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Global Injection Molding Machine Market valued approximately USD 16 billion in 2016 is anticipated to grow with a healthy growth rate of more than 3 % over the forecast period 2017-2025 The growth of the market is driven by the high demand from the packaging industry, rising demand for energy saving Wholesale Air Max Free Shipping , growing automotive industry, and advancements in injection Molding technology. Based on By End-Use industry, the injection Molding machine market has been segmented into automotive, packaging, consumer goods, healthcare Wholesale Kids Air Max , electrical & electronics, and others. The automotive By End-Use industry segment is estimated to grow at the highest rate, in terms of both, value and volume, during the forecast period. The growth of this segment can be attributed to the increasing production of vehicles and rising demand for lightweight automotive components in developed and emerging regions.
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Asia Pacific is estimated to be the fastest-growing region for injection Molding machines during the forecast period, in terms of value. Rapidly growing By End-Use industries Wholesale Mens Air Max , competitive manufacturing costs, rising demand from the automotive industry, and high economic growth rates are the major factors for the growth of the injection Molding machine market in this region. The use of injection Molding machines for lower production capacities is less economical, which is a major factor restraining the growth of the market.