected to surge at a CAGR of 4.3% from 2023 to 2033. The market is projected to expand from US$ 3,475.3 million in 2023 to US$ 5,288.9 million by 2033. It was valued at US$ 3,339.4 million at the end of 2022 and is anticipated to exhibit y-o-y growth of 4.1% in 2023.
As per Future Market Insights (FMI), the automotive and packaging segments by end use together held a share of about 50% in 2022 in Europe. The market is projected to create an incremental growth opportunity of US$ 3,840 million during the assessment period. It is predicted to expand 1.7 times the current market value during the forecast period.
Injection molding machine demand in Europe is on the rise due to several key factors. The region has a strong manufacturing sector that spans various fields such as automotive, packaging, electronics, and medical devices.
Injection molding machines play a crucial role in these sectors, as they enable efficient and cost-effective production of high-quality plastic components & products. With growing demand for consumer goods and technological advancements, need for injection molding machines has increased significantly.
Sustainability and environmental concerns have become a top priority in Europe. Injection molding machines offer several eco-friendly advantages over other manufacturing processes.
They enable the use of recyclable materials, reduce waste through precise material control, and minimize energy consumption. Various countries in Europe are striving to achieve their environmental targets and reduce their carbon footprint. Hence, demand for injection molding machines has surged dramatically.
Increasing trend toward customization and personalization has also boosted demand for injection molding machines. Consumers in Europe are seeking products that are tailored to their specific needs and preferences.
Injection molding machines allow manufacturers to produce intricate and complex designs with high precision and consistency. Versatility of these machines, coupled with ability to produce a wide range of products, has made them indispensable in meeting the growing demand for customized goods.
Technological advancements in the field of injection molding have further contributed to rising demand for machines in Europe. Automation, robotics, and advanced control systems have revolutionized the efficiency and productivity of injection molding processes.
Novel innovations have not only reduced labor costs but also improved product quality and consistency. Manufacturers in Europe are increasingly adopting state-of-the-art injection molding machines to stay competitive in the market and meet growing demands of customers.
A Few Key Trends in the Europe Injection Molding Machines Industry:
| Attributes | Key Insights |
|---|---|
| Europe Injection Molding Machines Market Estimated Size (2023E) | US$ 3,475.3 million |
| Projected Market Valuation (2033F) | US$ 5,288.9 million |
| Value-based CAGR (2023 to 2033) | 4.3% |
| Collective Value Share: Top 5 Companies (2022A) | 35% to 40% |
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Europe injection molding machines market showcased a CAGR of 2.4% during the historical period. It reached a market value of US$ 3,339.4 million in 2022 from US$ 2,961.9 million in 2017.
Manufacturing sector in Europe has traditionally been strong, with a focus on producing high-quality products across various sectors. Injection molding machines are essential for mass production of plastic components and products, allowing manufacturers to meet the increasing demand for consumer goods.
Expansion of sectors such as automotive, packaging, and electronics has also contributed to increased demand for injection molding machines. These sectors heavily rely on plastic components for their products.
Injection molding provides a cost-effective and efficient method of production. As countries in the region experienced economic growth and an increased demand for these products, need for injection molding machines naturally followed suit.
Demand for injection molding machines has further increased as manufacturers seek to introduce innovative and complex products to the market. Injection molding allows for the production of intricate shapes, precise details, and multi-component parts.
It enables designers to push the boundaries of product development. Ability to create sophisticated designs with injection molding has led to a surging demand for machines that can meet these requirements.
Injection molding offers significant cost advantages over other manufacturing processes. It enables high-volume production with shorter cycle times, reducing labor costs and increasing overall efficiency.
Manufacturers in Europe have recognized the cost-effectiveness of injection molding machines. Hence, they have increasingly adopted them to streamline their production processes and improve profitability.
Europe's geographical location and proximity to various markets have made it an attractive manufacturing hub. Injection molding machines play a vital role in the regional supply chain, allowing for localized production and faster turnaround times.
Demand for these machines has risen as manufacturers aim to establish or expand their operations in Europe. They are aiming to cater to the local and international markets efficiently.
Europe automobile sector is highly driven by increasing demand for vehicles to facilitate easier commutes. The demand for passenger cars and other vehicles has surged in the region due to rising income levels, urbanization, and improving road infrastructure.
Europe has one of the largest automobile sectors with maximum automobile brands coming from the region. Consequently, this has generated a heightened demand for the production of new automobile parts and equipment.
By minimizing material waste, injection molding can help the automobile sector cut expenses. It can also facilitate the use of lightweight materials, further surging fuel efficiency.
Several car parts, including dashboard components, door panels, seat components, electrical components, and engine components are produced through injection molding. It provides a practical and economical alternative for the production of these parts, which demand high levels of uniformity and precision.
In February 2023, for instance, Marelli, a prominent player in the automotive lighting sector, proactively responded to the evolving demands of the new energy vehicle (NEV) market. As a leader in the sector, Marelli has taken the initiative to acquire multiple YIZUMI 1400T-1850T ‘H-type parallel quartet’ multi-component injection molding machines.
The advanced machines enable efficient mass production of tricolor and run-through taillights, as well as thick-walled light guides. By investing in these cutting-edge machines, Marelli aims to meet the growing market requirements. It also wants to stay at the forefront of innovation in the automotive lighting sector.
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Numerous injection molding machines are built with modular parts that can be easily replaced or rearranged to suit different production requirements. This enables clients to modify their equipment for certain applications or product specifications.
Molds and dies that are specially made for a certain part or product can be installed on injection molding machines as custom tooling. Custom tooling enables clients to create parts with specified characteristics, shapes, and sizes.
Numerous injection molding machines are nowadays equipped with advanced controls. These hence enable precise control of the injection molding process by modifying factors such as temperature, pressure, and speed. High demand for customized solutions in Europe is projected to drive injection molding machine sales.
Use of plastics is growing across various sectors such as food & beverage, automobile, electronics, consumer goods, and personal care, among several others. This is attributed to cost-effectiveness, durability, and ease of manufacturing that plastics provide. These factors are leading to a high demand for injection molding machines to manufacture plastic products.
There are multiple applications of injection molding plastics. Availability of numerous types of plastics such as polyamide (PA), polyvinyl chloride (PVC), polypropylene (PP), and thermoplastics in Europe would also propel sales.
Plastic bags, bottles, packaging products, accessories for computers, toys, automobile parts, pipe fittings, and consumer electronics parts can all be manufactured using the injection molding process.
Technology of plastic injection molding can also be used to make easy items such as a fork, as well as complex, life-saving medical items. Increased use of plastic products is further expected to fuel injection molding machine demand in Europe.
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| Country | Germany |
|---|---|
| Market Share (2023) | 26.9% |
| Market Share (2033) | 23.4% |
| BPS Analysis | -350 |
| Country | France |
|---|---|
| Market Share (2023) | 11.0% |
| Market Share (2033) | 9.7% |
| BPS Analysis | -130 |
| Country | Spain |
|---|---|
| Market Share (2023) | 5.5% |
| Market Share (2033) | 5.1% |
| BPS Analysis | -40 |
| Country | Italy |
|---|---|
| Market Share (2023) | 7.3% |
| Market Share (2033) | 6.9% |
| BPS Analysis | -120 |
| Country | United Kingdom |
|---|---|
| Market Share (2023) | 8.3% |
| Market Share (2033) | 7.1% |
| BPS Analysis | -10 |
| Country | BENELUX |
|---|---|
| Market Share (2023) | 3.6% |
| Market Share (2033) | 3.5% |
| BPS Analysis | -20 |
| Country | Poland |
|---|---|
| Market Share (2023) | 3.9% |
| Market Share (2033) | 3.0% |
| BPS Analysis | -90 |
| Country | Hungary |
|---|---|
| Market Share (2023) | 2.8% |
| Market Share (2033) | 2.2% |
| BPS Analysis | -60 |
| Country | Russia |
|---|---|
| Market Share (2023) | 4.0% |
| Market Share (2033) | 3.1% |
| BPS Analysis | -90 |
Demand for Molding Equipment to Surge among Leading Automakers in Germany
The automobile sector in Germany, with a labor force of over 857,336, is one of the largest employers in the world. Germany has been highly recognized all over the world for its extraordinary automotive sector and excellence in engineering.
The country is ranked third in terms of car production in the world and fourth in total motor vehicle production. According to Germany Trade & Invest (GTAI), the country accounted for 25% of all passenger cars manufactured along with 20% of new registrations.
Germany is occupied with 44 original equipment manufacturer (OEM) sites. The Germany OEM market share accounted for 55% in 2021 in Europe. As a result, the country is anticipated to offer an incremental opportunity of US$ 573.2 million over the next ten years.
Pharmaceutical Firms in the United Kingdom to Look for Hand Press Molding Machines
The pharmaceutical sector is an important space in the United Kingdom. The sector is investing hugely in research & development for new and innovative medicines.
According to the Association of the British Pharmaceutical Industry, the pharmaceutical sector in the United Kingdom has a turnover of around US$ 44 billion, and invests US$ 5.4 billion in research & development. Injection molding machines are heavily used in the pharmaceutical sector for producing different packaging products with accuracy and repeatability.
The pharma sector of the United Kingdom is creating numerous opportunities for Europe injection molding machines market. Owing to this, the United Kingdom market accounted for about 8.3% of share in 2023, and is set to exhibit a CAGR of 3.7% in the forecast period.
Demand for Hydraulic Resin Molding Machines to Expand across Europe
Hydraulic molding machines currently hold the dominant injection molding machines market share. These molding machines are suitable for thick-walled parts with longer hold times.
They have better injection rates and high resistance to wear and tear compared to other type of automations. Hydraulic molding machines are low-cost options over electric molding machines.
Easy availability of replacement parts might also result in reduced maintenance costs. Lower initial price of hydraulic molding machines makes them the ideal choice for manufacturers. As a result, the hydraulic segment is anticipated to gain a market share of around 44% in 2023.
Automotive Companies Present Demand for Rubber Injection Molding Machines to Make Lightweight Parts
Injection molding machines are widely used in the automotive sector for producing plastic and metal parts. Metal injection molding machines are most commonly used in automotive to produce high strength and high complexity parts for engines and gearboxes. The automotive sector also utilizes plastic injection molding machines to manufacture various lightweight parts such as interior components and engine panels.
Injection molding further offers an unmatched level of versatility when it comes to manufacturing parts for various vehicles. A few of these include classic cars, coupes, sedans, boats, and airplanes.
Injection molding is used in both automotive OEM and aftermarket sectors. Hence, by end use, the automotive sector is set to hold around 29% of the market share in 2023.
Injection molding machine manufacturers in Europe are investing in research & development to introduce innovative features and technologies in their machines. This includes advancements in automation, robotics, control systems, and sensor technologies to enhance productivity, precision, and efficiency.
To cater to the diverse needs of customers, a few others are focusing on offering customizable and flexible solutions. This involves designing machines that can accommodate a wide range of product sizes, materials, and production requirements, allowing customers to optimize their manufacturing processes.
To tap into new opportunities, leading firms are expanding their presence in different geographical regions within Europe. This involves setting up sales & distribution networks, establishing local manufacturing facilities, and strengthening relationships with customers to enhance market reach & responsiveness.
For instance,
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | US$ 3,475.3 million |
| Projected Market Valuation (2033) | US$ 5,288.9 million |
| Value-based CAGR (2023 to 2033) | 4.3% |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (US$ million) |
| Segments Covered | Automation, Material, Clamping Force, End Use, Country |
| Key Countries Covered | Germany, Spain, Russia, Italy, United Kingdom, France, BENELUX, Nordic, Poland, Rest of Europe |
| Key Companies Profiled | Haitian Plastic Machinery Group Co. Ltd.; Arburg GmbH; The Japan Steel Works, LTD.; Husky Injection Molding Systems Ltd.; Engel AUSTRIA GmbH; Chen Hsong Holdings Limited; Milacron; Sumitomo Heavy Industries, Ltd.; KraussMaffei Group; FANUC CORPORATION; Woojin Plaimm GmbH; Tederic |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The market is slated to attain US$ 3,475.3 million in 2023.
The market is expected to expand at a CAGR of 4.3% through 2033.
Germany with a market share of 26.9% holds a sizeable market share.
Hydraulic molding machines is gaining massive market traction.
FANUC CORPORATION, Woojin Plaimm GmbH, and Tederic are key companies.
