Saudi Arabia Injection Molding Machine Market Size & Outlook
Saudi Arabia injection molding machine market, 2018-2030 (US$M)
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Saudi Arabia injection molding machine market highlights
- The Saudi Arabia injection molding machine market generated a revenue of USD 377.5 million in 2023 and is expected to reach USD 525.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.8% 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 377.5 million |
| Market revenue in 2030 | USD 525.9 million |
| Growth rate | 4.8% (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, Saudi Arabia accounted for 2.4% 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 Middle East & Africa, Saudi Arabia injection molding machine market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 255.5 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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Saudi Arabia 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 77.01% in 2023. Horizon Databook has segmented the Saudi Arabia injection molding machine market based on plastics, metals, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
To improve the healthcare facilities in the country, the Saudi Arabian government has been investing in the country’s healthcare sector. According to the data published by the International Trade Administration in January 2024, the Saudi Arabian government allocated USD 50.4 billion in 2023 to healthcare and social development, which accounted for 16.9% of the total government spending in 2023, including the construction of new hospitals and clinics.
In addition to that, to address the growing number of noncommunicable diseases and improve healthcare facilities, the Ministry of Health (MOH) in Saudi Arabia is set to launch 21 health clusters across the country. These clusters are expected to be a network of healthcare providers, serving about a million individuals to offer integrated and preventive care.
With the establishment of health clusters, the demand for medical equipment used in healthcare facilities is expected to increase in the coming years. The injection molding machine is used to produce a wide array of other medical devices and components such as catheters, blood collection tubes, vials, inhalers, implantable devices, diagnostic equipment casings, and various types of laboratory consumables.
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Target buyers of Saudi Arabia injection molding machine market databook
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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 Saudi Arabia injection molding machine market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia injection molding machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia injection molding machine market size, by material, 2018-2030 (US$M)
Saudi Arabia Injection Molding Machine Market Outlook Share, 2023 & 2030 (US$M)
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