Africa Injection Molding Machine Market by Product Type (Plastic, Rubber, Metal, Ceramic, and Others), by Machine Type (Hydraulic, All-electric, and Hybrid), by Clamping Force (Below 200 Tons, 200–500 Tons, and Above 500 Tons), by Business Type (New Sales and Aftersales), by End-User (Automotive, Packaging, Electronics, Healthcare, Consumer Goods, Toy Making, Building and Construction, Home Appliances, and Others) – Global Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Semiconductor & Electronics | Publish Date: 18-Mar-2024 | No of Pages: 88 | No. of Tables: 152 | No. of Figures: 117 | Format: PDF | Report Code : N/A
Market Definition
Africa Injection Molding Machine Market size was valued at USD 116.41 million in 2023, and is predicted to reach USD 186.31 million by 2030, with a CAGR of 6.6% from 2024 to 2030.
An injection molding machine, also referred to as an injection molder, is a sophisticated industrial apparatus designed for the precise and controlled injection of molten plastic material into a mold cavity. It melts the plastic resin and forces it into a mold under high pressure. Injection molding machines are essential tools for producing various plastic parts and products across various sectors, including automotive, consumer goods, electronics, medical devices, and others.
Demand for Lightweight and Durable Materials in the Automotive Industry Fuels Market Growth
The Injection Molding market in Africa is significantly propelled by growth in demand for lightweight and durable materials in the automotive industry. As automotive manufacturers strive to enhance fuel efficiency and reduce emissions, they are increasingly turning to injection molding technology to produce detailed and lightweight components. This trend has pushed the adoption of injection molding in the automotive sector, with a noteworthy increase in the production of plastic parts for vehicles.
Rising Demand in the Packaging and Construction Industry is Boosting the Market Growth
The packaging industry's evolution in South Africa, driven by changing consumer preferences and lifestyles, plays a pivotal role in the market's expansion. The rising demand for convenience foods and packaged goods has led to a heightened requirement for innovative and cost-effective packaging solutions. Injection molding has emerged as a versatile method for producing packaging materials that meet these demands, contributing to the sector's growth.
In Nigeria, the injection molding machine market is primarily fueled by the surge in construction and infrastructure projects across the nation. The construction industry's robust growth has led to an increased need for various plastic products, including pipes, fittings, and other construction-related components. Injection molding technology's ability to produce these items efficiently and cost-effectively has positioned it as a vital driver of the market's expansion.
Emergence of Alternative Manufacturing Technologies Hinders the Market Growth
Emergence of alternative manufacturing technologies, such as 3D printing and additive manufacturing also restrains growth of the injection molding machines market. These innovative methods offer unique advantages that are drawing attention away from conventional injection molding. Industries that prioritize customization, rapid prototyping, and waste reduction are increasingly turning to 3D printing and additive manufacturing.
This diversion of demand impacts the injection molding machines market, particularly in sectors where these alternatives better suit the production requirements. As a result, injection molding machine manufacturers face the challenge of adapting to changing market dynamics and finding ways to remain competitive, as manufacturing technologies continue to evolve.
Customized Products from Diverse Industries Offer a Prime Opportunity for Growth and Innovation
The rise in demand for customization and personalized products is expected to create ample growth opportunities for the market in the future. This trend is becoming evident across various industries, ranging from consumer goods to electronics. Injection molding machines are at the forefront of catering to this trend.
Machines that possess the ability to quickly switch between different molds and efficiently produce small batches play a pivotal role in enabling manufacturers to respond to this demand for customization. These machines empower manufacturers to produce items that are tailor-made to suit specific requirements and preferences. Whether it's creating custom-designed consumer goods or producing electronics with unique features, injection molding machines equipped for such versatility are crucial for fulfilling consumers’ demand.
Competitive Landscape
The Africa Injection Molding Machine industry includes several market players such as Hillenbrand, Inc., Sumitomo Heavy Industries, The Africa Steel Works, NISSEI, Ube Industries, Ltd., ENGEL, ARBURG, Haitian International, Husky Injection Molding Systems, and KraussMaffei Group.
Africa Injection Molding Machine Market Key Segments
By Product Type
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Plastic
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Thermoplastics
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Thermosets
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-
Rubber
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Metal
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Powder
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Liquid
-
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Ceramic
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Others
By Machine Type
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Hydraulic
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All-electric
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Hybrid
By Clamping Force
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Below 200 Tons
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200–500 Tons
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Above 500 Tons
By Business Type
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New Sales
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Aftersales
By End-User
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Automotive
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Interior
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Trim
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Exterior
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Others
-
-
Packaging
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Caps and Closures
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Thin-wall Containers
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Lids
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Personal Care
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Containers
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PET Preforms
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Others
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Electronics
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Healthcare
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Consumer Goods
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Toy Making
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Building and Construction
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Flooring
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Windows
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Doors
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Others
-
-
Home Appliances
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Others
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 116.41 Million |
|
Revenue Forecast in 2030 |
USD 186.31 Million |
|
Growth Rate |
CAGR of 6.6% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
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Hillenbrand, Inc.
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Sumitomo Heavy Industries
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The Japan Steel Works
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NISSEI
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Ube Industries, Ltd.
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ENGEL
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ARBURG
-
Haitian International
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Husky Injection Molding Systems
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KraussMaffei Group
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