Taiwan Injection Molding Machine Market Size & Outlook
Taiwan injection molding machine market, 2018-2030 (US$M)
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Taiwan injection molding machine market highlights
- The Taiwan injection molding machine market generated a revenue of USD 426.3 million in 2023 and is expected to reach USD 616.5 million by 2030.
- The Taiwan market is expected to grow at a CAGR of 5.4% 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 426.3 million |
| Market revenue in 2030 | USD 616.5 million |
| Growth rate | 5.4% (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, Taiwan accounted for 2.7% 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 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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Taiwan 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 80.39% in 2023. Horizon Databook has segmented the Taiwan injection molding machine market based on plastics, metals, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
The country’s automotive sector benefits from a variety of variables, including the availability of labor, research & development activities, geographic advantage, and government assistance in terms of automotive production. Increasing research & development activities and investments in this sector have fueled the demand for components made by injection molding machines.
The Taiwanese government's efforts to boost semiconductor production in the country are anticipated to drive the demand for injection molding machines in the coming years. For instance, in July 2023, the Government of Taiwan introduced new legislation allowing local chip companies to convert up to 25% of their annual R&D expenses into tax credits.
This legislation aims to secure advanced semiconductor technologies domestically, fostering demand for injection molding machines essential for producing components used in semiconductor, thereby sustaining Taiwan's position as a global technology leader in the injection molding machine market.
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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 Taiwan injection molding machine market , including forecasts for subscribers. This country databook contains high-level insights into Taiwan injection molding machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Taiwan injection molding machine market size, by material, 2018-2030 (US$M)
Taiwan Injection Molding Machine Market Outlook Share, 2023 & 2030 (US$M)
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