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October 2025
The precision injection mould in automotive market is booming, poised for a revenue surge into the hundreds of millions from 2025 to 2034, driving a revolution in sustainable transportation. The growing demand for high-quality plastic components from the automotive manufacturers coupled with advancements in compression molding technology has boosted the market expansion.
Also, rapid investment by market players for opening up new molding centers along with surging demand for commercial vehicles in developed nations is playing a crucial role in shaping the industrial landscape. The research activities related to advanced materials as well as increasing emphasis of automotive companies towards material science domain is expected to create ample growth opportunities for the market players in the upcoming years.
The precision injection mould in automotive market is generally driven by the growing demand for light-weight materials from the automotive manufacturers coupled with rapid investment by government for developing the plastic manufacturing sector. The precision injection moulding in automotive refers to an advanced manufacturing process that uses high-pressure injection of molten plastic into an accurate mold to manufacture complex, durable, and lightweight components for the automakers. There are several types of materials used in this sector consisting of thermoplastics, thermosets, elastomers, bioplastics and some others. It is used for manufacturing various types of automotive components including interior components, exterior components, engine components, safety components, electrical components and some others. These components are designed for numerous types of vehicles comprising of passenger cars, commercial vehicles, electric vehicles, hybrid vehicles and some others. This market is expected to rise significantly with the growth of the overall plastic manufacturing industry across the globe.
| Metric | Details |
| Major Drivers | Growing demand for lightweight materials, technological advancements, and eco-friendly initiatives. |
| Leading Region | North America |
| Market Segmentation | By Component Type, By Material Type, By Vehicle Type, By Application, By Manufacturing Process and By Region |
| Top Key Players | Cumberland Plastic Solutions, MSI Mold, Ohio Precision Molding, Advanced Plastiform, Inc. |
The major trends in this market consists of partnerships, rising sales of passenger vehicles and business expansion.
The interior component segment dominated the market with a share of around 30%. The increasing demand for ventilated seats from luxury car manufacturers to enhance driving comfort has boosted the market expansion. Also, the growing use of molded components for manufacturing center consoles and door panels is playing a vital role in shaping the industrial landscape. Moreover, partnerships among automotive aftermarket companies and EV brands to integrate high-quality components in EVs for enhancing the interior is expected to propel the growth of the precision injection mould in automotive market.
The safety components segment is expected to grow with the highest CAGR of around 15% during the forecast period. The growing emphasis of automotive companies to integrate high-quality safety components in modern vehicles has driven the market growth. Also, the rapid integration of advanced crash sensors in autonomous cars along with rise in number of road accidents in different parts of the world is playing a prominent role in shaping the industry in a positive manner. Moreover, the rising use of molded components for manufacturing airbag housings is expected to drive the growth of the precision injection mould in automotive market.
The thermoplastics segment led the market with a share of around 50%. The growing use of thermoplastic materials for manufacturing automotive interior components such as dashboards and door panels has boosted the market expansion. Also, the increasing application of thermoplastic parts for producing bumpers and body trims is contributing to the industry in a positive manner. Moreover, numerous advantages of thermoplastic materials including recyclability, durability, light-weight, superior strength and some others is expected to foster the growth of the precision injection mould in automotive market.
The elastomers segment is expected to rise with the fastest CAGR of around 20% during the forecast period. The increasing use of elastomers for manufacturing automotive tires and engine gaskets has boosted the market expansion. Additionally, the growing application of automotive elastomers in suspension systems and vibration dampers is playing a vital role in shaping the industrial landscape. Moreover, several advantages of elastomer materials including high elasticity, superior flexibility, enhanced durability, excellent sealing capabilities and some others is expected to propel the growth of the precision injection mould in automotive market.
The passenger vehicles segment led the market with a share of around 60%. The increasing sales of passenger cars in several countries such as India, China, the U.S., Germany and some others has boosted the market expansion. Additionally, surging demand for luxury vehicles among HNIs coupled with growing consumer preference towards vehicle modification is playing a vital role in shaping the industrial landscape. Moreover, partnerships among passenger car manufacturers and molding companies to manufacture intricate automotive parts is expected to foster the growth of the precision injection mould in automotive market.
