FAQ about Plastic Injection Molding Operator III
1. How many injection molders are there in the US?
As of 2023, there are 408 Contract Injection Molding Manufacturing businesses in the US, reflecting a decrease of -2.2% from 2022. The salary for a Plastic Injection Molding Operator ranges from a minimum of $52,000 to a maximum of $67,600, with a mid-range salary of $60,300.
2. How profitable is injection molding?
The profitability of injection molding largely depends on production volume. For large-scale orders, it can be quite lucrative, with salaries for operators ranging from $52,000 to $67,600 annually. However, small quantity orders may yield lower profits due to significant costs associated with mold design and tooling, impacting overall budget efficiency.
3. What is the machine hour rate for injection molding machine?
The machine hour rate for an injection molding machine is calculated similarly to the labor hour rate. For instance, if factory overhead is $52,000 and total machine hours are 1,500, the machine hour rate would be approximately $34.67 per machine hour ($52,000 ÷ 1,500 hours). This method helps in determining the cost efficiency of machine operations.
4. Who is the largest injection molding company in the world?
The largest injection molding companies globally include ENGEL, Haitian International, and Milacron, among others. As a Plastic Injection Molding Operator, you can expect a salary ranging from $52,000 to $67,600, with a median salary of $60,300, reflecting the industry's demand for skilled professionals.
5. Why is injection molding so expensive?
Designing, creating, and assembling injection molds is a labor-intensive and complex process requiring skilled specialists. These professionals, such as Plastic Injection Molding Operators, earn salaries ranging from $52,000 to $67,600, reflecting their expertise. Cutting corners on quality can lead to higher costs down the line, making it essential to invest in skilled labor.
6. Is plastic injection molding difficult?
Plastic injection molding can be challenging due to factors like tight tolerances, material selection, and the need for precision in molds and machines. Operators must navigate these complexities, which is reflected in their salaries, ranging from $52,000 to $67,600, with a median of $60,300, indicating the skill level required for this profession.