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Download Free sampleThe global Injection Molding Machine market was valued at 9508.32 Million USD in 2021 and will grow with a CAGR of 2.85% from 2021 to 2027, based on newly published report.
The prime objective of Injection Molding Machine Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Injection Molding Machine Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
An Injection molding machine, also known as an injection press, is a machine for manufacturing plastic products by the injection molding process. It consists of two main parts, an injection unit and a clamping unit. Machines are classified primarily by the type of driving systems: hydraulic, electric, or hybrid. Instead of being driven by a hydraulic system, all-electric machines use digitally controlled, high speed and highly efficient servo motors to drive the whole process. Each axis is controlled by an independent motor for injection, extruder, clamping and ejection. Haitian International, ENGEL Holding GmbH, KraussMaffei and other major manufacturers in this industry accounted for 13.64%, 12.71% and 9.73% of the revenue respectively. By region, China`s share of income in 2019 was the highest, at more than 36 percent.
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