LIM and LSR Injection Machines Market Size, Share, Growth, And Industry Analysis, By Type (Electric Injection Molding Machines and Hydraulic Injection Molding Machines), By Application (Infant Goods, Medical, Electronic and Automotive), and Regional Forecast By 2031

Updated On: 20 November 2023

LIM and LSR Injection Machines Market Report Overview

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The global LIM and LSR injection machines market size was USD 125.3 million in 2022, as per our research, the market is expected to reach USD 206.3 million in 2031, exhibiting a CAGR of 5.7% during the forecast period. 

The global Covid-19 pandemic has been unprecedented and staggering, with the LIM and LSR injection machines market experiencing lower than anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

LIM (Liquid Injection Molding) and LSR (Liquid Silicone Rubber) injection machines are both used in the manufacturing process of silicone rubber products. They are specialized machines designed to handle the unique characteristics of liquid silicone rubber materials and facilitate the injection molding process. Both LIM and LSR injection machines enable manufacturers to produce silicone rubber parts with complex shapes and tight tolerances. They are utilized in various industries, such as automotive, medical, electronics, and consumer goods, to manufacture high-quality silicone rubber products.

COVID-19 Impact: Pandemic Hamper the Demand of LIM and LSR injection machines to Market Growth

The COVID-19 pandemic has had an impact on various industries, including the manufacturing sector. The pandemic led to disruptions in global supply chains, including the availability of raw materials and components. Manufacturers of LIM and LSR injection machines may have experienced delays or difficulties in sourcing the necessary parts and components, which could have impacted the production and delivery of these machines.

Latest Trends

"Growing Demand for Silicone Rubber Products Will Boost Market Growth"  

The LIM and LSR injection machines market is experiencing growth due to the increasing demand for silicone rubber products in various industries. Silicone rubber's unique properties, such as flexibility, heat resistance, and biocompatibility, make it suitable for applications in automotive, medical, electronics, and consumer goods sectors. 

LIM and LSR Injection Machines Market Segmentation

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• By Type Analysis

According to type, the LIM and LSR injection machines market can be segmented into electric injection molding machines and hydraulic injection molding machines.

In terms of type, the hydraulic injection molding machines are anticipated to be the largest segment during the forecast period.  

• By Application Analysis

Based on application, the LIM and LSR injection machines market can be divided into infant goods, medical, electronic, and automotive.

In terms of application, the medical market is projected to hold an LIM and LSR injection machines market share through 2031.  

Driving Factors

"Advantages of LIM and LSR Processes Will Fuel Market Growth "

The advantages offered by LIM and LSR processes drive their adoption and, consequently, the demand for LIM and LSR injection machines. These processes enable high precision, intricate part designs, tight tolerances, and efficient production of complex shapes. The ability to produce consistent and high-quality silicone rubber parts attracts manufacturers seeking advanced molding solutions.

"Advantages of LIM and LSR Processes ""Will Increase Market Growth" 

The advantages offered by LIM and LSR processes drive their adoption and, consequently, the demand for LIM and LSR injection machines. These processes enable high precision, intricate part designs, tight tolerances, and efficient production of complex shapes. The ability to produce consistent and high-quality silicone rubber parts attracts manufacturers seeking advanced molding solutions.

Restraining Factors

"High Initial Investment Costs Will Impede Market Growth "

The LIM and LSR injection machines market is hindered by the high initial investment required to acquire these specialized machines. The capital expenditure involved in purchasing LIM and LSR machines, along with the associated auxiliary equipment and molds, can be significant, posing a barrier for small and medium-sized manufacturers.

LIM and LSR Injection Machines Market Regional Insights

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"The North America Region Will Dominate Market Due to Strong Demand of Medical"

In North America, the market is mature and driven by well-established industries such as automotive, medical, and electronics. The region's focus on technological advancements and product innovation contributes to the high adoption rate of LIM and LSR machines. Additionally, stringent regulatory standards in sectors such as medical and healthcare create a demand for LIM and LSR machines that can meet industry-specific requirements. North America also emphasizes sustainability, influencing the adoption of environmentally friendly manufacturing practices.

The Asia-Pacific region is experiencing rapid growth in the LIM and LSR injection machines market. Countries such as China, Japan, and South Korea are major contributors to the regional market due to their robust manufacturing capabilities and increasing demand for silicone rubber products. The automotive, electronics, and medical sectors are driving the demand for LIM and LSR machines in the region. Emerging economies in Asia-Pacific, such as India and Southeast Asian countries, are witnessing industrialization and infrastructure development, which further fuels the demand for LIM and LSR machines. The Asia-Pacific region benefits from lower manufacturing costs, attracting international companies to set up production facilities and utilize LIM and LSR technology.

Key Industry Players

"Adoption Recycling Services by Key Players Influencing Market Development"

The top key players in the LIM and LSR injection machines market are Arburg, Engel, Sumitomo, KraussMaffei, Wittmann. Most of the top players hold the LIM and LSR injection machines market share. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the LIM and LSR injection machines market growth in the competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession of market shares by the key players stimulates the LIM and LSR injection machines market.  

List of Market Players Profiled

• Arburg (Germany) 
• Engel (Austria) 
• Sumitomo (Japan)
• KraussMaffei (Germany)
• Wittmann (Austria)
• Tianyuan Technology (China)
• Nissei Plastic (Japan) 
• FUICHA (China)
• SODICK (Japan)
• Yizumi Precision Machinery (China) 
• MULTIPLAS ENGINERY (Taiwan)
• BOY Machines (Germany)
• FOMTEC PLASTIC MACHINERY (China)
• Tayu Machinery (China)
• Hengyang Huayi Machinery (China)

Report Coverage

This report examines an understanding of the LIM and LSR injection machines market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.