Italy 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) –Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Semiconductor & Electronics | Publish Date: 19-Mar-2024 | No of Pages: 89 | No. of Tables: 152 | No. of Figures: 117 | Format: PDF | Report Code : N/A
Market Definition
Italy Injection Molding Machine Market size was valued at USD 795.16 million in 2023, and is predicted to reach USD 918.26 million by 2030, with a CAGR of 1.7% 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.
Italy's Automotive Industry Fuels Injection Molding Machine Market
The Italian injection molding machine market is driven by a combination of factors, including the country's strong automotive industry. The automotive industry is a major end-user of injection molding machines, and Italy has a long history of automotive manufacturing. Some of the world's most renowned automotive brands, such as Ferrari, Lamborghini, and Fiat, are based in Italy. In 2020, Italy's automotive production accounted for approximately 6.2% of the country's GDP. Injection molding machines are used to produce a wide variety of components for vehicles, from interior parts to exterior components. The demand for lightweight, durable, and aesthetically pleasing parts has driven the need for advanced injection molding technology.
Italy's Injection Molding Machine Sector Leads with Technological Advancements
Italy is home to a significant number of injection molding machine manufacturers. These manufacturers have been investing in research and development to introduce new technologies that can meet the needs of the automotive and other industries. For example, in February 2023, Negri Bossi showcased the NOVA 5eT 180-H590 version at MECSPE 2023 in Bologna, Italy. This injection machine is primarily suitable for the medical, packaging, and technical molding markets and includes features such as a flat clamp closing system and a Pre-Pack system. The flat clamp closing system reduces the load on the toggle, increasing the life of the mold. The Pre Pack system guarantees the precise dose of injected material, repeatability of production, and a compact and constant melt density.
The combination of a strong automotive industry and a significant number of injection molding machine manufacturers has made Italy a leading market for injection molding machines. The market is expected to grow in the coming years, driven by the demand for lightweight, durable, and aesthetically pleasing parts.
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 Italy injection moulding 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.
The Italy Injection Moulding Machine Market Key Segments
By Product Type
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Plastic
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Thermoplastics
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Thermosets
-
-
Rubber
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Metal
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Powder
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Liquid
-
-
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
-
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
-
-
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 795.16 million |
|
Revenue Forecast in 2030 |
USD 918.26 million |
|
Growth Rate |
CAGR of 1.7% 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
-
Hillenbrand, Inc.
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Sumitomo Heavy Industries
-
The Japan Steel Works
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NISSEI
-
Ube Industries, Ltd.
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ENGEL
-
ARBURG
-
Haitian International
-
Husky Injection Molding Systems
-
KraussMaffei Group
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