Injection Molding Machine Market Size, Share, Trend, Forecast, & Industry Analysis – 2022-2028

The injection molding machine market is likely to grow from USD 10.6 billion in 2021 to reach USD 13.58 billion by 2028 at a healthy CAGR of 3.54% during the forecast period. An injection molding machine is used to manufacture plastic, metal, rubber, and ceramic products. It consists of two major parts: an injection unit and a clamping unit. The injection molding machine melts the material to be injected into the shaping mold, where the molten material cools off and solidifies, taking the shape of the desired component.