Injection Mold Cost: How Much Injection Molding Tooling Cost - Fowmould

Injection Mold Cost: How Much Injection Molding Tooling Cost

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The injection molding process is an incredibly efficient manufacturing process that allows you to invest in quality products for your business. However, to get the best out of this, you need to work with qualified plastic injection mold manufacturers.

Working with a company that has years of experience in this field will ensure that your products meet your desired results. Once you have the perfect injection mold manufacturing company in mind, the next thing to figure out is the cost of your productions.

The costs incurred in the injection molding process are determined by a few factors that you should keep in mind. This includes the molds, the materials, and the labor featured. Having your costs in mind will allow you to get your budget in place and work with manufacturers who meet your requirements.

Take your time to figure this out and ensure that you invest in products that will give you the best service. Here are the different aspects to consider when calculating your costs and how to go about it.

Injection Molds and Their Costs

injection-molds
Source: IEN

The first thing when it comes to manufacturing different products using the injection molding process is that you need to create a mold. This mold will be used and the basis when it comes to the formation of your products. The mold design to be created can be reused over time especially if you plan to continue re-investing in the same products.

The cost of your injection molds varies greatly depending on a few factors. These factors include the size, the material that will be used, and the number of products that will be produced. Paying attention to these aspects will help you make a more informed decision and ensure that your investments are worth it.

For instance, say you are looking to invest in a bulk order of washing machines, the manufacturer will create a mold designed to cater to that specific product. The exact price you’ll be working with will differ greatly depending on your manufacturer. However, if you are working with 1000 washing machines, you can expect to spend roughly $1000 to $2000.

It is also important to remember that some products will require a different approach when it comes to the injection mold. You’ll have to invest in multiple molds to cater to a single product with different parts to it. This type of injection mold can be very expensive and may require you to invest a bit more in your project.

The different molds featured refer to single cavity molds which are cheaper to work with and the more expensive multi-cavity molds. Given the complexities you’ll be working with on the injection molding process, it is important to note that the figures are rough estimates. Working closely with a reliable injection mold tooling manufacturer will give you a better understanding of what is required of you.

Factors That Will Affect the Price of Injection Mold Tooling

Source: Ennomotive

When it comes to injection mold tooling, there are a few things that will greatly affect the price. Paying attention to these aspects will allow you to invest in quality options that will meet your needs. Some of these factors include:

The molds featured in the injection molding process are required to feature cooling channels that are efficient in production. The faster the mold cools down the faster the result of this process cools down.

This results in fast productions giving you the best quality results. However, if this isn’t the case, using compressed air for cooling is also an option. With this in mind, you see that the price will differ from one with fast cooling and another with slower cooling options.

As discussed earlier, the price of your overall injection molding will be greatly influenced by the size of your mold. The larger the size you are working with the more expensive it will be. However, if you are working with smaller molds, the prices will be significantly lower.

Working with complex product designs in the injection molding process will increase the prices significantly. The mold to be made will have to feature distinct designs to ensure that your products turn out as they should. This will also include manual labor from designers to ensure that your vision comes to life and your expectations are met.

Costs of Injection Molding Materials

Injection-molding-material
Source: Star Rapid

The injection molding process has been around for a while and a lot of businesses continue to enjoy the benefits of having such a reliable option. Most customers love these processes because they are free to work with a variety of materials. The materials used in the injection molding process are designed to give you durable products that you can rely on and sell to your customers.

Seeing as this process is heavily based on plastic materials, your choices include thermoset plastics or thermoplastics. These two groups feature significant differences that you should note to ensure that you invest in the right option. Remember, these options feature different plastic resin options that also come with distinct features and characteristics.

Figure out what you want from your end product to best determine a plastic resin that works for you. The costs associated with the materials you choose to invest in for your injection molding process will vary greatly. With this in mind, the best thing is to work closely with your manufacturers and have them determine which material is suitable for your budget. 

However, if you already had a plastic resin in mind, you can work with the manufacturer to ensure that it is featured in the production. Determining the exact amount you’ll be spending on your injection mold materials is a hit-or-miss scenario. The only way to estimate this is by consulting with your injection mold manufacturer for accurate results.

Injection Molding Labor Costs

Source: Research Gate

Injection molding is a highly preferred manufacturing process mainly because of its efficiency, automation, and fast delivery. When it comes to the labor in injection molding, you can trust that it will not drag out.

Most of the processes feature the use of self-regulating and automated injection molding machines. This contributes greatly to the cost incurred and reduces it significantly compared to the mold cost and material cost. It is however important to consider a few aspects that play a part in the labor costs. This includes:

If you plan to include other aspects in the manufacture of your injection mold that would require manual labor, you’ll need to factor that in. Granted the manufacturing process is automated but if you have additional requirements you’ll be catering to them.

Injection molding features the use of different equipment that is powered in a variety of ways. You have choices like hydraulic, electric, pneumatic, and more. 

These different options also come with different costs since some are more efficient and fast working compared to others. For instance, the hydraulic injection mold machine is more expensive

For some clients, the need for product design and branding aspects is a major concern. These are additional services that will allow you to stand out from the crowd and allow you to cater to all your manufacturing needs under one roof. With this, however, you have to ensure that you cater to the costs of the additional labor featured.

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Conclusion

Injection molding cost is a subject that a lot of new businesses getting into this field would love to have figured out. However, there isn’t an exact figure that we can say would work for every business or client. This is mainly because of the different moving pieces that contribute to the price. From the mold cost, materials used, labor, and more. Working closely with trustworthy injection mold suppliers is the best way to get your cost estimates right.