Industry: Semiconductor & Electronics | Publish Date: 12-Dec-2024 | No of Pages: 88 | No. of Tables: 152 | No. of Figures: 117 | Format: PDF | Report Code : SE1454
Mexico Injection Moulding Machine Market size was valued at USD 138.18 million in 2023, and is predicted to reach USD 238.52 million by 2030, with a CAGR of 7.7% 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.
Mexico has a skilled workforce with experience in manufacturing and engineering. This talent pool is well-equipped to operate and maintain injection molding machines, ensuring their effective utilization. In the last decade, the number of graduates in engineering, manufacturing, and construction fields almost doubled, from just over 60,000 to almost 114,000. Today, over 110,000 engineers graduate in Mexico each year.
The local and regional governments have supported and incentivized specialized training programs aimed at getting more people qualified to work in the more advanced, technical industries. This surge in skilled graduates signifies a substantial talent pool equipped with the technical expertise required to operate, innovate, and optimize advanced manufacturing technologies like injection molding machines.
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.
A significant factor expected to create substantial market opportunities for injection molding machines in the future is rise in demand for customization and personalized products. 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.
The Mexico injection molding machine industry includes Providence Plastics, Engel de México, S.A. de C.V., Husky Injection Molding Systems Ltd., Drimo Plastics, KraussMaffei de México, S.A. de C.V., ARBURG GmbH + Co KG, Sumitomo (SHI) Demag Plastics Machinery México, S.A. de C.V., Toshiba Machine Co., Ltd., Nissei Plastic Industrial Co., Ltd. , Milacron de México, S.A. de C.V., JSW Plastics Machinery, Negri Bossi de México, Wittmann Battenfeld México, S.A. de C.V., Haitian International Holdings Ltd., Chen Hsong Group, FANUC México, Shini Plastics Technologies México, BOLE Machinery México, Yizumi Precision Machinery Co., Ltd. and Meiki Corporation
Plastic
Thermoplastics
Thermosets
Rubber
Metal
Powder
Liquid
Ceramic
Others
Hydraulic
All-electric
Hybrid
Below 200 Tons
200–500 Tons
Above 500 Tons
New Sales
Aftersales
Automotive
Interior
Trim
Exterior
Others
Packaging
Caps and Closures
Thin-wall Containers
Lids
Personal Care
Containers
PET Preforms
Others
Electronics
Healthcare
Consumer Goods
Toy Making
Building and Construction
Flooring
Windows
Doors
Others
Home Appliances
Others
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 138.18 Million |
Revenue Forecast in 2030 |
USD 238.52 Million |
Growth Rate |
CAGR of 7.7% 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. |
Providence Plastics
Engel de México, S.A. de C.V.
Husky Injection Molding Systems Ltd.
Drimo Plastics
KraussMaffei de México, S.A. de C.V.
ARBURG GmbH + Co KG
Sumitomo (SHI) Demag Plastics Machinery México, S.A. de C.V.
Toshiba Machine Co., Ltd.
Nissei Plastic Industrial Co., Ltd.
Milacron de México, S.A. de C.V.
JSW Plastics Machinery
Negri Bossi de México
Wittmann Battenfeld México, S.A. de C.V.
Haitian International Holdings Ltd.
Chen Hsong Group
FANUC México
Shini Plastics Technologies México
BOLE Machinery México
Yizumi Precision Machinery Co., Ltd.
Meiki Corporation