Image

North America Metal Injection Molding (MIM) Market – Industry Trends and Forecast to 2030

Chemical and Materials

Image

North America Metal Injection Molding (MIM) Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Metal Injection Molding (MIM) Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 893,494.89 USD Thousand
Diagram Market Size (Forecast Year) USD 2,165,296.92 USD Thousand
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

North America Metal Injection Molding (MIM) Market, By Type (Carbonyl Method, High-Pressure Gas Atomization, Ultra-High Pressure Water Atomization), Material (Stainless Steel, Low Alloy Steel, Carbon Steel, Magnetic Alloys, Soft Magnetic Alloy, Cobalt Alloy, Zirconia, Alumina, Tool Steel, Tungsten Steel, Titanium, Controlled Expansion Alloys, Hard Metals, High-Temperature Alloys, Iron, Nickle, Chromium,  Molybdenum, Carbonyl Iron Powder and Others), Industry (Automotive, Aerospace, Defense and Firearms, Electrical and Electronics, Power Tools, Industrial, Sporting Goods, Medical and Dental, Oil Exploration, IT, Industrial, Consumer Goods and Others) - Industry Trends and Forecast to 2023 to 2030.

North America Metal Injection Molding (MIM) Market

North America Metal Injection Molding (MIM) Market Analysis and Size

The essential factors contributing to the growth of the metal injection molding (MIM) market in the forecast period of 2023 to 2030 include rising demand across numerous industries, widely in automotive, electrical, and electronics. The mounting demand in the healthcare industry, growing technological advancements, and increasing demand for lightweight & smaller automotive parts are contributing to the market’s growth. Along with this, the capability to produce great volumes of precision components by the use of MIM is driving the market’s growth.

Data Bridge Market Research analyses that the metal injection molding (MIM) market which was USD 8,93,494.89 thousand in 2022, is expected to reach USD 21,65,296.92 thousand by 2030, growing at a CAGR of 11.7% during the forecast period of 2023 to 2030. 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. 799905.9

North America Metal Injection Molding (MIM) Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

Type (Carbonyl Method, High-Pressure Gas Atomization, Ultra-High Pressure Water Atomization), Material (Stainless Steel, Low Alloy Steel, Carbon Steel, Magnetic Alloys, Soft Magnetic Alloy, Cobalt Alloy, Zirconia, Alumina, Tool Steel, Tungsten Steel, Titanium, Controlled Expansion Alloys, Hard Metals, High-Temperature Alloys, Iron, Nickle, Chromium,  Molybdenum, Carbonyl Iron Powder and Others), Industry (Automotive, Aerospace, Defense and Firearms, Electrical and Electronics, Power Tools, Industrial, Sporting Goods, Medical and Dental, Oil Exploration, IT, Industrial, Consumer Goods and Others)

Countries Covered

U.S., Canada and Mexico in North America

Market Players Covered

ASH Industries (U.S.), Rockleigh Industries. (U.S.), Molex (U.S.), Schunk Group (Germany), Sandvik AB (Sweden), TEKNA. (Canada), PSM Industries (U.S.), GKN Powder Metallurgy (U.S.), Advanced Powder Products, Inc. (U.S.), Alpha Precision Group (U.S.), CMG Technologies (U.K.), Epson Atmix Corporation (Japan), Hitachi, Ltd. (Japan), Smith Metal Products. (U.S.), Parmaco Metal Injection Molding AG (Switzerland), INDO-MIM (India), Optimim. (U.S.), ARC Group Worldwide (U.S.), Dou Yee Technologies. (Singapore), Husky Technologies. (Canada)

Market Opportunities

  • High demand from the automotive industry
  • Growing use in firearms

Market Definition

Metal injection molding (MIM) refers to the process in which metal products are produced with metal injection molding technology. In the method of metal injection molding (MIM) the injection molding’s design is combined with the strength and integrity of wrought metals for providing cost-effective resolutions for extremely complex geometries of parts. The process of metal injection molding involves various steps such as preparing the feedstock, injection molding, binder removal, and others.

North America Metal Injection Molding (MIM) Market Dynamics

Drivers

  • Technical advancements and enhanced designs

The metal injection molding procedure allows for attaining the highest precision in the finished product irrespective of the complexity of its design owing to various technological advancements and enhanced designs. It also allows the production of components with accurate tolerances. In comparison to traditional metalworking technologies, metal molding injection design is flexible due to which number of consumers are opting for it which drives the market’s growth.

  • Consumes less time and is cost efficient

Metal injection molding (MIM) technique consumes very less time and is a cost-efficient metalworking procedure in comparison to traditional manufacturing methods. Metal injection molding reduces the product development cycle and further, there is no requirement for expensive multistage machining operations, due to which most of the consumers are preferring it. Therefore, less time taken for functioning and cost efficiency are driving the market’s growth.

Opportunities

  • High demand from the automotive industry

There is a huge demand for metal injection molding in the automotive manufacturing industry. The mounting demand for electric vehicles (EVs) is further leading to the increased demand for automotive components. There is a requirement for high-quality components in the automotive industry with high precision levels to maintain and meet regulatory and safety standards, therefore, metal injection molding is widely used. Metal injection molding is used in engines, gearboxes, turbochargers, and others which boosts the market’s growth.

