Industrial Mold Manufacturing

Industrial Mold Manufacturing

Global Industrial Molds Market to Reach $103 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Industrial Molds estimated at US$78.6 Billion in the year 2020, is projected to reach a revised size of US$103 Billion by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027. Metal & Alloys, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$56.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Rubber segment is readjusted to a revised 3.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $21.6 Billion, While China is Forecast to Grow at 6.6% CAGR

The Industrial Molds market in the U.S. is estimated at US$21.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$20.2 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.2 Billion by the year 2027.

Plastic Segment to Record 3.8% CAGR

In the global Plastic segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.3 Billion in the year 2020 will reach a projected size of US$10.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.1% CAGR through the analysis period.

Select Competitors (Total 42 Featured) -

• Amada Machine Tools Co. Ltd.
• Dalian Machine Tool Group Corporation
• DMG Mori AG
• TRUMPF GmbH + Co. KG
• U. S. Industrial Machinery

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