Annual Growth of 9.8% in the Micro Injection Molding Machine Market

The market for Micro Injection Molding Machines is expanding rapidly due to the increasing demand in various sectors such as the automotive and medical industries.

According to predictions, the market for micro injection molding machines will grow from $381 million in 2021 to $609 million by 2026, with a compound annual growth rate (CAGR) of 9.8%.

Published by employees on March 13th, 2023.

According to a MarketsandMarkets report, the Micro Injection Molding Machine Market is estimated to reach $609 million by 2026, with a Compound Annual Growth Rate (CAGR) of 9.8% compared to 2021 when it was worth $381 million.

Small and intricate plastic components can be manufactured with the use of micro injection molding machines. The shot weights that can be achieved with these machines range from 1 to 0.1 grams, with extreme precision of 10 to 100 microns. This type of molding allows for the creation of complex geometries that require high levels of accuracy with minimal error.

The practice of micro molding creates small components or parts that possess not only minute size, but also intricate features and precise tolerances. Despite this, the fundamental idea behind micro injection molding is comparable to that of regular injection molding since the micro injection unit is merged with the injection molding machine.

Dominant figures in the industry consist of...

The increasing popularity of electric vehicles will lead to a surge in demand for micro injection molds.

The robust standing of the car industry is a crucial element boosting the market for micro injection molding machines. The manufacturing of electric vehicles involves several electronic elements, including an all-electric auxiliary, electric traction motor, traction battery pack, electric transmission, power electronics controller, and DC converter. These miniature electronic parts contain numerous micro constituents that play a vital role in the process of vehicle production and assembly. Such parts are extremely minute and intricate, thus making them considerably challenging to fabricate.

As the electric vehicle industry continues to expand, there is a greater need for micro injection molded items than traditional gas-powered cars. This surge in demand for electric vehicles should have a beneficial effect on the market's expansion.

The 30 to 40 ton clamping force segment predicts as the rapidly developing kind in this market.

The need for small plastic parts created through micro injection molding machines is increasing in the automotive, electronics, and medical industries. This has resulted in a higher demand for machines with a clamping force of 30 to 40 tons. Nevertheless, during the projected period, machines with a clamping force of 0 to 10 tons are expected to grow at the highest rate of compound annual growth.

The growing trend of nanotechnology across various industries like healthcare, automobile, optical fibers, electronics, and more is creating a demand for smaller components that require high levels of accuracy.

The micro injection molding machine market is expected to experience its fastest growth in the Asia Pacific (APAC) region, where China stands as the biggest market. The region's rapid growth in manufacturing facilities and other commercial ventures has led to a rising demand for micro injection molding machines, and this trend is expected to continue. In addition to the demand for new products and technology, the increasing population in the region is set to have a significant impact on the automotive and electronics industries. This makes the APAC region a promising market for micro injection molding machines.

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