Injection Molded Automotive Parts Market Size, Trends and Insights By Raw Material (Polypropylene, Acrylonitrile Butadiene Styrene (ABS), Polystyrene, High-Density Polyethylene (HDPE), Others), By Application (Interior Components, Exterior Components, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI31975

Published Date: September 2023

Pages: 220+

Category: Automotive

Report Snapshot

CAGR: 4.8%
56.4B
2022
59.2B
2023
84.5B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Robert Bosch GmbH
  • Magna International Inc.
  • Continental AG
  • Delphi Technologies (now part of BorgWarner Inc.)
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Injection Molded Automotive Parts Market is expected to record a CAGR of 4.8% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 56.4 billion. By 2032, the valuation is anticipated to reach USD 84.5 billion.

Injection molded automotive parts refer to components manufactured using the injection molding process for the automotive industry. This process involves melting plastic materials, injecting them into a mold cavity, and allowing them to cool and solidify.

These parts are integral to vehicles, encompassing a wide range of applications, including interior and exterior components, safety features like airbag housings, sensor enclosures for advanced driver assistance systems (ADAS), engine components, and structural elements.

Injection molding offers advantages like design flexibility, cost-effectiveness, and the ability to produce intricate shapes, contributing to the automotive industry’s goals of safety, lightweight, and sustainability.

Injection Molded Automotive Parts Market – Significant Growth Factors

The Injection Molded Automotive Parts Market presents significant growth opportunities due to several factors:

  • Lightweight and Fuel Efficiency: Evolving environmental regulations and consumers’ increasing preference for eco-friendly vehicles are compelling automakers to prioritize lightweight materials in their designs. Injection-molded parts are gaining prominence due to their exceptional weight-saving characteristics, thus contributing significantly to improving fuel efficiency and reducing emissions.
  • Advanced Safety Systems: With the automotive industry’s relentless pursuit of enhanced safety standards, the injection-molded automotive parts market is witnessing a surge in demand for meticulously engineered components. These include intricately designed sensor housings and airbag components, essential for bolstering vehicle safety and supporting the seamless integration of Advanced Driver Assistance Systems (ADAS).
  • Electric Vehicle (EV) Adoption: The global shift toward electric vehicles, driven by both environmental concerns and technological advancements, is revolutionizing the automotive landscape. This transformation translates into a growing need for specialized injection-molded components, specifically tailored to meet the unique requirements of EVs. This includes lightweight and durable battery enclosures, as well as components for the electric drivetrain, reinforcing the market’s expansion.
  • Sustainability Focus: As sustainability becomes an ever-more pressing concern, automakers are intensifying their efforts to minimize their environmental impact. This presents a remarkable opportunity for manufacturers in the injection molded automotive parts sector. By employing eco-friendly materials and implementing sustainable production practices, they can align with the automotive industry’s sustainability goals and cater to a growing market segment that prioritizes green solutions.
  • EV Charging Infrastructure: The rapid proliferation of electric vehicles necessitates an extensive and accessible charging infrastructure. Injection molding companies can seize this burgeoning opportunity by specializing in the production of charging port components and other critical elements of the EV charging ecosystem. This includes components that ensure efficient power transfer and robust connectivity within the charging network.
  • Customization and Design Innovation: The automotive market is increasingly driven by consumer preferences for unique and visually striking vehicle designs. Injection molding suppliers have an opportunity to provide automakers with customizable solutions, enabling them to create vehicles that stand out in terms of aesthetics and functionality. This trend toward design innovation can be leveraged by offering a wide range of design options, materials, and finishes, catering to the evolving demands of the automotive industry.

Injection Molded Automotive Parts Market – Mergers and Acquisitions

The Injection Molded Automotive Parts Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Injection Molded Automotive Parts Market include:

  • In 2022, CATL and BMW Group have announced a multi-year agreement for the supply of cylindrical battery cells. These cells will power BMW’s upcoming electric models in the NEUE KLASSE series, scheduled to launch in 2025, solidifying their commitment to electric mobility.
  • In 2022, Tesla’s longstanding collaborator, Panasonic, is constructing a $4 billion electric vehicle (EV) battery plant in Kansas. This facility will provide battery packs to support the automotive industry’s swift transition towards electric cars and trucks.
  • In 2021, Volkswagen has forged strategic alliances with key players in battery technology industrialization, including Umicore, a materials technology group, battery specialist 24M Technologies, and cleantech firm Vulcan Energy Resources Ltd. These partnerships signify a significant move in Volkswagen’s pursuit of sustainable electric mobility.
  • In 2021, Ford and SK Innovation signed an MoU to form a joint venture named BlueOval SK. This partnership will manufacture around 60 GWh annually in traction battery cells and array modules, commencing in the mid-decade, with room for expansion.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Injection Molded Automotive Parts Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Injection Molded Automotive Parts Market Electric Farm Tractor Market ABS/ESC Coil Housing Market
CAGR 4.8% (Approx) CAGR 11.2% (Approx) CAGR 6.1% (Approx)
USD 84.5 billion by 2032 USD 339.5 Million by 2032 USD 1200 Million by 2032

