Press release
Industrial Mold Market: Rapid Growth Driven by Automotive Industry Expansion and Innovative Trends
Industrial Mold Market
What Is The Projected Market Size Of The Global Industrial Mold Market And Its Growth Rate?
The Global Industrial mold market has been experiencing strong growth and is expected to continue its upward trajectory in the coming years.
•Grew from $50.61 billion in 2024 to $54.49 billion in 2025 with a CAGR of 7.7%.
•Predicated to grow to $71.18 billion in 2029 with a CAGR of 6.9%.
Key drivers include manufacturing growth, automotive industry expansion, globalization and supply chain dynamics, along with advancements in plastic injection molding and increased adoption of precision machining.
What Is Driving The Growth In The Industrial Mold Market?
The growth of the industrial mold market is being fueled by the expansion of the manufacturing and production industry. The wide range of activities in this industry involving the creation and assembly of goods and products boosts the versatility of industrial molds. This in turn enhances manufacturing processes through cost-effective, accurate, and scalable production methods across numerous industries. In 2022, UK manufacturers recorded product sales of approximately $579.5 billion (£429.8 billion), reflecting a growth of $38.3 billion or 7% over the 2021 figure of $541.2 billion (£401.5 billion). Therefore, the expansion of manufacturing and production sectors is driving the growth of the industrial mold market.
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Who Are the Key Players Driving Industrial Mold Market Growth?
The key players driving growth 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
•Ube Industries Ltd.
•Aptar Group Inc.
•Vitro S.A.B de C.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 Are The Key Trends In The Industrial Mold Market?
Future growth in the industrial mold market can be attributed to the following key trends:
•Advanced materials and alloys
•Sustainability and eco-friendly molding
•Precision mold design and simulation
•Global shifts in manufacturing hubs
•High-performance aerospace materials
•Micro-molding technology
•Industry 4.0 integration
•Mold simulation and virtual prototyping
•Customization and rapid tooling
•Robotics and automation integration
What Are The Segments Of The Global Industrial Mold Market?
The global industrial mold market is segmented by:
1)By Type: Metal Molds, Other Material Molds
2)By Material: Plastics, Glass, Rubber
3)By Application: Manufacturing, Automotive, Other Applications
Which Region Leads The Industrial Mold Market?
The largest region in the industrial mold market in 2024 was North America, followed by Western Europe. The market report also covers the regions of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Mold Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Mold Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Mold Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Mold Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Mold Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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