According to a recently launched market report by Interconnection Consulting the global injection molding machine (IMM) market rebounded in 2024, recording a value increase of 4.0% to €9.9 billion in terms of Value. Demand was supported by ongoing strength in packaging, renewed momentum in automotive and electronics, and accelerating adoption of automation and new-generation technologies. While market volumes increased, pricing pressure remained high, reflecting intensifying global competition.

Despite rising volumes, average selling prices fell by 3–4%, reflecting intensifying global price competition. Looking ahead, the market is projected to expand at a compound annual growth rate (CAGR) of 5.7% through 2028, signalling sustained long-term potential.

Regional Divergence: Asia Surges, Western Markets Struggle

Asia strengthened its dominance with 53% of the global IMM market. China emerged as the top growth driver, bolstered by aggressive renewal programs, while India consolidated its position through rising population and strong demand in the packaging sector.

In contrast, Europe (21%) and North America faced headwinds from rising costs, weaker demand, and political and trade uncertainties. Latin America became a pivotal battleground: Asian manufacturers, led by Chinese brands, made sweeping gains in Mexico, steadily displacing the traditional European and North American suppliers.

Industry Leadership in Transition

The IMM market in 2024 remained highly consolidated, with a handful of major players shaping global developments. However, competitive dynamics are evolving rapidly. Asian manufacturers strengthened their international presence, benefiting from cost advantages, faster delivery times, and expanding service networks. In response, established Western producers are reinforcing their positions in high-technology and specialized segments, while also adapting strategies to remain competitive in more price-sensitive markets. This shift highlights an industry in transition, where global reach and adaptability are becoming as important as innovation and technology leadership.

2025 Outlook: Growth Amid Trade Disruptions

Although 2025 began with optimism, U.S. tariff policy shifts under Trump have disrupted sales in North America. In response, several IMM manufacturers are redirecting exports from China to alternative markets. Despite these trade disruptions, the global IMM market is still expected to grow at a moderated pace in 2025, with Asia’s dominance set to expand further.

Western manufacturers are focusing on premium segments while cautiously diversifying into mid-range offerings to remain competitive in emerging regions. The competitive showdown between cost-driven Asian challengers and innovation-led Western leaders is no longer regional—it is global.

02/09/2025

Copyright: Interconnection, Publication free of charge for coverage regarding the study and InterConnection Consulting.