Press release
Industrial Mold Market Growth Driven By Expanding Manufacturing And Production Sectors: Transformative Forces Shaping the Industrial Mold Market Landscape in 2025
Industrial Mold Market
What Will the Industrial Mold Industry Market Size Be by 2025?
In recent times, the industrial mold market has seen significant growth. It is expected to increase from $50.94 billion in 2024 to $54.04 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. This growth during the historical period can be linked to the expansion of manufacturing and automotive industries, the effects of globalization and supply chain dynamics, the surge in consumer electronics, advancements in plastic injection molding, and the heightened adoption of precision machining.
What's the Long-Term Growth Forecast for the Industrial Mold Market Size Through 2029?
Projected to witness significant expansion in the coming years, the industrial mold market is forecasted to reach $70.42 billion by 2029, growing at a compounded annual rate of 6.8%. The anticipated growth within the prediction timeframe can be ascribed to factors such as the use of innovative materials and alloys, ecologically sustainable and green molding practices, precise mold designs and simulations, global relocation of manufacturing centers, and the use of high-performance materials in the aerospace sector. Major emerging trends within the forecast period encompass micro-molding technology, the incorporation of Industry 4.0, simulation of molds and virtual prototyping, bespoke and swift tooling, as well as the integration of robotics and automation.
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What Are the Key Growth Drivers Fueling the Industrial Mold Market Expansion?
The expansion of the manufacturing and production industry is projected to drive the growth of the industrial mold market. Covering a broad spectrum of activities involving the assembly and production of goods, the manufacturing sector utilises industrial molds, versatile tools essential for pushing production efficiency. They allow for cost-saving, accuracy, and large-scale production across many industries. As an illustration, in July 2023, the UK Office for National Statistics showed that UK manufacturers achieved a product sales value of roughly $579.5 billion (£429.8 billion) in 2022. This represented an increase of $38.3 billion or 7% compared to the figure of $541.2 billion (£401.5 billion) recorded in 2021. Hence, the growth of the manufacturing and production industries will likely spur the expansion of the industrial mold market.
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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Mold Market?
The main players in the market are leaning towards alliances and joint ventures in order to strengthen their product line and attain a competitive edge. When talking about alliances and joint ventures, they imply mutual contracts and partnerships between two or more entities, such as businesses, organizations or people, to collaborate on a specific project, task or mission. For example, X2F, an American molding technology company, collaborated with Covestro AG, a plastic component producer based in Germany in September 2022 to develop an innovative thermally conductive automotive heat sink integrating in-mold electronics, leveraging X2F's high-end controlled viscosity molding technology. This new product gives automotive OEMs and processors a compelling substitute to traditional cast aluminum heat sinks, delivering both economic efficiency and weight reduction. X2F's methodology permits the insertion molding of sensitive electronics, facilitating functional integration, improved heat regulation, modularity, and downsizing.
How Is the Industrial Mold Market Segmented?
The industrial moldmarket 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 Companies Are Leading the Charge in Industrial Mold Market Innovation?
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
Which Regions Are Leading the Global Industrial Mold Market in Revenue?
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.
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