The Injection Molding Machine Global Market Report 2023, provides comprehensive information on the injection molding machine market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Injection Molding Machine Global Market Report 2023, the market size is expected to grow from $12.38 billion in 2022 to $13.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global injection molding machine market size is expected to reach $16.12 billion in 2027 at a CAGR of 5.2%.
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The injection molding machine market is currently experiencing a pronounced upswing in the integration of technological advancements, signifying a pivotal trend that characterizes the dynamic landscape of this industry. Prominent entities within the injection molding machine market are strategically incorporating novel technologies into their operational frameworks to fortify and elevate their market positions. A compelling illustration of this forward-thinking paradigm unfolded in April 2022 when LS Mtron Ltd., a distinguished South Korea-based manufacturer specializing in medical products, unveiled its cutting-edge artificial intelligence (AI)-based smart injection molding system.
This state-of-the-art system is distinguished by two groundbreaking technological features—’AI Molding Assistant’ and ‘Smart Weight Control.’ The AI Molding Assistant stands as a testament to LS Mtron Ltd.’s commitment to efficiency, facilitating a reduction in time and ensuring the stabilization of the initial molding setup process. This innovative feature harnesses the power of artificial intelligence to streamline and optimize the intricate steps involved in the molding setup, thereby enhancing overall operational efficiency.
Simultaneously, the ‘Smart Weight Control’ feature integrated into the software of the injection molding machine represents a leap forward in precision and quality control. This intelligent component of the system plays a pivotal role in the real-time detection of weight changes in the molded products. By leveraging sophisticated algorithms and real-time monitoring capabilities, it contributes to the maintenance of consistent product quality and adherence to precise weight specifications.
LS Mtron Ltd.’s introduction of this AI-based smart injection molding system is emblematic of a broader industry trend where companies are proactively embracing transformative technologies to stay ahead in a competitive market landscape. The amalgamation of artificial intelligence into injection molding processes not only enhances operational efficiency but also underscores the industry’s commitment to quality control and precision manufacturing. As the injection molding machine sector continues to evolve, innovations like the AI-based smart injection molding system by LS Mtron Ltd. are poised to play a pivotal role in shaping the future of manufacturing technologies.
The injection molding machine market is segmented:
1) By Technology: Hydraulic, Electric, Hybrid
2) By Clamping Force: Less Than 200 Tons Force, 200-500 Tons Force, More Than 200-500 Tons Force
3) By Material: Plastic, Rubber, Metal, Ceramic, Other Materials
4) By Pressure Type: Low Pressure, High Pressure
5) By Application: Automotive, Packaging, Healthcare, Consumer Goods, Toy Making, Building And Construction, Home Appliances, Other Applications
Asia-Pacific was the largest region in the injection molding machine market in 2022.
The table of contents in TBRC’s injection molding machine market report includes:
1. Executive Summary
2. Isolation Valves Market Characteristics
3. Isolation Valves Market Trends And Strategies
4. Isolation Valves Market – Macro Economic Scenario
5. Isolation Valves Market Size And Growth
…
27. Isolation Valves Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Isolation Valves Market
29. Isolation Valves Market Future Outlook and Potential Analysis
30. Appendix
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