IMARC Group’s report titled “Automotive Mold Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the global automotive mold market trends. The global market size reached US$ 42.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 75.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.43% during 2024-2032.
Automotive mold refers to a decorative element of an automobile comprising a contoured strip of plastic, metal, hard rubber, etc., located along with the windows and numerous elements of cars. It includes interior trim, door handles, rails, side molding, wheel trim, vents, mudflaps, window moldings, car mats, engine caps, etc. Automotive mold is specifically designed to close the gap filled with adhesive and cover areas with increased inter panel clearance as well as spaces between the glass and the body. As a result, it protects the interior of the vehicle from moisture and corrosion. Automotive mold also prevents the accumulation of dirt and dust on the bumper and wings.
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Automotive Mold Market Trends and Drivers:
The escalating demand for this element to enhance backlit features, radio bezels, interior buttons, and other parts represents is among the key factors stimulating the automotive mold market. Moreover, the rising requirement for decorative elements, as they offer several benefits, including eliminating costly and solvent-based adhesives and preventing secondary labor for overlay application, is acting as another significant growth-inducing factor.
Besides this, the introduction of innovative in-mound techniques by key market players for making the interior and exterior of vehicles attractive is positively influencing the global market. Furthermore, they are also focusing on developing virtual molding via enhanced digital software, which is propelling the market growth. Apart from this, the widespread adoption of light commercial vehicles (LCVs) with low rolling resistance tires is further bolstering the global market. Additionally, the inflating popularity of hydroforming and forging variants is anticipated to fuel the automotive mold market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Technology:
- Casting Mold
- Injection Mold
- Compression Mold
- Others
Breakup by Application:
- Exterior Parts
- Interior Parts
Breakup by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle
- Heavy Trucks
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Alpine Mold Engineering Limited
- Amtek Plastics UK
- Chief Mold USA
- Flight Mold and Engineering
- Gud Mould Industry Co. Ltd
- JC Mould
- PTI Engineered Plastics
- Sage Metals Limited
- Shenzhen RJC Industrial Co. Ltd
- Sino Mould, SSI Moulds
- Taizhou Huangyan JMT Mould Co. Ltd.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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