The Latest Injection Molding Industry Statistics Explained
The global injection molding market size was valued at USD 258.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2020 to 2027.
The statistic indicates that the global injection molding market was worth USD 258.2 billion in 2019 and is projected to experience a continuous growth trajectory with a compound annual growth rate (CAGR) of 5.0% between 2020 and 2027. This growth rate suggests that the market is expected to expand steadily over the forecast period, reaching a higher valuation by 2027. The steady growth of the injection molding market signifies sustained demand for molded products across various industries, indicating a positive outlook for manufacturers and suppliers operating within this sector.
Asia Pacific emerges as the largest regional market for injection molding and accounted for more than 37.0% of the total revenue share in 2019.
The statistic indicates that the Asia Pacific region is the leading market for injection molding, contributing over 37.0% of the total revenue share in 2019. This suggests that a significant portion of the global demand for injection molding products and services is concentrated in Asia Pacific. Factors such as rapid industrialization, growth in manufacturing industries, and favorable economic conditions in countries like China, Japan, and India have likely contributed to the region’s dominance in the injection molding market. As a result, businesses operating in this industry may consider focusing their efforts and investments in the Asia Pacific region to capitalize on the market potential and growth opportunities available there.
Packaging was the largest end-use sector for the injection molding industry, accounting for 30% of the total revenue share in 2019.
The statistic indicates that packaging was the most significant sector within the injection molding industry in terms of revenue share in 2019, capturing 30% of the total revenue generated by the industry. This suggests that a substantial portion of products produced through injection molding in 2019 were intended for use in packaging applications. The high revenue share attributed to packaging highlights the importance and prevalence of injection molded products in the packaging sector, showcasing the industry’s reliance on injection molding technology to meet its manufacturing needs.
The medical segment of the injection molding industry is projected to reach a market size of USD 35.5 billion by 2026.
This statistic refers to a projection in the medical segment of the injection molding industry, indicating that the market size is expected to grow to USD 35.5 billion by the year 2026. Injection molding is a manufacturing process used to produce plastic parts, products, and components, and it plays a crucial role in the medical industry by creating items such as syringes, medical devices, and packaging materials. The projected growth signifies a significant opportunity for companies operating in this specific sector of the injection molding industry, driven by factors such as technological advancements, increasing demand for medical products, and the adoption of innovative manufacturing techniques. This statistic serves as a valuable insight for businesses, investors, and policymakers looking to understand the market dynamics and potential opportunities within the medical segment of the injection molding industry.
North America is projected to grow with a CAGR of 2.8% during the forecast period (2019-2026) in the injection molding industry.
The statement indicates that the injection molding industry in North America is expected to experience a Compound Annual Growth Rate (CAGR) of 2.8% over the forecast period from 2019 to 2026. This suggests that the industry is anticipated to grow steadily at an average rate of 2.8% per year during this timeframe. The CAGR provides a more accurate measure of growth compared to a simple annual growth rate, taking into account the compounding effect over the entire period. This projection implies that the injection molding sector in North America is poised for gradual expansion over the forecast years, reflecting potential market opportunities and increasing demand for injection molded products in the region.
The injection molding machine market was worth $17.1B in 2017.
The statistic “The injection molding machine market was worth $17.1B in 2017” indicates that the total value of sales within the injection molding machine market in 2017 amounted to $17.1 billion. This valuation encompasses the revenue generated by companies producing and selling injection molding machines to various industries during that year. The statistic offers insight into the size and economic significance of the injection molding machine industry in 2017, highlighting the scale of market activity and investment in this sector.
The injection molding machine market is dominated by APAC, which held 63.8% of the market share in 2018.
The statistic indicates that the market for injection molding machines is largely led by the Asia-Pacific region (APAC), which accounted for 63.8% of the total market share in 2018. This suggests that the majority of global production and consumption of injection molding machines happens in APAC, which includes countries like China, Japan, and India. The dominance of the APAC region in the market highlights its significant role in the manufacturing industry, particularly in sectors where injection molding machines are utilized, such as automotive, packaging, and electronics. The statistic underscores the importance of APAC as a key player in the injection molding machine market and its influence on global market trends and developments.
The automobile industry is the largest end-user segment in injection molding, accounting for almost 50% of the market share.
The statistic indicates that the automotive industry is the primary user of injection molding technology, making up nearly half of the market. Injection molding is a manufacturing process used to produce a wide range of parts and products by injecting molten material into a mold. The high demand for injection molding in the automotive sector can be attributed to the complex and precise components required for vehicles, such as interior trim, dashboards, bumpers, and other parts. The industry’s substantial market share signifies its significant reliance on injection molding for cost-effective and efficient production of components, highlighting the crucial role of injection molding in meeting the automotive industry’s manufacturing needs.
As of 2018, China made up for 28.7% of the world’s injection mold machine market.
