India Injection Molding Machine Market Size & Outlook
India injection molding machine market, 2018-2030 (US$M)
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India injection molding machine market highlights
- The India injection molding machine market generated a revenue of USD 857.2 million in 2023 and is expected to reach USD 1,310.6 million by 2030.
- The India market is expected to grow at a CAGR of 6.3% 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 857.2 million |
| Market revenue in 2030 | USD 1,310.6 million |
| Growth rate | 6.3% (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, India accounted for 5.4% 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 Asia Pacific, China injection molding machine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,310.6 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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India 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 75.09% in 2023. Horizon Databook has segmented the India injection molding machine market based on plastics, metals, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare sector in India is expected to grow significantly owing to several factors, including increasing population, rising disposable incomes, increasing access to insurance, greater health awareness, and increasing expenditure by public and private players in the industry.
Moreover, the rising prevalence of obesity has increased the instances of chronic illnesses such as heart disease and diabetes, which further require various healthcare treatments and services. This is anticipated to benefit the growth of medical products, thereby driving the demand for injection molding machines in the country.
The growth of the packaging industry in the country is projected to have a positive impact on the injection molding machine market over the forecast period.
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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 India injection molding machine market , including forecasts for subscribers. This country databook contains high-level insights into India injection molding machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India injection molding machine market size, by material, 2018-2030 (US$M)
India Injection Molding Machine Market Outlook Share, 2023 & 2030 (US$M)
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