About Industrial Mold
Industrial Mold is a hollow block in which a malleable liquid is flown, which when solidifies take a shape or a form of the mold in which the liquid was poured. These industrial Molds are manufacturing implements used for casting shapes and objects out of metal or other materials such as plastics, glass or rubber. On the industrial level, there are many products which need an accurate shape and size, hence molds and dies are used to provide any required specification for the metal-based products. These molds help produce all types of mechanical and polymer objects. Increasing sales of different industrial products are supplementing the growth of industrial mold.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Industrial Mold market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Industrial Mold Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Industrial Mold market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amada (Japan), TRUMPF (India), DMTG (United States), DMG Mori (Japan) and U.S. Industrial Machinery (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Industrial Mold market by Type (Metal, Plastic, Rubber and Glass), Application (Industrial, Manufacture, Automotive and Others) and Region.
On the basis of geography, the market of Industrial Mold has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Adoption of Hot Runner Technology to Make Industrial Molds
Market Growth Drivers:
Increasing Growth of Industries across the Globe and Rising Demand for Customized Mold Products from Consumers
Challenges:
Issues Related to the High Resin Temperature of Industrial Molds and Concern Related to Residence Time That Takes Too Long
Restraints:
High Cost Associated with Industrial Molds and Fluctuating Raw Material Prizes of Metals
Opportunities:
Huge Investments to Develop the Manufacturing Industries in the Emerging Economies of China, India, Brazil Etc. and Growing Industrialization in Developing Industries
Market Leaders and their expansionary development strategies
In October 2021, SyBridge Technologies, a global industrial technology company, announced that it has completed the acquisition of Pyramid Mold and Tool. This transaction further expands SyBridge's customer base and footprint in the life sciences end-markets. New York based private equity firm Crestview Partners established SyBridge Technologies in 2019 and committed USD 200 million of equity to create a market leading value-added manufacturing solutions provider spanning across end-markets, geographies, and advanced technological capabilities. Pyramid is SyBridge's fifth acquisition in the last ten months.
In September 2022, Mold and automation supplier for thin-wall packaging, Muller Technology, launched its latest in-mold labeling (IML) automation technology at K 2022. The IML production cell, which includes vison inspection and downstream automation, will run on a 700-ton injection molding machine at the BMB SpA booth, producing a round container in an 8-cavity mold.
According to Electronic Code of Federal Regulations Coating of plastic material onto a formed metal substrate is also covered by the plastics molding and forming effluent limitations guidelines and standards and is not covered by the specific metal forming guidelines such as aluminum forming (40 CFR part 467), copper forming (40 CFR part 468), and nonferrous metals forming (40 CFR part 471). However, the plastics molding and forming effluent limitations guidelines and standards in this part apply only to the coating process; the metal forming operations are subject to the specific metal forming regulation.
Key Target Audience
Potential Investors, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.