Industrial Mold Market Report 2025 (Global Edition)

Global Industrial Mold Market Report 2025 Market Size Split by Mold Type (Injection Molds, Blow Molds, Extrusion Molds, Compression Molds, Others), by Material Type (Metal Molds, Plastic Molds, Cerami...

Industrial Mold Market Report Description

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Industrial Mold Market Insights Video

Competitive Landscape of the Industrial Mold Market

Key players in the market include companies such as Bosch, Denso, Stratasys, Honda, and Toyota. These companies compete based on product quality, technological innovation, pricing, and customer service. Additionally, mergers and acquisitions, strategic partnerships, and investments in research and development are common strategies market players employ to gain a competitive edge.

Industrial Mold industry news

In December 2023, ENRX developed standalone equipment and integrated systems for induction heating, wireless inductive charging, and contactless power supply. The company Roctool, based in Le Bourget du Lac, France, signed a long-term agreement to provide plastics and composites manufacturers with a sustainable molding solution through a "mold electrification" program. 

(Source: https://www.compositesworld.com/news/enrx-roctool-collaborate-to-advance-mold-electrification)

In February 2024, Maison Demarle(R), the renowned French heritage brand, launched Flexipan(R) in the US, an award-winning line of flexible non-stick silicone and fiberglass molds for consumers. Developed in collaboration with top pastry chefs, Flexipan(R) offered iconic molds prized for their exceptional quality and durability.

(Source: https://www.bakemag.com/articles/18614-maison-demarle-launches-flexipan-non-stick-silicone-molds-in-us)

Top Companies Market Share in Industrial Mold Industry: (In no particular order of Rank)

• Toyota
• Linde Material Handling
• Jungheinrich
• Crown
• Hyster-Yale Materials Handling
• STILL GmbH.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Industrial Mold Market

Which Region will dominate the Industrial Mold Market Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The United States, in particular, dominates the market due to its strong presence in the automotive, aerospace, and electronics industries, which are major consumers of industrial molds. Additionally, the region's emphasis on innovation and adoption of advanced manufacturing technologies further solidifies its position in the global market. Factors such as favorable government initiatives, a skilled workforce, and a strong focus on research and development contribute to North America's leading position in the industrial mold market.

Which is Expanding at the Fastest CAGR?

Europe is emerging as the fastest-growing region in the industrial mold industry. The region's growth is propelled by increasing investments in manufacturing infrastructure, particularly in countries like Germany, Italy, and France. These nations have a strong presence in the automotive, aerospace, and healthcare sectors, driving the demand for industrial molds. Additionally, Europe's focus on sustainability and energy efficiency encourages the adoption of advanced manufacturing technologies, further boosting market growth. Moreover, strategic partnerships between manufacturers and research institutions foster innovation, contributing to the region's rapid expansion in the industrial mold market.

The current report Scope analyzes Industrial Mold Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Industrial Mold Market

According to Cognitive Market Research, the global Industrial Mold market size was estimated at USD 48152.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 19260.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. The industrial mold industry maintains a robust presence in the North American market, driven by a diverse range of manufacturing sectors. The United States, in particular, stands out as a major contributor to the market's growth, supported by its strong automotive, aerospace, and electronics industries. These sectors rely heavily on industrial molds to produce high-quality components with precision and efficiency. The North American market continues to grow steadily, offering lucrative opportunities for mold manufacturers and suppliers.

• According to Cognitive Market Research, the US had a major share in the industrial mold market with a market size of USD 15196.83 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The USA's strong technological infrastructure and skilled workforce further bolster its position in the market. As the demand for customized and high-performance products continues to rise, the USA remains at the forefront of the industrial mold industry, driving innovation and global market trends. 
• The Canadian industrial mold market had a market share of USD 2311.31 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canadian automotive, aerospace, and plastics industries rely on industrial molds to produce various components and products.
• The Mexico industrial mold market is projected to grow at a CAGR of 6.7% during the forecast period, with a market size of USD 1752.74 million in 2024.

 

Europe Industrial Mold Market

According to Cognitive Market Research, with a market value of USD 48152.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 14445.66 million. In Europe, the industrial mold market thrives as a cornerstone of the region's advanced manufacturing sector. Countries like Germany, Italy, and France are at the forefront, boasting robust automotive, aerospace, and engineering industries that heavily rely on industrial molds. Europe's commitment to innovation, quality, and sustainability drives the demand for cutting-edge mold technologies. The region's stringent regulatory standards and emphasis on precision engineering reinforce its position as a global leader in the industrial mold market.