The statistic ‘As of 2018, China made up for 28.7% of the world’s injection mold machine market’ indicates that in the year 2018, China accounted for nearly a third of the global market share for injection mold machines. This suggests that China plays a significant role in the production and consumption of these machines on a global scale. The high market share implies that China has a strong presence and influence in the injection mold machine industry, potentially shaping trends and dynamics in the market. This statistic underscores China’s importance in manufacturing and highlights its position as a key player in the global industrial machinery sector.
It’s estimated that over 2/3 of all plastic molded part defects are changeable to one or more of the three most influenced process inputs – material, mold, and machine.
The statistic indicates that a significant portion, specifically over two-thirds, of defects in plastic molded parts are attributed to factors related to the manufacturing process. These defects are said to be changeable, meaning they can be rectified by addressing issues with the three primary process inputs: material, mold, and machine. This suggests that by focusing on improving the quality and control of these key aspects of the production process, manufacturers can potentially reduce the occurrence of defects and improve overall product quality. Such insights are valuable for guiding efforts to enhance process efficiency and product consistency in plastic molding operations.
A study found that injection molders’ scrap rates range from a low of 0.69% to high of 4%.
The statistic indicates that in a specific study of injection molders, the scrap rates, or the percentage of defective products produced during the manufacturing process, varied between 0.69% and 4%. This range suggests that the quality control practices and efficiency in production processes among injection molders differ significantly. A low scrap rate of 0.69% indicates a higher level of precision and quality control, leading to fewer defective products being generated during manufacturing. On the other hand, a high scrap rate of 4% suggests potential inefficiencies, errors, or inconsistencies in the production process that result in a higher percentage of defective products. Understanding this range can help researchers and industry professionals identify best practices and areas for improvement in order to reduce scrap rates and enhance overall productivity and product quality in the injection molding industry.
The plastic resins market (a key input for injection molding) is expected to reach $931.5B by 2027.
The statistic stating that the plastic resins market is expected to reach $931.5 billion by 2027 indicates a significant growth projection in the industry. Given that plastic resins play a crucial role as a key input for injection molding, this growth reflects the increasing demand for plastics in various manufacturing sectors such as automotive, packaging, electronics, and construction. Factors contributing to this expected expansion may include the rise in consumer goods production, infrastructure development, and technological advancements driving innovation in plastic materials. Businesses involved in injection molding processes and related industries should prepare for potential market growth opportunities and challenges ahead in order to capitalize on this projected expansion.
In 2019, the electrical and electronics segment was the second-largest application area for plastic injection molding and held around 19.8% share of the total market value.
The statistic indicates that in 2019, the electrical and electronics segment ranked as the second-largest application area for plastic injection molding, accounting for approximately 19.8% of the total market value. This suggests that a significant portion of the plastic injection molding industry’s output was directed towards producing components for electrical and electronics products such as consumer electronics, appliances, and automotive electronics. The data highlights the importance of the electrical and electronics sector in driving demand for plastic injection molding services and products, showcasing the industry’s role in supporting technological advancements and innovation within these industries during that time period.
ABS accounted for the largest market share of over 29.4% in 2020, most of it was used in the injection molding industry.
The statistic indicates that Acrylonitrile Butadiene Styrene (ABS) was the dominant material in terms of market share, constituting over 29.4% of the total market in 2020. The majority of this ABS material was utilized within the injection molding industry, reflecting its popularity and widespread use in various manufacturing processes. This suggests that ABS is highly preferred for its desirable properties such as impact resistance, toughness, and ease of processing, making it a versatile choice for applications requiring durable and cost-effective plastic products. The statistic reinforces ABS’s importance in the market and its significance as a material of choice for the injection molding industry in 2020.
The energy saving injection molding machine accounted for around 60% market share in 2020.
The statistic indicates that in 2020, energy-saving injection molding machines held a dominant position in the market, capturing approximately 60% of the total market share. This suggests a significant preference for energy-efficient machinery within the injection molding industry, likely driven by factors such as cost savings, environmental considerations, and regulatory incentives. The high market share also implies that manufacturers and consumers are increasingly prioritizing energy efficiency in their operations, which aligns with broader sustainability trends across industries. This statistic underscores the growing importance of energy-efficient technologies in reducing environmental impact and operational costs within the injection molding sector.
The North America Injection Molding Machine Market was valued at USD 1.3 billion in 2020 and is projected to reach USD 1.74 billion by 2026.
The statistic indicates that the North America Injection Molding Machine Market had a value of USD 1.3 billion in 2020, and it is expected to grow to USD 1.74 billion by 2026. This implies a projected compound annual growth rate (CAGR) over the forecast period. The increasing value of the market suggests a rise in demand for injection molding machines in North America, likely due to the growing manufacturing sector and the adoption of advanced technologies in industries such as automotive, packaging, and healthcare. This statistic provides valuable insight into the market’s potential growth trajectory and can be used by industry stakeholders to make informed decisions regarding investments, expansions, and strategic planning.
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