U.S. Injection Molding Machine Market Size & Outlook
U.S. injection molding machine market, 2018-2030 (US$M)
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U.S. injection molding machine market highlights
- The U.S. injection molding machine market generated a revenue of USD 1,981.0 million in 2023 and is expected to reach USD 2,581.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.9% 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 1,981.0 million |
| Market revenue in 2030 | USD 2,581.6 million |
| Growth rate | 3.9% (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, U.S. accounted for 12.4% 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 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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U.S. 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 77.52% in 2023. Horizon Databook has segmented the U.S. injection molding machine market based on plastics, metals, other materials covering the revenue growth of each sub-segment from 2018 to 2030.
The rising demand for packaged products in the U.S., owing to the increased purchasing power and the busy lifestyle of consumers, is expected to have a positive impact on the growth of the packaging industry in the country.
Injection molding machines are used for manufacturing various packaging products such as containers, bottles, caps & closures, and covers. For instance, in November 2023, Drink PAK announced an expansion of the business with an investment of USD 450 million in two manufacturing facilities in Texas, U.S.
One of the two facilities is expected to open in November 2024 with manufacturing and packing capabilities for energy drinks, soda, water, beer, wine, and other beverages in most can sizes and formats.
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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 U.S. injection molding machine market , including forecasts for subscribers. This country databook contains high-level insights into U.S. injection molding machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. injection molding machine market size, by material, 2018-2030 (US$M)
U.S. Injection Molding Machine Market Outlook Share, 2023 & 2030 (US$M)
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