Pune, India, Aug. 19, 2021 (GLOBE NEWSWIRE) -- According to reliable estimations, global metal injection molding market had reached a valuation of USD 3.2 billion in the year 2020 and is likely to account for USD 5.4 billion by 2027, recording a whopping 7.8% CAGR during the study period. This can be attributed to the growing demand for small metal components from aerospace and automotive applications as well as technological breakthroughs.
The document specializes in providing granular analysis of the market segmentations including material type, end-use industry, and regional outlook. Moreover, the research report also talks about the business-centric strategies used by the market leaders to acquire a competitive lead, further ensuring high-quality decision making among potential investors.
For those unaware, metal injection moldering (MIM) is the method that employs infiltration shaping systems to produce precise metal pieces. This ultra-fine aluminum alloy is then fused with an adhesive to develop a substrate that is then fed into the infusions.
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This sophisticated molding process for producing complex structural steel parts is usually defined by high design flexibility and fast cycle times. Introducing such methods with well-defined industrial credentials such as QS 9000 and ISO 9000 has managed to augment the demand for metal-ceramic parts through injection molding, thereby stimulating global metal injection molding industry outlook.
Electronics made using MIM technology can be used in wide array of applications due to their quicker processing time, high-quality end-product, and removal of secondary procedures. Despite these positive trends, high costs associated with raw materials coupled with limitations in using MIM produced items could hamper the industry remuneration in the upcoming years.
Regardless, rising competition and growing demand for such technologies, especially from healthcare sector, can provide substantial revenue generating opportunities for global metal injection molding market.
A summary of the geographical terrain
Worldwide metal injection molding industry, as per its regional scope, is segmented on the basis of Asia-Pacific, Latin America, North America, Europe, and the rest of the world.
Asia-Pacific currently accounts for the largest market share and is likely to showcase consistent growth throughout the study period. This can be credited to rising demand for machining industries, consumer goods, and automobiles. Improving economic conditions, technological breakthroughs, and rapid urbanization are also facilitating the business outlook in Asia-Pacific.
The metal injection molding industry size in North America is also predicted to expand at 10% CAGR through 2027, with United States being the major revenue generator. Favorable regulatory outlook towards reducing the overall carbon footprint has augmented the demand for MIM technologies, thereby favoring the regional market scenario.
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Global Metal Injection Molding Market by Material Type (Revenue, USD Billion, 2018-2027)
- Soft Magnetic Material
- Low Alloy Steel
- Stainless Steel
- Others
Global Metal Injection Molding Market by End-use Industry (Revenue, USD Billion, 2018-2027)
- Firearms & Defense
- Industrial
- Consumer Products
- Medical & Orthodontics
- Automotive
- Electric & Electronics
- Others
Global Metal Injection Molding Market Geographical Reach (Revenue, USD Billion, 2018-2027)
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- South Korea
- India
- China
- Australia
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
Rest of the World
Global Metal Injection Molding Market Competitive Outlook (Revenue, USD Billion, 2018-2027)
- Future High-Tech Batteries Ltd.
- CMG Technologies Ltd.
- Sintex A/S
- Dean Group International Ltd.
- NetShape Technologies Inc.
- Smith Metal Products
- Philips-Medisize Corp.
- ARC Group Worldwide Inc.
- Dynacast International LLC
- Indo-MIM Pvt. Ltd.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Metal Injection Molding Market, by Region, 2019-2027 (USD Billion)
1.2.2. Metal Injection Molding Market, by Material Type,2019-2027 (USD Billion)
1.2.3. Metal Injection Molding Market, by End-Use Industry ,2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Metal Injection Molding Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Metal Injection Molding Market Dynamics
3.1. Metal Injection Molding Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Widespread adoption in automotive and aerospace industries
3.1.1.2. Increasing use in electronic components
3.1.2. Market Challenges
3.1.2.1. High price of raw materials
3.1.3. Market Opportunities
3.1.3.1. Widespread adoption in healthcare sector
Chapter 4. Global Metal Injection Molding Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Metal Injection Molding Market, by Material Type
5.1. Market Snapshot
5.2. Global Metal Injection Molding Market by Material Type, Performance - Potential Analysis
5.3. Global Metal Injection Molding Market Estimates & Forecasts by Material Type2018-2027 (USD Billion)
5.4. Metal Injection Molding Market, Sub Segment Analysis
5.4.1. Stainless Steel
5.4.2. Low Alloy Steel
5.4.3. Soft Magnetic Material
5.4.4. Others
Chapter 6. Global Metal Injection Molding Market, by End-Use Industry
6.1. Market Snapshot
6.2. Global Metal Injection Molding Market by End-Use Industry , Performance - Potential Analysis
6.3. Global Metal Injection Molding Market Estimates & Forecasts by End-Use Industry 2018-2027 (USD Billion)
6.4. Metal Injection Molding Market, Sub Segment Analysis
6.4.1. Electric & Electronics
6.4.2. Automotive
6.4.3. Medical & Orthodontics
6.4.4. Consumer Products
6.4.5. Industrial
6.4.6. Firearms &Defense
6.4.7. Others
Chapter 7. Global Metal Injection Molding Market, Regional Analysis
Related Report:
Injection Molding Machine Market Size, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 - 2027
The injection molding machine market is slated to record significant gains by 2027 owing to the high product usage across various end-user industries including packaging, construction, automotive & transportation, and consumer goods among others. Injection molding machines utilizes custom-made molds to fill them out as per the specifications, manufacturing identical component copies that could be customized in a number of different ways. This growth projection can be chalked up to the superior characteristics of these kind of machines, which combine the clamping force of hydraulic machine with the high precision, repeatability as well as energy saving properties of the electric machines. Hybrid injection molding machines are also capable of manufacturing both thick and thin walled parts and are further becoming extremely popular among medical device manufacturers. On the regional front, Europe is a key market for the injection molding machines and is likely to acquire a significant portion of the market. The European region accounted for more than 15% market share in 2020 and is anticipated to exhibit a promising growth rate in the times to come. Increasing healthcare expenditure and high level of automotive production in the regions are some of the growth enabling factor fueling the overall regional market.
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