Global Micro Injection Molding Market Size 2017 by Application (Medical & Healthcare, Automotive, Telecom Fiber Optics, Micro Drive Systems & Control, & Others) & by Region and Forecast 2018 to 2025
Apr 2019
Total Pages: 75
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The global Micro Injection Molding (MIM) market size was valued at USD 655.7 Million in 2018. The global Micro Injection Molding market is driven by growing demand for miniature machines and parts in various industries.
North America generated the largest revenue in global micro injection molding market with revenues exceeding USD 209.4 million in 2017 followed by Europe making up for a share of 26.67% owing to the presence of developed nations such as Germany. High expenditure on medical facilities and growing automotive industry are factors responsible for Germany leading the European market. US government in 2016 spent approximately USD 171.8 billion on medical and healthcare related R&D activities. Rapid technological developments coupled with increased expenditure on medical and healthcare related R&D activities has led to the growth of MIM market in North America.
Heightened demand for microinjection molding in the healthcare and medical sector is the primary driver for the market growth as it is employed in blade holders, dental prosthetics, catheter components, implants, and hearing aids. Surgeons and doctors urge instruments for quicker recovery times and less invasive procedures, devices are becoming more complex along with compactness, and designers are finding out high-precision and smaller components with materials and tolerances that seemed impossible years ago. In order to enhance minimally invasive device designs along with reduced part sizes, manufacturers have turned to micro molding.
Key Segments of the Global Micro Injection Molding Market
Application Overview, 2015-2025 (USD Million)
- Medical & Healthcare
- Automotive
- Telecom-Fiber Optics
- Micro Drive Systems & Control
- Others
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Australia
- Rest of APAC
- Central & South America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- UAE
- Saudi Arabia
- Turkey
- South Africa
- Rest of MEA
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global micro injection molding industry.
- To understand the surging investments by key players in the micro-injection molding market.
- To understand the cause for increasing popularity of microfluidics and micro-optics in society.
What does the report include?
- The study on the global Micro Injection Molding market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
- The study covers the qualitative and quantitative analysis of the market segmented on the basis of type, distribution channel, and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant global and/or regional presence.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the micro injection molding market. The report will benefit:
- Executives of the micro injection molding product manufacturers, resellers and distributors.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the micro injection molding market.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative micro injection molding solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
MIM is a unique injection molding process requiring specialized molding machine capable of delivering high injection speed, high injection pressure, precise shot control, uniform melt temperature and ultra-fine resolution using servo-electric drives and sophisticated controls. The process finds applications in many industries such as medical & healthcare, automotive, telecom, and others. The increasing demand for micro injection molded devices in medical & health care applications is expected to boost the market for MIM. Increasing adoption of minimally invasive surgical procedures to minimize recovery time and complications related to normal surgeries is the trend boosting the application of micro injection molded devices.
Fast-paced development in the field of micro-optics and microfluidics is expected to boost the micro injection molding market. Micro-optics is used to make small lens and prisms which are used in industries or applications where precision, clarity, and efficiency are of the utmost importance like in mobile phone cameras, then in endoscopy procedures in the medical field. Growth in microfluidics is also expected to boost the market for micro injection molding. Microfluidics involves governing and manipulating fluids at a micro level. Hence increased use of microfluidics in medical and biotech industries is expected to boost the market for micro injection molding.
Application Segment
The application of micro Injection molding was highest in medical and healthcare in 2017, followed by the automotive industry. In 2017 around 35.0% of the global market share of micro injection molding was captured by the medical & healthcare industry. Owing to the growing adoption of minimally invasive surgical procedures. Which requires the usage of instruments and techniques that cause less damage to the body as compared to normal surgery. Such medical procedures require small or tiny surgical instruments, tiny cameras, and tubes. In automotive industry demand for micro-sized gears, connectors and switches are increasing with the increase in the incorporation of mechatronics in vehicles. Which is expected to boost the market for MIM in the automotive industry.
