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Austin, TX, USA, Sept. 29, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Injection Molded Automotive Parts Market Size, Trends and Insights By Raw Material (Polypropylene, Acrylonitrile Butadiene Styrene (ABS), Polystyrene, High-Density Polyethylene (HDPE), Others), By Application (Interior Components, Exterior Components, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of global Injection Molded Automotive Parts Market size & share was valued at approximately USD 56.4 Billion in 2022 and is expected to reach USD 59.2 Billion in 2023 and is expected to reach a value of around USD 84.5 Billion by 2032, at a compound annual growth rate (CAGR) of about 4.8% during the forecast period 2023 to 2032.”
Click Here to Access a Free Sample Report of the Global Injection Molded Automotive Parts Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=31975
Injection Molded Automotive Parts Market: Growth Factors and Dynamics
- Advanced Manufacturing Technologies: Advancements in injection molding technologies, including multi-material injection molding and 3D printing, have enhanced automotive parts’ design flexibility and production efficiency. Manufacturers can produce complex geometries and integrated components, reducing assembly costs.
- Growing Electric Vehicle (EV) Adoption: The increasing popularity of electric vehicles is creating a higher demand for specially designed injection-molded parts like battery enclosures and components for electric drivetrains. This demand for unique injection molding solutions is expected to rise as the EV market expands further.
- Emphasis on Vehicle Safety and ADAS Integration: The automotive industry is placing a stronger focus on safety, including the integration of Advanced Driver Assistance Systems (ADAS). This trend is driving an increased need for precisely molded components such as sensor enclosures, airbag parts, and reinforced structures. These components are essential for enhancing overall vehicle safety.
- Customization and Design Aesthetics: Injection molding allows for a high degree of design flexibility and customization. Automakers use this to create distinctive interior and exterior design elements, enhancing the overall aesthetics of vehicles and differentiating their brands in a competitive market.
- Supply Chain and Material Considerations: The injection-molded automotive parts market is influenced by the availability and cost of materials. Sustainable materials and recycling efforts are gaining importance, as automakers seek to reduce their environmental footprint. The supply chain dynamics, including the availability of skilled labor and transportation costs, also play a role in market growth.
- Evolving Design Aesthetics: The injection molded automotive parts market is experiencing changes in design aesthetics. Automakers are increasingly using injection-molded components to create unique and eye-catching interior and exterior designs. This design-driven approach enhances the visual appeal of vehicles, catering to consumer preferences for distinctive automotive aesthetics.
- Sustainability and Environmental Concerns: As global environmental awareness grows, the automotive industry is under pressure to reduce its environmental footprint. Injection molding allows for the use of recyclable and sustainable materials. Manufacturers are exploring eco-friendly materials and production processes to align with sustainability goals and meet regulatory requirements, driving innovation in the market.
- Lightweight Vehicle: Automakers are under increasing pressure to improve fuel efficiency and reduce emissions. Injection molded plastic parts offer a lightweight alternative to traditional metal components, contributing to better fuel economy. This trend is driven by environmental regulations and consumer demand for more eco-friendly vehicles.
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Injection Molded Automotive Parts Market: Partnership and Acquisitions
- In 2022, Tesla’s longstanding collaborator, Panasonic, is constructing a $4 billion electric vehicle (EV) battery plant in Kansas. This facility will provide battery packs to support the automotive industry’s swift transition towards electric cars and trucks.
- In 2021, Volkswagen has forged strategic alliances with key players in battery technology industrialization, including Umicore, a materials technology group, battery specialist 24M Technologies, and cleantech firm Vulcan Energy Resources Ltd. These partnerships signify a significant move in Volkswagen’s pursuit of sustainable electric mobility.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 59.2 Billion |
| Projected Market Size in 2032 | USD 84.5 Billion |
| Market Size in 2022 | USD 56.4 Billion |
| CAGR Growth Rate | 4.8% CAGR |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Key Segment | By Raw Material, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Injection Molded Automotive Parts report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Injection Molded Automotive Parts report has been modified to include the COVID-19 impact study prior to delivery.)
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Injection Molded Automotive Parts Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Injection Molded Automotive Parts Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Disruption in Supply Chain: The COVID-19 pandemic disrupted supply chains globally, leading to shortages of raw materials and delays in production. This affected the availability of injection molded automotive parts, causing production slowdowns and increased costs.
- Reduced Vehicle Sales: The pandemic decreased consumer demand for automobiles due to economic uncertainty, lockdowns, and reduced mobility. Lower vehicle sales directly impacted the demand for injection-molded automotive parts, affecting the market’s revenue.
- Resilient Supply Chain Management: To recover from the disruptions caused by COVID-19, automotive manufacturers and injection molding suppliers are reevaluating their supply chain strategies. This includes diversifying suppliers, localizing production, and investing in digital tools for better supply chain visibility and risk management.
