Report Scope & Overview:
Micro Injection Molding Machine Market Size was esteemed at USD 372 million out of 2021 and is supposed to arrive at USD 748.3 million by 2028, and develop at a CAGR of 10.5% over the forecast period 2022-2028.
Micro-molding is a committed assembling and creation process which yields uncommon accuracy in little parts and parts which 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.
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.
Development in the car area powering interest for miniature infusion shaping machine.
The shift towards nanotechnology and scaling down in the clinical business.
High introductory and support expenses of machines.
Rising pattern of electric vehicles to increment interest for microinjection molds.
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.
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.
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
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.
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.
|Market Size in 2021||US$ 372 Million|
|Market Size by 2028||US$ 748.3 Million|
|CAGR||CAGR of 10.5% From 2021 to 2028|
|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 (FAQ) :
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 base year calculated in the Micro Injection Molding Machine Market report is 2021.
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 Global Micro Injection Molding Machine Market Size is supposed to arrive at USD 748.3 million by 2028, and develop at a CAGR of 10.5% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Covid 19 Impact Analysis
4.2 Impact of the Ukraine and Russia war
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
9.3 Fiber Optics
10. Global Micro Injection Molding Machine Market, by region/ country
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company profiles
11.1 Arburg GmbH + Co KG
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 Haitian International Holdings Limited
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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining 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 universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.