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The global automotive mold market size reached US$ 36.57 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 57.49 Billion by 2027, exhibiting a growth rate (CAGR) of 7.70% during 2022-2027.
Automotive mold is a decorative element of an automobile comprising a contoured strip of plastic, metal, or hard rubber, which is located along the windows and different elements of the car. It includes interior trim, door handles, rails, side molding, wheel trim, vents, mudflaps, window moldings, car mats, and engine caps. It is 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. It protects the interior of the vehicle from moisture and corrosion. It also prevents the accumulation of dirt and dust on the bumper and wings.
At present, the growing demand for automotive mold to decorate backlit features, radio bezels, interior buttons, and other parts represents one of the major factors impelling the market. Besides this, automotive mold offers several benefits, such as eliminating costly and environmentally unfriendly solvent-based adhesives, preventing secondary labor for overlay application, multiple colors, and 3D graphics, which is strengthening the growth of the market. Moreover, key players are introducing innovative in-mound techniques for making the interior and exterior of vehicles attractive. They are also focusing on developing virtual molding via enhanced digital software, which is offering a positive market outlook. In addition, there is a rise in the demand for light commercial vehicles (LCVs) with low rolling resistance tires across the globe. In line with this, the expanding automotive industry is propelling the growth of the market. Apart from this, the rising utilization of compression molds in cockpits, air outlet grilles, and mirror shells is bolstering the growth of the market. Additionally, the increasing employment of hydroforming and forging molds due to the escalating demand for lightweight components in the automotive industry is positively influencing the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive mold market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, application and vehicle type.
Breakup by Technology:
Breakup by Application:
Breakup by Vehicle Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Taizhou Huangyan JMT Mould Co. Ltd.
|Base Year of the Analysis||2021|
|Segment Coverage||Technology, Application, Vehicle Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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 and Taizhou Huangyan JMT Mould Co. Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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