India Injection Moulders Market Set to Reach USD 584.4 Million by 2035, Reports FMI

The India injection moulders market is on a steady upward trajectory, valued at USD 344.6 million in 2025 and projected to reach USD 584.4 million by 2035, expanding at a CAGR of 5.3%, according to the latest analysis by Future Market Insights (FMI). The rise in complex manufacturing requirements across automotive, medical, and consumer goods segments continues to shape the landscape of injection moulding technologies in India.

A Decade of Transformation: Outlook and Growth Drivers

The injection moulding sector in India is experiencing sustained growth as industries shift toward lightweight, durable, and precision-engineered components. In particular, the automotive sector-bolstered by the rapid growth of electric vehicles (EVs)-is shaping the demand curve for advanced injection moulding capabilities. Lightweight plastic components, critical for improving vehicle efficiency, are increasingly produced using high-precision injection moulding systems.

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Equally significant is the medical devices sector, where India has emerged as a global manufacturing hub. From syringes and catheters to implant-grade components, injection moulders play a central role in meeting strict regulatory and quality guidelines. As India strengthens its position among the world's top 20 medical device exporters, demand for high-accuracy moulded parts continues to rise.

Technology Takes Center Stage

The integration of automation, robotics, and digital manufacturing technologies is accelerating the industry's evolution. Injection moulders across the country are adopting robots for part handling, using AI-enabled systems for defect detection, and integrating advanced controls for process optimization.

These technologies are improving repeatability, reducing production costs, and enabling manufacturers to meet the rising demand for intricate, high-strength components.

Simultaneously, emerging materials-such as bioplastics, recyclable polymers, and advanced alloys-are opening new opportunities in sustainable and high-performance manufacturing.

Government Policies Fuel Local Competitiveness

Government initiatives such as Make in India and Atmanirbhar Bharat continue to drive industrial development by encouraging domestic manufacturing capabilities. These initiatives also support capital investments, localization of production, and the adoption of cutting-edge technologies across the plastics and tooling industry.

However, the sector is not without challenges. Raw material price volatility, particularly in polymers and engineering plastics, poses pressure on margins. Rising competition and the need for continuous reinvention of technology further add to strategic pressures for manufacturers.

Segment-Level Insights

By Mould Type

• Cold runner moulds will continue to dominate, growing at 5.4% CAGR, owing to cost-effectiveness and better control in low-to-medium volume applications.
• Hot runner moulds, led by externally heated systems, are expected to grow at 5.8% CAGR, supported by reduced waste and superior temperature control.

By Material

• Plastic moulding remains the backbone of the industry, expanding at 5.6% CAGR, driven by rising applications in EVs, packaging, electronics, and consumer goods.
• Metal Injection Moulding (MIM) is emerging rapidly with a 6.1% CAGR, providing high-precision components for aerospace, medical, automotive, and electronics sectors.

By End Use

• Automotive is forecast to be the fastest-growing segment (CAGR 5.7%), supported by EV production, lightweighting initiatives, and advanced interior component requirements.
• Aerospace and defense will grow steadily at 5.2%, supported by demand for precision-engineered, durable, lightweight components.

Competitive Landscape: Leading Industry Players in India

From 3D printing pioneers like Think 3D to precision engineering leaders like Micro Plastics and Tooling Temple, industry players are aggressively expanding their portfolios while investing in new technologies to reduce waste, enhance throughput, and improve moulding precision.

Strategies Powering Market Expansion

Key players are focusing on:

• Energy-efficient machinery aligned with sustainability goals
• AI, IoT, and machine learning integration for predictive maintenance and real-time production control
• Diversification into EVs, aerospace, and renewable energy sectors
• Geographic expansion toward Southeast Asia and other emerging economies
• Increased transparency and compliance with global environmental standards

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About Future Market Insights (FMI)

Future Market Insights, Inc. (FMI) is an ESOMAR-certified, ISO 9001:2015 market research and consulting organization, trusted by Fortune 500 clients and global enterprises. With operations in the U.S., UK, India, and Dubai, FMI provides data-backed insights and strategic intelligence across 30+ industries and 1200 markets worldwide.

This release was published on openPR.