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Industrial Mold Market to Reach USD 18 Billion by 2034, Fueled by Demand for Precision and Sustainable Manufacturing

07-17-2025 02:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Reports And Data

Industrial Mold Market

Industrial Mold Market

The global Industrial Mold Market is poised for substantial growth, with the market projected to expand from USD 10 billion in 2024 to USD 18 billion by 2034, reflecting a compound annual growth rate (CAGR) of 6.00%. This steady growth is primarily driven by rising demand in the automotive and electronics industries, along with advancements in manufacturing technologies and increasing emphasis on sustainability.

Market Growth Drivers

One of the key factors propelling the market is the adoption of Industry 4.0 technologies, including automation, digital twins, and IoT-enabled systems. According to Deloitte, these technologies are expected to boost production efficiency by 25% over the next decade. Government-backed initiatives such as the EU's Horizon 2020 program have also supported innovation, while companies like Engel Austria GmbH have introduced AI-powered molding machines aimed at reducing production costs by 15%.

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Sustainability is another important trend shaping the market. With increasing global emphasis on environmental responsibility, there's growing demand for biodegradable and eco-friendly mold materials, expected to rise by 30%. Regulations such as the EU's Circular Economy Action Plan are further encouraging manufacturers to adopt greener practices.

Regional and Segment Highlights

The Asia Pacific region is expected to lead market growth, benefiting from rapid industrialization and infrastructure development. Meanwhile, North America continues to play a crucial role due to its focus on technological innovation.

By Product Type: Injection molds dominate the market, expected to reach USD 12 billion by 2034. Compression molds, growing at a CAGR of 7.5%, are increasingly used in aerospace and electronics for their heat resistance and strength.

By Application: The automotive sector holds the largest share, with electric vehicles and lightweight components driving demand. The electronics sector is the fastest-growing, propelled by the need for smaller, high-performance parts.

By End User: Automotive manufacturers remain the top consumers, while electronics manufacturers are expanding rapidly, with a projected growth rate of 7.5%.

By Technology: While conventional manufacturing remains dominant, additive manufacturing-especially 3D printing-is gaining momentum, growing at 8.0% CAGR. Smart manufacturing is also becoming increasingly popular due to its ability to reduce lead times and optimize output.

By Distribution Channel: Direct sales are currently the largest channel, but distributors are gaining ground fast, supported by digital transformation and growing online platforms.

Market Challenges

Despite strong growth, the market faces hurdles. Regulatory compliance, such as with the EU's REACH directive, continues to add costs and complexity. Rising raw material and energy costs, accounting for up to 20% of production expenses, further pressure profit margins. A shortage of skilled labor and lack of standard global regulations also hamper growth potential.

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Industrial Mold Competitive Strategies

Top 10 Companies

Husky Injection Molding Systems

Revenue: USD 2 billion

Region: North America

Core Product: Injection Molding Machines

Market Position: Leading player with a 20% market share, driven by innovation and extensive product portfolio.

Milacron Holdings Corp.

Revenue: USD 1.5 billion

Region: North America

Core Product: Injection Molding Machines

Market Position: Strong player with a 15% market share, known for its advanced manufacturing technologies.

Engel Austria GmbH

Revenue: USD 1.2 billion

Region: Europe

Core Product: Injection Molding Machines

Market Position: Leading player with a 10% market share, driven by innovation and extensive product portfolio.

Arburg GmbH + Co KG

Revenue: USD 1 billion

Region: Europe

Core Product: Injection Molding Machines

Market Position: Strong player with a 10% market share, known for its advanced manufacturing technologies.

KraussMaffei Group GmbH

Revenue: USD 0.8 billion

Region: Europe

Core Product: Injection Molding Machines

Market Position: Strong player with a 10% market share, known for its advanced manufacturing technologies.

Toshiba Machine Co., Ltd.

Revenue: USD 0.7 billion

Region: Asia Pacific

Core Product: Injection Molding Machines

Market Position: Leading player with a 10% market share, driven by innovation and extensive product portfolio.

Haitian International Holdings Limited

Revenue: USD 0.6 billion

Region: Asia Pacific

Core Product: Injection Molding Machines

Market Position: Strong player with a 10% market share, known for its advanced manufacturing technologies.

Nissei Plastic Industrial Co., Ltd.

Revenue: USD 0.5 billion

Region: Asia Pacific

Core Product: Injection Molding Machines

Market Position: Strong player with a 10% market share, known for its advanced manufacturing technologies.

Romi S.A.

Revenue: USD 0.4 billion

Region: Latin America

Core Product: Injection Molding Machines

Market Position: Leading player with a 10% market share, driven by innovation and extensive product portfolio.

Tupi S.A.

Revenue: USD 0.3 billion

Region: Latin America

Core Product: Injection Molding Machines

Market Position: Strong player with a 10% market share, known for its advanced manufacturing technologies.

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Industrial Mold Market Segmentation

By Product Type

Injection Molds

Compression Molds

Transfer Molds

Blow Molds

Others

By Application

Automotive

Electronics

Medical Devices

Consumer Goods

Aerospace

Others

By End User

Automotive Manufacturers

Electronics Manufacturers

Medical Device Manufacturers

Consumer Goods Manufacturers

Aerospace Manufacturers

By Technology

Conventional Manufacturing

Additive Manufacturing

Smart Manufacturing

By Distribution Channel

Direct Sales

Distributors

Online Sales

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Contact Us:
John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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