The Europe injection moulders market is set to experience significant growth, with a projected compound annual growth rate (CAGR) of 4.1% during the forecast period from 2023 to 2033. Market value is anticipated to increase from USD 2,330.1 million in 2023 to USD 3,481.2 million by 2033.
This growth is largely driven by the rising demand for plastic components and parts across diverse sectors, including automotive, healthcare, consumer goods, and packaging. The versatility and precision of injection moulding technology make it an ideal solution for manufacturing intricate parts and components, further fueling its adoption across Europe.
Injection moulders’ ability to deliver high-quality, complex designs with efficiency and scalability underscores their importance in meeting the evolving needs of modern industries. This innovation-driven approach is expected to position the European market as a global leader in injection moulding technology.
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Prominent Drivers of the Europe Injection Moulders Market
- Growing Demand for Lightweight Automotive Components
The push for fuel efficiency and reduced emissions in Europe has driven the demand for lightweight yet durable plastic components, making injection moulding a preferred manufacturing process in the automotive sector. - Expansion of the Packaging Industry
The surge in e-commerce, food delivery, and sustainable packaging solutions has increased the need for high-quality, cost-effective injection-moulded packaging products. - Advancements in Injection Moulding Technology
Innovations like multi-material injection moulding, automation, and real-time monitoring systems have enhanced productivity, precision, and efficiency, driving market growth. - Rising Focus on Sustainable Manufacturing
The growing adoption of recyclable and biodegradable materials in response to stringent environmental regulations is propelling the use of advanced injection moulders capable of processing such materials. - Booming Healthcare Sector
The increasing demand for medical devices and equipment, such as syringes, diagnostic kits, and pharmaceutical containers, has fueled the growth of injection moulding applications in the healthcare industry.
Key Takeaways From the Europe Injection Moulders Market Report
- The market experienced a CAGR of 2.6% during the historic period.
- By the end of 2022, the total market value reached approximately USD 2,233.5 million.
- Germany is projected to hold a 31.8% share of the market in 2023, with an incremental opportunity of USD 255.9 million during the forecast period.
- France, driven by rising demand for plastic parts and a booming packaging sector, is expected to account for 12.5% of the market share in 2023.
- The hot runner mould segment is anticipated to dominate, capturing more than 82% of the market in the forecast year.
- The plastic segment is expected to hold a significant 59.4% share of the market during the forecast period.
Competitive Landscape
Key injection moulder manufacturers are working on developing innovations to fulfill end-user demand throughout Europe. They also use mergers, facility expansions, partnerships, collaborations, acquisitions, and agreements to strengthen their reach and increase revenues.
Recent developments:
- In March 2023, Xometry acquired Tridi, an Istanbul-based company, expanding its presence in Europe.
- In July 2022, Husky Technologies introduced a second-generation control algorithm for their Altanium® mold controllers.
- In February 2021, Fathom Digital Manufacturing Corp purchased Summit Tooling and Summit Plastics, a leading precision tooling and injection molding services supplier.
Key Players
Modelos Atienza Climent S L; Upmold Company; CVA Plastic; Dino Brunelli S.a.s. di Giampaolo Brunelli & C.; Nolato AB (Nolato); Erreka Group; WIT MOLD LIMITED; GEOCAD Group; VEM TOOLING (I) PVT LTD; Aco Mold Co Limited; INPLASTIC; TAIZHOU HUANGYAN JMT MOULD CO., LTD.; HASCO Hasenclever GmbH + Co KG; Plastisud SAS; Entech Group UAB
Europe Injection Moulders Market by Category
By Mould Type:
- Cold Runner Mould
- Two Plate Mould
- Three Plate Mould
- Hot Runner (Runnerless) Mould
- Externally Heated Hot Runners
- Internally Heated Hot Runners
- Insulated Hot Runners
By Material:
- Plastic
- Metal
- Rubber
- Ceramic
By End Use:
- Automotive
- Packaging
- Electronics
- Healthcare
- Consumer Goods
- Building & Construction
- Aerospace & Defense
- Others
By Country:
- Germany
- Spain
- Russia
- Italy
- United Kingdom
- France
- BENELUX
- Nordic
- Poland
- Hungary
- Romania
- Czech Republic
- Rest of Europe
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