Injection Molding Machine Market To Witness A Significant Growth Of USD 22.03 Billion By 2030
San Francisco, 28 Feb 2023: The Report Injection Molding Machine Market Size, Share & Trends Analysis Report By Material (Plastic, Metal), By Technology (Hydraulic, Electric, Hybrid), By End Use, By Region, And Segment Forecasts, 2022 - 2030 The global injection molding machine market size is expected to reach USD 22.03 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.6% from 2022 to 2030. The increasing demand for injection molding machines in industries such as automotive, consumer goods, packaging, and electronics is projected to fuel the market growth over the forecast period. The spread of the omicron variant of COVID-19 has increased hospitalization rates in North America, and the demand for plastic molded products witnessed a surge in the medical sector. This is expected to drive the demand for numerous medical devices, thereby fueling the demand for plastics used for developing them using this technology. T