Global Metal Injection Molding Fabrication Market to Reach $4.5 Billion

January 16, 2019

WELLESLEY, Mass. Jan. 16, 2019 – Due to the growing trend toward miniaturization of products, advantages of metal injection molding (MIM) over conventional manufacturing techniques, cost-effectiveness and additional factors, the global market for metal injection molding fabrication is progressing at a steady rate, according to BCC Research.

The global metal injection molding market was valued at $3.1 billion in 2018 and is expected to reach $4.5 billion by 2023 at a compound annual growth rate (CAGR) of 7.5% during the forecast period, according to the report “Metal Injection Molding Fabrication: Global Markets to 2023.”

Major players in the industry include: Abbott Furnace Co., Phillips-Medisize Corp., Amphenol Corp. (APH), Dou Yee Technologies Pte Ltd., OBE GmbH and Co. KG and Parmaco Metal Injection Molding AG. 

Research Highlights:

• Growth in the MIM industry is anticipated to come primarily from the developing countries of Asia-Pacific such as Malaysia, Taiwan, China and India, among others, as this region has shown rapid economic growth and is undergoing industrial development.
• Demand for MIM products in sealable housing for shotgun trigger guards, police pistols, rotors for stepper motors and computer peripherals are expected drive market growth during the forecast period.
• The medical and orthodontics market is one of the most lucrative sectors for metal injection molding technology. This end-use application industry is projected to experience significant growth rates during the forecast period.

“Metal injection molding fabrication offers a cost-advantage for parts having more complex features, an advantage that amplifies with an increase in quantities,” said BCC Research analyst and report author Abhigyan Sengupta. “Since MIM is a molding process in which minimal excess material needs to be removed, the process helps to save material and time, when compared to conventionally machining the part. This consequently results in saving time and money.”

Miniaturization as a Key Market Trend

One notable trend in the global market for metal injection molding fabrication is miniaturization. The growing trend towards miniaturization, coupled with the quest of design engineers to develop newer components with enhanced mechanical strength, is anticipated to offer growth opportunities in market across the globe.

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Metal Injection Molding Fabrication: Global Markets to 2023( AVM168A )
Publish Date: Jan 2019    

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