1. Executive Summary
1.1. Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Sustainable Trends
3.3. Technological Trends
3.4. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
4.4. Go-to-market Strategies
5. Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2017 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Europe Average Pricing Analysis Benchmark
7. Market Demand (in Value or Size in US$ million) Analysis 2017 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ million) Analysis, 2017 to 2022
7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Europe Packaging Machinery Market Overview
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain
8.3.1. Exhaustive List of Component Suppliers
8.3.2. Exhaustive List of Injection Molding Machine Manufacturers
8.3.3. Exhaustive List of Brand Owners/ Customer Base
8.4. Case-based Scenario – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Supply Demand Analysis
8.6.1. Import /Export Analysis
9. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Automation
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume (Units) Analysis, By Automation, 2017 to 2022
9.3. Current and Future Market Size (US$ million) and Volume (Units) Analysis and Forecast, By Automation, 2023 to 2033
9.3.1. All-electric
9.3.2. Hydraulic
9.3.3. Hybrid
9.4. Market Attractiveness Analysis, By Automation
10. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Clamping Force
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume (Units) Analysis, By Clamping Force, 2017 to 2022
10.3. Current and Future Market Size (US$ million) and Volume (Units) Analysis and Forecast, By Clamping Force, 2023 to 2033
10.3.1. Between 1500 and 2000
10.3.2. Above 2000
10.4. Market Attractiveness Analysis, By Clamping Force
11. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume (Units) Analysis, By Material, 2017 to 2022
11.3. Current and Future Market Size (US$ million) and Volume (Units) Analysis and Forecast, By Material, 2023 to 2033
11.3.1. Plastic
11.3.2. Metal
11.3.3. Rubber
11.3.4. Ceramic
11.4. Market Attractiveness Analysis, By Material
12. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ million) and Volume (Units) Analysis, By End Use, 2017 to 2022
