North America Injection Molding Machine Market Size & Outlook
North America injection molding machine market, 2018-2030 (US$M)
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North America injection molding machine market highlights
- The North America injection molding machine market generated a revenue of USD 3,270.6 million in 2023.
- The 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 3,270.6 million |
| Market revenue in 2030 | USD 4,327.3 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Plastics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 20.5% of the global injection molding machine market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,970.2 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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North America 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 77.27% in 2023. Horizon Databook has segmented the North America injection molding machine market based on plastics, metals, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of North America is the largest and the most influential globally, owing to the ongoing industrial dynamics and commodity abundance in its countries. North America is characterized by the presence of well-established automobile manufacturers such as General Motors Company, Tesla, Nissan, and Ford and suitable infrastructures for producing electric vehicles.
The high disposable income of the masses in the region is expected to fuel the demand for the electric vehicle market in North America over the forecast period. The rising demand for automobiles is expected to increase the demand for lightweight components, thereby driving the growth of the injection molding machine market.
Injection molding machines are pivotal in the automotive industry for efficiently producing intricate plastic components like dashboards, bumpers, and interior trims, ensuring precise, durable, and cost-effective manufacturing solutions.
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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 continent-level data and insights on the North America injection molding machine market , including forecasts for subscribers. This continent databook contains high-level insights into North America injection molding machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America injection molding machine market size, by country, 2018-2030 (US$M)
North America Injection Molding Machine Market Outlook Share, 2023 & 2030 (US$M)
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