North America generated the largest revenue in global micro injection molding market with revenues exceeding USD 209.4 million in 2017 followed by Europe making up for a share of 26.67% owing to the presence of developed nations such as Germany. High expenditure on medical facilities and growing automotive industry are factors responsible for Germany leading the European market. US government in 2016 spent approximately USD 171.8 million on medical and healthcare related R&D activities. Rapid technological developments coupled with increased expenditure on medical and healthcare related R&D activities has led to the growth of MIM market in North America.
The global market of MIM is fragmented due to the presence of numerous small and medium-sized vendors but at the regional level, it is consolidated at most major companies are located in Europe and North America.
While Asia-Pacific countries like India, China and the rest of APAC has attained remarkable growth owing to higher demand in medical and healthcare with growing awareness of population towards health and with appropriate treatments required by the aging population. Besides that, major end-use industries like automobiles and electronics are shifting their manufacturing base in these countries due to lower labor costs. Government has supported these manufacturers by offering tax benefits which encourage them to set up their bases in these countries.
The top players in the global micro injection molding are Accu-Mold LLC, Stamm AG, Sovrin Plastics, Makuta Technics, Precimold Inc., Rolla AG, Micromold Inc., and American Laubsher Corp (ALC Precision), American Precision Products, Micromolding Solution Inc., Precimold Incorporation.
The global Micro Injection Molding (MIM) market size was valued at USD 655.7 Million in 2018. The global Micro Injection Molding market is driven by growing demand for miniature machines and parts in various industries.
North America generated the largest revenue in global micro injection molding market with revenues exceeding USD 209.4 million in 2017 followed by Europe making up for a share of 26.67% owing to the presence of developed nations such as Germany. High expenditure on medical facilities and growing automotive industry are factors responsible for Germany leading the European market. US government in 2016 spent approximately USD 171.8 billion on medical and healthcare related R&D activities. Rapid technological developments coupled with increased expenditure on medical and healthcare related R&D activities has led to the growth of MIM market in North America.
Heightened demand for microinjection molding in the healthcare and medical sector is the primary driver for the market growth as it is employed in blade holders, dental prosthetics, catheter components, implants, and hearing aids. Surgeons and doctors urge instruments for quicker recovery times and less invasive procedures, devices are becoming more complex along with compactness, and designers are finding out high-precision and smaller components with materials and tolerances that seemed impossible years ago. In order to enhance minimally invasive device designs along with reduced part sizes, manufacturers have turned to micro molding.
Key Segments of the Global Micro Injection Molding Market
Application Overview, 2015-2025 (USD Million)
- Medical & Healthcare
- Automotive
- Telecom-Fiber Optics
- Micro Drive Systems & Control
- Others
Regional Overview, 2015-2025 (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Australia
- Rest of APAC
- Central & South America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- UAE
- Saudi Arabia
- Turkey
- South Africa
- Rest of MEA
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global micro injection molding industry.
- To understand the surging investments by key players in the micro-injection molding market.
- To understand the cause for increasing popularity of microfluidics and micro-optics in society.
What does the report include?
- The study on the global Micro Injection Molding market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the Porters 5 Forces and Value Chain Analysis.
