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Jun 04, 2025

Automotive mould market to reach $82.35B by 2034 amid growth | London Daily News

The global automotive mold market is gearing up for significant growth, with market size projected to surge from USD 48.13 billion in 2025 to USD 82.35 billion by 2034, growing at a compound annual

The global automotive mold market is gearing up for significant growth, with market size projected to surge from USD 48.13 billion in 2025 to USD 82.35 billion by 2034, growing at a compound annual growth rate (CAGR) of 6.15%, according to recent industry forecasts.

This sector plays a critical role in the broader automotive manufacturing industry, supplying the mould technologies essential for producing both interior and exterior components of vehicles. Key moulding technologies driving this industry include injection moulding, casting moulds, and compression moulds, among others.

Automotive moulds are widely used across various vehicle categories, such as passenger cars, light commercial vehicles, and heavy-duty trucks. Among these, the passenger car segment continues to dominate the market, bolstered by rising disposable incomes and consumer demand for personal mobility solutions.

Additionally, the exterior parts segment leads in mould application, thanks to the increasing production and sales of commercial vehicles worldwide.

According to the Automotive Component Manufacturers Association of India (ACMAI), India’s automotive component industry generated a substantial US$ 74.1 billion in revenue in 2024. The Malaysian Automotive Association reported that 719,160 passenger cars were sold in the country in 2023. Data from the Australasian Fleet Management Association shows that global sales of light vehicles reached 81.5 million units in 2024.

These figures underscore the rapid expansion of the automotive industry, which, in turn, is fuelling the growth of the automotive mould market.

In a notable development, Cameron Moore, General Manager of Regional Operations at Fictiv, highlighted the industry’s evolution, stating in October 2024:

“Having been involved with injection moulding for over 25 years, I’ve seen the evolution of manufacturing software. Fictiv’s automated DFM tools are instant, free, and built to make the design process faster and smoother for our customers.”

This statement reflects the growing integration of digital manufacturing technologies in mould design and production—streamlining processes and enhancing efficiency across the value chain.

Asia-Pacific emerged as the largest regional market for automotive moulds, driven primarily by China. The region’s dominance is attributed to rising passenger car demand, substantial investments in moulding technology, and the rapid adoption of electric vehicles (EVs).

China continues to be a central player, benefiting from strong automotive sales, abundant raw material availability, and increasing plant expansions by moulding firms aiming to meet escalating demand.

As the global automotive industry shifts gears toward more efficient, technology-driven manufacturing, the automotive mould market is expected to witness unprecedented expansion. With rising demand across both developed and emerging markets—especially in Asia—industry players are investing heavily in automation, digital tools, and eco-friendly moulding solutions to stay competitive in this high-growth sector.

Source : https://www.towardsautomotive.com/insights/automotive-mold-market-sizing