Global Plastic Injection Moulding Machines (PIMMs) Market: Impact Analysis of COVID-19 (2020-2024)
Primarily, there are three main types of machines i.e., hydraulic injection moulding machines, electronic injection moulding machines and hybrid injection moulding machines.
By: Daedal Research
Moreover, the report also evaluates the major opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall global plastic injection moulding machines (PIMMs) has also been forecasted for the years 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current & future trends.
Some of the major players operating in global plastic injection moulding machines (PIMMs) market are Sumitomo Heavy Industries, Ltd., Hillenbrand Inc. (Milacron Holdings Corp.), Haitian International Holdings Limited and ARBURG Holding GmbH + Co. KG (Arburg), whose company profiling has been done in the report. Furthermore, in this segment of the report, business overview, financial overview and business strategies of the respective companies are also provided.
Sumitomo Heavy Industries, Ltd.
Hillenbrand Inc. (Milacron Holdings Corp.)
Haitian International Holdings Limited
ARBURG Holding GmbH + Co. KG (Arburg)
The global plastic injection moulding machines (PIMMs) market has observed progressive growth in the past few years and it is expected that during the forecasted period (2020-2024) the market would further augment at an escalating growth rate. The global plastic injection moulding machines (PIMMs) market growth is anticipated to be supported by numerous growth drivers such as rising urban population, surging food packaging industry, escalating medical devices demand, growing electronic component manufacturing, augmenting automotive industry and many other factors.
Though, the growth of global plastic injection moulding machines (PIMMs) market would be negatively impacted by various challenges. Some of the foremost challenges faced by the market are regulatory obligations and micro sized plastic parts. Moreover, there are some trends that would support the market during the forecasted period are, 3D printing technology, evolution of bio-plastic and industrial automation.
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