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May 02, 2023 (The Expresswire) --"Final Report will add the analysis of the impact of COVID-19 on this industry."
The global “Metal Injection Molding Market’ research provides a thorough analysis with insightful future projections through 2030. In order to highlight important market trends, challenges, rivalry, industry changes, and upcoming opportunities, the research incorporates both qualitative and quantitative data. The report also offers details on the characteristics, cost structure, and competitive environment of the Metal Injection Molding market, as well as its size, recent growth, share, and development status.
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About Metal Injection Molding Market:
Growing demand from end-use industries in emerging economies is driving the growth of the metal injection molding market to better understand these firms' unique position in an accelerating global Metal Injection Molding market.
The global Metal Injection Molding market size is projected to grow from USD 2445.1 million in 2022 to USD 3341.9 million in 2029; it is expected to grow at a CAGR of 3341.9 from 2023 to 2029.
Metal Injection Molding (MIM) can be mainly divided into Stainless Steel, Steel, Copper and Magnetic Alloys which Stainless Steel captures about 60.62 percentage of Metal Injection Molding (MIM) market in 2017. According to our research and analysis, manufacturers from Asia are the major leaders in the international market of Metal Injection Molding (MIM).
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Report Coverage
This latest report provides a deep insight into the global Metal Injection Molding market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, value chain analysis, etc.
This report aims to provide a comprehensive picture of the global Metal Injection Molding market, with both quantitative and qualitative data, to help readers understand how the Metal Injection Molding market scenario changed across the globe during the pandemic and Russia-Ukraine War.
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Metal Injection Molding Market Segment by Manufacturers:
● Indo-MIM
● ARC Group
● NIPPON PISTON RING
● Schunk
● Sintex
● Praxis Powder Technology
● ASH Industries
● Form Technologies
● Smith Metal Products
● CMG Technologies
● MPP
● AMT
● Dou Yee Technologies
● Shin Zu Shing
● GIAN
● Future High-tech
Metal Injection Molding Market Segment by Types:
● Stainless Steel
● Steel
● Magnetic Alloys
● Copper
● Others
Metal Injection Molding Market Segment by Applications:
● Electronic
● Automotive
● Industrial Components
● Medical and Dental
● Firearms
● Consumer Products
● Others
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Chapter Introduction of Metal Injection Molding Market Report:
Chapter 1: Scope of Metal Injection Molding, Research Methodology, etc.
Chapter 2: Executive Summary, global Metal Injection Molding market size (sales and revenue) and CAGR, Metal Injection Molding market size by region, by type, by application, historical data from 2018 to 2023, and forecast to 2029.
Chapter 3: Metal Injection Molding sales, revenue, average price, global market share, and industry ranking by company, 2018-2023
Chapter 4: Global Metal Injection Molding sales and revenue by region and by country. Country specific data and market value analysis for the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America and Middle East and Africa.
Chapter 5, 6, 7, 8: Americas, APAC, Europe, Middle East and Africa, sales segment by country, by type, and type.
Chapter 9: Analysis of the current market trends, market forecast, opportunities and economic trends that are affecting the future marketplace
Chapter 10: Manufacturing cost structure analysis
Chapter 11: Sales channel, distributors, and customers
Chapter 12: World Forecast Review for Metal Injection Molding by Geographic Region.
Chapter 13: Key Players Analysis
Chapter 14: Research Findings and Conclusion.
Key Questions Addressed in this Report
● What is the 10-year outlook for the global Metal Injection Molding market?
● What factors are driving Metal Injection Molding market growth, globally and by region?
● Which technologies are poised for the fastest growth by market and region?
● How do Metal Injection Molding market opportunities vary by end market size?
● How does Metal Injection Molding break out type, application?
● What are the influences of COVID-19 and Russia-Ukraine war?
