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Key Trend Shaping the Industrial Mold Market in 2025: Growing Adoption Of Conformal Cooling Designs In 3D-Printed Molds
Industrial Mold Market Trends
The global industrial mold market reached a value of nearly $50.605 billion in 2024, having grown at a compound annual growth rate (CAGR) of 5.15% since 2019. The market is expected to grow from $50.605 billion in 2024 to $71.18 billion in 2029 at a rate of 7.06%. The market is then expected to grow at a CAGR of 6.54% from 2029 and reach $97.693 billion in 2034.
What strategies are being adopted by key players in the industrial mold market?
The key players in the market are adopting extensive strategies in the industrial mold market such as:
• Strengthening business operations through strategic partnerships and acquisitions.
• Focusing on new launches to expand business expertise.
• Enhancing business operations by opening new production facilities.
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To take advantage of opportunities, The Business Research Company suggests that industrial mold companies enhance offerings:
• Developing innovative rubber injection molding machines.
• Integrating advanced technologies such as automated solutions.
• Developing innovative technologies such as reusable manufacturing mold technology and dry molded fibers.
• Strategic partnerships and collaborations.
• Strategic investments to enhance the production of molding products.
What Is Industrial Mold: Market Overview?
Industrial molds are specialized tools used in manufacturing to shape, form, or mold raw materials into desired configurations and finished products. These molds are crucial in industries that require precision and uniformity in mass production.
Industrial molds are produced using specialized materials such as hardened steel, aluminum, or other durable metals and composites that can withstand high temperatures and pressure. The manufacturing of molds involves techniques like machining, CNC (Computer Numerical Control) milling and EDM (electrical discharge machining) to achieve the required precision.
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Who Are The Major Companies Operating In The Global Industrial Mold Market?
The top ten competitors in the market made up to 2.4% of the total market in 2023. Mold-Masters Ltd. was the largest competitor with a 0.47% share of the market, followed by:
• MISUMI Group Inc.
• Plastikon Industries Inc.
• Husky Injection Molding Systems Ltd.
• Nissei Plastic Industrial Co., Ltd.
• Synventive Molding Solutions.
• DMG Mori Aktiengesellschaft
• Milacron LLC.
• Meusburger Georg GmbH & Co KG
• Trumpf SE + Co. KG
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. We have published over 15,000 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
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