This report describes and explains the industrial mold market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global industrial mold market reached a value of nearly $50.6 billion in 2024, having grown at a compound annual growth rate (CAGR) of 5.15% since 2019. The market is expected to grow from $50.6 billion in 2024 to $71.18 billion in 2029 at a rate of 7.06%. The market is then expected to grow at a CAGR of 6.54% from 2029 and reach $97.69 billion in 2034.
Growth in the historic period resulted from the strong economic growth, rise in demand for consumer electronics and rising disposable income. Factors that negatively affected growth in the historic period were labor shortages.
Going forward, the increasing industrialization, increasing construction activities, expansion of automotive industry will drive the growth. Factor that could hinder the growth of the industrial mold market in the future include fluctuations in raw material prices.
The global industrial mold market is highly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 2.4% of the total market in 2023. Mold-Masters Ltd. was the largest competitor with a 0.47% share of the market, followed by MISUMI Group Inc. with 0.37%, Plastikon Industries Inc. 0.30%, Husky Injection Molding Systems Ltd. with 0.26%, Nissei Plastic Industrial Co., Ltd. with 0.22%, Synventive Molding Solutions. with 0.20%, DMG Mori Aktiengesellschaft with 0.17%, Milacron LLC. with 0.15%, Meusburger Georg GmbH & Co KG with 0.12% and Trumpf SE + Co. KG with 0.12%.
The industrial mold market is segmented by material into metal, plastics, glass and rubber. The metal market was the largest segment of the industrial mold market segmented by material, accounting for 43.95% or $22.24 billion of the total in 2024. Going forward, the metal segment is expected to be the fastest growing segment in the industrial mold market segmented by material, at a CAGR of 7.38% during 2024-2029.
The industrial mold market is segmented by application into manufacturing, automotive and other applications. The manufacturing market was the largest segment of the industrial mold market segmented by application, accounting for 49.71% or $25.15 billion of the total in 2024. Going forward, the automotive segment is expected to be the fastest growing segment in the industrial mold market segmented by application, at a CAGR of 7.58% during 2024-2029.
Asia Pacific was the largest region in the industrial mold market, accounting for 48.66% or $24.62 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the industrial mold market will be Africa and Middle East where growth will be at CAGRs of 12.10% and 11.93% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 8.10% and 7.75% respectively.
The top opportunities in the industrial mold markets segmented by material will arise in the metal segment, which will gain $9.5 billion of global annual sales by 2029. The top opportunities in the industrial mold market segmented by application will arise in the manufacturing segment, which will gain $10,047. 92 million of global annual sales by 2029. The industrial mold market size will gain the most in China at $5.67 billion.
Market-trend-based strategies for the industrial mold market include focus on developing innovative rubber injection molding machines, focus on integrating advanced technologies such as automated solutions, focus on developing innovative technologies such as reusable manufacturing mold technology and dry molded fibers, strategic partnerships and collaborations and strategic investments to enhance the production of molding products.
Player-adopted strategies in the industrial mold market include focus on strengthening its business operations through their strategic partnerships and acquisitions, focus on new launches to expand their business expertise and focus on enhancing its business operations by opening new production facilities.
To take advantage of the opportunities, the analyst recommends the industrial mold companies to focus on innovative rubber injection molding machines, focus on integrating automated solutions, focus on innovative manufacturing technologies, focus on strategic investments in production, focus on the metal market segment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, continue to use B2B promotions, participate in trade shows and events and focus on the automotive market segment.
The global industrial mold market reached a value of nearly $50.6 billion in 2024, having grown at a compound annual growth rate (CAGR) of 5.15% since 2019. The market is expected to grow from $50.6 billion in 2024 to $71.18 billion in 2029 at a rate of 7.06%. The market is then expected to grow at a CAGR of 6.54% from 2029 and reach $97.69 billion in 2034.
Growth in the historic period resulted from the strong economic growth, rise in demand for consumer electronics and rising disposable income. Factors that negatively affected growth in the historic period were labor shortages.
Going forward, the increasing industrialization, increasing construction activities, expansion of automotive industry will drive the growth. Factor that could hinder the growth of the industrial mold market in the future include fluctuations in raw material prices.
