Europe Metal Injection Molding (MIM) Market – Industry Trends and Forecast to 2029

Europe Metal Injection Molding (MIM) Market Analysis and Size

The metal injection moulding (MIM) process provides a manufacturing capability for producing complex sizes and shapes of metal products in large quantities and in less time, and it is primarily used in automobiles and consumer electronics. In recent years, the increased use of metal injection moulding (MIM) by end-users for a variety of applications has accelerated market growth. These growth drivers will help the global metal injection moulding (MIM) market grow rapidly over the forecasted period.

Data Bridge Market Research analyses that the metal injection molding (MIM) market was valued at USD 885.3 million in 2021 and is expected to reach USD 2207.68 million by 2029, registering a CAGR of 12.1% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Metal Injection Molding (MIM) Market Scope and Segmentation

Market Definition

Metal injection moulding (MIM) is a technique for producing metal products using injection technology. Metal injection moulding (MIM) combines the design versatility of injection moulding with the strength and integrity of wrought metals to offer cost-effective solutions for highly complex part geometries. The process included several steps, including feedstock preparation, injection moulding, binder removal, and sintering, which also included several steps. Several materials are used in powder form with binders to provide high strength to the metal products and increase their usage in handling heavy loads in the industry.

Metal Injection Molding (MIM) Market Dynamics

Drivers

• Increase the demand in healthcare and medical industry

The healthcare and medical industry have robust demand for metal injection molding (MIM) injection for the technology. This technology is used to improve medical equipment such as implants, tubes, sensors, catheter tips, and micro-optics. Furthermore, the increasing demand for miniature constituents in manufacturing medical micro parts across the healthcare industry is again expected to drive the demand for micro injection molding.

• Rise the demand in firearms industry

Increase the demand in the firearms industry is raising the market growth of the metal injection molding (MIM). This technology has important role in evolving advanced defence equipment that is heavyweight and complex-shaped. Metal injection molding is extensively adopted across the firearms industry to manufacture different types of firearms required in the defence industry. Thus, the firearms industry's development is anticipated to drive the market growth. 

• Increase in demand due to provide design flexibility

These materials manufacture numerous end components, including stainless steel, soft magnetic alloys, titanium alloys, and low-alloy steels. The main applications include electronic gadgets, firearms, medical equipment, and automotive components. These technologies offer design flexibility for multiple applications across many industries.

Opportunities

• Rise in demand due to increase applications

Increasing applications of the powder injection molding is expected to deliver huge opportunities in the market. This technology is rapidly gaining demand from evolving applications such as alternative energy industries electrical and electromagnetic. Furthermore, growing use of powder injection molding technology in manufacturing many structures that can be molded in stators or armatures is further expected to drive the market growth of the metal injection molding (MIM).

Restraints/ Challenges

• High cost of raw materials

The high cost of raw materials used in the technology is hampering the adoption of metal injection molding (MIM), which increases the overall cost of the metal injection molded products. Restriction on manufacturing three-dimensional products is anticipated to obstruct market growth. The challenges related to the molded parts' weight and size are hampering the market growth. These factors are projected to hamper the market growth over the forecast period.

This metal injection molding (MIM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the metal injection molding (MIM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Metal Injection Molding (MIM) Market

The ongoing COVID-19 crisis are surging the business activities in the metal injection molding (MIM) market in a staggered manner. Members in the market are implementing on contingency planning to overcome supply and volatile demand for products. Market shareholders are concentrating on limited or positive negative impact industries such as consumer products, healthcare, and industrial machinery to keep economies running. Companies are taking data-driven decisions to unlock revenue opportunities in new end-use cases amid for the metal injection molding (MIM) market during pandemic. They are adapting to new industrial practices and guidelines which has issued by healthcare organizations to ensure business continuity and maintain the well-being of laborers and workers. Stakeholders are establishing a balanced relationship with ecosystem partners and suppliers to ensure stable income sources.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Europe Metal Injection Molding (MIM) Market Scope

The metal injection molding (MIM) market is segmented on the basis of material and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Stainless Steel
• Low Alloy Steel
• Carbon Steel
• Soft Magnetic Alloy
• Cobalt Alloy
• Tool Steel
• Tungsten Steel
• Titanium
• Controlled Expansion Alloys
• High-Temperature Alloys
• Carbonyl Iron Powder
• Others

Application

• Aerospace
• Automotive
• Defense and Firearms
• Electronics
• Power Tools
• Industrial
• Sporting Goods
• Medical and Dental
• Oil Exploration
• I.T.
• Consumer Goods
• Others

Metal Injection Molding (MIM) Market Regional Analysis/Insights

The metal injection molding (MIM) market is analyzed and market size insights and trends are provided by country, material and application as referenced above.

The countries covered in the metal injection molding (MIM) market report are Germany, U.K, Italy, France, Spain, Russia, Belgium, Switzerland, Netherlands, Turkey and Rest of Europe.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Metal Injection Molding (MIM) Market Share Analysis

The metal injection molding (MIM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to metal injection molding (MIM) market.

Some of the major players operating in the metal injection molding (MIM) market are:

• Indo-MIM (India)
• Dynacast (U.S.)
• ARC Group (U.S.)
• Phillips-Medisize - a Molex Company (U.S.)
• Rockleigh Industries (U.S.)
• Smiths Metal Centres Limited (U.S.)
• Dean Group (U.S.)
• GKN Sinter Metals Engineering GmbH (Germany)
• PSM industries (U.S)
• Sintex A/S (Denmark)
• CMG Technologies (U.K.)
• Future Hi-Tech Batteries (China)
• ATW Companies (U.S.)
• Hitachi Metals, Ltd (Japan)
• Parmaco Metal Injection Molding AG (Switzerland)

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