• The United Kingdom industrial mold market had a market share of USD 2426.87 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. The UK maintains its reputation for innovation and high-quality manufacturing. The UK's industrial mold suppliers and manufacturers benefit from access to advanced technology, a skilled workforce, and a supportive business environment. 
• The French industrial mold market is projected to grow at a CAGR of 5.7% during the forecast period, reaching a market size of USD 1329.00 million in 2024.
• According to Cognitive Market Research, the German industrial mold market size was valued at USD 2860.24 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. German manufacturers are known for their high-quality products, innovative technologies, and adherence to strict standards, making them sought-after partners in the global market. 
• The Italy Industrial Mold market is projected to grow at a CAGR of 5.9% during the forecast period, with a market size of USD 1242.33 million in 2024.
• The Russian industrial Mold market is projected to grow at a CAGR of 5.5% during the forecast period, reaching a market size of USD 2239.08 million in 2024.
• The Spain Industrial Mold market is projected to grow at a CAGR of 5.6% during the forecast period, with a market size of USD 1184.54 million in 2024.
• The Luxembourg Industrial Mold market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 447.82 million in 2024.
• The Portugal Industrial Mold market is projected to grow at a CAGR of 6.3% during the forecast period, with a market size of USD 303.36 million in 2024.
• The Greece Industrial Mold market is projected to grow at a CAGR of 6.8% during the forecast period, with a market size of USD 173.35 million in 2024.
• The rest of Europe's Industrial Mold market is projected to grow at a CAGR of 5.2% during the forecast period, with a market size of USD 2239.08 million in 2024.

Asia Pacific Industrial Mold Market

According to Cognitive Market Research, the global Industrial Mold market size was estimated at USD 48152.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 11075.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031. The Asia Pacific region is a dynamic and rapidly growing market in the industrial mold industry. Countries like China, Japan, South Korea, and India contribute to the region's market growth. Asia Pacific's manufacturing sector, fueled by industrialization, urbanization, and the rise of consumer markets, drives the demand for industrial molds across various industries such as automotive, electronics, consumer goods, and packaging. Additionally, the region's cost-effective labor force and expanding infrastructure further enhance its attractiveness as a manufacturing hub.

• According to Cognitive Market Research, the China Industrial Mold market size was valued at USD 4983.75 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. China's competitive advantage lies in its large pool of skilled labor, cost-effective production capabilities, and extensive infrastructure.
• The Japan Industrial Mold market is projected to grow at a CAGR of 8.5% during the forecast period, reaching a market size of USD 1528.35 million in 2024.
• The India Industrial Mold market had a market share of USD 1329.00 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India offers advantages such as a large and skilled workforce, competitive labor costs, and a favorable business environment, attracting investment from domestic and international mold manufacturers.
• The South Korea Industrial Mold market is projected to grow at a CAGR of 9.1% during the forecast period, with a market size of USD 1107.50 million in 2024.
• The Australian industrial Mold market is projected to grow at a CAGR of 9.7% during the forecast period, with a market size of USD 575.90 million in 2024.
• The South East Asia Industrial Mold market is projected to grow at a CAGR of 11.0% during the forecast period, with a market size of USD 764.18 million in 2024.
• The Rest of the Asia Pacific Industrial Mold market is projected to grow at a CAGR of 9.8% during the forecast period, reaching a market size of USD 786.33 million in 2024.

South America Industrial Mold Market

According to Cognitive Market Research, the global industrial mold market size was estimated at USD 48152.2 million, of which the Latin American market has more than 5% of the global revenue with a market size of USD 2407.61 million in 2024. It will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. The Latin American market for industrial molds is steadily growing, driven by the region's expanding manufacturing sector and increasing demand for consumer goods and automotive products. Countries like Mexico, Brazil, Argentina, and Colombia are key market growth contributors. The automotive industry, in particular, plays a significant role in driving demand for industrial molds in Latin America. Latin America may face challenges such as economic volatility and political instability, but ongoing industrialization and infrastructure development present opportunities for growth in the industrial mold sector across the region.

• According to Cognitive Market Research, the Brazil Industrial Mold market size was valued at USD 1030.46 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Brazil benefits from its abundant natural resources, skilled labor force, and growing industrial infrastructure, making it an attractive market for mold manufacturers and suppliers.
• The Argentina Industrial Mold market had a market share of USD 404.48 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina remains a key player in the regional industrial mold market. As the economy continues to stabilize and grow, the demand for industrial molds is expected to rise, presenting opportunities for manufacturers and suppliers in the country.
• The Colombia Industrial Mold market is projected to grow at a CAGR of 7.2% during the forecast period, with a market size of USD 214.28 million in 2024.
• The Peru Industrial Mold market is projected to grow at a CAGR of 7.6% during the forecast period, with a market size of USD 197.42 million in 2024.
• The Chile Industrial Mold market is projected to grow at a CAGR of 7.7% during the forecast period, with a market size of USD 173.35 million in 2024.
• The Rest of Latin America Industrial Mold market is projected to grow at a CAGR of 6.5% during the forecast period, reaching a market size of USD 387.63 million in 2024.

