The latest research results of injection moulding machine industry and its future development trend

With the continuous development of the global manufacturing industry, the injection moulding machine industry, as an important part of it, also continues to carry out technological innovation and market expansion. Based on the latest research results, this article will discuss the current situation, technical progress and future development trend of injection moulding machine industry.
First, the injection moulding machine industry overview
Injection moulding machine is a thermoplastic or thermosetting plastic through the mould to make various shapes of plastic products of the main equipment. According to different classification standards, injection moulding machines can be divided into various types, such as hydraulic, electrical, electro-hydraulic hybrid and so on. The workflow of the injection moulding machine mainly includes the stages of plasticising, mould closing, injection, pressure holding, cooling plasticising and product removal.
Second, the latest research results of the injection moulding machine industry
In recent years, injection moulding machine technology has made significant progress in large-scale, electrification and intelligence. Large-scale injection moulding machines can meet the production needs of large-scale plastic products, electric injection moulding machines are excellent in energy saving and precision, and the application of intelligent technology makes the operation of injection moulding machines more convenient, and the production efficiency is greatly improved. According to the 'China Injection Moulding Machine Industry Market Research Report 2024 Edition' published by Wisdom Research Consulting, the global injection moulding machine market is expected to grow from $99.4 billion in 2020 to $141.4 billion in 2028 at a CAGR of 4.5%. The Chinese market has also shown strong growth during this period, with the market size of China's injection moulding machine industry at $23.3 billion in 2019, and is expected to reach $28 billion in 2022. The industrial chain of the injection moulding machine industry includes upstream raw material supply (e.g., castings, pig iron, hydraulic parts, and electrical parts, etc.), midstream manufacturing, and downstream application scenarios (e.g., automotive, home appliances, packaging and beverages, etc.). In recent years, China's injection moulding machine industry chain has been gradually improved, with sufficient supply of upstream raw materials and expanding downstream application areas, which provides strong support for the development of the injection moulding machine industry.
Third, the future development trend of injection moulding machine industry
Although the high-end injection moulding machine market is still mainly occupied by European and Japanese enterprises, Chinese enterprises are constantly narrowing the gap, through technological progress and industrial upgrading, domestic injection moulding machine enterprises such as Haitian International, IZP, etc. are gradually expanding the high-end market and realizing domestic substitution. With the rise of new energy vehicles, automotive lightweight trend is obvious, injection moulding machine in the production of automotive parts are more and more widely used, for the injection moulding machine industry has brought a new growth point. The future injection moulding machine will pay more attention to the development direction of intelligence, automation and environmental protection and energy saving. Intelligent technology will further improve production efficiency, and environmental protection and energy saving technology will help reduce production costs and environmental pollution.
The injection moulding machine industry is ushering in new development opportunities driven by technological progress and market demand. China's injection moulding machine enterprises should seize the opportunity to strengthen technological research and development and market expansion, and continuously improve international competitiveness, to achieve the transformation from a large injection moulding machine production country to a strong country.