Frequently Asked Questions
The global Multi-Component Injection Moulding Technology market was valued at USD 3.2 Billion in 2022.
The Multi-Component Injection Moulding Technology market is expected to grow at a CAGR of 9.30% between 2023 and 2030, reaching USD 5.96 Billion in 2030.
The multi-material injection molding segment is the largest multi-component injection molding technology market segment.
The two-shot molding segment is the largest multi-component injection molding technology market segment. This is because two-shot molding is a relatively simple and cost-effective technology that can create various products.
The hard-soft combinations of the thermoplastics segment is expected to grow at the fastest CAGR during the forecast period.
North America is the largest multi-component injection molding technology market. This is due to many automotive and medical device manufacturers in the region.
The top players include Sumitomo (SHI) Demag Plastics Machinery GmbH, Milacron LLC, Wittmann Kunststoffgerate Ges.m.b.H, Haitian International Holdings Ltd., Mold Hotrunner Solutions Inc., ENGEL MACHINERY INDIA PVT. LTD., and Husky Technologies.
The major market drivers are the growing popularity of multi-component injection molding in various industries, such as the automobile, medical, and electronics industries, and increasing demand for complex and multi-functional products.
The major market restraints are the high tooling cost and the limited availability of skilled workers.
Increasing demand for complex and multi-functional products and developing new materials and technologies are the major opportunities in the Multi-Component Injection Moulding Technology industry.