The global metal injection molding market is anticipated to grow at a CAGR of 7.9% during the forecast period. Metal Injection Molding (MIM) also termed Powdered Injection Molding (PIM)is an advanced metalworking process in which a mixture of powder and binder is added to a machine for generating desired shape and size, and is widely used in the manufacturing of high-density and complex geometrical parts for the critical end-use sectors where accuracy is considered as a most essential parameter. Adoption of this process for accurate shapes and sizes to molten metals to drive the sector growth from various end-use industries during the forecast period.For instance, in August 2021, ARRIS announced a project agreement with the Combat Capabilities Development Command Ground Vehicle Systems Center (DEVCOM GVSC). This initial project utilizes ARRIS’ uniquely scalable Additive Molding(TM) manufacturing technology platform on vehicle seats to demonstrate significant vehicle weight reductions through part consolidation, topology optimization, and an aligned continuous carbon fibre composite structure. Moreover, by replacing an assembly of metal components in crew seats with a single continuous fibre-reinforced composite (CFRC) structure, ARRIS demonstratesthe advantages of its manufacturing technology for broader vehicle applications.
Browse the full report description of “Metal Injection Molding Market & Trends Analysis Report by Material Type (Soft Magnetic Material, Low Alloy Steel, and Stainless Steel), and by End User Industry (Firearms and Defense, Industrial, Consumer Products, Automotive, Medical Sector, and Electric and Electronics) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/metal-injection-molding-market
Moreover, the key product development and technological advances by the major vendor such as Parmaco Metal Injection Molding AG, Reaux Medical Molding., andDesktop Metal will further boost the market growth. For instance, in May 2019, Desktop Metal strategically partnered withIndo-MIMat RAPID + TCT 201. This partnership allowed both companies to further offer innovationto design and produce metal 3D-printed parts. Indo-MIM delivers over 100 million metal parts annually to OEMs together with Desktop Metal, and continued to deliver high-precision metal 3D printed parts to companies spanning the automotive, aerospace, medical, and industrial machinery industries.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Material Type
o By End Use Industry
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape –include ARC Group Worldwide, CMG Technologies, Dean Group International Ltd., Fours Industriels BMI SAS, and among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Metal Injection Molding Market Report Segment
By Material Type
By End Use Industry
Global Metal Injection Molding Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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