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Injection Molding Machine Market by Product Type, Machine Type, End-Use Industry & by Region - Global Forecast to 2021

2016-06-16 prnewswire
NEW YORK, June 16, 2016 /PRNewswire/ -- The market size of injection molding machine is expected to reach USD 4.86 billion by 2021, registering a CAGR of 2.2% between 2016 and 2021. The growth is primarily triggered by its huge demand from the Asia-Pacific region and growing end-use industries, such as automotive, consumer goods, packaging, healthcare, and electrical & electronics. Liberalization of foreign trade & investments and change in industrial policies have triggered rapid industrialization in China, for the past three decades.