Vertical Injection Molding Machine Market to Grow at a CAGR of 4.3% During the 2023 to 2031 Forecast Period: TMR Study

Wilmington, Delaware, United States, July 28, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global vertical injection molding machine market stood at US$ 806.8 million in 2022 and the global market is projected to reach US$ 1.2 billion in 2031 . Global vertical injection molding machine industry is anticipated to expand at a CAGR of 4.3% between 2023 and 2031.

Vertical injection molding machines are more energy-efficient than horizontal machines, in applications like automotive parts, electronic components, and consumer goods which augments the market statistics.

Upright injection molding machines take advantage of gravity during the injection process whereas vertical machines, which act as the clamping unit and injection unit are typically in a stationary position for a significant portion of the molding cycle helping it to reduce energy consumption associated with continuous movement.

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Global Vertical Injection Molding Machine Market: Key Players

Key Takeaways of Market Report

Global Vertical Injection Molding Machine Market: Growth Drivers

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Global Vertical Injection Molding Machine Market: Regional Landscape

Global Vertical Injection Molding Machine Market: Segmentation

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