Global Metal Injection Molding (MIM) Market
The Global Metal Injection Molding (MIM) market is expected to reach USD 8.24 billion by 2031 from USD 4.28 billion in 2023, growing with a substantial CAGR of 8.60% in the forecast period of 2024 to 2031.
Market Segmentation:
Material (Ferrous Alloys, Tungsten Alloys, Hard Metals, Special Material, Others), Industry (Consumer Products, Electronics, Automotive, Medical and Dental, Defense and Firearms, Industrial, Aerospace, Power Tools, Sporting Goods, Others), Countries (U.S., Canada, Mexico, China, Japan, India, South Korea, Taiwan, Singapore, Vietnam, Myanmar, Cambodia, Laos, Brunei, Australia & New Zealand, Thailand, Indonesia, Malaysia, Philippines, Hong Kong, Bangladesh, Nepal, Bhutan, Rest of Asia-Pacific, Germany, U.K., Italy, France, Spain, Switzerland, Russia, Turkey, Belgium, Netherlands, Rest of Europe, Brazil, Argentina, Rest of South America, South Africa, U.A.E., Saudi Arabia, Egypt, Israel, Rest of Middle East and Africa)-Industry Trends and Forecast to 2031
Some of the major factors contributing to the growth of the Global Metal Injection Molding (MIM) market:
Driver
• Increasing demand for precision components in medical applications
Restraint
• High initial setup and tooling costs for MIM
Opportunity
• Advancements in MIM technologies
Market Players:
The key players operating in the Global Metal Injection Molding (MIM) market are:
• Molex
• Proterial, Ltd.
• GKN Powder Metallurgy
• Seiko Epson Corporation
• SZS Co., Ltd.
• Jiangsu Gian MIM Parts
• Schunk Mobility
• INDO-MIM
• Reich MIM GmbH
• Shenzhen Pacific Union Precision Manufacturing Company Ltd.
• ARC Group Worldwide
• CHENMING ELECTRONIC TECH. CORP.
• PSM Industries
• Alpha Precision Group
• MPP
• Optimim
• Parmaco Metal Injection Molding AG
• Shanghai Future Group.
• Dou Yee Technologies Pte Ltd.
• Advanced Powder Products, Inc.
• Rockleigh Industries
• 3ERP
• VDR Metals Inc.
• ABIS MOLD Technology Co.,Ltd
• Smith Metal Products
• ASH INDUSTRIES
• Shilpan Steelcast Pvt. Ltd.
• AMT Pte Ltd
• REDSTONE MANUFACTURING
• Taiwan Kodai Co., Ltd.
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