The Powder Metallurgy Parts Global Market Report 2023, provides comprehensive information on the powder metallurgy parts 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 Powder Metallurgy Parts Global Market Report 2023, the market size is expected to grow from $23.17 billion in 2022 to $24.82 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. 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 powder metallurgy parts market size is expected to reach $31.62 billion in 2027 at a CAGR of 6.2%.
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Product innovations are a key trend gaining popularity in the powder metallurgy parts market. Major companies operating in the powder metallurgy parts market are focused on developing new technological solutions to strengthen their position. For instance, in November 2020, Desktop Metal, a US-based technology company launched Live SinterTM, a software solution (MIM) to generate high-accuracy components using sinter-based metal powder manufacturing procedures such as binder jet additive printing and metal injection molding. This software allows for the creation of shapes that would be extremely difficult to sinter without it while also compensating for the shrinkage and deformation that parts generally encounter during the sintering process. It is anticipated that by increasing the form and dimensional tolerances of sintered parts, first-time component success for complex geometries will increase and the cost and time of post-processing will be reduced.
The powder metallurgy parts market is segmented:
1) By Product: Ferrous Metals, Non-Ferrous Metals
2) By Fabrication Method: Pressure-Based, Sinter-Based, Hybrid
3) By Application: Industrial, Automotive, Healthcare, Electrical And Electronics, Other Applications
North America was the largest region in the powder metallurgy parts market in 2022.
The table of contents in TBRC’s powder metallurgy parts market report includes:
- Executive Summary
- Powder Metallurgy Parts Market Characteristics
- Powder Metallurgy Parts Market Trends And Strategies
- Powder Metallurgy Parts Market – Macro Economic Scenario
- Powder Metallurgy Parts Market Size And Growth
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- Africa Powder Metallurgy Parts Market
- Powder Metallurgy Parts Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Powder Metallurgy Parts Market
- Powder Metallurgy Parts Market Future Outlook and Potential Analysis
- Appendix
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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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