- Increased Focus on Health and Safety Protocols: Automotive production facilities have implemented stringent health and safety measures to protect workers from COVID-19. These measures include social distancing, sanitation protocols, and remote work where feasible, ensuring a safe working environment for employees.
- Accelerated Digital Transformation: The pandemic accelerated the adoption of digital technologies in the automotive industry. Manufacturers are increasingly using virtual design and prototyping tools, digital twin technology, and automation in injection molding processes to improve efficiency and reduce physical touchpoints.
- Shift Towards Electric and Autonomous Vehicles: The recovery from COVID-19 has seen a continued shift toward electric vehicles (EVs) and autonomous vehicles. Injection molding suppliers are adapting to this trend by developing specialized components for EVs and ADAS systems, such as lightweight battery enclosures and sensor housings.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Injection Molded Automotive Parts Market, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
- What is the size of the Injection Molded Automotive Parts market and what is its expected growth rate?
- What are the primary driving factors that push the Injection Molded Automotive Parts market forward?
- What are the Injection Molded Automotive Parts Industry’s top companies?
- What are the different categories that the Injection Molded Automotive Parts Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Injection Molded Automotive Parts market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2032
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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List of the prominent players in the Injection Molded Automotive Parts Market:
- Robert Bosch GmbH
- Magna International Inc.
- Continental AG
- Delphi Technologies (now part of BorgWarner Inc.)
- Faurecia S.A.
- Valeo S.A.
- Yanfeng Automotive Interiors
- Flex-N-Gate Corporation
- Samvardhana Motherson Group (SMG)
- Adient plc
- Others
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Injection Molded Automotive Parts Market – Regional Analysis
The Injection Molded Automotive Parts Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: In North America, the injection molded automotive parts market is experiencing a trend towards the increased production of lightweight components to improve fuel efficiency and meet stringent emissions standards. In North America, there is a noticeable shift towards sustainable materials in response to heightened consumer preferences for environmentally friendly vehicles. Moreover, the increased adoption of advanced safety technologies and the surge in electric vehicle (EV) production are stimulating the innovation and production of specialized injection-molded components tailored to these evolving segments.
- Europe: In Europe, the automotive industry is focusing on sustainability and the transition to electric mobility. This region is witnessing a trend towards the use of bio-based and recycled materials for injection molded parts, aligning with the EU’s stringent environmental regulations.
- Asia-Pacific: The Asia-Pacific region, a manufacturing hub for the automotive industry, is witnessing trends in mass production efficiency and cost-effectiveness. There’s a growing preference for injection molded parts that offer a balance between quality and affordability. With the rapid rise of EVs in countries like China, there’s a particular emphasis on producing injection-molded components tailored for electric vehicles, including battery enclosures and charging connectors.
- LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the automotive market is marked by a trend towards localization and regional manufacturing to reduce costs and enhance supply chain resilience. This region also shows potential for injection molded parts used in off-road and heavy-duty vehicles due to challenging terrain and industrial applications. Additionally, there’s a growing interest in sustainable materials to meet environmental goals in countries across the region.
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The Injection Molded Automotive Parts Market is segmented as follows:
By Raw Material
- Polypropylene
- Acrylonitrile Butadiene Styrene (ABS)
- Polystyrene
- High-Density Polyethylene (HDPE)
- Others
By Application
- Interior Components
- Exterior Components
- Others
Click Here to Get a Free Sample Report of the Global Injection Molded Automotive Parts Market @ https://www.custommarketinsights.com/report/injection-molded-automotive-parts-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Injection Molded Automotive Parts Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Injection Molded Automotive Parts Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Injection Molded Automotive Parts Market? What Was the Capacity, Production Value, Cost and PROFIT of the Injection Molded Automotive Parts Market?
- What Is the Current Market Status of the Injection Molded Automotive Parts Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Injection Molded Automotive Parts Market by Considering Applications and Types?
- What Are Projections of the Global Injection Molded Automotive Parts Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Injection Molded Automotive Parts Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Injection Molded Automotive Parts Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are the Market Dynamics of Injection Molded Automotive Parts Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Injection Molded Automotive Parts Industry?
Click Here to Access a Free Sample Report of the Global Injection Molded Automotive Parts Market @ https://www.custommarketinsights.com/report/injection-molded-automotive-parts-market/
Reasons to Purchase Injection Molded Automotive Parts Market Report
- Injection Molded Automotive Parts Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Injection Molded Automotive Parts Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Injection Molded Automotive Parts Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Injection Molded Automotive Parts Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Injection Molded Automotive Parts market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Injection Molded Automotive Parts market analysis.
- The competitive environment of current and potential participants in the Injection Molded Automotive Parts market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Injection Molded Automotive Parts market should find this report useful. The research will be useful to all market participants in the Injection Molded Automotive Parts industry.
- Managers in the Injection Molded Automotive Parts sector are interested in publishing up-to-date and projected data about the worldwide Injection Molded Automotive Parts market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Injection Molded Automotive Parts products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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