South Korea Injection Molding Press Market was valued at USD 0.75 Billion in 2022 and is projected to reach USD 1.20 Billion by 2030, growing at a CAGR of 6.85% from 2024 to 2030.
The South Korea injection molding press market has seen significant growth in recent years, driven by the increased demand across various industries like automotive, electronics, and consumer goods. Injection molding, a process that involves injecting molten material into a mold to create precise and complex parts, has become a staple in manufacturing. South Korea, with its technological advancements and strong industrial base, is playing a pivotal role in the development and adoption of this technology.
Industries in South Korea are increasingly reliant on injection molding presses to meet the growing need for high-quality, durable, and cost-effective parts. The automotive sector, for example, uses injection molding to produce a wide range of parts from interior components to safety-critical elements like bumpers and dashboard assemblies. In electronics, injection molding plays a crucial role in creating housing for gadgets and devices, providing both protection and aesthetic appeal.
What sets the South Korean market apart is its focus on precision, speed, and innovation. Injection molding presses are constantly evolving, with improvements in automation, energy efficiency, and material compatibility. The industry is also witnessing a rise in the use of electric injection molding machines, which offer superior energy efficiency and environmental benefits compared to traditional hydraulic models.
The requirement for injection molding presses varies from industry to industry, with some emphasizing high-speed production, while others prioritize precision and customization. Manufacturers often need presses that can handle high volumes of production while ensuring quality and consistency. Moreover, the demand for multi-component molding has risen, requiring presses capable of molding two or more materials simultaneously, which enhances the functionality of the produced components.
As industries in South Korea continue to innovate, the injection molding press market is expected to grow, driven by technological advancements, increased automation, and a higher demand for complex, high-performance parts. The market presents significant opportunities for manufacturers who can meet the evolving needs of different sectors, including automotive, electronics, and healthcare.
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Haitian International
ENGEL Holding GmbH
ARBURG GmbH
KraussMaffei
Sumitomo Heavy Industries
Fanuc
Yizumi
Husky
Chenhsong
Milacron
Nissei Plastic
Shibaura Machine
JSW Plastics Machinery
Toyo
LK Technology
Wittmann Battenfeld
UBE Machinery
Tederic
Cosmos Machinery
Windsor
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Injection Molding Press Market
Hydraulic Injection Molding Press
Electric Injection Molding Press
Hybrid Injection Molding Press
Less than 100 Tons
100 to 500 Tons
More than 500 Tons
Automotive Components
Consumer Goods
Medical Devices
Packaging Materials
Electronics and Electrical Components
Thermoplastics
Thermosetting Plastics
Rubber Materials
Biodegradable Plastics
Fully Automated
Semi-Automated
Manual
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Injection Molding Press Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Injection Molding Press Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Injection Molding Press Market, By Type
6. South Korea Injection Molding Press Market, By Application
7. South Korea Injection Molding Press Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Injection Molding Press Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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