Moulding Equipment Market Size, Share, Growth, and Industry Growth, By Type (Vertical Moulding Equipment, Match Moulding Equipment, And Flask Moulding Equipment), By Application (Automotive and Industrial), Regional Forecast To 2031

Updated On: 08 April 2024

Moulding Equipment Market REPORT OVERVIEW

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The global Moulding Equipment Market is expected to grow from 677.8 million in 2022 to USD 1174.61 million by 2031 at a CAGR of 9.6 % from 2022 to 2031.

Equipment that is used in the formation of thermoplastic resin, metal moulding, or thermoset polymers into a finished shape is known as moulding equipment. For the past few years, businesses have been using this equipment to make products out of plastic, rubber, metal, and other materials. Most of the time, these machines are used to create simple, daily products. They are made using cutting-edge modifications in a range of sizes. Other sources of power for these devices include hydraulic and electrical systems. Injection machines come in many different varieties, including rotary, two-colour, horizontal, and vertical injection machines. Manufacturers employ these devices to provide their clients with more trustworthy and superior products. Therefore, expanding production facilities throughout the globe is anticipated to enhance this market's growth in the coming years. This equipment is available in various sizes, which makes it adaptable for various industries. Vertical, flask, and match moulding equipment are available in global markets.

COVID-19 Impact: Halt in Manufacturing Industries Impeded Growth During 

The new coronavirus has had a significant negative influence on people's lives as well as the well-being of the entire community. It has spread quickly throughout numerous nations and areas. It started as a human health issue and is now a serious threat to trade, the economy, and the financial system on the entire planet. Automobile and electronic manufacturing has been halted owing to the shutdown caused by the COVID-19 epidemic. As the COVID-19 vaccine is made available for moulding equipment, it is also anticipated that the number of COVID-19 cases will decline in the near future. 

LATEST TRENDS

"Expansion of End-Use Industries to Augment Market Growth"

The market is being driven by the increased demand for plastic equipment in end-use sectors, including consumer goods, automotive, healthcare, packaging, electrical & electronics, and others. The market is expanding due to increasing healthcare demand, rapid industrialisation in emerging nations, and increased demand for plastic moulds for electric vehicles. The moulding equipment market growth is also driven by improvements in moulding, making it easier and more efficient to produce complicated plastic shapes in large quantities. 

Moulding Equipment Market Segmentation

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• By Type Analysis

By type, the market is segmented into vertical moulding equipment, match moulding equipment, and flask moulding equipment.

• By Application Analysis

Based on application, the market is classified into automotive and industrial.

DRIVING FACTORS

"Rapid Adoption of Product in Packaging Industry to Increase Product Demand"

The use of packaged end-use items and plastic equipment (medical devices) in hospitals has raised the need for moulding equipment in the packaging and healthcare sectors. In many other businesses, though, there is less demand for these devices. For instance, the National Association of Manufacturers (NAM) reports that 75–80% of industrial manufacturers in the United States believe the 2020 pandemic will have a significant financial impact on their companies. The general national economic slump that will occur in 2020 will make these losses even worse. Furthermore, several manufacturing organizations have begun laying off their staff members due to the impending economic losses.

"Rising Consumer Spending Power to Cater Market Growth"

Moulding equipment market growth is predicted to be aided by rising population levels and rising consumer spending power, which will enhance demand for electronics and other goods. Additionally, the efficiency and output capacity of the equipment has substantially increased as a result of the development of newer technologies. During the projected period, these factors are anticipated to have a favorable impact on the market.

RESTRAINING FACTORS

"High Initial Investment and Maintenance May Affect Market Growth"

The equipment offers the best-enhanced repeatability, acceleration performance, and shorter injection times owing to less noise and dynamic servomotors. This equipment requires high initial investment cost, which is estimated to be the major factor in impeding the moulding equipment market growth.

Moulding Equipment Market REGIONAL INSIGHTS

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"Asia Pacific to Lead the Market Due to the Rising Number of Manufacturing Industries "

Asia Pacific is predicted to hold about 40% of the overall moulding equipment market share owing to the growing manufacturing activities in the region. The region is also predicted to emerge as a leading automotive hub due to the steady growth of the automotive industry.

North America is predicted to show significant growth by virtue of the strong presence of well-established machine manufacturing industries. 

KEY INDUSTRY PLAYERS

"Key Companies to Emphasis On the Development of Advanced Technology"

Key market players are investing heavily on research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market. 

List of Market Players Profiled

• Sinto (U.S.)
• DISA (U.S.)
• Loramendi (Spain)
• KW (U.S.)
• Hunter (U.S.)
• Tokyu (Japan)
• Koyo (India)
• ABM Group (U.S.)
• Baoding Well (China)
• Jinan Foundry and Metalforming Machinery (China)
• Baoding Yonghong (China)
• Suzhu Foundry Machinery (China)
• Huapei (China)
• Baodong CAN (Kemeng) (China)
• Haitel (China)
• Delin Machinery (China)
• Juneng (China)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.