Canada Injection Molding Machine Market Size & Outlook
Canada injection molding machine market, 2018-2030 (US$M)
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Canada injection molding machine market highlights
- The Canada injection molding machine market generated a revenue of USD 904.0 million in 2023 and is expected to reach USD 1,200.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, plastics was the largest revenue generating material in 2023.
- Plastics is the most lucrative material segment registering the fastest growth during the forecast period.
Injection molding machine market data book summary
| Market revenue in 2023 | USD 904.0 million |
| Market revenue in 2030 | USD 1,200.5 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Plastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Metals, Other Materials |
| Key market players worldwide | Arburg, Haitian International Holdings Ltd, Milacron India, Sumitomo Corp, Chen Hsong Holdings Ltd, Husky Injection Molding Systems, The Japan Steel Works Ltd, Ube Corp, WITTMANN, Shibaura Machine Co Ltd, Nissei Plastic Industrial, ENGEL AUSTRIA GmbH, Toyo Machinery & Metal, KraussMaffei |
Other key industry trends
- In terms of revenue, Canada accounted for 5.7% of the global injection molding machine market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. injection molding machine market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 545.2 million by 2030.
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Injection Molding Machine Market Scope
Injection Molding Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada injection molding machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to injection molding machine market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 77.54% in 2023. Horizon Databook has segmented the Canada injection molding machine market based on plastics, metals, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
This indicates that completed housing projects have risen from 50,928 units in the first quarter of 2022 to 56,690 units in the fourth quarter of 2022, thereby reflecting an 11% growth in housing construction activities in the country in the same year.
The construction industry in Canada is expected to witness growth in the coming years, primarily due to its increasing population, ongoing urbanization, and surging immigration rate. Moreover, the efforts made by the government of the country to enhance its residential and public infrastructures are expected to complement the growth of the construction industry in Canada.
For instance, in April 2024 Federal Government announced plans to lease public lands to boost the construction of new housing projects. By 2031, the government has set a goal to construct almost 3.9 million homes by 2031. This, in turn, is anticipated to fuel the demand for injection molded components from the construction industry of the country.
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Our clientele includes a mix of injection molding machine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada injection molding machine market , including forecasts for subscribers. This country databook contains high-level insights into Canada injection molding machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada injection molding machine market size, by material, 2018-2030 (US$M)
Canada Injection Molding Machine Market Outlook Share, 2023 & 2030 (US$M)
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