Automotive Mold Market Outlook, Major Players, Industry Analysis and Forecasts to 2027

Byimarcsuraj

 IMARC Group has recently released a new research study “Automotive Mold Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the Automotive Mold Industry?

The global automotive mold market size reached US$ 36.57 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 57.49 Billion by 2027, exhibiting a growth rate (CAGR) of 7.70% during 2022-2027.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

What is a Automotive Mold Market?

Automotive molds are decorative elements made of a contoured strip of plastic, metal or hard rubber located along windows and other vehicle parts. They comprise engine caps, door handles, rails, side molding, wheel trim, vents, mudflaps, and interior trim. They are designed to cover areas with increased inter-panel clearance, close gaps filled with adhesive, and cover spaces between the glass and the body. They also prevent dirt and dust from accumulating on the wings and bumper. As a result, automotive molds are widely used for protecting the vehicle interior from corrosion and moisture.

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What are the major market drivers in the Automotive Mold Market ?

The global automotive mold market is primarily driven by the rising product demand to decorate backlit features, interior buttons, radio bezels, and other parts. Moreover, the introduction of innovative in-mound techniques for making the interior and exterior of vehicles attractive is positively influencing the market growth. Additionally, the surging adoption of automotive mold as it eliminates costly and environmentally unfriendly solvent-based adhesives and prevents secondary labor for overlay application, multiple colors, and 3D graphics is another major growth-inducing factor.

Besides this, the rising use of compression molds in air outlet grilles, mirror shells, and cockpits has catalyzed market growth. Furthermore, there has been a rise in demand for light commercial vehicles (LCVs) with low rolling resistance tires. In line with this, the rapid expansion in the automobile industry is contributing to market growth. Other factors, including the emergence of lightweight molds, stringent safety rules, and the surging popularity of SUVs and pickup trucks, are also anticipated to propel the market growth.

Who are The Major Players in Automotive Mold Market?

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.

Report Segmentation:

The report has been segmented the market into 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

 By Geography:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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