The electric vehicles segment is expected to expand with the highest CAGR of around 25% during the forecast period. The growing adoption of electric vehicles in various nations such as Canada, Denmark, UAE, Italy and some others with an aim at reducing vehicular emission has driven the market growth. Also, numerous government initiatives aimed at increasing awareness about EVs coupled with rise in number of EV startups is contributing to the industry in a positive manner. Moreover, rapid investment by market players to open new molding centers to cater the needs of the EV brands is expected to accelerate the growth of the precision injection mould in automotive market.
The powertrain components segment led the market with a share of around 35%. The increasing use of molded plastics for manufacturing engine housings has boosted the market expansion. Additionally, the growing demand for advanced powertrains from the EV sector coupled with integration of advanced driveshafts in modern vehicles is playing a vital role in shaping the industrial landscape. Moreover, collaborations among automotive companies and engine manufacturers to deploy high-quality powertrains in luxury EVs is expected to propel the growth of the precision injection mould in automotive market.
The safety & structural components segment is expected to rise with the highest CAGR of 20% during the forecast period. The growing demand for high-quality crash boxes and reinforcement beams from the automotive companies has boosted the market expansion. Additionally, the rising use of thermoplastic molded components for manufacturing structural automotive parts is contributing to the industry in a positive manner. Moreover, partnerships among automakers and airbag companies to integrate advanced airbag units in SUVs is expected to foster the growth of the precision injection mould in automotive market.
The injection molding segment dominated the market with a share of around 60%. The increasing use of injection molding process for manufacturing low-cost interior and exterior plastic parts has boosted the market expansion. Additionally, numerous advantages of injection molding technique such as cost-effectiveness, complex designing, design flexibility, high precision and some others is expected to drive the growth of the precision injection mould in automotive market.
The overmolding segment is expected to expand with the highest CAGR of around 15% during the forecast period. The increasing adoption of two-shot overmolding technology by automotive companies for manufacturing lightweight automotive parts has driven the market growth. Also, several advantages of overmolding process such as improved ergonomics and grip, enhanced durability and aesthetics, cost and assembly efficiencies, and some others is expected to boost the growth of the precision injection mould in automotive market.
North America led the precision injection mould in automotive market. The increasing sales of commercial vehicles in the U.S. and Canada has boosted the market expansion. Additionally, numerous government initiatives aimed at developing the EV industry coupled with rapid investment by market players for opening up new engineering facilities is playing a vital role in shaping the industrial landscape. Moreover, the presence of various market players such as Wabash Plastics, Inc, MRC Manufacturing, Nicolet Plastics and some others is expected to drive the growth of the precision injection mould in automotive market in this region.
The increasing demand for high-end cars from the HNIs coupled with surging demand for autonomous trucks from several industries such as mining, construction, logistics and some others has driven the market expansion. Additionally, partnerships among automotive companies and molding companies to develop high-quality automotive components is playing a prominent role in shaping the industrial landscape.
Asia Pacific is expected to rise with the fastest CAGR during the forecast period. The growing adoption of electric vehicles in various countries such as India, China, Australia, Japan, South Korea and some others has driven the market growth. Also, the availability of raw materials at less prices coupled with technological advancements in the plastic manufacturing sector is contributing to the industry in a positive manner. Moreover, the presence of several market players such as Sungplastic, Haitian International Holdings, Yizumi Holdings, TK Group and some others is expected to propel the growth of the precision injection mould in automotive market in this region.
The availability of skilled workforce at low wages coupled with technological advancements in the plastic manufacturing sector has driven the market expansion. Also, numerous government initiatives aimed at developing the automotive industry as well as rapid investment by molding companies for opening new engineering facilities is contributing to the industry in a positive manner.
Europe is expected to expand with a notable CAGR during the forecast period. The rising demand for luxury vehicles in several developed nations such as Germany, Italy, France, UK and some others has boosted the market expansion. Also, the increasing emphasis of automotive companies for adopting light-weight materials coupled with rapid investment by government for developing the automotive sector is playing a vital role in shaping the industry in a positive direction. Moreover, the presence of numerous market players such as Rosti Group, Braunform GmbH, Otto Injection Molding GmbH & Co. KG, G&F Precision Molding and some others is expected to boost the growth of the precision injection mould in automotive market in this region.