Injection Molded Automotive Parts Market – Significant Threats

The Injection Molded Automotive Parts Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Supply Chain Disruptions: Disruptions in the supply chain, such as raw material shortages, transportation bottlenecks, or geopolitical tensions, can significantly impact the production of injection molded automotive parts. These disruptions can lead to delays, increased costs, and production setbacks.
  • Regulatory Changes: Frequent changes in automotive regulations and emissions standards can pose a threat to manufacturers. Compliance with evolving regulations often requires adjustments to materials, processes, and designs, which can increase costs and complexity.
  • Market Volatility: Fluctuations in the automotive market, including changes in consumer demand, economic downturns, and shifts in vehicle preferences (e.g., from traditional cars to SUVs or electric vehicles), can affect the demand for injection molded parts. Market volatility can lead to overcapacity and pricing pressure.
  • Competition and Price Pressure: Intense competition among injection molding suppliers can result in price pressure, potentially leading to thinner profit margins. Companies may need to continuously invest in technology and process improvements to remain competitive, which can strain financial resources.
  • Changing Travel Policies: Changes in travel policies, such as visa restrictions, quarantine requirements, or travel bans, can disrupt international events and limit the ability of participants to attend. Uncertainty around travel restrictions can deter both attendees and event organizers, impacting the overall success and viability of MICE events.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 59.2 Billion
Projected Market Size in 2032 USD 84.5 Billion
Market Size in 2022 USD 56.4 Billion
CAGR Growth Rate 4.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Raw Material, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Raw Material:

  • Polypropylene: Polypropylene, a versatile thermoplastic, is widely used in the injection molded automotive parts market due to its lightweight, durability, and cost-effectiveness. Trends show increased adoption of interior components like dashboards and door trims, driven by demand for weight reduction. Its recyclability aligns with sustainability goals.
  • Acrylonitrile Butadiene Styrene (ABS): ABS, known for its strength and impact resistance, finds applications in exterior automotive parts such as grilles and body panels. A trend is the growing use of ABS in lightweighting initiatives and its compatibility with various finishing techniques, enhancing design flexibility.
  • Polystyrene: Polystyrene is favoured for its affordability and ease of molding. In the market, it’s seen in interior components like instrument panels and console parts. A trend is its replacement in certain applications due to sustainability concerns associated with non-recyclability.
  • High-Density Polyethylene (HDPE): High-Density Polyethylene (HDPE) is renowned for its remarkable strength-to-weight ratio and exceptional chemical resistance. This versatile material has found application in a wide array of automotive components, most notably in the manufacturing of fuel tanks. A notable trend is the escalating utilization of HDPE in the production of components for electric vehicles, driven by its recyclability and its pivotal role in aiding weight reduction strategies within the automotive industry.
  • Others: Other materials like thermoplastic elastomers (TPE), polyurethane (PU), and composites are gaining traction, especially in sealing and gasket applications. A trend is the exploration of innovative material combinations to meet performance and sustainability demands in injection molded automotive parts.

Application

  • Interior Components: Injection molded interior components in the automotive market encompass a wide range of parts, from instrument panels and door trims to seats and center consoles. These parts are defined by their aesthetic and functional contributions to the vehicle’s interior. A trend in this segment is a growing emphasis on design innovation and customization, driven by consumer preferences for distinctive interiors with advanced technology integration.
  • Exterior Components: Exterior injection molded automotive parts include items like bumpers, grilles, body panels, and lighting components. They are critical for the vehicle’s external appearance, safety, and aerodynamics. A significant trend in this category is the development of lightweight and durable materials, aligned with fuel efficiency and the integration of advanced safety and lighting systems.
  • Others: The “Others” category encompasses a diverse range of automotive components, including those under the hood, in the chassis, and within electrical and electronic systems. This segment is defined by its versatility and ability to support various vehicle functions. A notable trend here is the increasing use of injection molding for components related to electric and autonomous vehicles, pushing the boundaries of design and material innovation to meet the demands of these emerging technologies.

