What is Global Injection Mould Market?
The Global Injection Mould Market is a vast and dynamic sector that plays a crucial role in various industries. Injection moulding is a manufacturing process used to produce parts by injecting molten material into a mould. The global market for this process is substantial and continues to grow. In 2022, the market was valued at a whopping US$ 128530 million. The market is projected to reach an impressive US$ 179580 million by 2029, growing at a compound annual growth rate (CAGR) of 4.8% from 2023 to 2029. This growth is driven by the increasing demand for injection moulded parts in various industries, including automotive, home appliances, packaging, electrical and electronics, medical, and others. However, the growth rate of injection mould production in Europe has seen a downward trend, falling from 4% in 2018 to -19% in 2020. This could be due to various factors, including economic conditions and changes in manufacturing practices. Despite this, the application of injection moulding in the home appliance sector remains the largest segment, accounting for over 60% of the market. This is likely due to the high demand for durable and high-quality parts in this industry.
Two-plate Injection Mold, Three-plate Injection Mould, Stack Injection Mold in the Global Injection Mould Market:
The Global Injection Mould Market is segmented into three main types: Two-plate Injection Mold, Three-plate Injection Mould, and Stack Injection Mold. The Two-plate Injection Mold is the simplest type of injection mould. It consists of two plates, one of which is injected with the molten material. The Three-plate Injection Mould, on the other hand, has an additional plate that allows for more complex and detailed moulds. The Stack Injection Mold is a more advanced type of mould that allows for the production of multiple parts in a single cycle, increasing efficiency and reducing production time. Each of these types has its own advantages and disadvantages, and their usage depends on the specific requirements of the product being manufactured. Despite the differences, all three types play a crucial role in the Global Injection Mould Market.
Automotive, Home Appliance, Packaging, Electrical & Electronics, Medical, Others in the Global Injection Mould Market:
The Global Injection Mould Market finds its application in various sectors. In the automotive industry, injection moulding is used to manufacture a wide range of parts, from interior components to exterior body parts. In the home appliance sector, which is the largest segment in the market, injection moulding is used to produce durable and high-quality parts for various appliances. In the packaging industry, injection moulding is used to create packaging materials that are both durable and aesthetically pleasing. In the electrical and electronics industry, injection moulding is used to produce components that are precise and reliable. In the medical industry, injection moulding is used to manufacture medical devices and components that require high precision and cleanliness. Despite the wide range of applications, the usage of injection moulding in each of these sectors depends on the specific requirements of the products being manufactured.
Global Injection Mould Market Outlook:
The future of the Global Injection Mould Market looks promising, with a projected growth rate of 4.8% from 2023 to 2029. However, the growth rate of injection mould production in Europe has seen a downward trend, falling from 4% in 2018 to -19% in 2020. This could be due to various factors, including economic conditions and changes in manufacturing practices. Despite this, the application of injection moulding in the home appliance sector remains the largest segment, accounting for over 60% of the market. This is likely due to the high demand for durable and high-quality parts in this industry. As the market continues to grow, it is expected that the demand for injection moulded parts in various industries will also increase, driving the growth of the Global Injection Mould Market.
| Report Metric | Details |
| Report Name | Injection Mould Market |
| Accounted market size in 2023 | US$ 135380 million |
| Forecasted market size in 2029 | US$ 179580 million |
| CAGR | 4.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | TQM, Greatoo, Himile, Aco Mold, Tech Mold, Nypro, Ogihara, Adval Tech, Roeders, Chengfei Integration Technology, Tongling Zhongfa Suntech, Motor Dies, Changhong Technology |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
