Global Powder Metallurgy Components Market is Projected to Grow at a Substantial CAGR During the Forecast Period, Due to Growing Automotive Industry
“The Global Powder Metallurgy Components Market poised to reach US$ XX Mn by 2025 with a significant CAGR over seven years forecast period 2019-2025” owing to the growth in automotive industry.
Precision Business Insights (PBI) in its report titled “Global Powder Metallurgy Components Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global powder metallurgy components Market was valued at US$ XX Mn in 2018 and projected to reach US$ XX Mn by 2025. Powder metallurgy components market finds a wide range of application in automotive systems such as anti-lock braking systems (abs) – sensor rings, oil pumps, (particularly gears) shock absorbers (piston valves, end valves), continuously variable transmissions, exhaust gas recirculation (egr) systems, turbochargers, exhaust systems – flanges, oxygen sensor bosses, chassis components, variable valve timing systems. Components which are required in large production quantities is considered to be one of the vital markets for powder metallurgy components. In addition, it also is also preferred in various end user industries. These factors drives the growth of market. However, the volatility in the prices of raw materials restraints the market growth.
Global powder metallurgy components market segmented on the basis of product type, application and countries.
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Healthcare Sector Accounts for the Higher Revenue Share
Based on application, powder metallurgy components is segmented into aerospace, airframe, oil and gas industry, healthcare sector. Healthcare sector accounts for the major revenue share. This can be attributed to growing use of these components in the healthcare sector that encloses components which can be prepared through powder-based routes such as producing customized medical implants by means of additive manufacturing plus producing porous implant structures (to match bone stiffness and to aid osteo-integration) by PM dispensation (MIM, Press/Sinter PM etc.) of materials encompassing space-holder trappings that are detached after forming. Metal injection molding through which many surgical instruments and dental implants are produced. Rare earth permanent magnets which are processed from powders are used, large quantity in MRI scanners.
North America Leads the Global Powder Metallurgy Components Market
Precision Business Insights (PBI) global powder metallurgy components market report analyses the market in different regions of North America, Europe, Latin America, Asia Pacific, and Middle East Africa. According to regional analysis, North America is expected to be front runner in the market. U.S. is considered to bid a lucrative growth in the region owing to mounting interest of patrons in electric vehicles and requisite to design lightweight components in order to increase the efficacy of fuels in vehicles. Asia Pacific is considered to be one of the strong markets for powder metallurgy components. Emerging economies such as China, India drives the regional market due to rising GDP, larger investments in R&D activities, and cumulative investments in electric vehicles. Europe is considered to be the frontier in powder metallurgy components market. Upsurge in inventiveness to curb carbon emission and schemes to produce lightweight parts of vehicles drives the growth of market in this region.
Germany is the leader in this region due to increasing technological advancements and accumulation of large number of automotive manufacturing industries. Latin America and MEA powder metallurgy components market grows at a modest stride in arrears to high dependence on importations of raw materials in this region. Rising demand in agricultural machinery production coupled with increasing demand for construction equipment’s drives the growth of market in these regions.
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Strategic Acquisition Play Vital Role in Global Powder Metallurgy Components Market
Key players in powder metallurgy components market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance, February 2018: Carpenter Technology Corporation has announced that it has acquired MB CalRAM LLC, a leader in power-bed fusion additive manufacturing metal printing services. This acquisition is expected to provide direct entry into the rapidly expanding part production segment of the additive manufacturing value chain.
Key players mentioned in the report includes Perry Tool & Research, Inc., Comtec Mfg., Inc., Webster-Hoff Corporation, Vision Quality Components, Inc., Catalus Corporation, Embassy Powdered Metals, Powder Metallurgy Company, Inc., Hitachi Chemical, Carpenter Technology, Fine Sinter, among others.
By Product Type
By Application Type
o Oil and gas industry
o Healthcare By Product Type
o North America
Rest of Europe
Rest of Asia Pacific
o Latin America
Rest of Latin America
o Middle East and Africa
Gulf Corporation Council Counties (GCC)
Rest of MEA
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