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Detailed TOC of Global Metal Injection Molding Market Growth 2023-2029
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Metal Injection Molding Annual Sales 2018-2029
2.1.2 World Current and Future Analysis for Metal Injection Molding by Geographic Region, 2018, 2022 and 2029
2.1.3 World Current and Future Analysis for Metal Injection Molding by Country/Region, 2018, 2022 and 2029
2.2 Metal Injection Molding Segment by Type
2.3 Metal Injection Molding Sales by Type
2.3.1 Global Metal Injection Molding Sales Market Share by Type (2018-2023)
2.3.2 Global Metal Injection Molding Revenue and Market Share by Type (2018-2023)
2.3.3 Global Metal Injection Molding Sale Price by Type (2018-2023)
2.4 Metal Injection Molding Segment by Application
2.5 Metal Injection Molding Sales by Application
2.5.1 Global Metal Injection Molding Sale Market Share by Application (2018-2023)
2.5.2 Global Metal Injection Molding Revenue and Market Share by Application (2018-2023)
2.5.3 Global Metal Injection Molding Sale Price by Application (2018-2023)
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3 Global Metal Injection Molding by Company
3.1 Global Breakdown Data by Company
3.1.1 Global Annual Sales by Company (2018-2023)
3.1.2 Global Sales Market Share by Company (2018-2023)
3.2 Global Annual Revenue by Company (2018-2023)
3.2.1 Global Revenue by Company (2018-2023)
3.2.2 Global Revenue Market Share by Company (2018-2023)
3.3 Global Sale Price by Company
3.4 Key Manufacturers Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Product Location Distribution
3.4.2 Players Metal Injection Molding Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) and (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers and Acquisitions, Expansion
4 World Historic Review for Metal Injection Molding by Geographic Region
4.1 World Historic Market Size by Geographic Region (2018-2023)
4.1.1 Global Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Market Size by Country/Region (2018-2023)
4.2.1 Global Annual Sales by Country/Region (2018-2023)
4.2.2 Global Annual Revenue by Country/Region (2018-2023)
4.3 Americas Sales Growth
4.4 APAC Sales Growth
4.5 Europe Sales Growth
4.6 Middle East and Africa Metal Injection Molding Sales Growth
5 Americas
5.1 Americas Metal Injection Molding Sales by Country
5.1.1 Americas Metal Injection Molding Sales by Country (2018-2023)
5.1.2 Americas Metal Injection Molding Revenue by Country (2018-2023)
5.2 Americas Metal Injection Molding Sales by Type
5.3 Americas Metal Injection Molding Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Metal Injection Molding Sales by Region
6.1.1 APAC Metal Injection Molding Sales by Region (2018-2023)
6.1.2 APAC Metal Injection Molding Revenue by Region (2018-2023)
6.2 APAC Metal Injection Molding Sales by Type
6.3 APAC Metal Injection Molding Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Metal Injection Molding by Country
7.1.1 Europe Metal Injection Molding Sales by Country (2018-2023)
7.1.2 Europe Metal Injection Molding Revenue by Country (2018-2023)
7.2 Europe Metal Injection Molding Sales by Type
7.3 Europe Metal Injection Molding Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East and Africa
8.1 Middle East and Africa Metal Injection Molding by Country
8.1.1 Middle East and Africa Metal Injection Molding Sales by Country (2018-2023)
8.1.2 Middle East and Africa Metal Injection Molding Revenue by Country (2018-2023)
8.2 Middle East and Africa Metal Injection Molding Sales by Type
8.3 Middle East and Africa Metal Injection Molding Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Growth Opportunities
9.2 Market Challenges and Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Metal Injection Molding
10.3 Manufacturing Process Analysis of Metal Injection Molding
10.4 Industry Chain Structure of Metal Injection Molding
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Metal Injection Molding Distributors
11.3 Metal Injection Molding Customer
12 World Forecast Review for Metal Injection Molding by Geographic Region
12.1 Global Metal Injection Molding Market Size Forecast by Region
12.1.1 Global Metal Injection Molding Forecast by Region (2024-2029)
12.1.2 Global Metal Injection Molding Annual Revenue Forecast by Region (2024-2029)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East and Africa Forecast by Country
12.6 Global Metal Injection Molding Forecast by Type
12.7 Global Metal Injection Molding Forecast by Application
13 Key Players Analysis
13.1 MANUFACTURE 1
13.1.1 MANUFACTURE 1 Company Information
13.1.2 MANUFACTURE 1 Metal Injection Molding Product Portfolios and Specifications
13.1.3 MANUFACTURE 1 Metal Injection Molding Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 MANUFACTURE 1 Main Business Overview
13.1.5 MANUFACTURE 1 Latest Developments
14 Research Findings and Conclusion
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FAQs
What is the outlook for the metal injection molding industry? ›
The metal injection molding market is projected to grow from 2.58 Billion in 2017 to USD 3.77 Billion by 2022, at a CAGR of 7.83% from 2017 to 2022.