  • Growing use of firearms

Metal injection molding (MIM) is widely used in the firearms sector. Metal injection molding is used for developing advanced defense equipment which is complex-shaped and heavyweight. Along with this metal injection molding is extensively accepted in the firearms industry for the manufacturing of diverse firearms which are required in the defense industry. It is further used for blocking the trigger from firing and shields the hammer from impacting which boots the market’s growth.

Restraints/Challenges

  • Expensive for small production units

The cost of metal injection molding is not reasonable for small-scale projects as the prices are unaffordable. The feedstock such as metal powders and thermoplastic binders are more expensive than feedstock needed for other metallurgical processes such as conventional powder metallurgy. Along with this metal injection molding comprises comparatively high tooling cost that makes this technology not suitable for small production unit which is a major challenge hindering the market’s growth.

  • Fluctuations in raw materials

The fluctuation in the price of raw materials used for metal injection molding is a major concern. The materials used in metal injection molding are stainless steel, low alloy steel, carbon steel, magnetic alloys, soft magnetic alloy, cobalt alloy, zirconia, and alumina. The prices of all these materials changes according to the extraction, availability, and demand which can most of the time lead to high prices. This further leads to the high price of metal injection molding. Therefore fluctuations in raw materials are a major challenge hindering the market’s growth. 

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.

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.

Recent Developments

  • In 2021, Metal Powder Products, LLC announced that it had completed acquisition of Proform Powdered Metals, Inc., headquartered in the U.S. It is among one of major manufacturers of high-quality sintered bronze bearings, bushings, and spacers.
  • In 2021, Argon Medical Devices, Inc. announced acquisition of Matrex Mold and Tool Inc., which is a manufacturer of high-quality precision injection molded products, headquartered in the U.S.

North America Metal Injection Molding (MIM) Market Scope

The metal injection molding (MIM) market is segmented on the basis of type, material and industry. The growth amongst these segments will help you analyse 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.

Type

  • Carbonyl Method
  • High-Pressure Gas Atomization
  • Ultra-High Pressure Water Atomization

Material

  • Stainless Steel
  • Low Alloy Steel
  • Carbon Steel
  • Magnetic Alloys
  • Soft Magnetic Alloy
  • Cobalt Alloy
  • Zirconia
  • Alumina
  • Controlled Expansion Alloys
  • Hard Metals
  • High-Temperature Alloys
  • Iron
  • Nickle
  • Chromium
  • Molybdenum
  • Carbonyl Iron Powder
  • Others
  • Tool Steel
  • Titanium
  • Tungsten

Industry

  • Automotive
  • Electrical Systems
  • Fuel System
  • Interiors
  • Powertrain
  • Safety System
  • Others
  • Aerospace
  • Fasteners
  • Screws
  • Seatbelt Components
  • Bushings
  • Rotors
  • Others
  • Defense and Firearms
  • Fire Suppression
  • Cam Block
  • Sensor Housings
  • Others
  • Electrical and Electronics
  • Fiber Optic Connectors
  • Filter Components
  • Heat Sinks
  • Micro-Switches
  • Connectors
  • Others
  • Power Tools
  • Industrial
  • Sporting Goods
  • Medical and Dental
  • Surgical Instruments
  • Orthopaedic
  • Implants
  • Others
  • Oil Exploration
  • IT
  • Consumer Goods
  • Others

North America Metal Injection Molding (MIM) Market Regional Analysis/Insights

The metal injection molding (MIM) market is analysed and market size insights and trends are provided by type, material and industry as referenced above.

The countries covered in the metal injection molding (MIM) market report are U.S., Canada and Mexico in North America.

U.S. dominates the metal injection molding market in North America metal injection molding (MIM) market due to more demand for metal products, surging demand for firearms, and the increasing demand in the automotive sector are contributing to the market’s growth 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 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 global 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 North America 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, global 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:

  • ASH Industries (U.S.)
  • Rockleigh Industries. (U.S.)
  • Molex (U.S.)
  • Schunk Group (Germany)
  • Sandvik AB (Sweden)
  • TEKNA. (Canada)
  • PSM Industries (U.S.)
  • GKN Powder Metallurgy (U.S.)
  • Advanced Powder Products, Inc. (U.S.)
  • Alpha Precision Group (U.S.)
  • CMG Technologies (U.K.)
  • Epson Atmix Corporation (Japan)
  • Hitachi, Ltd. (Japan)
  • Smith Metal Products. (U.S.)
  • Parmaco Metal Injection Molding AG (Switzerland)
  • INDO-MIM (India)
  • Optimim. (U.S.)
  • ARC Group Worldwide (U.S.)
  • Dou Yee Technologies. (Singapore)
  • Husky Technologies. (Canada)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The North America Metal Injection Molding (MIM) Market is projected to grow at a CAGR of 11.7% during the forecast period by 2030.
The future market value of the North America Metal Injection Molding (MIM) Market is expected to reach USD 21,65,296.92 thousand by 2030.
The major players in the North America Metal Injection Molding (MIM) Market are ASH Industries (U.S.), Rockleigh Industries. (U.S.), Molex (U.S.), Schunk Group (Germany), Sandvik AB (Sweden), TEKNA. (Canada), PSM Industries (U.S.), GKN Powder Metallurgy (U.S.), etc.
The countries covered in the North America Metal Injection Molding (MIM) Market are U.S., Canada and Mexico in North America.
Free Sample Report

CHOOSE LICENCE TYPE

  • 4200.00
  • 3500.00
  • 2000.00
  • 5500.00
  • 7500.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials