How Will Industrial Mold Market Grow Through 2023-2032?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s Industrial Mold Global Market Report 2023 offers crucial insights into the industrial mold market help businesses analyse and build stronger strategies.
Five Key insights from the forecast include:
- Market Size – The global industrial mold market size is expected to grow from $23.62 billion in 2022 to $25.36 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The market size of global industrial mold is expected to grow to $32.29 billion in 2027 at a CAGR of 6.2%.
The industrial mold market is anticipated to grow due to the rising automotive manufacturing. Automobile manufacturers employ industrial molds with injection molding to enhance design innovation and decrease vehicle assembly time.
- Key Trend – Manufacturing companies are adopting 3D-printed molds with conformal cooling designs for improved cooling. Conformal cooling in these molds effectively addresses issues like uneven cooling, warping, intricate geometries, thin walls, and tight tolerances, offering enhanced cooling to molded products. These innovative designs are integrated by mold manufacturers, resulting in reduced energy consumption and shorter cooling cycle times, typically by 15-60%.
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- Largest Region – North America was the largest region in The industrial mold market in 2022
- Major Players – Major companies in the industrial mode market include Qingdao Haier Co. Ltd., Hyundai Wia Co Ltd., Ube Industries Ltd., Maxell Holdings Ltd., and Vitro S.A.B de C.V.
- Top Market Segments –
- By Type: Metal Molds, Other Material Molds
- By Material: Plastics, Glass, Rubber
- By Application: Manufacturing, Automotive, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global industrial mold market in 2021.
Read The Full Industrial Mold Market Report Here:
https://www.thebusinessresearchcompany.com/report/industrial-mold-global-market-report
The Industrial Mold Global Market Report 2023 provides a comprehensive outlook of the industrial mold market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The industrial mold market forecast offers a thorough analysis on industrial mold market size, industrial mold market share, prominent players and their strategies.
An industrial mold is a container for shaping plastic materials into finished products.
The Table Of Content For The Industrial Mold Market Include:
1. Industrial Mold Market Executive Summary
2. Industrial Mold Market Segments
3. Industrial Mold Market Size And Industrial Mold Market Growth Rate
4. Key Industrial Mold Market Trends
5. Major Industrial Mold Market Drivers
……
25. Key Mergers And Acquisitions In The Industrial Mold Market
26. Top Industrial Mold Companies
27. Industrial Mold Market Opportunities And Strategies
28. Industrial Mold Market, Conclusions And Recommendations
29. Appendix
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