The growing demand for high-quality interior components from the luxury car manufacturers coupled with rapid investment by automotive companies for opening new production units has driven the industrial expansion. Additionally, the rising adoption of supercars from the racing enthusiast as well as increase in number of automotive research centers is playing a crucial role in shaping the industrial landscape.
| October 2025 | Announcement |
| Terry Zheng, CEO of Tederic Machinery | We are delighted that the new INNOVA injection molding machine series has been well received on the first day of K 2025. After a development period of only four years, we are expanding our global machine portfolio with INNOVA. This innovation helps us to better meet the requirements of plastics processors in the packaging industry worldwide. |
| September 2025 | Announcement |
| John Argitis, President, G&F Precision Molding | Establishing a presence in Ireland marks a significant milestone and reflects years of G&F’s commitment to building strong partnerships with our customers. I am grateful to our customers, my colleagues, and the IDA for their continued commitment to realize this opportunity. It is my intent that this foothold grows to become a significant member of the Irish life science manufacturing community. |
| April 2025 | Announcement |
| Marc Riquelme, President of OptiMIM & Signicast | Partnering with Vasantha Tool Crafts Pvt.Ltd. aligns with OptiMIM's mission to deliver world-class precision metal components with superior performance. This joint venture enables us to leverage Vasantha's deep expertise in mold design and manufacturing to further enhance our offerings and provide even greater value to our customers worldwide. |
| February 2025 | Announcement |
| Lawrance Griffiths, Vice President, Sales & Marketing, TPM | At TPM, our brand is more than just a logo or a website it’s a reflection of who we are and the relationships we build. Our transformation underscores our commitment to providing precision and innovation at every touchpoint as we deliver exceptional value. We are proud to present a brand that matches the high standards our clients expect from us. |
| February 2025 | Announcement |
| Ben Spacek, the GM of the ASYST Automation Division | I cannot wait to share our new site with our customers and partners. The website bridges the gap between our engineered plastic solutions and our Automation Division capabilities. |
| April 2025 | Announcement |
| Minu Madhukumar, the CEO of Thriam Toolroom | With the growing expectations from our customers and the evolving demands of the industry, we are committed to bringing the best out of our toolroom. We were greatly encouraged by the appreciation we received during the opening of our new facility in November 2024. Staying true to our commitment to strengthening the manufacturing ecosystem, adding the Haitian 300 Ton machine is another step forward in expanding our capabilities and setting new benchmarks. |
| October 2024 | Announcement |
| Alexander Boos, Managing Director of Milacron Europe | Today, the monosandwich process is more relevant than ever before, as most processors have become very aware of how their production impacts the circular economy. By integrating PCR into the core of the injection moulded part, upwards of 60% of the core can be recyclable material with our eQ180. |
| December 2024 | Announcement |
| Krishnakumar Srinivasan, the MD & CEO of SPRL | With this investment, SPRL aims to expand its product portfolio beyond pistons, rings, engine valves, and electric powertrain components into precision plastic injection moulded parts. TGPEL’s advanced mould development capabilities and manufacturing setup will enable us to cater to domestic and global customers requiring precision moulded parts for automotive and industrial applications. |
The precision injection mould in market is a highly competitive industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Nicolet Plastics, Magna LexaMar Corporation, Sare Plastics, Wabash Plastics, Inc., MRC Manufacturing, Sungplastic, MANAR Inc., Lusida Rubber Products, Inc., Cumberland Plastic Solutions, MSI Mold, Flex-N-Gate, Custom Plastics, Inc., Ohio Precision Molding, Ironwood Plastics, Advanced Plastiform, Inc. and some others. These companies are constantly engaged in providing precision injection solutions for the automotive sector and adopting numerous strategies such as acquisitions, partnerships, business expansions, launches, collaborations, joint ventures and some others to maintain their dominance in this industry.
Tier 1
Tier 2
By Component Type
By Material Type
By Vehicle Type
By Application
By Manufacturing Process
By Region
October 2025
October 2025
October 2025
October 2025
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