The worldwide Metal Injection Molding Market was predicted to of a value at USD 2.58 Billion in 2020 and is predicted to reach USD 3.99 Billion by 2025, at a CAGR of 7.74% throughout the foreseen period. The base year taken for the study is 2020, and the foreseen period is from 2020 to 2025.
Metal injection molding (MIM) is one of the developed molding procedures that assists in imparting the desired shape to molten metals. MIM has replaced the traditional molding technology owing to the call for high volume metal parts for automotive and military applications. The already made mixture, usually a binder and metal powder, is added to injection molding machine that injects the feed into the mold to attain a desired shape. In the past years, manufacturing businesses have incorporated MIM owing to less waste of raw materials, cost-effectiveness, and low production time. Metal injection molding technology enhanced cost efficiency in those times, and therefore was being continued as a very great practice to produce desired outputs. Such efficiency also resulted in high volume production of the parts made.
Metal injection molding (MIM) is a procedure of metal working where a metal that is powdered very finely is combined with a binder material to give an output of a "feedstock". This feedstock is then given a shape and solidified with the assistance of injection molding. The molding procedure lets high volume, complicated parts to be taken into shape in only one step. After the molding process, the needed part goes through conditioning operations to get rid of the binders. Finished products made by this procedure majorly are small components employed in several businesses and related applications.
Cobra Golf has introduced its latest KING MIM Wedges, the very latest in golf to feature a total Metal-Injection-Molded (MIM) 304 stainless steel head construction. The MIM procedure represents a major development in wedge manufacturing, delivering the most perfect shape possible for truly exceptional feel and turf interaction in every wedge Cobra makers.
Elnik Systems LLC., a worldwide business dominator in the vacuum sintering furnaces production for Metal Injection Moulding, has introduced a laboratory furnace for MIM part and procedure advancement. The furnace has a useable area of 16 litres and a footprint of 252 cm x 196 cm x 324 cm involving the afterburner.
Metal Injection Molding Market Drivers & Restraints
MIM technology is used in a broad range of segments like aerospace, automotive, telecommunications, optical, medical, and watch businesses. The metal injection molding market has been segmented into distinct applications, out of which, firearms have shown high expansion potential. The escalating call for lightweight & tiny automotive parts is also generating great opportunities for MIM businesses. An increasing call for the healthcare business, rising technological developments, and the increasing call for lightweight & smaller automotive parts are the key driving factors for the market expansion. The increasing call for healthcare business is the key driving factor for the global metal injection molding market development. The ability to manufacture large volumes of accurate components utilizing Metal Injection Molding has seen its employment raise across the medical segment in past years. The Metal injection molding capacity tends to make the features for ongoing unique medical devices. The worldwide metal injection molding market is driven by less cost of raw materials, quick urbanization & industrialization, and a rise in investment in the manufacturing businesses.
Nevertheless, strict government rules hinder the expansion of the market. However, the digitalization of manufacturing components worldwide is estimated to offer new opportunities in the market. An increasing call for miniaturized composite elements which are employed as a high-performance material in many end-use businesses is one of the most major factors that is driving the expansion of metal injection molding market during the estimated period. Furthermore, increasing calls for different medical equipment is also responsible for boosting the demand for metal injection molding. These metal injection moldings are employed in the manufacturing of medical micro-parts to be used in many medical techniques and processes. Some vascular therapies and some other medical processes like intravenous therapy, invasive surgery, and advanced drug delivery need correct devices that are made by utilizing the method of position of the art. Specialized manufacturing methods are needed to give intricate shape to medical equipment. Metal injection molding has the ability to give such shapes that are allowing the expansion of the metal injection molding industry.
Market Size Available
2019 – 2025
2020 - 2025
By Product, Type, Consumption, Distribution Channel and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Indo-MIM (India), Dynacast International (US), ARC Group Worldwide (US), Smith Metal Products (US), Netscape Technologies (US) Husky Injection Molding Systems Ltd., Injectamax International,LLC., Tanfel Metal, D&K ENGINEERING, Reaux Medical Molding
Metal Injection Molding Market Segmentation Analysis as per the research report with evaluated size, trends & forecast until 2025.
Metal Injection Molding Market - By Material
Among these, the stainless steel segment is estimated to be the quickest developing in the foreseen period. The broad applications of stainless steel makes it low cost and easily available.
Metal Injection Molding Market - By End-use
The electrical and electronics segment of the end use businesses is estimated to have the largest CAGR in the outlook period. The call for compact electronics has increased the demand for tiny and complicated metal injection moldings that have high performance and lower prices.
Metal Injection Molding Market - By Region
The Metal Injection Molding Report includes the segmentation of Regions with their respective Countries.
North America Metal Injection Molding Industry includes the US and Canada.
Europe Metal Injection Molding Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
Asia Pacific Metal Injection Molding Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
Latin America Metal Injection Molding Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.
Middle East & Africa Metal Injection Molding Industry includes KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.
Asia-Pacific region is presently leading the metal injection moulding industry. The market for metal injection molding has a great availability in the automotive business where makers of machine and machine components hold a leading portion of the market share. Asia Pacific region has a high demand in terms of availability for the automotive industry and that is the reason why the market for metal injection molding is escalating in this area. The industry for metal injection molding in the North America region is led by the application sectors like healthcare and medical.
Metal Injection Molding Market Key Market Players:
By the end of 2020, 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 and BMI Fours Industriels are the leading shareholders of the Global Metal Injection Molding market. These companies are majorly focused in the research & development of industry-specific injection moldings which are compact and of low making cost.
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
2.2 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
3.1 Executive Summary
3.2 Key Inferences
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 Material Type
5.1.2 Stainless Steel, , and Others
5.1.3 Low Alloy Steel
5.1.4 Soft Magnetic Material
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 End-Use Industry
5.2.2 Electrical & Electronics
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
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Material Type
188.8.131.52 By End-Use Industry
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Material Type
18.104.22.168 By End-Use Industry
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Material Type
188.8.131.52 By End-Use Industry
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
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
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
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
a) List of Tables
b) List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of By Diagnostic Wearable Devices, and Therapeutic Wearable Devices along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy developmentmicro
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Metal Injection Molding Market Market By Region, From 2020-2025 ( USD Billion )
Global Metal Injection Molding Market Market By Material Type, From 2020-2025 ( USD Billion )
Global Stainless Steel Market By Region, From 2020-2025 ( USD Billion )
Global Low Alloy Steel Market By Region, From 2020-2025 ( USD Billion )
Global Soft Magnetic Material Market By Region, From 2020-2025 ( USD Billion )
Global Others Market By Region, From 2020-2025 ( USD Billion )
Global Metal Injection Molding Market Market By End-Use Industry, From 2020-2025 ( USD Billion )
Global Electrical & Electronics Market By Region, From 2020-2025 ( USD Billion )
Global Automotive Market By Region, From 2020-2025 ( USD Billion )
Global Consumer Market By Region, From 2020-2025 ( USD Billion )
Global Industrial Market By Region, From 2020-2025 ( USD Billion )
Global Medical & Orthodontics Market By Region, From 2020-2025 ( USD Billion )
Global Firearms & Defense Market By Region, From 2020-2025 ( USD Billion )