The Asia-Pacific injection molding machines market size was valued at USD 5,797.8 million in 2024 and is projected to grow from USD 6,138.0 million in 2025 to USD 9,522.7 million by 2033, registering a CAGR of 5.6% during the forecast period (2025–2033).
This growth is driven by the increasing adoption of advanced manufacturing techniques, a booming automotive industry, and robust demand for high-precision molded components across packaging, healthcare, and electronics sectors.
The growing automotive industry in Asia-Pacific is a primary driver for the injection molding machines market. Countries like China, India, and Japan are experiencing a surge in vehicle production and sales, fueling the demand for lightweight and durable components. According to the International Organization of Motor Vehicle Manufacturers (OICA), Asia accounted for over 50% of global vehicle production in 2024. Injection molding machines are vital in manufacturing bumpers, dashboards, and fuel tanks.
Additionally, government incentives promoting electric vehicles (EVs) further accelerate the adoption of injection molding technology to produce lightweight EV parts. For instance, China’s push to electrify its automotive fleet under the "Made in China 2024" initiative drives the demand for advanced injection molding technologies tailored for EV component manufacturing. Moreover, partnerships between automakers and machinery providers, such as Mitsubishi Electric’s collaboration with major automotive OEMs in Japan, underline the sector’s growth potential.
The high initial investment required for advanced injection molding machines significantly restrains the Asia-Pacific market. These machines, equipped with cutting-edge features like automation and AI integration, often entail significant capital expenditure, which may deter small- and medium-sized enterprises (SMEs) from adopting them. Additionally, these machines' maintenance and operational costs add to the financial burden.
According to a 2024 report by the Asian Development Bank, SMEs contribute over 60% of employment in the region but face financial constraints, limiting their ability to invest in high-end manufacturing technologies. Furthermore, high-end models, such as hybrid and all-electric machines offered by leading manufacturers like Engel and Toshiba Machine, come with premium price tags, making them less accessible to cost-sensitive businesses.
The increasing focus on sustainability presents a significant opportunity for the injection molding machines market in Asia-Pacific. The demand for eco-friendly and biodegradable materials has led manufacturers to innovate and develop machines capable of processing bioplastics and recycled materials. For example, in 2024, Sumitomo (SHI) Demag introduced an all-electric injection molding machine optimized for bioplastics, enhancing production efficiency and reducing energy consumption. Governments across the region, such as Japan’s Green Growth Strategy and China’s circular economy initiatives, encourage adopting sustainable practices, further boosting the market potential for advanced and eco-friendly injection molding technologies.
Additionally, India’s single-use plastic ban, implemented in 2022, has spurred a rise in bioplastic demand, creating a fertile ground for machinery manufacturers to cater to evolving market needs. Collaborative efforts between machine manufacturers and material suppliers, such as the partnership between Haitian International and BASF for bioplastic solutions, further underscore this opportunity.
Study Period | 2021-2033 | CAGR | 5.6% |
Historical Period | 2021-2023 | Forecast Period | 2025-2033 |
Base Year | 2024 | Base Year Market Size | USD 5,797.8 Million |
Forecast Year | 2033 | Forecast Year Market Size | USD 9,522.7 Million |
The market is characterized by its diverse growth patterns across key countries in the Asia-Pacific region, driven by economic development, industrial expansion, and technological advancements.
China leads the Asia-Pacific injection molding machines market due to its massive manufacturing base and strong demand from the automotive and electronics sectors. In 2024, the China Plastics Processing Industry Association reported a 7% increase in injection molding machine production. Key players like Haitian International are investing in advanced manufacturing facilities to cater to domestic and global markets.
India is emerging as a significant market, driven by government initiatives like “Make in India” and “Atmanirbhar Bharat” (self-reliant India). These programs encourage local manufacturing and foreign investments. For instance, in 2024, Toshiba Machine expanded its operations in Gujarat to produce high-performance injection molding machines, targeting the automotive and packaging industries.
Japan’s market growth is fueled by its advanced technological infrastructure and focus on automation. Companies like Sumitomo (SHI) Demag and FANUC are pioneers in developing all-electric injection molding machines, catering to industries like healthcare and electronics. Japan’s emphasis on precision engineering and sustainable practices strengthens its position in the regional market.
South Korea’s strong electronics and automotive sectors are key to market growth. LG Electronics and Samsung rely heavily on injection molding machines to produce high-quality components. Additionally, the government’s support for smart manufacturing under the “Manufacturing Innovation 3.0” initiative is boosting the adoption of automated injection molding technologies.
Vietnam is witnessing rapid growth due to its burgeoning manufacturing sector and favorable trade agreements. The country’s low production costs and skilled workforce attract investments from global players. For example, KraussMaffei opened a new production facility in Hanoi in 2025 to meet the rising demand for injection molding machines in Southeast Asia.
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Hydraulic dominates the machine type segment and is expected to grow at a CAGR of 5.2% over the forecast period. Their robust performance, high clamping force, and cost-effectiveness make them suitable for large-scale production in industries like automotive and packaging. The availability of hybrid hydraulic machines with energy-saving features further fuels their demand.
Below 200 tons leads the clamping force segment and is expected to grow at a CAGR of 5.2% during the forecast period. These machines are ideal for manufacturing small and intricate components, particularly in the electronics and medical device sectors. The rising demand for compact and precise parts is driving their adoption.
New sales dominate the solution segment and are expected to grow at a CAGR of 6.0% over the forecast period. The rapid industrialization in developing countries like Vietnam and Indonesia leads to increased investments in new machinery to meet rising production demands.
High Pressure leads the pressure segment and is expected to grow at a CAGR of 6.0% during the forecast period. These machines are critical for manufacturing complex high-strength components, making them popular in the automotive and aerospace industries.
Automotive dominates the end-use segment and is expected to grow at a CAGR of 6.8% over the forecast period. The increasing production of electric and hybrid vehicles drives the need for lightweight, durable, and high-performance parts, boosting the demand for injection molding machines.
As per our analyst, the Asia-Pacific injection molding machines market is poised for rapid expansion in the coming years. This growth is primarily driven by the region’s increasing industrialization, rising consumer demand for high-quality products, and advancements in injection molding technologies. The shift towards sustainable manufacturing practices and integration of digital technologies like IoT and AI in injection molding processes will further enhance productivity and efficiency.
Furthermore, regional governments actively support local manufacturing through subsidies and incentives, creating a favorable environment for market players. While high initial costs remain a challenge, innovations in cost-effective solutions and the growing adoption of automation are expected to mitigate these barriers, ensuring robust growth for the Asia-Pacific injection molding machines market.