The global industrial mold market is highly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 2.4% of the total market in 2023. Mold-Masters Ltd. was the largest competitor with a 0.47% share of the market, followed by MISUMI Group Inc. with 0.37%, Plastikon Industries Inc. 0.30%, Husky Injection Molding Systems Ltd. with 0.26%, Nissei Plastic Industrial Co., Ltd. with 0.22%, Synventive Molding Solutions. with 0.20%, DMG Mori Aktiengesellschaft with 0.17%, Milacron LLC. with 0.15%, Meusburger Georg GmbH & Co KG with 0.12% and Trumpf SE + Co. KG with 0.12%.
The industrial mold market is segmented by material into metal, plastics, glass and rubber. The metal market was the largest segment of the industrial mold market segmented by material, accounting for 43.95% or $22.24 billion of the total in 2024. Going forward, the metal segment is expected to be the fastest growing segment in the industrial mold market segmented by material, at a CAGR of 7.38% during 2024-2029.
The industrial mold market is segmented by application into manufacturing, automotive and other applications. The manufacturing market was the largest segment of the industrial mold market segmented by application, accounting for 49.71% or $25.15 billion of the total in 2024. Going forward, the automotive segment is expected to be the fastest growing segment in the industrial mold market segmented by application, at a CAGR of 7.58% during 2024-2029.
Asia Pacific was the largest region in the industrial mold market, accounting for 48.66% or $24.62 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the industrial mold market will be Africa and Middle East where growth will be at CAGRs of 12.10% and 11.93% respectively. These will be followed by Western Europe and Eastern Europe where the markets are expected to grow at CAGRs of 8.10% and 7.75% respectively.
The top opportunities in the industrial mold markets segmented by material will arise in the metal segment, which will gain $9.5 billion of global annual sales by 2029. The top opportunities in the industrial mold market segmented by application will arise in the manufacturing segment, which will gain $10,047. 92 million of global annual sales by 2029. The industrial mold market size will gain the most in China at $5.67 billion.
Market-trend-based strategies for the industrial mold market include focus on developing innovative rubber injection molding machines, focus on integrating advanced technologies such as automated solutions, focus on developing innovative technologies such as reusable manufacturing mold technology and dry molded fibers, strategic partnerships and collaborations and strategic investments to enhance the production of molding products.
Player-adopted strategies in the industrial mold market include focus on strengthening its business operations through their strategic partnerships and acquisitions, focus on new launches to expand their business expertise and focus on enhancing its business operations by opening new production facilities.
To take advantage of the opportunities, the analyst recommends the industrial mold companies to focus on innovative rubber injection molding machines, focus on integrating automated solutions, focus on innovative manufacturing technologies, focus on strategic investments in production, focus on the metal market segment, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, continue to use B2B promotions, participate in trade shows and events and focus on the automotive market segment.
Major Market Trends
- Revolutionizing Rubber Injection Molding With Intelligent Automation
- Automated Solutions Are Transforming The Industrial Mold Industry
- Innovative Molding Technologies Transforming Manufacturing Efficiency and Sustainability
- Strategic Partnerships and Collaborations Driving Advanced Molding Solutions
- Strategic Investments Are Shaping The Future of Molding Operations
Key Mergers and Acquisitions
- Blackford Capital Acquires Industrial Molding Corp. to Expand Davalor Mold's Capabilities
- The Heico Companies Acquires Versatile Mold and Design Inc.
- Century Mold Company Inc Strengthens Automotive Sector Presence With IIM Acquisition
- Continental AG Expands Mold-Making Capabilities With EMT Púchov Acquisition
- Plastifab Acquired MoldPro
- NISI Industries Acquired Cast Products Inc (CPI)
- Ryerson Holding Corporation Acquired MoldPro
- Tektite Industries Acquires C&M Mold and Tool to Strengthen Manufacturing Edge
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Industrial Mold Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Industrial Mold Market Segmentation
11 Industrial Mold Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
20 Other Major and Innovative Companies
23 Key Mergers and Acquisitions
24 Opportunities and Strategies
25 Industrial Mold Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Industrial Mold Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global industrial mold market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 23 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for industrial mold? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The industrial mold market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider industrial mold market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by material and by application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - the report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the industrial mold market.
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by material and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for industrial mold providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Material: Metal; Plastics; Glass; Rubber2) by Application: Manufacturing; Automotive; Other Applications
Key Companies Mentioned: Mold-Masters Ltd.; MISUMI Group Inc.; Plastikon Industries Inc.; Husky Injection Molding Systems Ltd.; Nissei Plastic Industrial Co., Ltd.