How big is the metal injection molding market? ›The global metal injection molding market was valued at US$ 3.9 Billion in 2022.
What is the metal injection molding market trend? ›Metal injection Molding (MIM) Market was valued at USD 3.96 billion in 2021 and is expected to reach USD 9.80 billion by 2029, registering a CAGR of 12.00% during the forecast period of 2022-2029.
What is the market outlook for steel products? ›Total output in steel-using sectors in 2021 rebounded (+6.8%) after the sharp drop recorded in 2020 due to the impact of the pandemic (-10.2%). Steel-using sectors' output is expected to continue to expand in 2022 at a slightly higher rate than previously predicted (+2.1% vs.
What is the value of injection molding market? ›| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 273.2 billion |
| Revenue forecast in 2030 | USD 397.6 billion |
| Growth Rate | CAGR of 4.8 % from 2022 to 2030 |
| Base year for estimation | 2021 |
Injection Molding Machine Market was valued at USD 10.4 billion in 2022 and is projected to reach USD 12.4 billion by 2027, growing at a cagr 3.6% from 2022 to 2027.
What is the largest injection molder in the world? ›The Engel duo 130000/130000H/8200 combi machines each feature two 85,000 cm³ (approx. 2900 oz.) injection units capable of a combined total shot weight of 270 lbs (122 kg). In terms of footprint, the machines measure 96 feet (29.3 meters) long and 37 feet (6.4 meters) wide.
What state is best for injection molding? ›- Mississippi. Mississippi. ...
- Massachusetts. Massachusetts. ...
- Missouri. Missouri. ...
- Iowa. Iowa. ...
- New Jersey. New Jersey. ...
- Texas. Texas. ...
- Illinois. Illinois. Total Injection Molding Technician Jobs: ...
- California. California. Total Injection Molding Technician Jobs:
High Efficiency- Fast Production
The process itself is extremely fast compared to other methods, and the high production output rate makes it even more efficient and cost-effective. Speed depends on the complexity and size of the mold but only about 15-120 seconds pass between each cycle time.
Containing 13% chromium, 420 stainless steel is a high-quality tool steel that's preferred for custom injection molding. The high carbon content provides: Maximum corrosion resistance when fully hardened. Excellent wear resistance and edge retention.
Why is injection molding so expensive? ›
The simple answer is that making a successful injection mould tool is a hugely complex undertaking that require a lot of thought, planning, expertise and labour. The higher the complexity, the more expensive the cost of your mould will be.
What will the demand for steel be in 2030? ›In the changed post COVID-19 business landscape, the global market for Steel estimated at 1.8 Billion Metric Tons in the year 2022, is projected to reach a revised size of 2.3 Billion Metric Tons by 2030, growing at a CAGR of 3% over the analysis period 2022-2030.
What is the outlook for steel production in 2023? ›The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2023 and 2024. worldsteel forecasts that this year, demand will see a 2.3% rebound to reach 1,822.3 Mt.
Are steel prices coming down in 2023? ›Due to several factors, steel and metal prices are expected to go down in 2023. In fact, since May of 2022, the US Midwest Domestic Hot-Rolled Coil Steel futures contract was down over 53% from where it was at the start of 2022.
What is the profit margin in injection molding? ›For plastics processors like injection molders, extrusion companies, blow molders, etc., profit margins can be thin. In the injection molding industry for example, margins of 6-7% are pretty typical. Of course some plastics manufacturers have profits higher than average, some lower. That's true in every industry.
What is one disadvantage of injection molding? ›Start-up costs are high.
Since custom tooling must be created for each injection molded part, initial start-up costs are high and this isn't economical for low-volume production runs.
PP, abbreviated for Polypropylene, is a type of plastic polymer that is known for its tough and flexible properties. It is thus, one of the most popular material choices for manufacturing in injection molding.
Is injection moulding a good career? ›In addition, becoming an injection mold technician sets up people for a career in the manufacturing industry, which has several benefits. In addition to competitive salaries, companies in manufacturing have clear career paths, offer continuing education, and have a high level of job security.
Is injection moulding a trade? ›In 2021, Injection-moulding machines for rubber or plastic were the world's 548th most traded product, with a total trade of $6.75B. Between 2020 and 2021 the exports of Injection-moulding machines for rubber or plastic grew by 26%, from $5.36B to $6.75B.
What problem is injection molding? ›Injection molding warping refers to unintended twists or bends caused by uneven internal shrinkage during the cooling process. Warping defects in injection molding are generally the result of non-uniform or inconsistent mold cooling, which creates stresses within the material.
Who makes injection molds in the United States? ›
USA Injection Molding, an LMT Mercer Group Company, is a full-service custom plastic injection molding facility.
How many injection molders are there in the US? ›Questions Clients Ask About This Industry
There are 53,783 people employed in the Contract Injection Molding Manufacturing industry in the US as of 2023.
In fact, most standard injection molding machines can only accommodate a maximum part size of 4' x 4'. Larger machinery is available but is also drastically more expensive.
What is better than injection molding? ›Depending on a project's needs, thermoforming can offer several distinct advantages, including: Lower tooling costs compared to injection molding. Quick product development and prototyping. Bright color and texture options.
What is better than injection moulding? ›However, because of the cost and time consuming nature of injection moulding tooling design, 3D printing is generally seen as a better process for prototyping.
Is injection molding cheaper than CNC? ›Injection molding lead costs tend to be more expensive than CNC machining because you need a mold to produce your part. The mold cost depends on its complexity and size.
Why do companies outsource injection molding to China? ›Why outsource to China? Plastic injection molding in China can produce the rapid prototypes you require while ensuring production-grade results. It's a versatile method that can deliver low-volume parts of up to 100,000 pieces from production resins.
How do I grow my injection moulding business? ›- Find a Niche and a Focus. Most custom molders in business today have found a niche. ...
- Warehousing: A Hidden Requirement. ...
- The Molding Machine: Cost Justification. ...
- Selecting the Best Equipment. ...
- Quality Issues-What They're All About.
Injection molding has minimal scrap rates.
Compared to other manufacturing processes like CNC machining, injection molding produces very little scraps, making it a more sustainable method.
Due to the complex high wear resistant tooling required for metal injection molded parts, metal injection molding (MIM) equipment can be expensive.
What is the most common material used in injection molding? ›
When it comes to injection molding resins, there are two types of polystyrene that are commonly used: High Impact Polystyrene (HIPS) and General Purpose Polystyrene (GPPS). GPPS is transparent, while HIPS is opaque. Hard cases for toolboxes and bodies of power tools are also made using High Impact Polystyrene.
Can you metal injection mold aluminum? ›Aluminum injection molding is an innovative technique based on injection molding used to produce parts (either prototypes/real products) with aluminum tooling. It is a perfect alternative to steel injection molding in rapid prototyping and has wide adoption in automotive, aviation, and industrial processes.
How long does injection molding last? ›Plastic injection molds last from hundreds to over a million cycles. A plastic injection mold lifespan depends on its environment, maintenance, structure, SPI classification, and other factors.
How much does an injection molding machine cost per hour? ›Reported machine rates for injection molders range from $20.00 per hour to $328.90 per hour. The most easily defined factor at play is machine tonnage.
How much does injection moulding cost quote? ›A small and simple single cavity plastic injection mold usually costs between $1,000 and $5,000. Very large or complex molds may cost as much as $80,000 or more.
Is metal fabrication in demand? ›Metal fabrication market growth is being driven by the increasing demand for metal fabrication across various industries, including automotive, aerospace and defence, and manufacturing.
What metal is in highest demand? ›Silver is known as the most versatile precious metal, and demand is driven by end uses ranging from silverware to medicine, as well as industrial and technological applications, which account for well over half of annual global demand.
Which metal has high demand? ›We can also confirm that demand for all major metals, except lead, is expected to increase continuously by the end of this century, with the largest growth rate for aluminum (470%), followed by copper (330%), zinc (130%), and iron (100%).
Which metal has more demand? ›Precious metals like gold, silver, platinum, etc., are rare and have high values in the market. The demand for such metals is also growing as civilization advances.
What is the salary of molded? ›Mould Maker salary in India ranges between ₹ 0.2 Lakhs to ₹ 5.0 Lakhs with an average annual salary of ₹ 2.5 Lakhs.
What can go wrong with injection molding? ›
Injection molding warping refers to unintended twists or bends caused by uneven internal shrinkage during the cooling process. Warping defects in injection molding are generally the result of non-uniform or inconsistent mold cooling, which creates stresses within the material.