- The study covers the qualitative and quantitative analysis of the market segmented on the basis of type, distribution channel, and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
- The study includes the profiles of key players in the market with a significant global and/or regional presence.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the micro injection molding market. The report will benefit:
- Executives of the micro injection molding product manufacturers, resellers and distributors.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the micro injection molding market.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovative micro injection molding solutions.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market drivers
3.2.2. Market restraints
3.2.3. Market opportunities
3.3. Porter’s Five Forces’ analysis
3.4. Value chain analysis
3.5. PESTEL analysis
3.6. Vendor landscape
Chapter 4. Global Micro Injection Molding Market Overview, By Application
4.1. Global Micro Injection Molding Market Share, by Application, 2018 & 2025
4.2. Medical & Healthcare
4.2.1. Market size and projections, 2017 - 2025
4.3. Automotive
4.3.1. Market size and projections, 2017 – 2025
4.4. Telecom Fiber Optics
4.4.1. Market size and projections, 2017 – 2025
4.5. Micro Drive Systems & Control
4.5.1. Market size and projections, 2017 – 2025
4.6. Others
4.6.1. Market size and projections, 2017 – 2025
Chapter 5. Micro Injection Molding Market Overview, By Region
5.1. Global Micro Injection Molding Market Share, by Region, 2018 & 2025
5.1.1. North America
5.1.1.1. Market size and projections, 2017-2025
5.1.1.2. US
5.1.1.2.1. Market size and projections, 2017-2025
5.1.1.3. Canada
5.1.1.3.1. Market size and projections, 2017-2025
5.1.2. Europe
5.1.2.1. Market size and projections, 2018-2025
5.1.2.2. UK
5.1.2.2.1. Market size and projections, 2017-2025
5.1.2.3. Italy
5.1.2.3.1. Market size and projections, 2017-2025
5.1.2.4. France
5.1.2.4.1. Market size and projections, 2017-2025
5.1.2.5. Germany
5.1.2.5.1. Market size and projections, 2017-2025
5.1.2.6. Rest of Europe
5.1.2.6.1. Market size and projections, 2017-2025
5.1.3. Asia Pacific
5.1.3.1. Market size and projections, 2018-2025
5.1.3.2. China
5.1.3.2.1. Market size and projections, 2017-2025
5.1.3.3. Japan
5.1.3.3.1. Market size and projections, 2017-2025
5.1.3.4. India
5.1.3.4.1. Market size and projections, 2017-2025
5.1.3.5. South Korea
5.1.3.5.1. Market size and projections, 2017-2025
5.1.3.6. Rest of Asia Pacific
5.1.3.6.1. Market size and projections, 2017-2025
5.1.4. Central & South America
5.1.4.1. Market size and projections, 2018-2025
5.1.4.2. Brazil
5.1.4.2.1. Market size and projections, 2017-2025
5.1.4.3. Mexico
5.1.4.3.1. Market size and projections, 2017-2025
5.1.4.4. Rest of Central & South America
5.1.4.4.1. Market size and projections, 2017-2025
5.1.5. Middle East & Africa
5.1.5.1. Market size and projections, 2017-2025
Chapter 6. Industry Structure
6.1. Company market share, 2016
6.2. Strategic framework
Chapter 7. Company Profiles
7.1. Rapidewerks.
7.1.1. Company overview
7.1.2. Product portfolio
7.1.3. Key developments
7.1.4. Financial performance
7.1.5. SWOT
7.2. Stamm AG.
7.2.1. Company overview
7.2.2. Product portfolio
7.2.3. Key developments
7.2.4. Financial performance
7.2.5. SWOT
7.3. Sovrin Plastics.
7.3.1. Company overview
7.3.2. Product portfolio
7.3.3. Key developments
7.3.4. Financial performance
7.3.5. SWOT
7.4. Makuta Technics.
7.4.1. Company overview
7.4.2. Product portfolio
7.4.3. Key developments
7.4.4. Financial performance
7.4.5. SWOT
7.5. Cargill Incorporated
7.5.1. Company overview
7.5.2. Product portfolio
7.5.3. Key developments
7.5.4. Financial performance
7.5.5. SWOT
7.6. Precimold Inc.
7.6.1. Company overview
7.6.2. Product portfolio
7.6.3. Key developments
7.6.4. Financial performance
7.6.5. SWOT
7.7. Rolla AG.
7.7.1. Company overview
7.7.2. Product portfolio
7.7.3. Key developments
7.7.4. Financial performance
7.7.5. SWOT
7.8. Micromold Inc.
7.8.1. Company overview
7.8.2. Product portfolio
7.8.3. Key developments
7.8.4. Financial performance
7.8.5. SWOT
7.9. American Laubsher Corp.
7.9.1. Company overview
7.9.2. Product portfolio
7.9.3. Key developments
7.9.4. Financial performance
7.9.5. SWOT
7.10. List of other vendors