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 worldwide. This market revolves around the production and distribution of injection moulds, which are primarily used in the manufacturing process to shape molten material into specific forms. The global market value of injection moulds stood at a staggering US$ 28530 million in 2023 and is projected to reach US$ 36080 million by 2030. This growth is driven by the increasing demand for these moulds in various sectors, including automotive, home appliances, packaging, electrical and electronics, medical, and others. The versatility and efficiency of injection moulds make them an indispensable tool in these industries.
Two-plate Injection Mold, Three-plate Injection Mould, Stack Injection Mold in the Global Injection Mould Market:
Diving deeper into the Global Injection Mould Market, we find three main types of injection moulds: Two-plate Injection Mold, Three-plate Injection Mould, and Stack Injection Mold. Each type has its unique features and applications, contributing to the market's diversity and growth. The Two-plate Injection Mold is the simplest and most common type, consisting of two plates that close to form a cavity. The Three-plate Injection Mould, on the other hand, has an additional plate that allows for more complex and precise moulding. Lastly, the Stack Injection Mold is a more advanced type that allows for the production of multiple items at once, significantly increasing efficiency and output. These different types cater to the varying needs of industries, further driving the market's expansion.
Automotive, Home Appliance, Packaging, Electrical & Electronics, Medical, Others in the Global Injection Mould Market:
The usage of injection moulds in various sectors is a testament to their versatility and efficiency. In the automotive industry, they are used to manufacture various parts, from interior components to engine parts. Home appliances also heavily rely on injection moulds for the production of parts like casings, buttons, and handles. The packaging industry uses them to create containers of various shapes and sizes, while the electrical and electronics sector uses them to produce components like connectors, switches, and casings. In the medical field, injection moulds are used to create a wide range of products, from surgical equipment to prosthetics. Other sectors also utilize injection moulds for various applications, further contributing to the market's growth.
Global Injection Mould Market Outlook:
Looking at the market outlook for the Global Injection Mould Market, it's clear that this sector is on a steady growth trajectory. In 2023, the market was valued at US$ 28530 million and is expected to reach US$ 36080 million by 2030, marking a Compound Annual Growth Rate (CAGR) of 3.4%. However, it's worth noting that the growth rate of injection mold production in Europe saw a decline from 4% in 2018 to 1.9% in 2020. Despite this, the Home Appliance sector remains the largest segment, accounting for over 60% of the market. This data paints a picture of a market that, while facing some challenges, continues to grow and evolve.
| Report Metric | Details |
| Report Name | Injection Mould Market |
| Accounted market size in 2023 | US$ 28530 million |
| Forecasted market size in 2030 | US$ 36080 million |
| CAGR | 3.4% |
| 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 | 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 |
