An injection molding machine is used for manufacturing products made up of plastics, rubber, metal, and ceramic. It consists of two main parts - an injection unit and a clamping unit. The injection unit is like an extruder, whereas the clamping unit is concerned with the operation of the mold. Injection molding machines can fasten the molds either at the horizontal or the vertical position. There are three types of injection molding machines - hydraulic injection molding machines, all-electric injection molding machines, and hybrid injection molding machines. Hydraulic injection molding machine is the largest type segment of the injection molding machine market. APAC was the largest market for synthetic leather in 2019, in terms of both volume and value. Factors such as growing demand from healthcare industry, rapid industrialization in growing economies like China, India & Thailand and increasing demand for plastic molds in electric vehicles will drive the injection molding machine market.