PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577362
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1577362
Metal Injection Molding (MIM) Parts Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
The Global Metal Injection Molding (MIM) Parts Market size is anticipated to witness a 12.2% CAGR between 2024 and 2032 driven by its ability to produce complex, high-precision components with excellent mechanical properties and minimal waste. MIM technology combines the advantages of powder metallurgy and plastic injection molding, allowing manufacturers to create intricate parts that are both lightweight and durable.
The versatility of this technology enables its use in producing components for electronics, consumer goods, and defense applications, where its capability to handle complex shapes and fine details is highly valued. Advances in MIM technology, such as improvements in material formulations and processing techniques, are also enhancing the quality and range of components that can be produced, making it an attractive option for manufacturers seeking to innovate and optimize their production processes.
The overall industry is classified into material, end use and region.
Based on material, the MIM parts market from the low alloy steel segment is slated to witness significant growth during 2024-2032. This is due to its excellent balance of strength, hardness, and cost-effectiveness, which makes it ideal for producing high-performance components. Low alloy steels also offer superior mechanical properties and wear resistance compared to standard steels, while remaining more affordable than high-alloy alternatives.
In terms of end use, the metal injection molding parts market from the consumer goods segment will foresee considerable growth up to 2032 due to the increasing demand for high-quality, intricately designed components that enhance product functionality and aesthetics. MIM technology allows to produce detailed and complex parts with tight tolerances, which is highly valued in consumer goods, such as electronics, wearables, and household appliances.
North America metal injection molding parts industry is anticipated to witness substantial growth by 2032 favored by strong manufacturing base, technological advancements, and high demand for precision-engineered components across various industries. The presence of major automotive, aerospace, and medical device manufacturers also drives the demand for complex, high-quality MIM parts to meet stringent performance standards.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Base estimates and calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Key manufacturers
- 3.1.2 Distributors
- 3.1.3 Profit margins across the industry
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing product demand from the automotive industry
- 3.2.1.2 Government spending on arms and ammunition
- 3.2.1.3 Consumer electronics sector is rapidly growing
- 3.2.1.4 Substantial production backlogs of commercial aircraft along with increasing air traffic
- 3.2.2 Market challenges
- 3.2.2.1 Volatility in stainless steel price dynamics
- 3.2.3 Market opportunity
- 3.2.3.1 New opportunities
- 3.2.3.2 Growth potential analysis
- 3.2.1 Growth drivers
- 3.3 Raw material landscape
- 3.3.1 Manufacturing trends
- 3.3.2 Technology evolution
- 3.3.2.1 Sustainable manufacturing
- 3.3.2.1.1 Green practices
- 3.3.2.1.2 Decarbonization
- 3.3.2.1 Sustainable manufacturing
- 3.3.3 Sustainability in raw materials
- 3.3.4 Pricing trends (USD/Ton), 2021 - 2032
- 3.3.4.1 North America
- 3.3.4.2 Europe
- 3.3.4.3 Asia Pacific
- 3.3.4.4 Latin America
- 3.3.4.5 Middle East and Africa
- 3.4 Regulations and market impact
- 3.5 Porter's analysis
- 3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Size and Forecast, By Material Type, 2021-2032 (USD Billion, Million Units)
- 5.1 Key trends
- 5.2 Stainless Steel
- 5.3 Low Alloy Steel
- 5.4 Soft Magnetic Materials
- 5.5 Others
Chapter 6 Market Size and Forecast, By End-Use, 2021-2032 (USD Billion, Million Units)
- 6.1 Key trends
- 6.2 Automotive
- 6.3 Consumer goods
- 6.4 Electronics
- 6.5 Medical
- 6.6 Firearms
- 6.7 Aerospace
- 6.8 Others (recreation, industrial, IT etc.)
Chapter 7 Market Size and Forecast, By Region, 2021-2032 (USD Billion, Million Units)
- 7.1 Key trends
- 7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
- 7.3 Europe
- 7.3.1 Germany
- 7.3.2 UK
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
- 7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 Australia
- 7.4.6 Rest of Asia Pacific
- 7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
- 7.5.4 Rest of Latin America
- 7.6 MEA
- 7.6.1 Saudi Arabia
- 7.6.2 UAE
- 7.6.3 South Africa
- 7.6.4 Rest of MEA
Chapter 8 Company Profiles
- 8.1 Smith Metals
- 8.2 Advanced Materials Technologies Pte. Ltd
- 8.3 CMG Technologies
- 8.4 Form Technologies Company
- 8.5 CN Innovations Holdings Ltd.
- 8.6 ARC Group Worldwide, Inc.
- 8.7 Akron Porcelain and Plastics Co.
- 8.8 Kinetics Climax Inc
- 8.9 PSM Industries
- 8.10 Nippon Piston Ring Co Ltd.
