Injection Moulding Solutions Market: Introduction
Invention of plastic drastically changed the way the global consumer lived, before it. The worldwide rapid penetration of plastic products led to the invention of sophisticated high-end plastic moulding technologies. Injection moulding is the method by which almost all plastic products and parts are manufactured, which vary greatly by size, shape and application. Generally the injection moulding process requires injection moulding machine, plastic raw material and a mold. Low cost, flexibility in production, lightweight and high durability are the factors drove the rapid plastic penetration into almost all the applications and end-use industries. The injection moulding solutions market is expected to witness the lucrative growth rate in coming years. The higher demand for plastic products from increasing applications influences the growth of injection moulding solutions market. This market has stakeholders such as injection moulding machine designers and manufacturers, consultants and injection moulding service providers.
Injection Moulding Solutions: Market Dynamics
Injection moulding machine manufactures dominate the overall injection moulding solutions market. Injection moulding solutions market has both organized machine manufacturers as well as unorganized machine manufacturers. The growing demand for plastic products and increasing applications of plastic is stimulating the growth of demand for injection moulding machines. As the processes getting complex and higher need for improving the manufacturing processes and technologies the injection moulding consultancy services market is also growing. Over the years the growing demand from end users of high-end products like aircrafts, automobiles, medical devices, pharmaceutical and building and construction are influencing the demand for injection moulding consultancy service providers. The market entry of new injection moulding consultancy service providers has grown in last few years. This trend can be largely found in U.S, Germany, Italy, France, U.K, China, Japan and Korea. The need to improvement of manufacturing processes or methods to increase the throughput and efficiency is greatly driving this market. The higher completion between injection moulding service providers is the major influencing factor behind this. Even end-use industries also in the greater need of sophisticated injection moulding processes or technologies, which can enhance their production efficiency and improve the quality of end products.
Injection Moulding Solutions: Market Segmentation
The global injection moulding solutions market is segmented on the injection moulding machine type, consultancy services, and end use industries. On the basis of end-use, the global injection moulding solutions market is segmented into aerospace, automotive & mechanical, electronics & semiconductor, medical devices, pharmaceutical, food & beverages, agricultural products, Chemicals, building & construction and others. On the basis of injection moulding machine type, the global injection moulding solutions market is segmented into hydraulic, all-electric, and hybrid. On the basis of consultancy services the global injection moulding solutions market is segmented into design and development, manufacturing, marketing & distribution, and others. Automobile & mechanical and Medical devices end-use segments are expected to grow at a healthy CAGR over forecast period. By machine all electric type machines are expected to dominate the overall market.
Injection Moulding Solutions Market: Regional outlook
Injection moulding solutions market has been segmented on the basis of region into North America, Latin America Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Injection moulding solutions market in APEJ is expected to be the fastest growing market due to high demand from end use industries and increasing applications. Western Europe is expected to be the dominating region by injection moulding machine manufactures.
Injection Moulding Solutions Market: Key players
Some of the players in the global Injection Moulding Solutions market are Boy Machines Inc., Engel Machinery, Inc., Fortune International Inc., Injection Molding Div., Negri Bossi North America, Wittmann Battenfeld, Inc., Toshiba Machine Co., America, Tederic North America Machinery, Inc., Siemens Process Industries and Drives, Rockwell Automation, Inc., ARBURG, Sumitomo (SHI) Demag Plastics Machinery GmbH, MF Maschinenfabrik GmbH, Dymotek, ELECTRONICA PLASTIC MACHINES LIMITED, H.K. Industries, Windsor Machines ltd., Santec Exim Pvt Ltd. and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.