|Forecast Period 2020-2027 CAGR||4,1%|
|View value 2027||US$ 20.49 billion|
|Market size in 2019||15.39 billion US dollars|
|Number of pages||120|
|Covered sections||By product type, by machine type, by clamping force, by end-use industry, by region|
|Development Guides||Increasing demand from the packaging and automotive sector to promote the market|
Based on type, the market is segmented into plastics, metals, ceramics, and other raw materials. On the basis of machine type, the market is categorized into electric, hydraulic and hybrid. By clamping force, it is divided into 0-200 ton-force, 201-500 ton-force, and over 500. By end-user, the market is segmented into packaging, automotive, electronics and telecommunications, healthcare, and infrastructure. By geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Drivers and restrictions-
Increasing the Promotion of Sustainability in Fuel Development Training Businesses
Energy cost is becoming an extremely critical component in injection molding processes. In addition to raw materials, which can account for up to 70% of the cost of manufacturing an injection molded part for packaging applications, the 10% share for energy is also a significant cost. As a result, the adoption of electric motors is increasing in casting applications. For example, the electric drive of the laminator is one of the most critical hardware components in a high-performance hydraulic system to reduce energy consumption. Energy savings of up to 30% are possible, according to measurements. Intelligent hydraulic controls can also help save energy on injection molding machines. For example, the GreenLine energy saving kit contains a unit that monitors how much energy has been used. For precise quantification, the unit's software displays the energy consumption of each process phase. Production efficiency, shorter injection times due to dynamic servo motors, higher repeatability, reduced noise and improved acceleration performance are some of the most important advantages of an all-electric injection molding machine. Thus, promoting sustainability in molding operations opens up new avenues of growth for this market.
APAC will lead the global market supported by strong growth in machinery manufacturing
Asia Pacific is home to many fast-growing industries such as machinery manufacturing, automotive and electronics, all of which provide opportunities for die casting machine manufacturers to expand. Highly skilled labor is available in this region at low cost and national governments are investing huge amounts of money to develop their manufacturing sector, which is leading the injection molding machine market share in Asia Pacific. The market size of the area wasUS$6.01 billionin 2019.
During the forecast period, the demand for injection molding machines is expected to be characterized by increased investment in the automotive industry in North America to manufacture lightweight automotive components that reduce the overall weight and manufacturing cost of vehicles. On the other hand, the availability of advanced infrastructure, R&D facilities and skilled workforce in Europe is expected to boost the adoption of injection molding machines in the region.
Key players to focus on increasing production capacity
As the demand for injection molding machines gathers momentum from critical industries such as healthcare, key players in this market are directing their investments towards increasing their production capacity. Higher production will allow these manufacturers to quickly diversify their portfolios and offer a wide range of casting machinery and equipment to end users, strengthening their market position.
In Moncks Corner, South Carolina, Haitian International has opened a new 116,000 square foot facility. It will allow Haitian International's casting machines to be assembled within the country itself.
Table of Contents:
- Definition, by department
- Research Methodology/Approach
- Data sources
- Summary of highlights
- Market Dynamics
- Macroeconomic and Microeconomic Indicators
- Drivers, constraints, opportunities and trends
- Impact of COVID-19
- Short term impact
- Long term impact
- Competition Landscape
- Business strategies adopted by key players
- Consolidated SWOT analysis of key players
- Porter's Five Forces Analysis
- Global Injection Molding Machine Market Share Analysis and Matrix, 2019
- Key market insights and analysis, by segment
- Global Injection Machines Market Size Estimates and Forecasts (Quantitative Data), by Segment, 2016-2027
- Market Size Estimates and Forecasts – By Product Type (Price)
- Market Size Estimates and Forecasts – By Machine Type (Price)
- Market Size Estimates and Forecasts – By Clamping Force (Price)
- Force 0 - 200 tons
- Force 201 - 500 tons
- Over 500 tons of force
- Market Size Estimates and Forecasts – By End-Use Industry (Value)
- Electronics & Telecommunications
- Health Care
- Other (consumer goods, etc.)
