The Metal
Injection Molding Global Market Report 2024 by The Business Research Company
provides market overview across 60+ geographies in the seven regions -
Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the
Middle East, and Africa, encompassing 27 major global industries. The report
presents a comprehensive analysis over a ten-year historic period (2010-2021)
and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Metal Injection Molding Market:
https://www.thebusinessresearchcompany.com/report/metal-injection-molding-global-market-report
According to The Business Research Company’s Metal Injection Molding Global
Market Report 2024, The metal injection molding market size has grown rapidly
in recent years. It will grow from $3.97 billion in 2023 to $4.39 billion in
2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be
attributed to powder metallurgy advancements, automotive industry demand,
energy sector requirements, additive manufacturing growth, consumer goods
manufacturing..
The metal injection molding market size is expected to see strong growth in the
next few years. It will grow to $6.32 billion in 2028 at a compound annual
growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed
to advancements in alloy development, sustainable practices, investments in
research and development, rising demand for lightweight materials, global
infrastructure development.. Major trends in the forecast period include
additive manufacturing, powder metallurgy techniques, wider range of metal
powder alloys, metal injection molding, digitalization and industry 4.0
integration..
Rising demand from the automotive industry is expected to propel the growth of
the metal injection molding market going forward. An automotive industry refers
to an industry that comprises businesses involved in the manufacture,
distribution, retail, and upkeep of automobiles. Metal injection molded parts
are now largely used by the automotive industry for engines, gearboxes,
turbochargers, locking mechanisms, steering systems, and electrical systems.
These are employed to produce high-strength, high-complexity parts. For
instance, in March 2022, according to a report published by the European
Automobile Manufacturers' Association (ACEA), sales of passenger cars in the US
increased by 5.5% from 2020 to 11.9 million units in 2021. Over 6.3 million
passenger cars were produced in US auto facilities in 2021, an increase of 3.1%
from 2020. Therefore, rising demand from the automotive industry is driving the
growth of the metal injection molding market.
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The metal injection molding market covered in this report is segmented –
1) By Material: Stainless Steel, Low Alloy Steel, Soft Magnetic Material, Other
Materials
2) By Machine Type: Hydraulic, Electric, Hybrid
3) By End-user: Electrical And Electronics, Automotive, Consumer, Industrial,
Other End-Users
Product innovations are the key trends gaining popularity in the metal
injection molding market. Major companies operating in the metal injection
molding market are adopting new technologies to sustain their position in the
market. For instance, in September 2021, The ExOne Company, a US-based provider
of 3D printing machines, launched X1 Tooling, the world’s broadest portfolio of
industrial-grade 3D-printed tooling solutions. To address supply chain issues,
this portfolio was developed for producers searching for quick, inexpensive,
and local tooling solutions. For metal production, the company has launched X1
SandCast, X1 MetalTool, and X1 DieMold. Additionally, end-of-arm tooling and
tough perishable or consumable cutting tools in a variety of metals, including
tool steels, can be 3D printed using the X1 MetalTool.
The metal injection molding market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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