888-776-0942 from 8 AM - 10 PM ET
NEW YORK , March 10, 2022 /PRNewswire/ -- "Powder Injection Molding Market by End-user and Geography - Forecast and Analysis 2022-2026", will witness growth of USD 1.27 billion from 2021 to 2026, at an accelerating CAGR of 6.53%. The report is segmented by end-user (consumer products, medical and orthodontic, automotive, and aerospace and defense) and geography (APAC, Europe , North America , South America , and Middle East and Africa ).
For more insights on market size, Y-O-Y growth rate, and CAGR, Download our FREE Sample Report
The powder injection molding market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market. The report also offers information on several market vendors, including AMT Pte. Ltd., ARBURG GmbH Co KG, ARC Group Worldwide Inc., ASH Industries, ATW Companies, Chung Nam Group of Companies, CMG Technologies Ltd., Epson Atmix Corp., Form Technologies, GKN Sinter Metals Engineering GmbH, Indo US MIM Tec Pvt. Ltd., Koch Industries Inc., Metal Powder Products Inc., Plastic Product Co. Inc., PSM Industries Inc., RHP Technology GmbH, Sintex AS, The Dynamic Group, The Federal Group USA , and Vibrom spol. s r.o. among others.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report.
45% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for powder injection molding in APAC. Market growth in this region will be faster than the growth of the market in regions.
The significant increase in the demand for PIM in countries such as India , Thailand , Vietnam , Singapore , and Malaysia will facilitate the powder injection molding market growth in APAC over the forecast period.
Download FREE Sample Report to know more about this market's geographical distribution along with a detailed analysis of the top regions.
The powder injection molding market share growth by the consumer products segment will be significant during the forecast period. With technological developments, the miniaturization of electronic devices is a common trend these days, which is expected to propel the demand for even smaller parts, that are reliable in terms of performance and are low in cost, during the forecast period.
Download FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years.
One of the key factors driving the global powder injection molding market growth is the technological innovations in injection molding robots. For better control, vendors provide a touchscreen with easy operability due to its icon-driven instructions and on-screen prompts. For instance, Yushin precision equipment, one of the prominent market vendors, has started offering robots with vibration dampening technology for high precision and low molding time. In addition, grippers are also being used in cobots. For instance, SCHUNK, a manufacturer of gripping systems, has developed Co-act, a collaborative actuator that comes with technology, which limits the force and prevents potential hazards when working closely with workers. Such factors are expected to positively impact the market growth in the coming years.
One of the key challenges to the global powder injection molding market growth is the high tooling cost. Injection molding tools are quite expensive. If injection molding manufacturers plan to produce 1,000 parts per year for a stipulated period, a typical 1-16 impression mold would cost USD 3,338 to USD 22,252 . The time required for manufacturing is 5 to 12 weeks. Options do exist for low-cost, short-run injection molding tooling. These tooling manufacturing methods involve the use of a steel block and a predesigned tooling template. These methods can also be adopted for softer metals such as aluminum, mild steel, and nickel, unlike hardened tool steel or beryllium-copper alloy. However, this technique is not generally advised for part production as the tooling is highly susceptible to damage. Such factors are expected to hamper the growth of the market during the forecast period.
Download free sample for highlights on market Drivers & Challenges affecting the Powder Injection Molding Market.
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!
Metal Machining Market by End-user and Geography - Forecast and Analysis 2021-2025: The metal machining market share is expected to increase by USD 12.63 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 3.11%. To get more exclusive research insights: Download FREE Sample Report
Plastic Contract Manufacturing Market by Application and Geography - Forecast and Analysis 2022-2026: The plastic contract manufacturing market share should rise by USD 15.41 billion from 2022 to 2026 at a CAGR of 10.42%. To get more exclusive research insights: Download FREE Sample Report
Powder Injection Molding Market Scope
Accelerate at a CAGR of 6.53%
APAC, Europe, North America, South America, and Middle East and Africa
US, China, Japan, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
AMT Pte. Ltd., ARBURG GmbH Co KG, ARC Group Worldwide Inc., ASH Industries, ATW Companies, Chung Nam Group of Companies, CMG Technologies Ltd., Epson Atmix Corp., Form Technologies, GKN Sinter Metals Engineering GmbH, Indo US MIM Tec Pvt. Ltd., Koch Industries Inc., Metal Powder Products Inc., Plastic Product Co. Inc., PSM Industries Inc., RHP Technology GmbH, Sintex AS, The Dynamic Group, The Federal Group USA, and Vibrom spol. s r.o.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET