Injection molders market in Europe forecast at $3.4 billion by 2033

Pune, India – The Injection Molders 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 according to Future Market Insights. This growth trajectory underscores the sustained demand for injection molding 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 mold segment has emerged as the dominant leader within the mold 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.

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.

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.