What is the Historical Analysis of the Industrial Mold Market Size?
The industrial mold market has seen considerable growth due to a variety of factors.
• The size of the industrial mold market has seen substantial growth in recent years. It is expected to expand from a value of $50.61 billion in 2024 to $54.49 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.7%.
This growth during the historic period can be tied to factors like the expansion of manufacturing and the automotive industry, the influences of globalization and supply chain dynamics, the surge in consumer electronics, advances in plastic injection molding, and the heightened use of precision machining.
What are the Forecasted Growth and Key Factors of the Industrial Mold Market?
The industrial mold market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the industrial mold market is projected to experience significant expansion. The market is anticipated to swell to a considerable $71.18 billion by 2029 with a compound annual growth rate (CAGR) of 6.9%.
Factors contributing to this ascent during the forecast period include advancements in materials and alloys, adoption of sustainable and environmentally friendly molding practices, accurate mold design and simulation, global shifts in manufacturing centres, along with high-performance aerospace materials. Key trends during this forecast period encompass micro-molding technology, the incorporation of industry 4.0, simulation and virtual prototyping of molds, customization and rapid tooling, as well as integration of robotics and automation.
Which Key Drivers Are Propelling Th Industrial Mold Market's Growth?
The expansion of the industrial mold market is anticipated to be propelled by the burgeoning manufacturing and production sector. Encompassing a broad spectrum of activities linked to the construction and assembly of commodities, the manufacturing sector utilizes industrial molds as multi-functional instruments. These tools support the production process, offering cost-efficient, accurate, and flexible manufacturing of various goods in numerous industries. As an instance, the Office for National Statistics, an authoritative statistics institution in the UK, reported in July 2023 that UK manufacturers reached a total product sales value of approximately $579.5 billion (£429.8 billion) in 2022. This figure is an increase of $38.3 billion, or a 7% rise in comparison to the $541.2 billion (£401.5 billion) documented in 2021. Consequently, the growth of the manufacturing and production industries serves as a catalyst for the expansion of the industrial mold market.
How Is the Industrial Mold Market segmented?
The industrial mold market covered in this report is segmented –
1) By Type: Metal Molds, Other Material Molds
2) By Material: Plastics, Glass, Rubber
3) By Application: Manufacturing, Automotive, Other Applications
Subsegments:
1) By Metal Molds: Steel Molds, Aluminum Molds, Copper Molds, Other Metal Molds
2) By Other Material Molds: Plastic Molds, Composite Molds, Silicone Molds, Glass Molds
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What New Trends Are Influencing the Industrial Mold Market?
Top businesses in the market are focusing on collaborations and partnerships to expand their product range and gain a competitive edge. Collaborations and partnerships represent concerted collaborations and relationships established among two or more entities, including corporations, organizations, or individuals, to collectively work on a particular project or initiative. For example, In September 2022, X2F, an American moulding technology company, collaborated with Covestro AG, a plastic component manufacturer based in Germany, to develop an inventive thermally conductive automotive heat sink embedded with in-mold technology, powered by X2F's cutting-edge controlled viscosity moulding technology. This unique product provides an appealing option to automobile OEMs and processors as an alternative to traditional cast aluminum heat sinks, delivering cost efficiency and weight reduction. X2F's process permits the insertion of sophisticated electronics into the molding, facilitating enhanced heat management, miniaturization, and modularity.
Who Are the Key Players in the Industrial Mold Market?
Major companies operating in the industrial mold market include:
• BASF SE
• The Dow Chemical Company
• The Cannon Group Inc.
• Toshiba Machine Co. Ltd.
• Berry Global Inc.
• Amcor PLC
• Eastman Chemical Company
• Sumitomo Heavy Industries Ltd.
• Silgan Holdings Inc.
• The TRUMPF Group
• UbeIndustries Ltd.
• AptarGroup Inc.
• VitroS.A.BdeC.V.
• DMG Mori Co. Ltd.
• ENGEL Austria GmbH
• Haitian International Holdings Ltd.
• Milacron Holdings Corp.
• Stratasys Ltd.
• Proto Labs Inc.
• Nissei Plastic Industrial Co. Ltd.
• Takween Advanced Industries
• Husky Injection Molding Systems Ltd.
• ALPLA India Pvt. Ltd.
• Amada Pvt. Ltd.
• US Industrial Machinery
• Arburg GmbH + Co KG
• KraussMaffei Group GmbH
• StackTeck Systems Ltd.
• Rosti Group AB
• Sino Mould Co. Ltd.
• Apex Plastics
What Is The Most Dominant Region In The Industrial Mold Market?
North America was the largest region in The industrial mold market in 2024. Western Europe was the second largest region of the industrial mold market. The regions covered in the industrial mold market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
