The injection Molding Machine Market to grow by USD 5.04 billion from 2022 to 2027, APAC to contribute 47% of this growth -17,000+ Technavio Reports [Yahoo! Finance]
Hillenbrand Inc (HI)
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Source: Yahoo! Finance
NEW YORK Jan. 23, 2024 /PRNewswire/ -- The injection molding machine market is to grow by USD 5.04 billion between 2022 and 2027, and register a CAGR of 4.38% , according to Technavio's latest research report estimates. This report offers an up-to-date analysis regarding the current scenario, the latest trends and drivers, and the overall environment. APAC is estimated to contribute to the growth by 2027. The Asia-Pacific region, driven by China's robust consumer goods, automotive, and construction industries, experiences significant growth in injection molding equipment demand. China's economic strength, coupled with enhanced infrastructure and industrialization, contributes to expansion. Technology advancements, particularly in robotics and automation, enhance injection molding machines' efficiency, allowing manufacturers to reduce costs and bolster competitiveness. This technological evolution further propels the growth amid the thriving industries in the region. More details on
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