Growing manufacturing rates and rapid production through injection molding is one of the key drivers in the global injection molding machine market. Rising demand for lightweight and complex automotive and electronic components is also expected to increase the demand for injection molding machines (IMM). Additionally, advancements in the hybrid machine and surge in the use of all-electric injection molding machines are expected to drive the growth of the global injection molding machines market.
Growing manufacturing rates and rapid production through injection molding is one of the key drivers in the global injection molding machine market. Rising demand for lightweight and complex automotive and electronic components is also expected to increase the demand for injection molding machines (IMM). Additionally, advancements in the hybrid machine and surge in the use of all-electric injection molding machines are expected to drive the growth of the global injection molding machines market.
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Injection Molding Machine Market - Industry Analysis and Forecast (2023-2029)
Injection Molding Machine Market is expected to grow at a CAGR of 4.5%, is expected to reach US$ 21.60 Bn by 2029.
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