From the demand side, the global injection molding machine market size of 100 billion yuan. According to the forecast of Grand View Research, the global injection molding machine market space is about 15.333 billion US dollars (about 103.1 billion yuan) in 2022. It is expected that in 2023 and 2030, the global injection molding machine market will reach 15.990 billion US dollars and 22.03 billion US dollars, respectively, with a compound growth rate of 4.60%. Domestic, according to the statistics of Zhiyan Consulting, the market size of China's injection molding machine industry in 2021 is 26.3 billion yuan, and the domestic market is expected to reach 28 billion yuan in 2022, with a compound growth rate of about 5% in nearly five years.

From the perspective of downstream demand, the broad application field of plastic products provides an important guarantee for the steady growth of injection molding equipment product demand, and the domestic plastic products production has shown an overall growth trend in the past decade. According to the data released by the National Bureau of Statistics, the annual output of plastic products in China increased from 57.82 million tons to 77.72 million tons in 2012-2022. The downstream application of injection molding machine is also very wide, the main application areas include general plastics, automobiles, home appliances, packaging soft drinks and so on. Among them, the downstream proportion of injection molding machine in China is the highest in the field of general plastics, accounting for 28%; This was followed by automobiles and home appliances, accounting for 26% and 25%, respectively.

Injection molding machine is a typical procyclical product, which is widely distributed downstream and closely related to macro economy. From the perspective of downstream capital expenditure, the cumulative year-on-year growth rate of fixed asset investment in the rubber and plastic products industry in August 2023 turned positive and continued to pick up, with a cumulative year-on-year growth of 3.8% from January to October, and the fixed asset investment in the automobile manufacturing industry maintained a high growth rate, with a cumulative year-on-year growth rate of 18.7% from January to October in 23. Food manufacturing, computer communications and other electronic equipment accumulated year-on-year growth rates of 8.9% and 9.6%, respectively. The cumulative growth rate of fixed assets in the rubber and plastic products industry is basically the same or slightly lagging behind that of the automobile, food and 3c product manufacturing industries. With the gradual recovery of downstream demand, it is expected that the demand for injection molding machines will also gradually pick up.