What is Global Automotive Plastic Injection Molding Market?
The Global Automotive Plastic Injection Molding Market is a vast and dynamic sector that plays a crucial role in the automotive industry. This market involves the use of plastic injection molding techniques to manufacture various automotive parts. The process involves injecting molten plastic into a mold, which is then cooled and ejected, resulting in a plastic component. The market's value was estimated at US$ 9567.1 million in 2023, and it is projected to reach US$ 12880 million by 2030. This growth is attributed to the increasing demand for lightweight and durable materials in the automotive industry. The use of plastic injection molding in automotive manufacturing offers numerous benefits, including cost-effectiveness, high production speed, and the ability to produce complex shapes. Furthermore, the growing trend of electric and hybrid vehicles is expected to further boost the market growth.
Thermoplastic Injection Molding, Cold Runner Molding, Hot Runner Molding, Others in the Global Automotive Plastic Injection Molding Market:
The Global Automotive Plastic Injection Molding Market is segmented into various types, including Thermoplastic Injection Molding, Cold Runner Molding, Hot Runner Molding, and others. Thermoplastic Injection Molding is a widely used technique that involves heating plastic pellets to a liquid state and then injecting them into a mold. This method is known for its flexibility and ability to produce high-quality parts. Cold Runner Molding, on the other hand, involves a two-part mold system with a heated injection unit and a cooled mold area. This method is ideal for large-scale production and minimizes material waste. Hot Runner Molding is a method where the plastic is injected into the mold through heated runners, reducing the cycle time and improving the part quality. Each of these methods has its unique advantages and applications, contributing to the overall growth of the market.
Passenger Cars, Commercial Vehicles in the Global Automotive Plastic Injection Molding Market:
The Global Automotive Plastic Injection Molding Market finds extensive application in various areas of the automotive industry, including Passenger Cars and Commercial Vehicles. In Passenger Cars, plastic injection molding is used to manufacture various components such as bumpers, dashboards, and door panels. The use of plastic parts helps to reduce the vehicle's weight, thereby improving fuel efficiency and reducing carbon emissions. In Commercial Vehicles, plastic injection molding is used to produce durable and lightweight parts that can withstand heavy loads and harsh conditions. The growing demand for lightweight and fuel-efficient vehicles is expected to drive the market growth in these areas.
Global Automotive Plastic Injection Molding Market Outlook:
Looking at the market outlook, the Global Automotive Plastic Injection Molding Market is on a positive growth trajectory. In 2023, the market was valued at US$ 9567.1 million. However, it's not just about the past; the future looks promising too. The market is expected to reach a value of US$ 12880 million by 2030. This indicates a Compound Annual Growth Rate (CAGR) of 4.4% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for plastic components in the automotive industry, advancements in plastic injection molding techniques, and the growing trend towards lightweight and fuel-efficient vehicles.
| Report Metric | Details |
| Report Name | Automotive Plastic Injection Molding Market |
| Accounted market size in 2023 | US$ 9567.1 million |
| Forecasted market size in 2030 | US$ 12880 million |
| CAGR | 4.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Bosch (Germany), Panasonic (Japan), Continental (Germany), Compagnie de Saint Gobain (France), Denso (Japan), ZF Friedrichshafen (Germany), Honeywell International (USA), Mitsubishi Electric (Japan), Magna International (Canada), Aisin Seiki (Japan), Hyundai Mobis (Korea), Sumitomo Electric Industries (Japan), Faurecia (France), Valeo Group (France), HUAYU Automotive Systems (China), Lear (USA), Eaton (USA), Adient (USA), Yazaki (Japan), Mahle (Germany) |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
