Metal injection molding market is anticipated to grow at a CAGR of 7.9% during the forecast period. The global metal injection molding market is being fueled by the exponential growth of the automotive industry, particularly in emerging economies such as India and China. Furthermore, the rapid growth of the market is also attributed due to rising demand of metal injection molding from numerous end-use industries such as automotive & aerospace, consumer goods, and medical devices. Metal parts constructed from MIM technology are employed across industries owing to faster processing time, removal of secondary operations, and better tolerance levels of final products. Technological advancements, and innovation, along with the rising demand for miniature metal parts for the plastic industry are some other factors accelerating the expansion of the metal injection molding market. For instance, in October 2022, Nicolet Plastics is going to install a Mantle production system in 2023. The new 3D metal printing has the potential to simplify toolmaking and accelerate lead times, and eliminates machining and EDM operations by printing parts with the accuracy (+/- 0.001? per inch) and fine features needed for tooling.
Segmental Outlook
The global metal injection molding market is segmented based on the material type, and end-user industry. Based on the type, the market is sub-divided into soft magnetic material, low alloy steel, and stainless steel. Based on the end-user industry, the market is sub-segmentedinto firearms and defense, industrial, consumer products, automotive, medical sector, and electric and electronics.Based on material type, the stainless steel sub-segment is expectedto be the fastest-growing segment inthe market due toits wide application in various end-use industries.It is easily available ata relatively lower price as compared to other material types. However, the demand for low alloy steel is also expected to rise significantly in the coming years, owing to its growing utilization in manufacturing parts for cars, pumps and valves, heavy trucks, construction and mining equipment, and power generation equipment.
Among the end user, the medical sector segment is expected to grow at a favorable CAGR rate during the forecast period. The growth is mainly augmented owing to the emerging application of precision parts and miniaturization from the medical sector. Orthodontics in this sector is one of the leading application areas for injection molding. This area requires extremely small precision parts and objects having complex shapes. The injection molding is widely used in applications such as orthopedic plates, screws, brackets, device components, and implant parts, among others. Moreover, the rising demand and awareness regarding the usage of lightweight surgical instrument parts and devices resulted in a rise in investments in the healthcare sector. These parts and instruments are extensively produced fromvarious biocompatible metals including, stainless steel, magnetic materials, case-hardened and tempered steel, tungsten, tool steel, and titanium alloys.
Regional Outlooks
The global metal injection moldingmarket is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).The market can be analyzed for a particular region or country level as per the requirement. Among all the regions, the Asia-Pacific regional market is expected to cater a highest growth over the forecast period. However, the North American region is projected to experience considerable growth in the global metal injection molding market.
Global Metal Injection Molding Market Growth, by Region 2022-2028
The Asia-Pacific Region is Anticipated to Grow at a Considerable CAGR During the Forecast Period
The Asia-Pacific is anticipated to register significant revenue growth over the forecast period. The growth is mainly attributed due to the rising automotive, aerospace, and electrical and electronics sectors in emerging economies including India and China. Several majorplayers serving theseindustries have their production facilities in this region, since production cost is lower compared to other regions. China is one the leading manufacturers of electronics components and devices, which is expected to rise thedemand for injection molding in this region. China's electronics manufacturing industry maintained steady expansion during the first two months of 2022, according to a report by the China Academy of Information and Communications Technology (ICT), and the export value of Chinese electronics products increased to 11.4% in 2022.
Market Players Outlook
The major companies serving the global metal injection moldingmarket includeARC Group Worldwide, CMG Technologies, Dean Group International Ltd., Fours Industriels BMI SAS,and others.The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2020, COBRA Golf, unveiled its new KING MIM Black Wedges, a fully Metal-Injection-Molded (MIM) 304 stainless steel head construction that is offered in a glare-reducing QPQ (Quench Polish Quench) black finish.The MIM process represents a significant advancement in wedge manufacturing, delivering the most precise shape possible for truly exceptional feel and turf interaction in every wedge COBRA manufactures. The new KING MIM Black Wedges are constructed with 3 Tour-Inspired Grinds, Precision CNC Milled Face & Grooves, Durable Black Qpq Finish, and Progressive Spin Technology.
The Report Covers
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segmentation
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendation
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Development
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Metal Injection MoldingMarket byMaterial Type
4.1.1. Soft Magnetic Material
4.1.2. Low Alloy Steel
4.1.3. Stainless Steel
4.2. Global Metal Injection MoldingMarket by End-Use Industry
4.2.1. Firearms and Defense
4.2.2. Industrial
4.2.3. Consumer Products
4.2.4. Automotive
4.2.5. Medical sector
4.2.6. Electric and Electronics
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ARC Group Worldwide
6.2. CMG Technologies
6.3. Dean Group International Ltd.
6.4. Fours Industriels BMI SAS
6.5. Husky Technologies
6.6. Indo-MIM
6.7. Metal Powder Products Inc.
6.8. Molex
6.9. NDT.org
6.10. Optimim
6.11. Parmaco Metal Injection Molding AG
6.12. Reaux Medical Molding.
6.13. Shanghai Future Group
6.14. Sintex A/S
6.15. Smith Metal Products
6.16. Tanfel Inc.
1. GLOBAL METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
2. GLOBAL SOFT MAGNETIC METAL INJECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LOW ALLOY STEEL METAL INJECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL STAINLESS STEEL METAL INJECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY END USE INDUSTRY, 2021-2028 ($ MILLION)
6. GLOBAL METAL INJECTION MOLDINGFOR FIREARMS AND DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBALMETAL INJECTION MOLDING FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBALMETAL INJECTION MOLDINGFOR CONSUMER PRODUCTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBALMETAL INJECTION MOLDINGFOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL METAL INJECTION MOLDINGFOR MEDICAL SECTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL METAL INJECTION MOLDINGFOR ELECTRIC AND ELECTRONICSMARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. NORTH AMERICAN METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY END USE INDUSTRY, 2021-2028 ($ MILLION)
16. EUROPEAN METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
17. EUROPEAN METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BYMATERIALTYPE, 2021-2028 ($ MILLION)
18. EUROPEAN METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BYEND USE INDUSTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BYMATERIALTYPE, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BYEND USE INDUSTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. REST OF THE WORLD METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY MATERIAL TYPE, 2021-2028 ($ MILLION)
24. REST OF THE WORLD METAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BYEND USE INDUSTRY, 2021-2028 ($ MILLION)
1. GLOBAL METAL INJECTION MOLDING MARKET SHARE BY MATERIAL TYPE, 2021 VS 2028 (%)
2. GLOBAL SOFT MAGNETIC METAL INJECTION MOLDINGMARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL LOW ALLOY STEEL METAL INJECTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL STAINLESS STEEL METAL INJECTION MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL METAL INJECTION MOLDING MARKET SHARE BY END USE INDUSTRY, 2021 VS 2028 (%)
6. GLOBAL METAL INJECTION MOLDING FOR FIREARMS AND DEFENSE MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL METAL INJECTION MOLDING FOR INDUSTRIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL METAL INJECTION MOLDING FOR CONSUMER PRODUCTS MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL METAL INJECTION MOLDING FOR AUTOMOTIVE MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL METAL INJECTION MOLDING FOR MEDICAL SECTOR MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL METAL INJECTION MOLDING FOR ELECTRIC AND ELECTRONICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL METAL INJECTION MOLDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. US METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
15. UK METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD METAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)