The global injection molded automotive parts market is on a promising growth trajectory, expected to expand from USD 97.6 billion in 2025 to an impressive USD 143.06 billion by 2034. This growth represents a compound annual growth rate (CAGR) of 4.34% over the forecast period, reflecting the increasing importance of injection molding technology within the automotive industry.
Injection molding plays a crucial role in manufacturing both interior and exterior vehicle components, utilising materials such as high-density polyethylene (HDPE), polypropylene, polystyrene, and acrylonitrile butadiene styrene (ABS), among others. The sector is experiencing rapid growth, driven by the automotive industry’s focus on lightweight materials to improve fuel efficiency and overall vehicle performance.
Automotive manufacturers are making significant investments in advanced injection molding technologies to produce high-quality, durable parts. Additionally, many molding companies have intensified their research and development efforts to innovate and produce superior-grade interior components. Emerging materials such as thermoplastic elastomers (TPEs) and silicone high-consistency rubber (HCR) are also being explored by scientists to enhance the functionality and durability of automotive parts.
Industry Leadership Moves
In a significant industry development, Pricol Limited announced in December 2024 the acquisition of SACL. Vikram Mohan, Managing Director of Pricol Limited, expressed pride in welcoming the SACL team into the company, emphasising that the merger would strengthen their position as an integrated solution provider. “This acquisition is a vital step towards sustainable and transformative growth, aligning with our vision and values to better serve our customers,” Mohan stated.
Geographical Insights
The Asia Pacific region currently holds the largest share of the injection molded automotive parts market, driven by increasing demand for electric vehicles and continuous technological advancements in the automotive sector. Major countries contributing to this growth include China, India, and Japan.
China’s market growth is propelled by the strong presence of numerous molding companies. In India, rising demand for passenger cars fuels the expansion, while Japan benefits from cutting-edge automotive technology innovations, further boosting the market.
With global automotive players focusing on sustainability, innovation, and efficiency, the injection molded automotive parts market is set to maintain its momentum well into the next decade.
Source : https://www.towardsautomotive.com/insights/injection-molded-automotive-parts-market-sizing