Metal Injection Molding Market is expected to register exponential growth

According to the latest research report published by Market Data Forecast, the global metal injection molding market Size has predicted a value of USD 5.03 billion in 2023 and is predicted to reach USD 8.78 billion by 2029, and it is predicted to register a CAGR of 9.74% during the forecast period 2024-2029.

Metal Injection Molding Market is a metalworking process in which fine metal powder and binder material are combined to produce output.

Global Metal Injection Molding Market Report Scope:

• Market Size (2029): USD 8.78 Billion
• Market Size (2023): USD 5.03 Billion
• CAGR (2024 to 2029): 9.74%
• Base Year: 2023
• Forecast Period: 2024 to 2029
• Segments Analysed: Material, End-use, and Region
• Geographies Covered: North America, Europe, APAC, Latin America, and Middle East & Africa
• Key Market Players Profiled: Indo-MIM (India), Dynacast International (US), ARC Group Worldwide (US), Smith Metal Products (US), NetShape Technologies (US), Husky Injection Molding Systems Ltd, Injectamax International, LLC, Tanfel Metal, D&K ENGINEERING, Reaux Medical Molding, Mahler GmbH, BMI Fours Industriels, and Others.

Market Drivers:

The automotive industry is one of the major contributors to the metal injunction moldind market growth. It uses MIM to manufacture accurate, superior quality and lightweight automobile components. These parts are them utilized to produce different vehicle sections for example, gearbox, steering, turbochargers and locking mechanisms.
Another factor driving the metal injection molding market is the rising number of surgeries. MIM technology is often employed for producing surgical tools and equipment. This includes trauma plates, ablation electrodes, orthopedic tools, endoscopic graspers and scissors.
Moreover, MIM lowers manufacturing time, reduces costs, and decreases raw material waste in feedstock making. Extensive industrialization and expanding urbanization in both developed and developing countries, tactical partnerships between key players and the increasing investments in research and development activities to better integrate modern MIM for large-scale complex designing of different-sized metal parts are the other factors fuelling the market demand.
Thus, all these factors made companies move away from the traditional molding process to MIM solutions and propelled the market expansion.

Market Restraints:

The metal injection molding market value is affected by the costly equipment and substitute availability. Moreover, the complex and prolonged manufacturing process is also hindering the market growth rate.
The high initial investment is one of the key restraints for the metal injection molding market growth. So due to this expensive factory setup, the global industry revenue is witnessing a drop in the last few years. Similarly, the inflated overhead cost related to MIM systems and tools also contributed to the fall in sales. It comprised specialized components like injection molding machinery, a sintering furnace and a debinding oven. A company that has just commenced operations in this sector will find it extremely difficult as it's an additional burden. The presence of pre-established players demoralizes and makes profit generation even more tough.
Additionally, volatile raw material prices is another constraint for the metal injection molding market. Mixed metal powder and binders are the two primary elements required. The instability in world energy markets, economic situation and demand-supply dynamics all elevate the making cost.

Browse full details of the report @ https://www.marketdataforecast.com/market-reports/metal-injection-molding-market

Key Insights from The Report:

• Based on material, the stainless-steel segment led the market and accounted for the largest share of the global market in 2023.
• Based on end-use, the electrical and electronics segment occupied the majority of the global market share in 2023.
• Asia-Pacific dominated the metal injection molding market in 2023. Europe accounted for the second-highest share of the global market in 2023 and on the other hand, the North America region is estimated to grow at the fastest CAGR during the forecast period.

SEGMENTATION INCLUDED IN THIS REPORT:

By Material
• Stainless steel
• Low alloy steel
• Soft magnetic materials
• Others

By End-use
• Electrical and electronics
• Automotive
• Consumer
• Industrial
• Medical and orthodontics
• Firearms and Defense

By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

TABLE OF CONTENTS:

1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline

3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market

5. Market Segmentation
5.1 Metal Injection Molding Market By, Material Type
5.1.1 Introduction
5.1.2 Stainless Steel, , and Others
5.1.3 Low Alloy Steel
5.1.4 Soft Magnetic Material
5.1.5 Others
5.1.6 Y-o-Y Growth Analysis, By Material Type
5.1.7 Market Attractiveness Analysis, By Material Type
5.1.8 Market Share Analysis, By Material Type
5.2 Metal Injection Molding Market By, End-Use Industry
5.2.1 Introduction
5.2.2 Electrical & Electronics
5.2.3 Automotive
5.2.4 Consumer
5.2.5 Industrial
5.2.6 Medical & Orthodontics
5.2.7 Firearms & Defense
5.2.8 Y-o-Y Growth Analysis, By End-Use Industry
5.2.9 Market Attractiveness Analysis, By End-Use Industry
5.2.10 Market Share Analysis, By Ebd-Use Industry

6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Material Type
6.1.3.3 By End-Use Industry
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Material Type
6.1.4.3 By End-Use Industry
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Material Type
6.1.5.3 By End-Use Industry
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa

7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter's Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry

8. Market Leaders' Analysis
8.1 BMI Fours Industriels
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Indo-MIM
8.3 Dynacast International
8.4 ARC Group Worldwide
8.5 Smith Metal Products
8.6 NetShape Technologies
8.7 Husky Injection Molding Systems Ltd.
8.8 Injectamax International LLC.
8.9 Tanfel Metal
8.10 D&K ENGINEERING

9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations, and Joint Ventures
9.4 New Product Launches

10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures

ABOUT US:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

MarketDataForecast
www.marketdataforecast.com
Phone: +1-888-702-9626
Email: sales@marketdataforecast.com
3rd Floor, Trendz Park Building, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana, India.

This release was published on openPR.