The Metal Injection Molding Global Market Report 2023, provides comprehensive information on the metal Injection molding market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Metal Injection Molding Global Market Report 2023, the global metal injection molding market size is expected to grow from $3.59 billion in 2022 to $3.97 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metal injection molding market size is expected to reach $5.75 billion in 2027 at a CAGR of 9.7%.
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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 is segmented:
2) By Machine Type: Hydraulic, Electric, Hybrid
3) By End-user: Electrical And Electronics, Automotive, Consumer, Industrial, Other End-Users
Asia-Pacific was the largest region in the metal Injection molding market in 2022.
The table of contents in TBRC’s metal Injection molding market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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