Injection Molded Automotive Parts Market Size, Share & Growth Projections

Injection Molded Automotive Parts Market Key Trends, Innovations & Dynamics

The injection molded automotive parts market is forecasted to expand from USD 97.6 billion in 2025 to USD 143.06 billion by 2034, growing at a CAGR of 4.34% from 2025 to 2034.

Unlock Infinite Advantages: Subscribe to Annual Membership

Introduction

The injection molded automotive parts market is a prominent branch of the automotive industry. This industry deals in developing injection molding technologies for manufacturing automotive parts. There are several types of materials used in this sector consisting of high-density polyethylene (HDPE), polypropylene, polystyrene, acrylonitrile butadiene styrene (ABS) and some others. It finds application in manufacturing interior and exterior components of vehicles. The rising development in the automotive component industry has boosted the market growth. This market is expected to rise significantly with the growth of the automotive technology sector across the world

• According to the Automotive Component Manufacturers Association of India, the Indian automotive components market size in 2023 was US$ 69.7 billion that increased to US$ 74.1 billion in 2024.

Highlights of the Injection Molded Automotive Parts Market

• Asia Pacific held the dominant share of the injection molded automotive parts market due to the rising sales of vehicles in this region.
• North America is expected to grow with a significant CAGR due to the presence of numerous automotive companies in this region.
• The polypropylene segment dominated the market due to its superior performance and cost-effectiveness.
• The interior components segment led the market due to the growing demand for aesthetic interiors in vehicles.

Injection Molded Automotive Parts: Trends in the Industry

• Several automotive companies have started lowering the weight of the vehicles to enhance fuel efficiency and performance of vehicles.
• The automotive brands are investing heavily in injection molding technologies for developing high-quality automotive parts.
• Numerous molding companies have increased the emphasis on research and development activities for manufacturing superior-grade interior components.
• The scientists are experimenting with thermoplastic elastomers (TPEs) and silicone high-consistency rubber (HCR) for molding automotive parts.

Industry Leader Announcement

In December 2024, Vikram Mohan, the managing director of Pricol Limited announced that, “I express immense pride in welcoming the talented team at SACL into the Pricol family. With this acquisition, our focus will remain on harnessing the combined potential of Pricol and SACL, to become an integrated solution player, driving innovation, and delivering sustainable growth. SACL’s expertise and value systems perfectly align with our vision and core values which will enable us to meet the demands of our customers. This acquisition is a significant step towards realizing our commitment to sustainable and transformative growth.”

Geographical Insights

Asia Pacific held the highest share of the injection molded automotive parts market. The rising demand for electric vehicles along with technological advancements in automotive sector has boosted the industrial expansion. Additionally, the growing investment by market players for integrating advanced technologies for molding automotive parts has contributed to the market growth.

In Asia Pacific, China, India and Japan are the major contributors of this industry. The market in China is generally driven by the presence of several molding companies. In India, the growth of the market is attributed to the growing demand for passenger cars. In Japan, the industry is boosted due to the technological advancements in automotive sector.

Competitive Landscape

The injection molded automotive parts market is a consolidated industry with the presence of several dominating players. Some of the crucial players in this industry consists of RYD Tooling, Aptiv PLC, Ensinger GmbH, Continental Structural Plastics (CSP), Kaysun Corporation, Magna International Inc., WHS Plastics Egypt, Crescent Industries, Plastic Omnium, First Press Moulders and some others. These companies are constantly engaged in manufacturing injection molded automotive parts and adopting various strategies to maintain their dominant position in this industry.

• According to the annual report of Plastic Omnium, the revenue of the company in 2022 was 8538110 thousand euros that increased to 10314065 thousand euros in 2023.

Market Segmentations

By Raw Material

• High-Density Polyethylene (HDPE)
• Polypropylene
• Polystyrene
• Acrylonitrile Butadiene Styrene (ABS)
• Others

By Application

• Exterior Components
• Interior Components
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa