2010 a year of recovery for the global injection molding machine market

07/26/2011

China's output and sales volume of injection molding machines increased by nearly 40% in 2010 over 2009, while the import and export value grew by more than 70%. A new report on the global injection molding machinery market found that Chinese molding machine sales exceeded RMB20 billion ($3 billion) giving it the top rank globally. Germany's export dominance continued, with the 2010 export value of injection molding machines up 55.2% to EUR593 million ($853 million), while the output of injection molding machines in Japan doubled over 2009 to 12,000 units. The report also noted that 2010 injection molding machine sales and output also rebounded in the U.S. and Italy.

Although Chinese machine makers may have come to the all-electric machinery market later than counterparts in Europe, North America, and Japan, the report says they have now fully embraced the technology with more than 10 companies undertaking R&D and manufacturing of all-electric injection molding machines in China, including Haitian, Chen Hsong, Chuan Lih Fa Machinery Works, Guangzhou Borch Machinery, GSK CNC Equipment, Zhejiang Sound Machinery Manufacture, and Ningbo Shuangma Machinery Industry.
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