European injection molding machine industry forecast a $5.2 billion by 2033

Pune, India – The Europe Injection Molding Machines Industry is poised for significant growth, with a projected compound annual growth rate (CAGR) of 4.3% expected during the period spanning from 2023 to 2033 according to Future Market Insights. Over this timeframe, the market’s size is anticipated to undergo substantial expansion, increasing from an estimated US$ 3,475.3 million in 2023 to a projected US$ 5,288.9 million by 2033. Notably, the market achieved a valuation of US$ 3,339.4 million at the conclusion of 2022, and it is predicted to exhibit year-on-year (y-o-y) growth of 4.1% in the year 2023.

Injection molding machines hold a pivotal position in several sectors, primarily contributing to the efficient and cost-effective production of superior-quality plastic components and products. The increasing demand for consumer goods, combined with ongoing technological advancements, has led to a substantial uptick in the necessity for injection molding machines.

Across Europe, sustainability and environmental concerns have ascended to the forefront of industrial priorities. Injection molding machines are gaining prominence as they offer a spectrum of eco-friendly advantages when compared to alternative manufacturing processes. This alignment with sustainability goals and environmental priorities reinforces the appeal and relevance of injection molding machines in the European manufacturing landscape.

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
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 make them the ideal choice for manufacturers. As a result, the hydraulic segment is anticipated to gain a market share of around 44% in 2023.