Global Automotive Plastic Injection Molding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Plastic Injection Molding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Injection molding is one of the most commonly used plastic production processes because it provides a viable solution to mass-produce high-quality and stable parts from a variety of polymers.

Market Overview:

The latest research study on the global Automotive Plastic Injection Molding market finds that the global Automotive Plastic Injection Molding market reached a value of USD 34722.25 million in 2022. It’s expected that the market will achieve USD 50348.16 million by 2028, exhibiting a CAGR of 6.39% during the forecast period.

European market has a larger share

Driven by Germany, the United Kingdom, France, Italy, and Spain, Europe has a large market share in the Automotive Plastic Injection Molding industry due to the region's huge automotive manufacturing centers. Consumer preferences for lightweight automotive components continue to increase to improve overall vehicle efficiency, driving demand for polymer and plastic composites, which is a key driver for the Automotive Plastic Injection Molding market. Strict government regulations in the region to reduce VOC emissions and increasing government initiatives to support road infrastructure have also stimulated growth in the European market.

The automotive industry is increasingly focusing on reducing the overall weight of vehicles to improve fuel efficiency.

Plastic injection molding of automobile parts has the advantage of being lighter than metal parts, thereby improving fuel efficiency and reducing production costs. In addition, compared to metal processing, plastic injection molding is 25 times cheaper to manufacture. From wiring harnesses and lampshades to dashboards and door handles, molded plastic parts are used throughout the car. As automotive OEMs seek to improve fuel efficiency by reducing weight, the demand for injection-molded plastic parts will continue to grow. And the popularity of electric vehicles will further require a reduction in vehicle weight which is expected to drive demand for injection-molded plastics for automotive applications.

Barriers to funding

The initial investment in the automotive injection molding industry is quite expensive. It can cost thousands of dollars or more to produce the initial mold, but the machinery and equipment used for processing is also quite expensive. There are high capital barriers for new entrants. On the one hand, downstream customers are mainly distributed in the automotive industry with a high degree of marketization and fierce competition in the industry. It has timeliness for product supply, scale of production, and stability of product quality Higher requirements. This has led to higher capital requirements for plastic injection molding products and mold manufacturers in the process of purchasing and constructing factories, purchasing production and testing equipment, and maintaining necessary inventory of raw materials and finished products. On the other hand, the global automotive industry has a relatively high degree of industry concentration. Domestic and foreign OEMs and first-tier component manufacturers often occupy a certain bargaining advantage, and their credit terms are relatively long, causing considerable liquidity pressure for their upstream companies.

Region Overview:

In 2022, the share of the Automotive Plastic Injection Molding market in China stood at 27.59%.

Company Overview:

Denso is one of the major players operating in the Automotive Plastic Injection Molding market, holding a share of 11.52% in 2023.

Denso

DENSO Corporation manufactures electronic parts for automobiles. The Company's products include automobile air conditioners, air bags, ignition systems, generators, power steering systems, and spark plugs with iridium electrode. DENSO also produces communication equipment for mobile navigation system.

Yazaki

Yazaki Corporation manufactures and distributes automotive components. The Company provides wire harness, meters, charging connectors, electric wires, gas and solar equipment, in-vehicle safety and service systems, and more. Yazaki serves customers worldwide.

Segmentation Overview:

By type, Non-autonomous Vehicles segment accounted for the largest share of market in 2022.
Autonomous Vehicles
Autonomous Vehicles, also known as self-driving cars, connected and self-driving cars, driverless cars, self-driving cars, or robotic cars, are a type of vehicle that can sense the environment and drive safely with little or no human intervention car.
Non-autonomous Vehicles
Non-autonomous Vehicles refer to the ordinary cars, which require the driver to operate the car to drive.

Application Overview:

In the Automotive Plastic Injection Molding market, 94.66% of the total value was generated through the Non-electric Vehicles segment by application in 2022.

Key Companies in the global Automotive Plastic Injection Molding market covered in Chapter 3:

Panasonic
Compagnie de Saint Gobain
Lear
Bosch
Yazaki
Mahle
Mitsubishi Chemical
ZF Friedrichshafen
Continental Structural Plastics
Denso
Hyundai Mobis
HUAYU Automotive Systems
Aisin Seiki
Faurecia
Magna International

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Plastic Injection Molding market from 2018 to 2029 is primarily split into:

Autonomous Vehicles
Non-autonomous Vehicles

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Plastic Injection Molding market from 2018 to 2029 covers:

Electric Vehicles
Non-electric Vehicles

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)