Metal Injection Molding Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast, 2030
The
global Metal Injection Molding Market size is expected to reach USD 6.78 Billion in
2030 and register a revenue CAGR of 8.1% over the forecast period, according to
latest report by Reports and Data. Increasing government investments in defense
equipment is driving metal injection molding market revenue growth.
Major
factors driving market revenue growth include technological enhancement, rising
industrialization, and infrastructural growth, among others. The sector growth
is also driven by increasing mass production from end-use industries such as
automotive, consumer goods, and electronics, among others. Major manufacturing
companies are shifting towards this process as it enhances efficiency of the
products, minimizes manufacturing steps and reduction in material wastage.
The
global Metal Injection Molding market research report provides a brief overview
inclusive of competitive landscape and key developments in the market. It
provides an extensive study analysis of the strategic alliances such as mergers
and acquisitions, joint ventures, collaborations, product launches and brand
promotions, corporate deals and partnerships, among others. It also offers
insights into company overview, financial standing, business expansion plans,
and revenue growth of each company. It also sheds light on product advancement,
technological developments, and research and development activities.
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Some
Key Highlights from the Report:
· On May 21, 2019, Desktop Metal, a Massachusetts-based
manufacturer of 3D printing solutions, announced a strategic partnership with
Indo-MIM, an India-based fully integrated metal injection molding parts
producer with capabilities and proficiency in design, tooling, materials, and a
full range of finishing and assembly operations. The partnership
enables Desktop Metal and Indo-MIM to provide innovative solutions that
will allow companies worldwide to design and produce additively manufactured
metal parts at scale while also reducing time to market.
· Others segment accounted for a moderate revenue share
in 2021. Others include consumer products, and energy & infrastructure,
among others. One of the key factors driving demand for consumer products is
increasing demand for watches, eyewear, and other consumer products. Metal
injection molding has made significant progress in establishing itself as a
low-cost manufacturing technology for innovative watch designs ranging from
everyday stainless-steel timepieces to luxury diamond-encrusted timepieces. For
instance, SWATCH AG, was among the first to use stainless steel metal injection
molding watch cases. Furthermore, metal injection molding enables eyewear
manufacturers to design intricate spectacle frames in a much more
cost-effective and high-volume manner.
· Stainless steel segment accounted for largest revenue
share in 2021. Stainless steel has excellent stiffness, wear resistance, and
corrosion resistance properties. It's a popular material for metal injection
molding. Stainless steels benefit from metal injection molding as it improves
their strength, density, corrosion resistance, and flexibility. In automotive
and medical instrument industries, use of metal injection molding for stainless
steel is steadily increasing. The initial use and overall success of metal
injection molded orthodontic brackets demonstrate corrosion resistance and
biocompatibility of metal injection molded stainless steel applications.
· Market in Asia Pacific accounted for largest revenue
share in 2021. Growing number of manufacturing units, rising urbanization, and
increased demand for passenger vehicles and intelligent electronic products
have all contributed to growth of market in Asia Pacific. Metal injection
molding allows for greater design flexibility, improved accuracy, and a wide
range of material options. As a result, the process is widely used in
production of critical equipment components. Furthermore, rising government
initiatives on vehicle safety features have encouraged automotive manufacturers
in this region to adopt this manufacturing technology due to high-value
components and products it produces.
Key
Players:
Major
companies in the global market report include ARC Group Worldwide, INDO-MIM,
Smith Metal Products, D&K ENGINEERING, Tanfel Metal, Husky Technologies,
Connor Corporation, ASH Industries, Redstone Manufacturing, and Advanced Powder
Products, Inc.
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Key
Questions Addressed in the Report:
- What is the
expected revenue growth rate the global Metal Injection Molding market is
expected to register during the forecast period?
- What are the
key growth driving factors of Metal Injection Molding market?
- Who are the
leading players in the market?
- What are the
key outcomes of SWOT analysis and Porter’s Five Forces analysis?
- Which region
is expected to account for the largest market share in the global Metal Injection
Molding
An
extensive analysis of the global market is included in the report which covers
different factors from region-centric key statistical data to macro- and
micro-economic factors that are crucial for forecast assessment. The study also
offers a comprehensive analysis of the growth prospects, patents, technological
advancements, and product launches in the market.
Market
Segmentation:
Regional
Outlook (Revenue, USD Billion; 2019–2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
& Africa
Material Outlook
(Revenue, USD Billion; 2019–2030)
- Stainless
Steel
- Low-Alloy
Steel
- Tool Steel
- Bioimplantable
- Titanium
- Copper
- Magnetic
- Tungsten
- Hardmetals
End-use Outlook
(Revenue, USD Billion; 2019–2030)
- Automotive
- Medical &
Orthodontics
- Electrical
& Electronics
- Aerospace
& Defense
- Others
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Key
Points Addressed in the Report:
- A detailed
analysis of the global Metal Injection Molding market through assessment
of key market aspects such as technology, product type, application,
end-use, and overall industry dynamics.
- Qualitative
and quantitative analysis of the market estimation and CAGR calculation
for the forecast period.
- All-inclusive
assessment of market dynamics with emphasis on drivers, restraints,
opportunities, and limitations.
- Extensive
profiling of key companies operating in the market including company
overview, financial standing, product offerings, product portfolio, recent
product and technological advancement, and business expansion plans.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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