Finland 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
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Market Definition
Finland Injection Molding Machine Market size was valued at USD 83.62 million in 2023, and is predicted to reach USD 112.50 million by 2030, with a CAGR of 4.0% 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.
Increasing Production of Electric Vehicles (EVs) Fuels the Injection Molding Machine Market Growth
The growth of injection molding in Finland is being propelled by the increasing production of electric vehicles (EVs). With the global automotive industry transitioning toward electric propulsion, there is a rising requirement for precisely engineered, lightweight plastic components in EVs.
Injection molding serves as a crucial manufacturing process for crafting these components, which encompass battery enclosures, interior trim, dashboard elements, and various structural parts. Finnish companies are actively engaged in the development and production of components for EVs, harnessing the capabilities of injection molding technology to cater to the specific demands of the industry.
This involves the creation of intricate, lightweight designs that contribute to improving the efficiency and performance of electric vehicles while minimizing their environmental footprint. As Finland's involvement in the EV market continues to expand, so does the demand for injection molding, establishing it as a crucial and growing sector within the country's automotive industry.
Rising Adoption of Additive Manufacturing Drives the Market Growth
The growing adoption of additive manufacturing techniques, particularly 3D printing, is significantly influencing the demand for injection molding machines in Finland. Additive manufacturing complements traditional injection molding processes by offering rapid prototyping and customization capabilities, allowing manufacturers to quickly iterate designs and produce complex geometries.
As Finnish industries increasingly embrace additive manufacturing for prototyping, tooling, and small-batch production, there is a corresponding need for injection molding machines to scale up production for larger volumes.
Moreover, the integration of 3D printing technologies with injection molding processes enables hybrid manufacturing approaches that optimize efficiency and flexibility, further driving the demand for injection molding machines in Finland's manufacturing landscape.
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 Finland Injection Molding Machine industry includes several market players such as Hillenbrand, Inc., Sumitomo Heavy Industries, The Japan Steel Works, NISSEI, Ube Industries, Ltd., ENGEL, ARBURG, Haitian International, Husky Injection Molding Systems, and KraussMaffei Group.
Finland 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 83.62 million |
|
Revenue Forecast in 2030 |
USD 112.50 million |
|
Growth Rate |
CAGR of 4.0% 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
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Haitian International
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Husky Injection Molding Systems
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KraussMaffei Group
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