In a recent assessment, it has been revealed that the sales of Europe injection moulders are expected to create a lucrative incremental growth opportunity, totaling US$ 1,247.6 million by the end of 2033. The target market is projected to expand to 1.6 times its current market value during this forecast period, reflecting the sustained demand and evolving opportunities in the injection moulding sector in Europe.
The Injection Moulders Market in Europe is poised for robust growth, with a projected compound annual growth rate (CAGR) of 4.1% expected throughout the forecast period. Over this time frame, the market’s value is forecasted to experience significant expansion, surging from an estimated US$ 2,330.1 million in 2023 to reach a projected US$ 3,481.2 million by 2033. This growth trajectory underscores the sustained demand for injection moulding services in Europe, driven by factors such as technological advancements, diverse industrial applications, and the region’s evolving manufacturing landscape.
Injection molds, commonly referred to as molders, are pivotal tools employed in the injection molding process to craft a wide array of plastic objects. Typically constructed from durable materials like steel or aluminum, these molds serve as the means to transform heated and liquefied plastic material into specific and predetermined shapes, constituting an integral component of the injection molding procedure.
The hot runner mould segment has emerged as the dominant leader within the mould type category in the Injection Moulders Market in Europe, accounting for a substantial market share of over 70%. It is poised for continued growth with an anticipated compound annual growth rate (CAGR) of approximately 3.9% over the forecast period spanning from 2023 to 2033.
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Key Trends
A notable trend in plastic production is the increased focus on acquiring extensive data for manufacturing process control, driven by evolving industry demands. Ongoing studies are exploring in-mold process monitoring tools and methods specifically designed for injection molding processes.
Critical data for process control is derived predominantly from the mold cavity, and recent advancements include the development of standardized sensors for measuring in-mold process parameters.
The automotive sector is experiencing a transformation propelled by advancements in battery technology and innovative engine design, leading to the rise of electric cars gaining momentum in the market.
In response to the growing demand for electric vehicles, manufacturers are making substantial investments in establishing supply chains capable of meeting this surge. Injection molding, particularly in the production of plastic components for electric cars, plays a pivotal role in this evolving supply chain landscape.
Key Factors
Surging Need for Plastic Components: The escalating demand for plastic components and parts across a diverse range of industries is anticipated to be a significant driver of the European market, reflecting the pivotal role injection molding plays in meeting these needs.
Continual Manufacturing Sector Growth: Europe’s manufacturing sector continues to expand, and the ever-increasing applications of injection molding within this domain are poised to sustain the growth of the target market.
Intricate Component Production: Injection molders’ ability to efficiently produce intricate parts and components is expected to further propel their adoption throughout Europe, as industries seek precision and complexity in their products.
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Key Players:
- Modelos Atienza Climent S L
- Upmold Company
- CVA Plastic
- Dino Brunelli S.a.s. di Giampaolo Brunelli & C.
- Nolato AB (Nolato)
- Erreka Group
- WIT MOLD LIMITED
- GEOCAD Group
- VEM TOOLING (I) PVT LTD
- Aco Mold Co Limited
- INPLASTIC
- TAIZHOU HUANGYAN JMT MOULD CO., LTD
Competitive Landscape
Key injection moulder manufacturers are focusing on developing innovations to meet end user demand across Europe. They are also using strategies such as mergers, facility expansions, partnerships, collaborations, acquisitions, and agreements to strengthen their presence and increase revenues.
Recent developments:
- In March 2023, Xometry expanded its footprint in the European region with the acquisition of Istanbul-based Tridi.
- In July 2022, Husky Technologies launched a second-generation control algorithm for its line of Altanium® mold controllers.
- In February 2021, Fathom Digital Manufacturing Corp acquired Summit Tooling and Summit Plastics, a prominent precision tooling & injection molding services provider.
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Injection Moulders Market in Europe by Category
By Mould Type:
- Cold Runner Mould
- Two Plate Mould
- Three Plate Mould
- Hot Runner (Runnerless) Mould
- Externally Heated Hot Runners
- Internally Heated Hot Runners
- Insulated Hot Runners
By Material:
- Plastic
- Metal
- Rubber
- Ceramic
By End Use:
- Automotive
- Packaging
- Electronics
- Healthcare
- Consumer Goods
- Building & Construction
- Aerospace & Defense
- Others
By Country:
- Germany
- Spain
- Russia
- Italy
- United Kingdom
- France
- BENELUX
- Nordic
- Poland
- Hungary
- Romania
- Czech Republic
- Rest of Europe
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