- Market Analysis, Insights & Forecast – By Region (Price)
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
- Market Size Estimates and Forecasts – By Product Type (Price)
- North America Injection Molding Machine Market Size Estimates and Forecasts (Quantitative Data), By Segment, 2016-2027
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How large is the injection molding industry? ›
The global injection molding market size was estimated at USD 261.8 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 4.8% from 2022 to 2030.How big is the mold making market? ›
Metal Molds Market for Plastic Injection Molding size was recorded at USD 4.5 billion in 2022.What is the outlook for plastic injection molding industry? ›
Plastics Injection Molding Market Analysis
The global plastics injection molding market is expected to reach 1,44,599 kilotons by the end of this year. It is projected to register a CAGR of over 3.5% during the forecast period.
The estimated value of global plastic injection molding market in 2021 was accounted to be USD 271.6 Billion.What is the market size of injection molding in the US? ›
The market size, measured by revenue, of the Contract Injection Molding Manufacturing industry is $16.8bn in 2023.How big is the injection molding machine market? ›
Injection Molding Machine Market was valued at USD 10.4 billion in 2022 and is projected to reach USD 12.4 billion by 2027, growing at a cagr 3.6% from 2022 to 2027.How much is a mold making fee? ›
A small and simple single cavity plastic injection mold usually costs between $1,000 and $5,000. Very large or complex molds may cost as much as $80,000 or more. On average, a typical mold that produces a relatively simple part small enough to hold in your hand costs around $12,000.What is the biggest Mould in the world? ›
Their fungus, a specimen of Armillaria ostoyae, covered about 1,500 acres (600 hectares) or 2.5 square miles (6.5 square kilometers). And in 2003 Catherine Parks of the USFS in Oregon and her colleagues published their discovery of the current behemoth 2,384-acre Armillaria ostoyae.Why are manufacturing molds so expensive? ›
These moulds are often made from different grades of steel or aluminium. The choice of material for the mould will likely depend on the number of parts to be produced. The more parts to be produced, the better and more expensive grade of steel should be used.
In terms of revenue, polyethylene held the largest market share of more than 25.28% in 2022. It is primarily used in the packaging sector, which includes containers & bottles, plastic bags, plastic films, and geomembranes. It is used in various applications.
What state is best for injection molding? ›
- Mississippi. Mississippi. ...
- Massachusetts. Massachusetts. ...
- Missouri. Missouri. ...
- Iowa. Iowa. ...
- New Jersey. New Jersey. ...
- Texas. Texas. ...
- Illinois. Illinois. Total Injection Molding Technician Jobs: ...
- California. California. Total Injection Molding Technician Jobs:
Injection-moulding machines for rubber or plastic are the world's 548th most traded product. In 2021, the top exporters of Injection-moulding machines for rubber or plastic were China ($1.87B), Japan ($1.22B), Germany ($972M), Austria ($919M), and South Korea ($257M).What is the hourly rate for plastic injection molding machine? ›
How much does an Plastic Injection Molding Operator II make hourly in the United States? The average hourly wage for an Plastic Injection Molding Operator II in the United States is $24 as of May 01, 2023, but the range typically falls between $21 and $26.Why is injection molding successful in industry? ›
The injection molding technique is famous for its fast production rate and efficiency. This high production output provides cost-saving advantages and makes the process ideal for mass production. The technique also focuses on repeatability, with low scrap rates compared to conventional processes.What is the price of plastic moulding machine? ›
|All India - ₹1250000/Piece||Ahmedabad - ₹1500000/Piece|
|Ghaziabad - ₹1195000/Piece||Delhi - ₹800000/Piece|
|Rajkot - ₹750000/Piece|
There are 434 Contract Injection Molding Manufacturing businesses in the US as of 2023, an increase of 0.7% from 2022.How do you value an injection molding company? ›
To get an accurate idea of the value of your injection molding operation, the valuation needs to consider things like past performance, historic growth trends, customer concentration, condition of your equipment, certifications, and other factors.What industry uses injection molding? ›
Medical & Pharmaceuticals
As many medical products must be shatter-proof, non-porous, and perfect in shape, plastic injection molding is critical for medical and pharmaceutical production.
