Global Powder Metallurgy Components Market

[Aarti Ghodke]

 

Global Powder Metallurgy Components Market was valued at US$ 21.2 Bn in 2019, and is expected to reach US$ 35.88 Bn by 2027, at a CAGR of 6.8 % during forecast period.

 

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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Powder Metallurgy Components market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Powder Metallurgy Components market.

 

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

 

Efficient consistent, powder metallurgy is a value-added engineering process that provides a host of advantages over challenging metal forming technology. The wide use of powder metallurgy components for automotive production attribute to emerging technologies in this sector will grow the market at a significant rate during the forecast period.

 

Based on the product, the ferrous metal segment dominates the powder metallurgy components market over the worldwide. Ferrous metals are further segmented into iron and steel components. These both metals have Ferrous metals is further segmented into iron and steel components. These both metals exhibit excellent mechanical properties. Because of these properties, ferrous metals powder is widely used in the number of applications such as magnetic assemblies, filtration systems, structural parts, sharp gemstone-grinding blades, and auto metal components is boosting the ferrous segment.

 

The non-ferrous segment is further categorized into aluminum, copper, tungsten, and molybdenum. Non-ferrous metal components having high thermal, and electrical conductivity, high corrosion resistance, good machinability and good mechanical and fatigue properties. These components show excellent compressibility due to lower sintering temperature compared to ferrous based powder metallurgy components. Increasing mechanical and automobile companies and rise in the disposal of income, especially in most populous countries such as India and China, are likely to drive the powder metallurgy components in the next few years.

 

Based on the application, powder metallurgy components are widely used in the automotive sector for the engine such as variable valve timing (VVT) systems and oil pump. Further, it is used as a transmission application for synchronizer and oil-bearing are boosting demand of the global powder metallurgy components in the automotive sector. Demand for powder metallurgy components from the industrial segment is also high and it will also drive the global powder metallurgy components market in near future. Powder metallurgy components are widely used in telecommunication equipment’s, computers, home appliances, lawn and garden equipment, road equipment, power and hand tools, sporting goods, and firearms in the industrial segment.

 

Rapidly increasing industrialization across the globe is the factor that drives the industrial segment of the powder metallurgy components market during the forecast period. In aerospace industry powder metallurgy components are used for the manufacture of precision components such as gearing, gearboxes, small planetary devices. Further, in the medical industry, it is used as a medicine dispensing device that are anticipated to grow the medical and aerospace segment during the forecast period.

 

Geographically, North America was the leading consumer of powder metallurgy components in 2017. The growth in automobile and electrical and electronic industries in the Asia Pacific region will drive the powder metallurgy components market. Growth in research activities, the rise in GDP, an increase in investment in electric vehicles is estimated to boost the market in the Asia Pacific in the near future.

The U.S is projected to contribute significantly to the powder metallurgy components market in North America, owing to Rising in consumer interest in electric vehicles and fuel efficiency of vehicles are encouraging manufacturers to design lightweight components. Further, Europe is also a prominent region of the global powder metallurgy components market. Increase in focus on pollution and development of lightweight automotive parts driving the market in Europe.

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Global Powder Metallurgy Components Market, by Product

 

• Ferrous Metals
• Iron
• Steel
• Non-ferrous Metals
• Aluminum
• Copper
• Tungsten
• Molybdenum

Global Powder Metallurgy Components Market, by Application

 

• Automotive
• Aerospace
• Medical
• Industrial

Global Powder Metallurgy Components Market, by Region

 

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Key Players Operating In Global Powder Metallurgy Components Market:

 

• GKN Hoeganaes
• Sumitomo Electric Company Ltd
• American Axle & Manufacturing Holdings, Inc.
• Miba AG
• Hitachi Chemical Company Ltd
• Fine Sinter Co Ltd
• SHW AG
• Stackpole International Inc
• Arcam AB
• Carpenter Technology Corp.
• Schunk Group
• Porite Group
• H.C. Starck
• SMC Powder Metallurgy
• Metaldyne Performance

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