Mexico Injection Molding Market Size & Outlook, 2022-2030
Mexico injection molding market, 2018-2030 (US$M)
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Mexico injection molding market highlights
- The Mexico injection molding market generated a revenue of USD 4,267.0 million in 2022 and is expected to reach USD 6,026.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.4% from 2023 to 2030.
- In terms of segment, plastics was the largest revenue generating material in 2022.
- Metal is the most lucrative material segment registering the fastest growth during the forecast period.
Injection molding market data book summary
| Market revenue in 2022 | USD 4,267.0 million |
| Market revenue in 2030 | USD 6,026.3 million |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Plastics |
| Fastest growing segment | Metal |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastics, Metal, Other Material |
| Key market players worldwide | Biomerics, Proto Labs Inc, C&J Industries, Inc, All-Plastics, HTI Plastics, The Rodon Group, EVCO Plastics, Tessy Plastics Corporation, Currier Plastics, Formplast, H&K Müller, Hehnke, TR PLAST GROUP |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global injection molding market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. injection molding market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 6,026.3 million by 2030.
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Injection Molding Market Scope
Injection Molding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico injection molding market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to injection molding market will help companies and investors design strategic landscapes.
Plastics was the largest segment with a revenue share of 98.26% in 2022. Horizon Databook has segmented the Mexico injection molding market based on plastics, metal, other material covering the revenue growth of each sub-segment from 2018 to 2030.
According to the OECD forecasts, the GDP of Mexico is expected to attain value of 2.1% in 2024. Mexico is a geographically critical location for outsourcing production activities as it is adjacent to the U.S., one of the major export destinations for component manufacturers.
Moreover, the ease of conducting business activities, geographical proximity, and presence of supply sources for distributors and retailers make it one of the most preferred locations for manufacturers. Mexico is one of the key players in the global automotive industry, with production of mainly conventional cars.
However, the government of the country is focusing on increasing the electric car production base which is expected to further impact the sales of electric vehicles in Mexico. According to Mexico’s National Automotive Directory, the production of EVs reached 79,471 in 2022, compared to 58,453 EVs in 2021 and 6,717 EVs in 2020.
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Our clientele includes a mix of injection molding market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico injection molding market , including forecasts for subscribers. This country databook contains high-level insights into Mexico injection molding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico injection molding market size, by material, 2018-2030 (US$M)
Mexico Injection Molding Market Outlook Share, 2022 & 2030 (US$M)
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