12.3. Current and Future Market Size (US$ million) and Volume (Units) Analysis and Forecast, By End Use, 2023 to 2033
12.3.1. Automotive
12.3.2. Packaging
12.3.3. Electronics
12.3.4. Healthcare
12.3.5. Consumer Goods
12.3.6. Building & Construction
12.4. Market Attractiveness Analysis, By End Use
13. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country
13.1. Introduction / Key Findings
13.2. Historical Market Size (US$ million) and Volume (Units) Analysis, By Country, 2017 to 2022
13.3. Current and Future Market Size (US$ million) and Volume (Units) Analysis and Forecast, By Country, 2023 to 2033
13.3.1. Germany
13.3.2. France
13.3.3. Spain
13.3.4. Italy
13.3.5. United Kingdom
13.3.6. BENELUX
13.3.7. Nordics
13.3.8. Poland
13.3.9. Hungary
13.3.10. Russia
13.3.11. Romania
13.3.12. Czech Republic
13.3.13. Rest of Europe
13.4. Market Attractiveness Analysis, By Country
14. Country wise Injection Molding Machine Market Analysis 2023 & 2033
14.1. Germany Injection Molding Machine Market Analysis
14.1.1. By Automation
14.1.2. By Clamping Force
14.1.3. By Automation
14.1.4. By End Use
14.2. United Kingdom Injection Molding Machine Market Analysis
14.2.1. By Automation
14.2.2. By Clamping Force
14.2.3. By Automation
14.2.4. By End Use
14.3. Spain Injection Molding Machine Market Analysis
14.3.1. By Automation
14.3.2. By Clamping Force
14.3.3. By Automation
14.3.4. By End Use
14.4. France Injection Molding Machine Market Analysis
14.4.1. By Automation
14.4.2. By Clamping Force
14.4.3. By Automation
14.4.4. By End Use
14.5. Russia Injection Molding Machine Market Analysis
14.5.1. By Automation
14.5.2. By Clamping Force
14.5.3. By Automation
14.5.4. By End Use
14.6. Italy Injection Molding Machine Market Analysis
14.6.1. By Automation
14.6.2. By Clamping Force
14.6.3. By Automation
14.6.4. By End Use
14.7. Poland Injection Molding Machine Market Analysis
14.7.1. By Automation
14.7.2. By Clamping Force
14.7.3. By Automation
14.7.4. By End Use
14.8. Hungary Injection Molding Machine Market Analysis
14.8.1. By Automation
14.8.2. By Clamping Force
14.8.3. By Automation
14.8.4. By End Use
14.9. Romania Countries Injection Molding Machine Market Analysis
14.9.1. By Automation
14.9.2. By Clamping Force
14.9.3. By Automation
14.9.4. By End Use
14.10. Czech Republic Injection Molding Machine Market Analysis
14.10.1. By Automation
14.10.2. By Clamping Force
14.10.3. By Automation
14.10.4. By End Use
15. Brand Share Analysis
15.1. Key End User Automotive Brands in the European Market
15.1.1. Volkswagen AG.
15.1.1.1. Product Portfolio
15.1.1.2. Market Share (%)
15.1.1.3. Regional Footprints
15.1.1.4. Key Market Developments (The same will be provided for all the companies)
15.1.2. Stellantis NV
15.1.3. Mercedes-Benz Group AG
15.1.4. Bayerische Motoren Werke AG
15.1.5. Renault SA
15.1.6. Daimler Truck Holding AG
15.1.7. AB Volvo
15.1.8. Dr. Ing. h.c. F. Porsche AG
15.1.9. Scania AB
15.1.10. Porsche Automobil Holding SE
*The above list is indicative in nature and is subject to change during the course of research
16. Market Structure Analysis
16.1. Market Analysis by Tier of Companies
16.2. Market Share Analysis of Top Players
16.3. Market Presence Analysis
17. Competition Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Competition Deep Dive (Europe based/ operating Key Market Players)
17.3.1. Haitian Plastic Machinery Group Co.Ltd
17.3.1.1. Overview
17.3.1.2. Product Portfolio
17.3.1.3. Profitability by Market Segments (Product/Channel/Region)
17.3.1.4. Sales Footprint
17.3.1.5. Strategy Overview
17.3.2. Arburg GmbH
17.3.2.1. Overview
17.3.2.2. Product Portfolio
17.3.2.3. Profitability by Market Segments (Product/Channel/Region)
17.3.2.4. Sales Footprint
17.3.2.5. Strategy Overview
17.3.3. The Japan Steel Works, LTD.
17.3.3.1. Overview
17.3.3.2. Product Portfolio
17.3.3.3. Profitability by Market Segments (Product/Channel/Region)
17.3.3.4. Sales Footprint
17.3.3.5. Strategy Overview
17.3.4. Husky Injection Molding Systems Ltd.
17.3.4.1. Overview
17.3.4.2. Product Portfolio
17.3.4.3. Profitability by Market Segments (Product/Channel/Region)
17.3.4.4. Sales Footprint
17.3.4.5. Strategy Overview
17.3.5. Engel AUSTRIA GmbH
17.3.5.1. Overview
17.3.5.2. Product Portfolio
17.3.5.3. Profitability by Market Segments (Product/Channel/Region)
17.3.5.4. Sales Footprint
17.3.5.5. Strategy Overview
17.3.6. Chen Hsong Holdings Limited
17.3.6.1. Overview
17.3.6.2. Product Portfolio
17.3.6.3. Profitability by Market Segments (Product/Channel/Region)
17.3.6.4. Sales Footprint
17.3.6.5. Strategy Overview
17.3.7. Milacron
17.3.7.1. Overview
17.3.7.2. Product Portfolio
17.3.7.3. Profitability by Market Segments (Product/Channel/Region)
17.3.7.4. Sales Footprint
17.3.7.5. Strategy Overview
17.3.8. Sumitomo Heavy Industries, Ltd.
17.3.8.1. Overview
17.3.8.2. Product Portfolio
17.3.8.3. Profitability by Market Segments (Product/Channel/Region)
17.3.8.4. Sales Footprint
17.3.8.5. Strategy Overview
17.3.9. KraussMaffei Group
17.3.9.1. Overview
17.3.9.2. Product Portfolio
17.3.9.3. Profitability by Market Segments (Product/Channel/Region)
17.3.9.4. Sales Footprint
17.3.9.5. Strategy Overview
17.3.10. FANUC CORPORATION
17.3.10.1. Overview
17.3.10.2. Product Portfolio
17.3.10.3. Profitability by Market Segments (Product/Channel/Region)
17.3.10.4. Sales Footprint
17.3.10.5. Strategy Overview
17.3.11. Woojin Plaimm GmbH
17.3.11.1. Overview
17.3.11.2. Product Portfolio
17.3.11.3. Profitability by Market Segments (Product/Channel/Region)
17.3.11.4. Sales Footprint
17.3.11.5. Strategy Overview
17.3.12. Tederic
17.3.12.1. Overview
17.3.12.2. Product Portfolio
17.3.12.3. Profitability by Market Segments (Product/Channel/Region)
17.3.12.4. Sales Footprint
17.3.12.5. Strategy Overview
*The above list is indicative in nature and is subject to change during the course of research
18. Assumptions and Acronyms Used
19. Research Methodology
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Europe Injection Molding Machines Market