The Engel duo 130000/130000H/8200 combi machines each feature two 85,000 cm³ (approx. 2900 oz.) injection units capable of a combined total shot weight of 270 lbs (122 kg). In terms of footprint, the machines measure 96 feet (29.3 meters) long and 37 feet (6.4 meters) wide.What is the value of metal injection molding market? ›
The global metal injection molding (MIM) market was valued at USD 3.96 billion in 2021 and is expected to reach USD 9.80 billion by 2029, registering a CAGR of 12.00% during the forecast period of 2022-2029.
What is the largest molding machines? ›
Austrian injection molding machine manufacturer ENGEL has set a new record with two injection molding machines delivered to the USA. With a clamping force of 8,000 tons each, they are the largest machines ever built at the St. Valentin plant in Austria.How much is a mold for injection molding? ›
Injection Mold Cost Overview
The plastic injection molding process can cost anywhere from $3,000 to $100,000 or more. Simple molds are typically in the $3,000 and $6,000 range while the price for large, more complex, high-production, or multi-cavity molds can cost $25,000 to $50,000 or more.
Single cavity custom silicone injection molds may cost from $500 to $5000 on average depending on the size and complexity of the mold required. A two cavity mold, one with complex geometry or a mold for a large product can cost as much as $20000.How much does mold flow analysis cost? ›
Even though a complete mold flow analysis costs between $1,000 and $2,000 and takes a few extra days, the practice can pay off quickly, in both time and money. Without mold flow analysis, the whole process is more about trial and error.What cities have the most mold? ›
- Saint Louis—16%
- Minneapolis-St. Paul—16%
- Los Angeles—17%
- Riverside-San Bernardino—20%
Number 1- Florida. Florida takes the cake here. It's the home of many things such as Mickey Mouse, hurricanes, palm trees, The Everglades, and overall craziness! Florida is also home to the state where you are most likely to have a mold issue.What are the top 5 worst molds? ›
The Most Dangerous Molds. Toxic molds fall into five categories. Those categories are Penicilium, Fusarium, Stachybotrys, Aspergillus and Cladosporium.Which molding method is most expensive? ›
An injection mold is easily the most expensive part of the project, and can dramatically increase costs for small part runs. The main factors that influence the cost of an injection mold are the size and intricacy of the part, the material used, and the number of parts being produced.Which is the most expensive manufacturing process? ›
If you have ever been involved in injection molding projects, you know that they can easily be the most expensive part of a project.What is the best material to make a mould out of why? ›
Most mold making materials are utilized are made from natural or manmade rubber because of their flexibility and the ability to reproduce extraordinary detail. But some molds are made with more rigid materials such as gypsum plasters. The most common mold rubbers are natural latex, polyurethane, epoxy and silicone.
What company wastes the most plastic? ›
Most notably, The Coca-Cola Company has been the world's top plastic polluter by a significant margin every year since the global brand audit began in 2018. The 2022 brand audit found more than 31,000 Coca-Cola branded products, a 63% increase from 2021.Which country wastes the most plastic? ›
|Rank||Country||Annual Ocean Plastic Waste (Metric tons)|
China: the plastic leader
As the leading manufacturing economy and exporter of goods in the world, it is not surprising that China is the world's largest producer of plastic as well. China's monthly production of plastics ranges (on average) from between six and eight million metric tons.
|Xometry, Inc.||Derwood, MD||>$200 million|
|Montrose Molders, Inc.||Piscataway, NJ||$25-49.9|
|The Rodon Group||Hatfield, PA||$25-49.9|
|D&M Plastics LLC||Burlington, IL||$10-24.9|
However, because of the cost and time consuming nature of injection moulding tooling design, 3D printing is generally seen as a better process for prototyping.What is one disadvantage of injection molding? ›
Start-up costs are high.
