Robotic Injection Molding Machines Market Size, Share, Growth, and Industry Analysis, By Type (Mechanical, Hydraulic, and Other), By Application (Automotives, Consumer Goods, Electronics, Packaging, and Others), Regional Insights, and Forecast To 2032

Updated On: 22 April 2024

Report Overview

• 

• Request a Free Sample to learn more about this report

The global robotic injection molding machines market size was USD 2416 million in 2022. As per our research, the market is expected to reach USD 2832.2 million in 2028, exhibiting a CAGR of 2.6% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the robotic injection molding 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.

Robotic injection molding machines are a type of manufacturing equipment used in the plastic injection molding process. Injection molding is a widely used manufacturing technique for producing plastic parts in large quantities. It involves injecting molten plastic material into a mold cavity, allowing it to cool and solidify, and then ejecting the finished part from the mold.

They incorporate robots to handle tasks such as loading plastic material, placing inserts, removing finished parts from molds, inspecting quality, and packaging. By leveraging robotics, these machines enhance precision, speed, and consistency while reducing the need for manual labor. This leads to improved product quality, increased efficiency, and enhanced workplace safety. Additionally, based on type, the hydraulic type of segment leads the market. While automotive is the dominating application segment to hike the demand for these machines. 

COVID-19 Impact: Diminished Demand for Consumer Goods due to Financial Concern Affected the Market

The COVID-19 pandemic generated various challenges for the robotic injection molding machines market. Significantly, the bans on human gathering, manufacturing units, transportation, shipment, and the lockdown restrictions on industrial operations reduced the demand for these molding machines among key industries. In addition, the lack of demand for non-essential consumer goods and the closure of the automotive sector hindered the growth of this market. However, post-pandemic, manufacturing companies started to align with new market dynamics and the growth of end-use industries is anticipated to contribute to a spike in the demand for these machines throughout this projection period.

Latest Trends

"Industry 4.0 Integration Reinforces the Market Scope"

Robotic technology is prevalent among various industries and the expansion of this technology has been upward over the past few years which continues to be adopted by a large number of industries including the robotic injection molding machines market. Furthermore, technological advancements and emerging trends are shaping the market dynamics. For instance, the integration of Industry 4.0 principles into robotic injection molding systems is on the rise. This includes real-time monitoring, data analytics, remote management, predictive maintenance, and connectivity for smarter and more efficient production processes. These key features are fuelling the demand for these machines. Besides, the adoption of collaborative robots (cobots) in injection molding is increasing. These robots can work alongside human operators, enhancing safety, flexibility, and ease of use, particularly in tasks that require human-robot collaboration. Additionally, with regard to recent developments, In September 2020, ENGEL introduced a new line of hybrid machines called "e-speed injection molding machines (2800 kN)" designed specifically for producing thin-walled containers, buckets, and their corresponding lids.

Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be bifurcated into Mechanical, Hydraulic, and Other.

• By Application Analysis

Based on application, the market can be divided into Automotives, Consumer Goods, Electronics, Packaging, and Others.

Driving Factors

"Advancements in Technology with Automation and Efficiency Excites Market Development"

The continuous advancements and innovation in technology to cater to the need for enhanced production efficiency, reduced labour costs, and minimized errors accelerate the adoption of robotic systems in injection molding, as they perform tasks with speed and precision. This innovation in technology is the key driving factor of this market that is likely to boost the robotic injection molding machines market growth over this forecast period. 

"Rising Demand for Plastic in the Automotive Industry Augment the Growth of the Market "

The growing demand for innovative and high-quality plastic products across industries primarily, in the automotive industry along with packaging, consumer goods, electronics, and medical devices drives manufacturers to adopt advanced manufacturing techniques. The factor behind this is the growing trend of plastic products among consumers due to their disposable income, changing lifestyle, and others which are expected to contribute to the expansion of this market.

Restraining Factors

"High-Cost Investment and Complex Implementation Can Obstruct the Market Expansion"

Although, the market is progressive due to various key driving factors. However, the high cost of these machines can be a constraint for the market’s growth. As the upfront cost of acquiring and installing robotic systems can be higher than conventional manufacturing machines which may deter smaller vendors or those with limited budgets from adopting this technology. Along with this, integrating robotic systems into existing manufacturing processes can also be challenging and time-consuming due to requiring specialized expertise and potentially causing production disruptions.

Regional Insights

• 

• Request a Free Sample to learn more about this report

"Asia Pacific Leads the Market with a Robust Manufacturing Base and high Demand for Plastic Products"

According to the market review, the Asia Pacific region is dominating the market by being the largest robotic injection molding machines market share holder. The region's robust manufacturing base, high demand for plastic products, and the largest automotive industry have made it a hub for the adoption of automation solutions including robotic injection molding machines. Specifically, countries such as China, Japan, and South Korea are the significant nations contributing to the growth of this market.

Key Industry Players

"Key Companies Invest in Research and Development to Create Cutting-Edge Machines that Offer Improved Efficiency"

With regard to key players, prominent companies in the market influence growth through innovations in product development, partnerships with technology providers, tailored solutions for diverse industries, and comprehensive support programs. These key players showcase their capabilities through demonstrations, collaboration with other brands, and mergers & acquisitions. Moreover, by strategically combining these approaches, major companies stimulate market growth while catering to the increasing demand for automation in injection molding.

List of Market Players Profiled

• ABB (Switzerland)
• KUKA (Germany)
• Sepro Group (France)
• Wittmann Battenfeld Group (Austria)
• Yushin Precision Equipment (Japan)
• FANUC (Japan)
• Yaskawa Kitakyushu (Japan)
• ENGEL (Austria)
• HAHN Automation (Germany)
• ARBURG: Lossburg (Germany)
• KraussMaffei Group (Germany)
• Universal Robots (Teradyne) (Denmark)
• Stäubli (Switzerland)

Report Coverage

This report defines the robotic injection molding machines market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.