Metal injection molding market has been segmented on the basis of material type, end-use industry, and region. On basis of material type, the market has been segmented into stainless steel, low alloy steel, soft magnetic material, and others (tungsten, tool steel, titanium). Stainless steel segment is estimated to be fastest-growing material type segment of metal injection molding market on account of the wide application of stainless steel in various end-use industries.
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The metal injection molding market is projected to grow from 2.58 Billion in 2017 to USD 3.77 Billion by 2022, at a CAGR of 7.83% from 2017 to 2022. The growth of this market can be attributed to the increasing demand for small and complex metal injection molded parts from end-use industries, such as electrical & electronics, automotive, medical & orthodontics, industrial, consumer products, and firearms & defense.
- Metal Injection Molding Manufacturers
- Metal Injection Molding Distributors
- Metal Injection Molding Suppliers
- Government and Research Organizations
- Raw Material Suppliers
- Associations and Industry Bodies
Metal injection molding market is segmented into electrical & electronics, automotive, industrial, consumer products, medical & orthodontics, and firearms & defense.
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Electrical & electronics segment is projected to grow at highest CAGR between 2017 and 2022. This projected high growth is due to rising demand for miniaturization of electronic devices, which has resulted in increasing demand for small and complex metal injection molded parts with better performance at a relatively lower cost.
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Metal injection molding market has been segmented into North America, Europe, Asia Pacific, South America, & Middle East &Africa. Asia Pacific is projected to lead metal injection molding market during forecast period owing to the increasing demand for small and complex metal injection molded parts from wide range of end-use industries in this region, including automotive, electrical & electronics, medical & orthodontics, industrial, and firearms & defense.
Key companies supplying metal injection molding are:
- Indo-MIM (India)
- Dyna cast International (US)
- ARC Group Worldwide (US)
- Phillips-Medi size (US)
- Smith Metal Products (US)
- Net Shape Technologies (US)
- Dean Group International (US)
- Sintex (Denmark)
- CMG Technologies (UK)
- Future High-Tech (China)
- Parmatech Corporation (US)
- Parmaco Metal Injection Molding (Switzerland)
Report segments the metal injection molding market on the basis of material type, end-use industry, and region, and provides estimations for the overall value of the market and its subsegments across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key growth strategies, and recent developments.
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The growing automotive industry in APAC and rising demand for miniaturization of consumer electronics are increasing the demand for small and complex metal injection molded parts. However, a major factor restraining the growth of the metal injection molding market is the high cost of the metal injection molding process for small production capacities.
Primary interviews were conducted with a number of industry experts to collect information related to the metal injection molding market. The breakdown of primary interviews is depicted below:
- By Company Type: Tier 1 - 31%, Tier 2 - 46%, and Tier 3 - 23%
- By Designation: C Level - 46%, Director Level - 27%, and Others - 27%
- By Region: North America – 24%, Europe - 29%, Asia Pacific - 24%, South America – 14%, and Middle East& Africa- 9%
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