“According to SNS Insider Research, The Injection Molding Machine Market size was valued at US$ 15.95 Billion in 2023 and is estimated to reach US$ 24.53 Billion by 2032, with a growing CAGR of 4.9% over the forecast period 2024-2032.”
The growing popularity of consumer electronics and medical devices, which require intricate and high-quality plastic components, is fueling market expansion, Says SNS Insider.