China Injection Molding Machine Development Trend 2021
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China Injection Molding Machine Development Trend 2021

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China injection molding machine industry

Injection molding machine is the main molding equipment that uses plastic molding dies to make thermoplastic or thermosetting materials into various shapes of plastic products. For information about injection molding machines, you can read the following article: What is an injection molding machine.

On the whole, China's injection molding machine industry has a relatively complete industrial chain. The upstream of the industrial chain is the supplier of mechanical parts, hydraulic parts and electrical parts, the main body of the midstream is the injection molding machine manufacturer, and the downstream of the industrial chain is mainly used in general plastics, automobiles, home appliances, packaging and other industries.The development status of the world's injection molding machine industry

The market size of injection molding machines in 2020 is expected to be 10.3 billion US dollars, and it is expected to reach 12.3 billion US dollars by 2025, with a compound annual growth rate of 3.6% from 2020 to 2025. Demand for injection molding machines in end-use industries such as automotive, consumer products, packaging, healthcare, electrical and electronics. Factors such as increasing demand from the healthcare industry, rapid industrialization in growing economies such as China, India and Thailand, and growing demand for plastic molds for electric vehicles will drive the injection molding machine market. In terms of quantity and value, the Asia-Pacific region is the main market for global injection molding machines, followed by Europe and North America.

The impact of COVID-19 on the injection molding machine market

The Asia-Pacific region is the largest market in the injection molding machine market. Injection molding machines were adversely affected during COVID-19, which opened up opportunities for the injection molding machine market. Recently, there has been an increasing demand for injection molding machines in temporary hospitals and medical care institutions around the world to manufacture various medical equipment. The global outbreak of the coronavirus has highlighted the healthcare industry. Due to the surge in the number of Covid-19 cases, the demand for medical equipment such as syringes, air systems and other medical devices has grown exponentially. Countries such as India and China have become centers for manufacturing and meeting the needs of all these devices worldwide.

Development status of China's injection molding machine industry

China is the world's largest producer of injection molding machines. According to data, the market size of China's injection molding machine industry in 2016 was 21.159 billion yuan. By 2019, the market size of the industry reached 23.302 billion yuan, a year-on- year increase of 2.72%.

China is not only a major producer of plastic molding equipment, but also a major consumer and exporter. According to statistics from the General Administration of Customs of China, from January to November 2020, China's exports of injection molding machines totaled 66,834 units, and the number of imports was 5,189 units.

As of November 2020, China's injection molding machine industry has achieved an import value of US$5.148 million and an export value of US$10.594 million.

The global plastic machinery market can be divided into three levels of competition, showing a pyramidal structure. Representative companies in the high-end market include international brands such as KraussMaffei, Engel, and Sumitomo; in the mid-range market, companies such as Haitian International, LOG, Chen Hsong Group, and other domestic leading companies; and companies in the low-end market are small and technologically backward...

At present, the high-end market of injection molding machines is mainly occupied by European and Japanese companies. The accumulation of focus on innovation and long-term development makes injection molding machines produced by European, American and Japanese companies have an advantage in the high -end market. However, my country is narrowing the gap with Japan and Europe. Chinese enterprises basically occupy the mid-end market share. In the high-end market area, leading enterprises are closing the gap with import enterprises.

Major Chinese Injection Molding Machine Manufacturers

List of China's top injection molding machine manufacturers (regardless of ranking):

  • Haitian Plastics Machinery Group CO.,LTD.

  • GuangDong YIZUMI Precision Machinery CO.,LTD.

  • ShangHai Jwell Machinery CO.,LTD.

  • DaLian Rubber&Plastics Machinery CO.,LTD.

  • NINGBO CHUANGJI MACHINERY CO.,LTD

  • Borch Machinery CO.,LTD.

  • L.K. Technology Machinery Limited

  • NingBo Haida Plastic Machinery CO.,LTD.

  • Ningbo Yonghua Plastic Machinery Manufacturing CO.,LTD.

  • Ningbo Hwamda machinery Machinery CO.,LTD.

The development trend of China injection molding machine industry

  1. Changes in the automotive industry bring development opportunities

    Automobile lightweight is to reduce the weight of the automobile as much as possible under the premise of ensuring the strength and safety of the automobile, thereby improving the dynamics of the automobile, reducing fuel consumption, and reducing exhaust pollution. Car weight can be reduced by 10%, fuel efficiency can be increased by 6% to 8%, and fuel consumption can be reduced by 7%. Plastic parts have the advantages of light weight, strong design flexibility, low manufacturing cost, and excellent performance. The use of low -density plastic materials is an effective way to reduce the weight of cars. The acceleration of the automobile lightweight trend driven by policies will bring more development opportunities to the injection molding machine industry.

  2. Technology development of injection molding machine

    Plastic products are widely used in the fields of auto parts, household appliances, 3C products, packaging materials and ordinary plastic products, driving the rapid development of the injection molding machine industry. At present, China's injection molding machine industry is shifting from quantitative and price advantages to technology and innovation advantages. Injection molding machine products are developing in the direction of large-scale, electrified, and intelligent, and have become aerospace, defense, petrochemical, marine, electronic, and Important technical equipment for optoelectronic communications, building materials, packaging, agriculture, light industry and other industries.

  3. All-electric is the fastest-growing injection molding machine model

    All-electric injection molding machines use electric servo motors to provide power for gears, racks and ball screws to drive most of the machine functions. Compared with other types of injection molding machines, all-electric presses are noiseless, faster and more accurate; however , the machines are more expensive. Since servo motors run all-electric injection molding machines, they only need power when they are running. Compared with hydraulic injection molding machines, all-electric injection molding machines can save up to 50-70% of energy . The all-electric injection molding machine is currently the most popular type of machine because it uses less chilled water, reduces housekeeping and preventive maintenance, consumes less energy and oil, and has a lower maintenance rate. The cost saved in the later period can make up for the purchase cost. Read the article to learn more about the advantages of all-electric injection molding machines.

  4. Speeding up the process of domestic substitution of imports

    Chinese companies still lag behind foreign excellent companies in terms of technology, process reserves, and quality control. The high price of imported injection molding machines puts cost pressure on downstream manufacturers and is not conducive to the development of China's injection molding machine industry. However, with the development of China's injection molding machine industry and the improvement of its technical level, domestic injection molding machines have rapidly improved in quality and performance, and are gradually replacing imported products in the high-end market.

Read the following article for more information: China Injection Molding Machine Selection Guide.

Conclusion

China's injection molding machine industry continues to expand in technology and domestic and international market demand is also increasing. Even if it is affected by the global environment such as the new crown virus and the political situation, China's injection molding machine still has great development prospects and opportunities. With the gradual improvement of technology under the price advantage, the competitiveness of China's injection molding machines continues to increase, and China's injection molding machines will gradually become an excellent choice for all enterprises.

If you want to buy a Chinese injection molding machine, choose an excellent brand. There are many domestic injection molding machine brands. If you want to become an injection molding machine distributor and buy cheap injection molding machine products in bulk, you should consider the manufacturer to obtain a more competitive price. LOG Machine may be the ideal choice for wholesale business. Contact us now for more information.

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