Europe Metal Injection Molding (MIM) Market, By 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 and Others), Industry (Automotive, Aerospace, Defense and Firearms, Electronics, Power Tools, Industrial, Sporting Goods, Medical and Dental, Oil Exploration, IT, Consumer Goods and Others), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest Of Europe) Industry Trends and Forecast to 2027
Market Analysis and Insights: Europe Metal Injection Molding (MIM) Market
Europe metal injection molding (MIM) market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of11.6% in the forecast period of 2020 to 2027 and expected to reach USD 1,757,760.30 thousands by 2027.
Metal injection molding (MIM) is a process of producing the metal products with the injection technology. The method of metal injection molding (MIM) combines injection molding's design versatility with the strength and integrity of wrought metals to provide cost-effective solutions for highly complex geometries of parts. The process involved several steps such as preparing the feedstock, injection molding, binder removal and sintering which further involves several steps. In the process, several materials are being used in the powder form with the binders which provide the high strength to the metal products and increase the usage of the metal products in handling of heavy load in the industry.
Metal injection molding (MIM) process helps in the production of the metal products of different shapes and size with high-quality surface finishing. Several metals raw material is being used in the metal injection molding (MIM) process and finishing is also provided to the metal products in the last stages of the metal injection molding (MIM) in which waste material is removed from the surface and waste binders are also removed which gives the shining layer on the metal products which are produced from the metal injection molding (MIM) process
Metal injection molding (MIM) market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Metal Injection Molding (MIM) Market Scope and Market Size
Europe metal injection molding (MIM) market is segmented of the categorized into material and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material, the metal injection molding (MIM) market is segmented into 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 and others. In 2020, the demand of the stainless steel is increasing as the material can easily be molded according to the shape and also the coating of the stainless steel material is easy which makes stainless steel material dominating in the region.
- On the basis of industry, the metal injection molding (MIM) market is segmented into automotive, aerospace, defense and firearms, electronics, power tools, industrial, sporting goods, medical and dental, oil exploration, IT, consumer goods and others. In 2020, automotive industry is dominating in the metal injection molding (MIM) market due to the production of the luxury cars with high quality metal products which increases the demand of the metal injection molding (MIM) products in the region.
Metal injection molding (MIM) Market Country Level Analysis
Europe market is analysed and market size information is provided by country, material and industry as referenced above.
The countries covered in Europe Metal injection molding (MIM) market report are Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe.
Germany is dominating in the Europe metal injection molding (MIM) market due to more production of high class automotive in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Metal Injection Molding (MIM) Industry
Europe metal injection molding (MIM) market also provides you with detailed market analysis for every country growth in installed base of different kind of products for metal injection molding (MIM) market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the metal injection molding (MIM) market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Metal Injection Molding (MIM) Market Share Analysis
Europe 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, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe metal injection molding (MIM) market.
The major players covered in the report are Molex, LLC , Schunk Sintermetalltechnik GmbH, MPP, Sandvik AB, TEKNA. (as a subsidiary of Arendals Fossekompani ASA), GKN Sinter Metals Engineering GmbH, Advanced Powder Products, Inc, Alpha Precision Group, LLC., CMG Technologies, Hitachi Metals, Ltd., Smith Metal Products, Parmaco Metal Injection Molding AG, INDO-MIM, ARC Group Worldwide, Inc, among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In May 2019, CMG Technologies partnered with a major industrial product manufacturer in U.K. to increase the production of metal products through MIM. This development helps the company to increase the revenue.
Customization Available: Europe Metal Injection Molding (MIM) Market
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