Global Injection Molded Automotive Parts Market 2023–2032 (By Billion)

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Injection Molded Automotive Parts Market – Regional Analysis

The Injection Molded Automotive Parts Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: In North America, the injection molded automotive parts market is experiencing a trend towards the increased production of lightweight components to improve fuel efficiency and meet stringent emissions standards. In North America, there is a noticeable shift towards sustainable materials in response to heightened consumer preferences for environmentally friendly vehicles. Moreover, the increased adoption of advanced safety technologies and the surge in electric vehicle (EV) production are stimulating the innovation and production of specialized injection-molded components tailored to these evolving segments.
  • Europe: In Europe, the automotive industry is focusing on sustainability and the transition to electric mobility. This region is witnessing a trend towards the use of bio-based and recycled materials for injection molded parts, aligning with the EU’s stringent environmental regulations.
  • Asia-Pacific: The Asia-Pacific region, a manufacturing hub for the automotive industry, is witnessing trends in mass production efficiency and cost-effectiveness. There’s a growing preference for injection molded parts that offer a balance between quality and affordability. With the rapid rise of EVs in countries like China, there’s a particular emphasis on producing injection-molded components tailored for electric vehicles, including battery enclosures and charging connectors.
  • LAMEA (Latin America, Middle East, and Africa): In the LAMEA region, the automotive market is marked by a trend towards localization and regional manufacturing to reduce costs and enhance supply chain resilience. This region also shows potential for injection molded parts used in off-road and heavy-duty vehicles due to challenging terrain and industrial applications. Additionally, there’s a growing interest in sustainable materials to meet environmental goals in countries across the region.

Global Injection Molded Automotive Parts Market 2023–2032 (By Application)

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Competitive Landscape – Injection Molded Automotive Parts Market

The Injection Molded Automotive Parts Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Robert Bosch GmbH
  • Magna International Inc.
  • Continental AG
  • Delphi Technologies (now part of BorgWarner Inc.)
  • Faurecia S.A.
  • Valeo S.A.
  • Yanfeng Automotive Interiors
  • Flex-N-Gate Corporation
  • Samvardhana Motherson Group (SMG)
  • Adient plc
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New entrants in the injection molded automotive parts market are increasingly adopting innovation and development to establish their presence. These emerging players often bring fresh ideas, cutting-edge technologies, and unique solutions to cater to evolving industry demands.

However, dominating the market are established key players with extensive experience, comprehensive resources, and established customer relationships.

They maintain dominance through a combination of factors, including a wide product portfolio, global presence, adherence to quality standards, and continuous R&D investments. Their ability to provide reliable, cost-effective, and high-quality solutions makes them preferred partners for automotive manufacturers and suppliers worldwide.

The Injection Molded Automotive Parts Market is segmented as follows:

By Raw Material

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

By Application

  • Interior Components
  • Exterior Components
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Injection Molded Automotive Parts Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Injection Molded Automotive Parts Market: snapshot
  • Chapter 3. Global Injection Molded Automotive Parts Market – Industry Analysis
    • 3.1 Injection Molded Automotive Parts Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Lightweight and Fuel Efficiency
      • 3.2.2 Advanced Safety Systems
      • 3.2.3 Electric Vehicle (EV) Adoption
      • 3.2.4 Sustainability Focus
      • 3.2.5 EV Charging Infrastructure
      • 3.2.6 Customization and Design Innovation.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Raw Material
      • 3.7.2 Market Attractiveness Analysis By Application
  • Chapter 4. Global Injection Molded Automotive Parts Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Injection Molded Automotive Parts Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Injection Molded Automotive Parts Market – Raw Material Analysis
    • 5.1 Global Injection Molded Automotive Parts Market Overview: By Raw Material
      • 5.1.1 Global Injection Molded Automotive Parts Market Share, By Raw Material, 2022 and 2032
    • 5.2 Polypropylene
      • 5.2.1 Global Injection Molded Automotive Parts Market by Polypropylene, 2023 – 2032 (USD Billion)
    • 5.3 Acrylonitrile Butadiene Styrene (ABS)
      • 5.3.1 Global Injection Molded Automotive Parts Market by Acrylonitrile Butadiene Styrene (ABS), 2023 – 2032 (USD Billion)
    • 5.4 Polystyrene
      • 5.4.1 Global Injection Molded Automotive Parts Market by Polystyrene, 2023 – 2032 (USD Billion)
    • 5.5 High-Density Polyethylene (HDPE)
      • 5.5.1 Global Injection Molded Automotive Parts Market by High-Density Polyethylene (HDPE), 2023 – 2032 (USD Billion)
    • 5.6 Others
      • 5.6.1 Global Injection Molded Automotive Parts Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Injection Molded Automotive Parts Market – Application Analysis
    • 6.1 Global Injection Molded Automotive Parts Market Overview: By Application
      • 6.1.1 Global Injection Molded Automotive Parts Market Share, By Application, 2022 and 2032
    • 6.2 Interior Components
      • 6.2.1 Global Injection Molded Automotive Parts Market by Interior Components, 2023 – 2032 (USD Billion)
    • 6.3 Exterior Components
      • 6.3.1 Global Injection Molded Automotive Parts Market by Exterior Components, 2023 – 2032 (USD Billion)
    • 6.4 Others
      • 6.4.1 Global Injection Molded Automotive Parts Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Injection Molded Automotive Parts Market – Regional Analysis
    • 7.1 Global Injection Molded Automotive Parts Market Regional Overview
    • 7.2 Global Injection Molded Automotive Parts Market Share, by Region, 2022 & 2032 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Injection Molded Automotive Parts Market, 2023 – 2032 (USD Billion)
        • 7.3.1.1 North America Injection Molded Automotive Parts Market, by Country, 2023 – 2032 (USD Billion)
    • 7.4 North America Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032
      • 7.4.1 North America Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 7.5 North America Injection Molded Automotive Parts Market, by Application, 2023 – 2032
      • 7.5.1 North America Injection Molded Automotive Parts Market, by Application, 2023 – 2032 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Injection Molded Automotive Parts Market, 2023 – 2032 (USD Billion)
        • 7.6.1.1 Europe Injection Molded Automotive Parts Market, by Country, 2023 – 2032 (USD Billion)
    • 7.7 Europe Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032
      • 7.7.1 Europe Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 7.8 Europe Injection Molded Automotive Parts Market, by Application, 2023 – 2032
      • 7.8.1 Europe Injection Molded Automotive Parts Market, by Application, 2023 – 2032 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Injection Molded Automotive Parts Market, 2023 – 2032 (USD Billion)
        • 7.9.1.1 Asia Pacific Injection Molded Automotive Parts Market, by Country, 2023 – 2032 (USD Billion)
    • 7.10 Asia Pacific Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032
      • 7.10.1 Asia Pacific Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 7.11 Asia Pacific Injection Molded Automotive Parts Market, by Application, 2023 – 2032
      • 7.11.1 Asia Pacific Injection Molded Automotive Parts Market, by Application, 2023 – 2032 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Injection Molded Automotive Parts Market, 2023 – 2032 (USD Billion)
        • 7.12.1.1 Latin America Injection Molded Automotive Parts Market, by Country, 2023 – 2032 (USD Billion)
    • 7.13 Latin America Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032
      • 7.13.1 Latin America Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 7.14 Latin America Injection Molded Automotive Parts Market, by Application, 2023 – 2032
      • 7.14.1 Latin America Injection Molded Automotive Parts Market, by Application, 2023 – 2032 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Injection Molded Automotive Parts Market, 2023 – 2032 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Injection Molded Automotive Parts Market, by Country, 2023 – 2032 (USD Billion)
    • 7.16 The Middle-East and Africa Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032
      • 7.16.1 The Middle-East and Africa Injection Molded Automotive Parts Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 7.17 The Middle-East and Africa Injection Molded Automotive Parts Market, by Application, 2023 – 2032
      • 7.17.1 The Middle-East and Africa Injection Molded Automotive Parts Market, by Application, 2023 – 2032 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Robert Bosch GmbH
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Magna International Inc.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Continental AG
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Delphi Technologies (now part of BorgWarner Inc.)
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Faurecia S.A.
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Valeo S.A.
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Yanfeng Automotive Interiors
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Flex-N-Gate Corporation
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Samvardhana Motherson Group (SMG)
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Adient plc
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Others.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
List Of Figures

Figures No 1 to 22

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Robert Bosch GmbH
  • Magna International Inc.
  • Continental AG
  • Delphi Technologies (now part of BorgWarner Inc.)
  • Faurecia S.A.
  • Valeo S.A.
  • Yanfeng Automotive Interiors
  • Flex-N-Gate Corporation
  • Samvardhana Motherson Group (SMG)
  • Adient plc
  • Others

FAQs

The key factors driving the Market are Lightweighting and Fuel Efficiency, Advanced Safety Systems, Electric Vehicle (EV) Adoption, Sustainability Focus, EV Charging Infrastructure And Customization and Design Innovation.

The “Raw Material” category dominated the market in 2022.

The key players in the market are Robert Bosch GmbH, Magna International Inc., Continental AG, Delphi Technologies (now part of BorgWarner Inc.), Faurecia S.A., Valeo S.A., Yanfeng Automotive Interiors, Flex-N-Gate Corporation, Samvardhana Motherson Group (SMG), Adient plc, Others.

“North America” had the largest share in the Injection Molded Automotive Parts Market.

The global market is projected to grow at a CAGR of 4.8% during the forecast period, 2023-2032.

The Injection Molded Automotive Parts Market size was valued at USD 56.4 Billion in 2022.

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