Global Industry Analysts Predicts the World Metal Injection Molding Market to Reach $4.3 Billion by 2026
SAN FRANCISCO , June 28, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Metal Injection Molding – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 9; Released: January 2022
Executive Pool: 453
Companies: 13 – Players covered include Amphenol Corporation; ARC Group Worldwide, Inc.; CMG Technologies; CN Innovations Holdings Ltd.; Dean Group International Ltd.; Dou Yee Technologies Pte., Ltd.; Dynacast International, Inc.; Ernst Reiner GmbH & Co. KG; Indo-MIM Pvt., Ltd.; Jiangsu Gian Mim Parts; NetShape Technologies, Inc.; Parmaco Metal Injection Molding AG; Parmatech Corporation; Phillips-Medisize Corporation; Rockleigh Industries Inc.; ShangHai Future High-Tech Co., Ltd.; Sintex A/S; Smith Metal Products; Taiwan Powder Technologies Co.Ltd.; Tanfel and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Electrical & Electronics, Automotive, Consumer Products, Industrial, Firearms & Defense, Other End-Uses); Material Type (Stainless Steel, Low Alloy Steel, Soft Magnetic Material, Other Material Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Metal Injection Molding Market to Reach $4.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Metal Injection Molding estimated at US$2.9 Billion, is projected to reach a revised size of US$4.3 Billion by 2026, growing at a CAGR of 6.6% over the analysis period. Stainless Steel, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$2.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Low Alloy Steel segment is readjusted to a revised 6.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $847.5 Million in 2021, While China is Forecast to Reach $918.6 Million
The Metal Injection Molding market in the U.S. is estimated at US$847.5 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$918.6 Million by the year 2026 trailing a CAGR of 10.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Soft Magnetic Material Segment to Reach US$885.5 Million by the year 2026
In the global Soft Magnetic Material segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$458.7 Million will reach a projected size of US$678.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Global Industry Analysts, Inc.
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