Countries: China; Australia; India; Indonesia; Japan; South Korea; Thailand; Vietnam, Malaysia; Singapore; Taiwan; USA; Canada; Brazil; Mexico; France; Germany; UK; Italy; Portugal; Spain; Russia; Czech Republic
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; industrial mold indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
Some of the major companies featured in this Industrial Mold market report include:- Mold-Masters Ltd.
- MISUMI Group Inc.
- Plastikon Industries Inc.
- Husky Injection Molding Systems Ltd.
- Nissei Plastic Industrial Co., Ltd.
- Synventive Molding Solutions
- DMG Mori Aktiengesellschaft
- Milacron LLC.
- Meusburger Georg GmbH & Co KG
- Trumpf SE + Co. KG
- Falcon Plastics
- A1 Moulds
- Australian Tooling Solutions
- Rilong Mold Co. Ltd.
- Taizhou Huangyan JMT Mold Co., Ltd.
- TK Group
- Mold-Tek Technologies
- Vesuvius
- A. P. Moller-Maersk (Mold Division)
- PT. Sinar Mas Plastics
- PT. Cipta Moulding
- Nippon Steel & Sumitomo Metal Corporation (Mold Division)
- Toyo Mokei Co., Ltd.
- Daewon Precision Industry Co., Ltd.
- Hanwha Precision Machinery
- Fu Yu Corporation Limited
- Fastech Integrated Solutions, Inc.
- Sunningdale Tech Ltd.
- Chien Yih Machinery Co., Ltd.
- YIZUMI
- Hsin Yung Chien Co., Ltd.
- Hochschule für Technik und Wirtschaft (HTW)
- IMTEC
- Brink B.V.
- Groupe Plastivaloire
- KraussMaffei Group
- Promatrix
- Rosti Poland
- Husqvarna Group
- Haitian UK
- Fyous
- Hexagon AB
- PulPac
- Continental AG
- Hammonton Mold Inc.
- Mold - Tech Standex Bohemia s.r.o.
- Ewikon Moulding Technology s.r.o.
- DPK Morava
- Alfa Plastik, a.s.
- Engel CZ s.r.o.
- Stueken s.r.o.
- Continental
- Michigan's PCS Co.
- Norlen Incorporated
- Kennametal
- Husky Technologies
- CMC Microsystems
- Cavalier Tool & Manufacturing Ltd
- Apf Villeneuve Inc
- Stanley Black & Decker, Inc.
- Plastikon Industries
- Carling Technologies
- Maxcess
- Pro Spot International Inc
- J&K Tool Company
- BICO Steel
- General Motors
- FBT Inc
- Macrodyne Technologies Inc
- Glider Guard Tool & Die Inc
- Berger Precision Ltd
- Ford Motor Company
- D&H Industries
- Pelican Products
- Heyco-Werk USA Inc
- Stratasys
- Carr Lane Mfg. Co
- Cast Products Inc. (CPI)
- Milacron LLC
- Versatile Mold and Design Inc
- Century Mold
- Raise 3D Technologies, Inc
- Ryerson Holding
- Silgan Holdings Inc.
- Berry Global
- EVCO Plastics
- Plastimet S.A.
- Gerdau
- ROMI S.A.
- MCC (Multi-Color Corporation)
- Inyecciones Plásticas S.A.
- Fergoplas SAS
- FIASA
- Silgan Holdings
- Trumpf
- UBE Corporation
- Rosti Group
- Injequaly
- Holcim Group
- Arabian Plastic Industrial Co. (APICO)
- Multi-Color Corporation (MCC)
- In-Mold Label (IML)
- Zim Mold
- Kadril Mold
- Saudi Mold Factory
- Al Yamamah Steel Industries
- Arabian Plastic Industrial Company (APICO)
- MKM Mold
- Teknik Mold
- Al Harbi Plastic Mold
- Moldmaster
- Next Generation Recycling
- Baires Plastics
- R.A. Moulds & Dies
- Polymers & Industrial Molds (PIM)
- Pinnacle Moulds
- Toolroom Technologies
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 374 |
| Published | February 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 50.6 Billion |
| Forecasted Market Value ( USD | $ 97.69 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 118 |