Since custom tooling must be created for each injection molded part, initial start-up costs are high and this isn't economical for low-volume production runs.
Headquartered in Austria and with 9 locations worldwide, ENGEL is the world's leading manufacturer of plastic injection molding machines. Besides machine building, it also offers a wide range of services.What is cheaper than injection molding? ›
Meanwhile, The extrusion process is less costly upfront, with tooling costs 80% to 90% less than injection molding, but slightly more expensive over time as it produces parts at a more medium cost per part.What is the most common material used in injection molding? ›
Materials used in injection molding are plastics, specifically thermoplastics. There are hundreds of thermoplastics, but the most common thermoplastics used in injection molding are: Polypropylene. Polyethylene.How long do injection molding machines last? ›
Plastic injection molds last from hundreds to over a million cycles. A plastic injection mold lifespan depends on its environment, maintenance, structure, SPI classification, and other factors.
How much is rapid injection Moulding? ›
How much does injection moulding cost? Typically, the tooling costs is between $2,000 – $10,000. However, depending on the complexity of the project, type of tool, and other factors, it can go well over $10,000.How sustainable is injection molding? ›
Injection molding has minimal scrap rates.
Compared to other manufacturing processes like CNC machining, injection molding produces very little scraps, making it a more sustainable method.
The main advantage of injection moulding is being able to scale up production to produce a large number of parts. Once the initial costs of the design and the moulds have been covered, the price of manufacturing is very low. The cost of production drops as more parts are produced.Why is injection moulding bad for large products? ›
Large Part Size Limitations
Huge machines are needed to make plastic injection mouldings. Very large parts need an enormous mould tool and become very expensive to make, in which case a process like Plastic Fabrication may be a better choice, depending on the tye of product needed.
Large industrial injection molding machines can cost anywhere from $50,000 to $200,000+. These machines also come with more stringent facility requirements and require skilled labor for operation, maintenance, and monitoring.What is the price of 50 gram plastic Moulding Machine? ›
Vishvakarma Vertical Plastic 50gm injection Moulding Machine at Rs 399999 in Ahmedabad.What is the cheapest type of plastic molding? ›
Materials with the lowest cost, generally polypropylene and polyethylene, are incredibly versatile and are used to make everything from milk jugs to car batteries. These are the materials most people use every day and low material costs help make mass production possible.What is the production rate of injection molding? ›
Injection moulding can produce an incredible amount of parts per hour. Speed depends on the complexity and size of the mould, anywhere between 15-120 seconds per cycle time.How common is injection molding? ›
Plastic injection molding is the most widely used components manufacturing process for a variety of reasons, including: Flexibility: manufacturers can choose the mold design and type of thermoplastic that's used for each component.How much does an injection molding machine cost per hour? ›
Reported machine rates for injection molders range from $20.00 per hour to $328.90 per hour. The most easily defined factor at play is machine tonnage.
What is the national average rate for an injection molding machine? ›
Injection Mold Cost Overview
Simple molds are typically in the $3,000 and $6,000 range while the price for large, more complex, high-production, or multi-cavity molds can cost $25,000 to $50,000 or more.
The Engel duo 130000/130000H/8200 combi machines each feature two 85,000 cm³ (approx. 2900 oz.) injection units capable of a combined total shot weight of 270 lbs (122 kg). In terms of footprint, the machines measure 96 feet (29.3 meters) long and 37 feet (6.4 meters) wide.What is the most common injection molding machine? ›
Hydraulic injection molding machines are the most common type of machine on the market. They are typically less expensive than electric or servo-electric machines, and they are easy to operate.Why is injection molding so expensive? ›
The simple answer is that making a successful injection mould tool is a hugely complex undertaking that require a lot of thought, planning, expertise and labour. The higher the complexity, the more expensive the cost of your mould will be.