The Europe injection moulders market 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. This growth trajectory underscores the sustained demand for injection moulding services in Europe, driven by factors such as technological advancements, diverse industrial applications, and the region’s evolving manufacturing landscape.
In a recent assessment, it has been revealed that the sales of Europe injection moulders are expected to create a lucrative incremental growth opportunity, totaling US$ 1,247.6 million by the end of 2033. The target market is projected to expand to 1.6 times its current market value during this forecast period, reflecting the sustained demand and evolving opportunities in the injection moulding sector in Europe.
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.
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The hot runner mould segment has emerged as the dominant leader within the mould type category in the Europe injection moulders market, 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.
Key Factors Shaping the Europe Injection Moulders Industry
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.
Surging Need for Plastic Components: The escalating demand for plastic components and parts across a diverse range of industries is anticipated to be a significant driver of the European market, reflecting the pivotal role injection molding plays in meeting these needs.
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.
Customization on the Rise: The upward trend of customization is projected to drive the demand for injection molding machines and molders in Europe, as companies prioritize tailoring their products to meet individual customer preferences, thereby boosting the market’s growth prospects.
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Key Players:
- Modelos Atienza Climent S L
- Upmold Company
- CVA Plastic
- Dino Brunelli S.a.s. di Giampaolo Brunelli & C.
- Nolato AB (Nolato)
- Erreka Group
- WIT MOLD LIMITED
- GEOCAD Group
- VEM TOOLING (I) PVT LTD
- Aco Mold Co Limited
- INPLASTIC
- TAIZHOU HUANGYAN JMT MOULD CO., LTD
Competitive Landscape
Key injection moulder manufacturers are focusing on developing innovations to meet end user demand across Europe. They are also using strategies such as mergers, facility expansions, partnerships, collaborations, acquisitions, and agreements to strengthen their presence and increase revenues.
Recent developments:
- In March 2023, Xometry expanded its footprint in the European region with the acquisition of Istanbul-based Tridi.
- In July 2022, Husky Technologies launched a second-generation control algorithm for its line of Altanium® mold controllers.
- In February 2021, Fathom Digital Manufacturing Corp acquired Summit Tooling and Summit Plastics, a prominent precision tooling & injection molding services provider.
Europe Injection Moulders Market by Category
By Mould Type:
- Cold Runner Mould
- Two Plate Mould
- Three Plate Mould
- Hot Runner (Runnerless) Mould
- Externally Heated Hot Runners
- Internally Heated Hot Runners
- Insulated Hot Runners
By Material:
- Plastic
- Metal
- Rubber
- Ceramic
By End Use:
- Automotive
- Packaging
- Electronics
- Healthcare
- Consumer Goods
- Building & Construction
- Aerospace & Defense
- Others
By Country:
- Germany
- Spain
- Russia
- Italy
- United Kingdom
- France
- BENELUX
- Nordic
- Poland
- Hungary
- Romania
- Czech Republic
- Rest of Europe
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