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Micro Injection Molding Machine Market Report Scope & Overview:

The Micro Injection Molding Machine Market Size was esteemed at USD 454.61 million in 2023 and is supposed to arrive at USD 1017.85 million by 2031 and develop at a CAGR of 10.6% over the forecast period 2024-2031.

Micro-molding is a committed assembling and creation process which yields uncommon accuracy in little parts and parts that have micron resistances. The interaction begins with making a form that has a cavity like the state of the ideal part. Different kinds of molds, for example, pitch or thermoplastics are infused at a high velocity into the hole to exactly make the part or part. Micro-molding forming is broadly utilized in clinical gadgets, medical care gadgets, inserts, careful instruments, different auto parts, electronic parts, little machine parts, and different businesses.

Micro Injection Molding Machine Market Revenue Analysis

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PE, or thermoplastic polyethylene, is used in explicitly in the medical services area, in the Micro Molding process. Micro-molding formed parts fabricated from PE and miniature instrumentation are utilized by specialists and specialists to lead less meddlesome medicines and to give patients speedy recuperation. Because of little and high-accuracy gadgets, makers participate in advancement, and R&D to increment negligibly obtrusive gadget plans and lower the size of the various parts by means of micro shaping, which is projected to drive interest during the projection time frame.

Expanded use in the auto business of micro-shaped accuracy parts further drives the market. A wide assortment of kinds of high-accuracy plastic miniature parts are used in vehicles, for example, internal buttons, switches, clasps and washers, entryway locking parts of micron resistance, electrical particular stuff, and electrical engine parts.

Micro injection molding machines will be machines utilized for the production of plastic parts for shot loads of 1 to 0.1 grams with resistances in the scope of 10 to 100 microns. This embellishment cycle allows the production of convoluted little calculations with the most extreme conceivable exactness and accuracy. Part size is a conspicuous figure deciding micro molding. Micro molding delivers a part or part that is: micro in size, micro in features, micro in resistances. The essential idea of the miniature infusion forming process is very like the regular injection molding process. The microinjection unit is incorporated into the injection molding machine.

Market Dynamics

Driving Factors

  • Development in the car area powering interest for miniature infusion shaping machine.

  • The shift towards nanotechnology and scaling down in the clinical business.

Restraining Factors

  • High introductory and support expenses of machines.

Opportunities

  • Rising pattern of electric vehicles to increment interest for microinjection molds.

Challenges

  • High support cost.

Impact of Covid-19

The worldwide pandemic has impacted pretty much every area on the planet. Coronavirus has presented many difficulties for the auto area. The US, Germany, the UK, Italy, South Korea, Spain, and Japan are among the unfavorably impacted major industrialized economies. Thusly, over 90% of auto and related organizations report that COVID-19 will straightforwardly affect their 2020 deals incomes. At present, the auto producers are confronting a semiconductor lack by and large. This is mostly because of the bounce back of interest for traveler vehicles in 2021. the semiconductor chips are chiefly utilized for capabilities going from touchscreen showcases to impact evasion frameworks. Be that as it may, there is a lack in supply as chip makers are now dedicated to providing their huge clients with purchaser hardware and IT.

Market Estimations

By Type

The 30 to 40 tons clamping force portion is the biggest sort of micro injection molding machine for the micro injection molding machine market in 2020. The interest for micro molded plastic parts in the car, hardware, and clinical applications is driving the interest for micro injection molding machines with clipping force of 30 to 40 tons.

By Application

Medical is assessed to be the biggest use of micro injection molding machine market somewhere in the range of 2022 and 2028. The mechanical progression in the medical business is filling the utilization of miniature parts in its clinical cycles to upgrade the general strategy with improved results for their patients. Concentrated R&D is further expanding the interest for clinical miniature parts, subsequently, expanding the interest for micro injection molding machines in clinical applications.

Key Market Segmentation

By Type

  • 0-10 tons,

  • 10-30 tons

  • 30-40 tons

By application

  • Medical

  • Automotive

  • Fiber Optics

  • Electronics

  • Others

Micro Injection Molding Machine Market Segmentation Analysis

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Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Europe is the second-biggest buyer of miniature infusion shaping machines, worldwide, regarding esteem, in 2022. Germany, France, and the UK are key nations thought about in the European district. Expanded buyer spending and commodities drive the area's economy. Europe has an advanced auto area. It is one of the biggest makers of business vehicles and has areas of strength for a section’s industry too. It offers an optimal planned operations stage for organizations to product to global business sectors. Europe is a significant market for Japanese and US vehicle makers hoping to reinforce their situation in Europe. Macroeconomic factors like the recuperation of the economy, rising homegrown interest, and an expansion in buyer spending and products are supposed to drive the monetary development of Spain.

Key Players

The Key Players are Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron, Nissei Plastic Industrial Co., Limited, Engel Austria GmbH, Sumitomo (SHI) Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited, Toyo Machinery & Metal Co. and Other Players

Haitian International Holdings Limited-Company Financial Analysis

Micro Injection Molding Machine Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 454.61 Million
Market Size by 2031 US$ 1017.85 Million
CAGR CAGR of 10.6% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (0-10 tons, 10-30 tons, and 30-40 tons)
• By Application (Medical, Automotive, Fiber Optics, Electronics)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron, Nissei Plastic Industrial Co., Limited, Engel Austria GmbH, Sumitomo (SHI) Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited, Toyo Machinery & Metal Co.
DRIVERS • Development in the car area powering interest for miniature infusion shaping machine.
• The shift towards nanotechnology and scaling down in the clinical business.
RESTRAINTS • High introductory and support expenses of machines.

Frequently Asked Questions

Ans: High introductory and support expenses of machines and High support cost are the restraints/challenges faced by the Micro Injection Molding Machine Market.

Ans: The Micro Injection Molding Machine Market size was valued at USD 411.06 million in 2022.

Ans: Companies covered in Micro Injection Molding Machine Market are Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron, Nissei Plastic Industrial Co., Limited, Engel Austria GmbH, Sumitomo (SHI) Demag Plastics Machinery GmbH, Chen Hsong Holdings Limited, Toyo Machinery & Metal Co.

 Ans: Europe holds the most extreme portion of the overall industry of the Micro Injection Molding Machine Market.

Ans: The Micro Injection Molding Machine Market is to grow at a CAGR of 10.5% From 2023 to 2030.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers          

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia War

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value chain analysis

6. Porter’s 5 forces model

7. PEST analysis

8. Global Micro Injection Molding Machine, By Type

8.1 0-10 tons,

8.2 10-30 tons

8.3 30-40 tons

9. Global Micro Injection Molding Machine Market segmentation, By application

9.1 Medical

9.2 Automotive

9.3 Fiber Optics

9.4 Electronics

9.5 Others

10. Global Micro Injection Molding Machine Market, by region/ country

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

11. Company profiles

11.1 Arburg GmbH + Co KG

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 Swot Analysis

11.1.4 The SNS View

11.2 Haitian International Holdings Limited

11.3 Milacron

11.4 Nissei Plastic Industrial Co., Limited

11.5 Engel Austria GmbH

11.6 Sumitomo (SHI) Demag Plastics Machinery GmbH

11.7 Chen Hsong Holdings Limited

11.8 Toyo Machinery & Metal Co.

12. Competitive Landscape

12.1 Competitive Bench Marking

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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Primary Research

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Data Bank Validation

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