Contract Injection Molding Manufacturing
The current period, defined as the five years to 2019, has been characterized by continuing economic improvement in the United States. Consumer spending has risen during the five-year period, boosting demand for many downstream items that include industry-made components. The most noteworthy rebound was the recovery of the domestic automobile and construction markets during this period, which resulted in an increase in downstream demand that boosted industry revenue growth. As a result of substantial recoveries across the industry's major downstream markets, industry revenue is expected to rise during the current period. The Contract Injection Molding Manufacturing industry is expected to continue its upward trajectory over the five years to 2024, bolstered by continued improvements in the industry's key downstream markets, particularly within automotive and nonresidential construction sectors. Revenue growth is expected to accelerate slightly, largely due to growth in new car sales increasing demand from automotive manufacturers. Industry operators have long-term relationships with manufacturers in key downstream sectors and are together poised to perform strongly, leading to continued growth in industry momentum.
This industry provides injection molding manufacturing services on a contract basis. Industry services include mold development from a prototype and the reproduction of parts from the mold using thermoplastic and thermosetting plastic materials. Operators feed the materials into a heated barrel, mix and then force them into a mold cavity where they cool and harden to the configuration of the cavity. Injection molded products are then manufactured according to the client’s specifications.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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