U.S. Injection Molding Market Size & Outlook, 2022-2030
U.S. injection molding market, 2018-2030 (US$M)
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U.S. injection molding market highlights
- The U.S. injection molding market generated a revenue of USD 42,852.4 million in 2022 and is expected to reach USD 58,745.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 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 42,852.4 million |
| Market revenue in 2030 | USD 58,745.5 million |
| Growth rate | 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, U.S. accounted for 15.7% 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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U.S. 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 98.62% in 2022. Horizon Databook has segmented the U.S. injection molding market based on plastics, metal, other material covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of the U.S. features a technologically advanced and highly developed services sector, which accounts for a share of approximately 80% of its output. The favorable government regulations and initiatives, infrastructure availability, high expenditure on research & development, etc. are likely to contribute to the growth of electric vehicle manufacturing.
For instance, Hyundai Motor Group announced a new electric vehicle factory in Georgia, U.S. in February 2024. The factory is set to open in 2025 with an annual production capacity of 300,000 electric vehicles.
Further, the government is providing support in the form of tax rebates and subsidies have further fueled the demand for electric vehicles in the U.S. Increasing demand for injection molded components in both, conventional and electric vehicles for developing their interiors and exteriors, is expected to augment the growth of injection molding market in the U.S. in the coming years.
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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 U.S. injection molding market , including forecasts for subscribers. This country databook contains high-level insights into U.S. injection molding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. injection molding market size, by material, 2018-2030 (US$M)
U.S. Injection Molding Market Outlook Share, 2022 & 2030 (US$M)
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