 

Middle East and Africa Industrial Mold Market

According to Cognitive Market Research, the global Industrial Mold market size was estimated at USD 48152.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 963.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. The Middle East and Africa (MEA) region presents a growing industrial mold market driven by expanding manufacturing sectors and increasing infrastructure development. Countries like Saudi Arabia, the United Arab Emirates, South Africa, and Egypt are key contributors to the region's industrial mold market. The automotive, construction, and packaging industries are among the main sectors driving demand for industrial molds in the MEA region.

• According to Cognitive Market Research, the GCC Countries' Industrial Mold market was valued at USD 412.18 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. The GCC's construction boom, particularly in infrastructure projects and real estate development, drives substantial demand for industrial molds used in the production of building materials and components.
• The Egypt Industrial Mold market is projected to grow at a CAGR of 8.0% during the forecast period, reaching a market size of USD 101.12 million in 2024.
• The South Africa Industrial Mold market is projected to grow at a CAGR of 8.7% during the forecast period, with a size of USD 152.16 million in 2024. The country's automotive, aerospace, plastics, and packaging industries are major consumers of industrial molds.
• The Turkey Industrial Mold market is projected to grow at a CAGR of 7.2% during the forecast period, reaching a market size of USD 82.82 million in 2024.
• The Nigeria Industrial Mold market is projected to grow at a CAGR of 6.8% during the forecast period, with a market size of USD 101.12 million in 2024.
• The Rest of the MEA Industrial Mold market is projected to grow at a CAGR of 6.7% during the forecast period, reaching a market size of USD 113.64 million in 2024.

Industrial Mold Market Analysis

Industrial Mold Mold Type Segment Analysis

According to Cognitive Market Research, extrusion molds hold a significant market share in the industrial mold industry, particularly in the plastics, food processing, and construction sectors. These molds are crucial for shaping materials into continuous profiles with complex cross-sections, making them indispensable in various manufacturing processes. The versatility and efficiency of extrusion molds make them preferred choices for producing items like pipes, tubing, window frames, and packaging materials. Additionally, advancements in extrusion technology, such as multi-layer extrusion and co-extrusion, have made them preferred choices for producing items like pipes, tubing, window frames, and packaging materials.

Compression molds are experiencing the fastest growth in the industrial mold market due to their versatility and efficiency in producing complex, high-quality parts. Particularly prominent in automotive, aerospace, and electrical industries, compression molds offer advantages such as shorter cycle times, reduced waste, and superior surface finish. The demand for lightweight and durable materials in these sectors further drives the adoption of compression molding techniques.

• Injection Molds
• Blow Molds
• Extrusion Molds
• Compression Molds
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Industrial Mold Industry. Request a Free Sample PDF!

Industrial Mold Material Type Segment Analysis

According to Cognitive Market Research, metal molds hold a substantial market share in the industrial mold industry, primarily due to their durability, precision, and versatility in shaping a wide range of materials. Industries such as automotive, aerospace, and electronics rely heavily on metal molds to produce high-precision components with consistent quality. The superior thermal conductivity and robustness of metal molds make them ideal for high-volume production processes, ensuring cost-effectiveness and efficiency for manufacturers.

The plastic mold segment is experiencing exponential growth in the industrial mold market, driven by the rising demand for plastic products across various industries. Plastic molds offer flexibility, cost-effectiveness, and the ability to create highly precise, intricate designs. Industries such as packaging, consumer goods, automotive, and healthcare are major consumers of plastic molds. The increasing adoption of advanced plastics, including engineering and biodegradable polymers, further fuels market growth.

• Metal Molds
• Plastic Molds
• Ceramic Molds
• Composite Molds

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Industrial Mold End-use Industry Segment Analysis

According to Cognitive Market Research, industrial molds hold a significant market share in the medical sector due to their crucial role in manufacturing medical devices and equipment. Precision and quality are paramount in this industry, driving the demand for molds producing intricate, sterile components. Industrial molds produce syringes, surgical instruments, implants, and diagnostic equipment. With the increasing demand for healthcare services globally and advancements in medical technology, the demand for industrial molds in the medical sector continues to rise.

The automotive sector is the fastest-growing industrial mold market, fueled by technological advancements and evolving consumer demands. Industrial molds are pivotal in producing automotive components, including interior and exterior parts, engine components, and structural elements. With the automotive industry's shift towards electric and autonomous vehicles, a heightened need for lightweight materials and complex geometries drives the demand for innovative mold designs.

• Medical
• Automotive
• Aerospace
• Consumer Goods
• Electronics
• Others

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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