Global Metal Injection Molding Parts (MIM Parts) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Metal Injection Molding Parts (MIM Parts) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Metal Injection Molding Parts (MIM Parts) market finds that the global Metal Injection Molding Parts (MIM Parts) market reached a value of USD 2653.88 million in 2022. It’s expected that the market will achieve USD 5098.09 million by 2028, exhibiting a CAGR of 11.49% during the forecast period.

Metal Injection Molding Parts (MIM Parts) Opportunities and Drivers

MIM Parts products can be widely used in various industries such as automobiles, agricultural machinery, mining and metallurgical heavy machinery, construction machinery, machine tools, power generation and electricity, rail transit, ships, water supply and drainage, etc. The continuous vigorous development of the manufacturing industry provides a broad range for the MIM Parts industry. Development platform. With the continuous development of human material needs, many new product types are constantly emerging, and many of these products have to be provided by MIM Parts companies, which has expanded the application range of MIM Parts products to a certain extent, and promoted the development of the industry. Come opportunity.

Metal Injection Molding Parts (MIM Parts) Market Challenges and Restraints

First of all, the limited sources of funding in areas with poor development will restrict the ability to follow-up development. The MIM Parts industry is a capital-intensive industry. In the MIM Parts industry in the developing regions, a large number of enterprises are private enterprises. The main source of funds is the rolling investment of retained earnings of enterprises and indirect bank financing. The financing channels are single and cannot be better. Locally promote the continuous expansion of enterprise scale and improve international competitiveness, and the subsequent development potential of enterprises in the industry is restricted.

Secondly, MIM Parts companies in developing regions lack scale advantages and industrial chain synergy. At present, the market concentration of MIM Parts manufacturing industry in the Asia-Pacific region is relatively low. Most companies have small production capacity. There are relatively few companies with scale advantages in the entire industry. Only a few companies have product scheme design, mold design and manufacturing, and material development The overall capability of multiple links such as preparation and process control. Therefore, it is difficult for the MIM Parts industry as a whole to obtain the synergy effect of the industrial chain in production and R&D, which is not conducive to the improvement of the overall competitiveness of the industry.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Indo-MIM, Form Technologies, Shin Zu Shing with the revenue market share of 4.91%, 4.50% and 4.38% in 2019.

Indo-MIM has grown its facilities into what may be the largest installed MIM capacity in the world. Over 3, 90,000 sq. feet of advanced MIM manufacturing and finishing capability are equipped to manage the entire MIM process from beginning till end. Not only Indo-MIM boasts of an in-house tool room that can produce 45-50 tools per month and design assistance but also Indo-MIM has an integral manufacturing set-up that includes MIM process as well as the in-house secondary (post-MIM) processes for MIM parts.

Form Technologies is pioneering the next generation of precision component manufacturing in die casting, metal injection molding, and investment casting.

Segmentation Overview:

Among different product types, Stainless Steel segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Electronic segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Metal Injection Molding Parts (MIM Parts) market covered in Chapter 3:

Dou Yee Technologies
NetShape Technology
Sintex
ARC Group
AMT
GIAN
Shin Zu Shing
Praxis Powder Technology
Schunk
Form Technologies Company
Indo-MIM
ASH(R) Industries
NIPPON PISTON RING
Future High-tech
Smith Metal Products

In Chapter 4 and Chapter 14.2, on the basis of types, the Metal Injection Molding Parts (MIM Parts) market from 2018 to 2029 is primarily split into:

Stainless Steel
Steel
Magnetic Alloys
Copper
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Metal Injection Molding Parts (MIM Parts) market from 2018 to 2029 covers:

Electronic
Automotive
Industrial Components
Medical & Dental
Firearms
Consumer Products
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)