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Understanding Injection Molding Costs

by Miles Austine
May 23, 2022
in Tech

Injection molding is a commonly used manufacturing process for producing high-precision parts and components. But what are the costs associated with injection molding? Below is an outline of some key cost factors to consider when evaluating an injection molded part.

Table of Contents

  • What is injection molding?
  • The cost of the mold
  • The cost of the material
  • The cost of additional secondary operations
  • The cost of setup and tooling
  • How much does plastic injection molding cost?
  • The cost of the equipment used
  • The cost of the tools used
  • The cost of labor
  • How can you estimate the injection molding cost?

What is injection molding?

Injection molding is a manufacturing process that creates parts and components by injecting molten material into a mold cavity. Injection molding is commonly used for producing high-precision parts with complex geometries. It can be used to produce parts from various materials, including metals, plastics, and glass.

When it comes to injection mold services, some different factors can impact the overall cost. Some of these key cost factors include:

The cost of the mold

The cost of the mold is one of the most important factors to consider when evaluating an injection molded part. The cost of the mold can vary significantly depending on the complexity of the part and the size of the production run. In general, the cost of the mold increases with the complexity of the part and the size of the production run.

The cost of the material

The material cost is another important factor when evaluating an injection molded part. The cost of the material can vary depending on the type of material used and can also vary depending on the quantity of material needed for a particular production run.

The cost of additional secondary operations

In addition to the mold and the material, there may be additional costs associated with secondary operations such as machining or finishing. These costs will depend on the specific needs of each part and the volume of production required. 

The cost of setup and tooling

Injection molding typically requires a significant investment in setup and tooling costs, which can be very expensive. These costs are often based on the size and complexity of the part and the full production run.

How much does plastic injection molding cost?

The cost of plastic injection molding will depend on many factors, including the complexity and size of the part, the material used, and any additional secondary operations. Depending on these factors, the cost will generally range from several hundred to several thousand dollars per unit.

There are different cost breakdowns when it comes to injection molding, the include:

The cost of the equipment used

The cost of the machine used in plastic injection molding is called the clamping force. Most machines used today have a tonnage of 400 or more. The average cost of these machines is around $100,000.

The cost of the tools used

The cost of injection molding tools is based on several factors, including the complexity and size of the part and the volume required for production. In general, tooling can range from a few thousand dollars to hundreds of thousands of dollars, depending on these factors.

The cost of labor

The labor cost is also a key component in the overall cost of injection molding. Most injection molding operations require skilled labor to operate and maintain the equipment and specialized technicians to handle product design and tooling. Depending on the location, labor costs can vary significantly across different regions and countries.

How can you estimate the injection molding cost?

There are some different steps that can be taken to estimate the cost of injection molding. These include:

  • Evaluating the size and complexity of the part: One of the most important factors in determining the cost of injection molding is the size and complexity of the part. Factors such as wall thickness, draft angles, undercuts, and the number of cavities will all impact the cost.
  • Evaluating material costs: In addition to the cost of the tool for production, you will also need to consider the cost of the material itself. Different materials have different costs, and you will want to select a material that meets your needs in terms of performance and cost.
  • Calculating secondary operation costs: If your part requires additional secondary operations such as machining or finishing, you must factor these costs into your budget.

There are many factors to consider when evaluating the cost of injection molded parts. By understanding these key cost drivers and working with a skilled provider of injection molding services, it is possible to get accurate estimates and ensure that your injection molded part meets your specifications and fits your budget.

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