United States's Injection-Moulding Machines Market to Witness Steady Growth with CAGR of +0.3% from 2024 to 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: U.S. - Injection-Moulding Machines For Working Rubber Or Plastics - Market Analysis, Forecast, Size, Trends And Insights.

The injection-moulding machine market in the United States is on the rise, with an anticipated increase in demand for machines used in working with rubber or plastics. The market is forecasted to maintain its current trend pattern, with a projected CAGR of +0.3% for volume and +3.2% for value from 2024 to 2035. By the end of 2035, market volume is expected to reach 31K units, and market value is projected to hit $4.5B in nominal prices.

Driven by increasing demand for injection-moulding machines for working rubber or plastics in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.3% for the period from 2024 to 2035, which is projected to bring the market volume to 31K units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.2% for the period from 2024 to 2035, which is projected to bring the market value to $4.5B (in nominal wholesale prices) by the end of 2035.

Injection-moulding machine consumption in the United States totaled 30K units in 2024, remaining relatively unchanged against 2023 figures. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the consumption volume increased by 3.1%. Injection-moulding machine consumption peaked in 2024 and is likely to see steady growth in the near future.

The value of the injection-moulding machine market in the United States was estimated at $3.2B in 2024, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.6% from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Injection-moulding machine consumption peaked in 2024 and is likely to see gradual growth in the near future.

In 2024, production of injection-moulding machines for working rubber or plastics in the United States rose rapidly to 25K units, picking up by 8.7% compared with the previous year. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 16%. Injection-moulding machine production peaked in 2024 and is expected to retain growth in years to come.

In value terms, injection-moulding machine production stood at $2.7B in 2024. The total output value increased at an average annual rate of +1.8% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 53% against the previous year. Injection-moulding machine production peaked in 2024 and is likely to continue growth in the near future.

In 2024, injection-moulding machine imports into the United States declined sharply to 6K units, waning by -28.1% against 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 97%. As a result, imports attained the peak of 11K units. From 2015 to 2024, the growth of imports failed to regain momentum.

In value terms, injection-moulding machine imports shrank to $732M in 2024. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 41% against the previous year. Over the period under review, imports hit record highs at $990M in 2022; however, from 2023 to 2024, imports remained at a lower figure.

China (1.3K units), Germany (1.3K units) and Japan (982 units) were the main suppliers of injection-moulding machine imports to the United States, with a combined 59% share of total imports. Austria, South Korea, Thailand, Canada and Taiwan (Chinese) lagged somewhat behind, together comprising a further 32%.

From 2013 to 2024, the biggest increases were recorded for Thailand (with a CAGR of +25.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest injection-moulding machine suppliers to the United States were Austria ($169M), Japan ($146M) and Germany ($142M), with a combined 62% share of total imports. Canada, China, South Korea, Thailand and Taiwan (Chinese) lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Thailand, with a CAGR of +23.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

In 2024, the average injection-moulding machine import price amounted to $122 thousand per unit, increasing by 22% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 64%. Over the period under review, average import prices hit record highs at $139 thousand per unit in 2020; however, from 2021 to 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Canada ($345 thousand per unit), while the price for China ($36 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

After two years of growth, shipments abroad of injection-moulding machines for working rubber or plastics decreased by -17.4% to 1.5K units in 2024. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 100%. As a result, the exports attained the peak of 2.7K units. From 2015 to 2024, the growth of the exports remained at a lower figure.

In value terms, injection-moulding machine exports shrank markedly to $168M in 2024. The total export value increased at an average annual rate of +2.4% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 42%. The exports peaked at $201M in 2023, and then shrank remarkably in the following year.

Mexico (913 units) was the main destination for injection-moulding machine exports from the United States, with a 61% share of total exports. Moreover, injection-moulding machine exports to Mexico exceeded the volume sent to the second major destination, Canada (265 units), threefold. The third position in this ranking was held by Thailand (73 units), with a 4.9% share.

From 2013 to 2024, the average annual growth rate of volume to Mexico stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+0.3% per year) and Thailand (+8.4% per year).

In value terms, Mexico ($102M) remains the key foreign market for injection-moulding machines for working rubber or plastics exports from the United States, comprising 61% of total exports. The second position in the ranking was held by Canada ($33M), with a 20% share of total exports. It was followed by Germany, with a 5.1% share.

From 2013 to 2024, the average annual rate of growth in terms of value to Mexico totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+4.4% per year) and Germany (+17.4% per year).

The average injection-moulding machine export price stood at $112 thousand per unit in 2024, remaining relatively unchanged against the previous year. Over the last eleven years, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2015 when the average export price increased by 55% against the previous year. The export price peaked at $112 thousand per unit in 2021; however, from 2022 to 2024, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($140 thousand per unit), while the average price for exports to Thailand ($66 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the injection-moulding machine market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

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A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles