Press release
Primary Catalyst Driving Industrial Mold Market Evolution in 2025: Industrial Mold Market Growth Driven By Expanding Manufacturing And Production Sectors Driver
Industrial Mold Market Size
Growth in the manufacturing and production sector is anticipated to stimulate the expansion of the industrial mold market. The sector involves various tasks linked to the fabrication and assembly of commodities. Industrial molds, as versatile instruments, augment these processes by permitting cost-efficient, accurate, and scalable construction of a myriad of products in a variety of sectors. As an illustration, the Office for National Statistics, a UK-based statistics body, reported in July 2023 that UK manufacturers recorded total product sales of about $579.5 billion (£429.8 billion) in 2022. This represents a surge of $38.3 billion or a 7% rise from the $541.2 billion (£401.5 billion) logged in 2021. Hence, the growth of manufacturing and production sectors is likely to propel the expansion of the industrial mold market.
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How will the growth rate of the industrial mold market shape industry trends by 2034?
The size of the industrial mold market has seen significant growth in the past years and is expected to increase from a valuation of $50.61 billion in 2024 to $54.49 billion in 2025. This indicates a compound annual growth rate (CAGR) of 7.7%. The contributing factors to this growth during the historical period include advancements in manufacturing, the expansion of the automotive industry, dynamics of globalization and supply chain, the surge in consumer electronics, progress in plastic injection molding, and a growing adoption of precision machining.
Expectations are high for substantial growth within the industrial mold market in the forthcoming years. Projected to expand to a hefty $71.18 billion by 2029, the market is poised for a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this anticipated growth during the forecast period include advancements in materials and alloys, green and sustainable molding methods, fine-tuned mold design and simulation, the globalization of manufacturing hubs, and the use of robust aerospace materials. Key trends to watch for during this forecast period are the increased use of micro-molding technology, the integration of industry 4.0, the adoption of mold simulation and virtual prototyping, customization coupled with rapid tooling, and the incorporation of robotics and automation.
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What trends are poised to drive the future success of the industrial mold market?
Leading firms within the market are strategically focusing on collaborations and partnerships to amplify their product portfolio and secure a competitive edge. This refers to mutual agreements and associations formed between two or more parties such as corporations, organizations, or individuals, to jointly work on particular projects, initiatives, or objectives. For instance, in September 2022, X2F, which is a US-based molding technology company, joined forces with Covestro AG, a company based in Germany that manufactures plastic components. Their common goal was to develop an innovative thermally conductive automotive heat sink embedded with in-mold electronics, leveraging X2F's sophisticated controlled viscosity molding technology. This transformative product provides automotive OEMs and processors with a compelling alternative to traditional cast aluminum heat sinks by offering cost-efficiency and weight reduction benefits. X2F's techniques facilitate the mold insertion of sensitive electronics, resulting in function integration, improved heat management, modularity, and miniaturization.
Which primary segments of the industrial mold market are driving growth and industry transformations?
The industrial mold market covered in this report is segmented -
1) By Type: Metal Molds, Other Material Molds
2) By Material: Plastics, Glass, Rubber
3) By Application: Manufacturing, Automotive, Other Applications
Subsegments:
1) By Metal Molds: Steel Molds, Aluminum Molds, Copper Molds, Other Metal Molds
2) By Other Material Molds: Plastic Molds, Composite Molds, Silicone Molds, Glass Molds
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Which geographical regions are pioneering growth in the industrial mold market?
North America was the largest region in The industrial mold market in 2024. Western Europe was the second largest region of the industrial mold market. The regions covered in the industrial mold market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the industrial mold market landscape?
Major companies operating 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, UbeIndustries Ltd., AptarGroup Inc., VitroS.A.BdeC.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
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What Is Covered In The Industrial Mold Global Market Report?
•Market Size Forecast: Examine the industrial mold market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial mold market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial mold market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial mold market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial mold market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial mold market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial mold market.
•Competitive Landscape: Review strategic developments in the industrial mold market, including expansions, agreements, and new product launches.
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