The market for injection molding machinery in the United States was very strong for the past two quarters, according to data released this week by the SPI Committee On Equipment Statistics (CES).
The shipments value of injection molding machinery rose 25.2 percent in this year’s first quarter compared with the same period in 2015. The shipments value of injection molding machinery jumped 18.2 percent in the fourth quarter of 2015 compared to the year-earlier quarter. For 2015 as a whole, shipments of injection molding machinery were up 6.4 percent when compared with the total from 2014.
“This year got off to a good start. There has been a strong upward trend in the machinery data since the recession hit bottom in 2009, but this trend hit a plateau during the first three quarters of 2015. It re-emerged in the fourth quarter of last year, and the momentum was sustained in the first quarter of this year,” according to Bill Wood, of Mountaintop Economics & Research, Inc. Wood analyzes the plastics machinery market for the CES.
It seems unlikely that the strong sales pace can continue.
U.S. manufacturing dropped 0.4 percent last month. Motor vehicle production—a key indicator for plastics production—plunged 4.4 percent.