Dublin, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The "Powder Metallurgy Parts - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Powder Metallurgy Parts is experiencing significant growth, with an estimated value of $26.1 billion in 2022 projected to reach $42.5 billion by 2030, at a compound annual growth rate (CAGR) of 6.3% over the analysis period from 2022 to 2030. This growth is primarily driven by the Ferrous Metals segment, which is expected to record a CAGR of 6.4% and reach $37.1 billion by the end of the analysis period.
Key Market Insights:
- Ferrous Metals Segment: Ferrous metals are a major contributor to the growth of the powder metallurgy parts market, with a projected CAGR of 6.4%. This segment is expected to reach $37.1 billion, reflecting strong demand for powder metallurgy parts made from ferrous materials.
- Non-Ferrous Metals Segment: The non-ferrous metals segment is also poised for growth, with an estimated CAGR of 5.8% over the next eight years.
Geographic Trends:
- United States: The U.S. market for powder metallurgy parts is estimated at $7.4 billion in 2022, highlighting the significant presence of this industry in the country.
- China: China is forecasted to reach a market size of $6.1 billion by 2030, with a robust CAGR of 8.3%. This growth reflects China's increasing demand for powder metallurgy parts.
- Other Markets: Japan and Canada are also noteworthy markets, with projected growth rates of 4.3% and 5.3%, respectively. In Europe, Germany is expected to grow at approximately 5.7% CAGR.
Select Competitors:
The powder metallurgy parts market features several key competitors, including American Axle & Manufacturing Holdings, Inc., AMES Group, Carpenter Technology Corporation, Catalus Corporation, Fine Sinter Co Ltd, GKN Powder Metallurgy, Miba AG, PMG Holding GmbH, Porite Co., Ltd., Schunk Group, SHW AG, Stackpole International Inc, and Sumitomo Electric Industries Ltd., among others.
Economic Outlook:
The global economic outlook is gradually improving, with expectations of growth recovery in the coming years. Despite challenges such as inflation and economic complexities, there are opportunities for businesses to thrive by embracing new technologies and sustainable practices.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- A Prelude to Powder Metallurgy Parts
- PMT's Manufacturing Method
- Factors to Consider When Opting for Powder Metallurgy Parts
- Global Economic Update
- From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions
- Here's How Inflationary Pressures Affect the Economy
- Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
- Here's What's Causing Inflationary Pressures in the Global Market
- Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- COVID-19 Impact on Powder Metallurgy Parts Market
- Competitive Landscape
- Powder Metallurgy Parts - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Market Overview and Prospects
- North America Dominates, Asia-Pacific Witnesses Rapid Growth
- Powder Metallurgy Metal Parts by Product Type
- Use of Powder Metallurgy for Manufacturing Automobile Components Witness a Robust Increase
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- The Rise of Powder Metallurgy Provides the Foundation for the Growth of PM Parts Demand
- Major Powder Metallurgy Technology Advancements Over the Years
- Powder Metallurgy Outlook
- Powder Metallurgy Parts Witness Stupendous Growth in the Automotive Industry
- Recent Developments in Powder Metallurgy Process for the Automotive Industry
- Vehicle Parts Made using the PM technology
- Automobile Production Dynamics Augment Market Prospects
- World Automobile Production in Million Units: 2008-2022
- Pandemic Impact on the Automotive Industry & What's the New Normal?
- Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Global Production Capacity of the Automobile Industry (In Million Units) by Region for the Years 2017 and 2022
- Automotive Industry's Growing Appetite for Advanced Powdered Metallurgy (PM) Parts Will Remain a Long-Term Growth Driver
- Growing Impetus on Using Sustainable Technologies Fuel Demand for Powder Metallurgy in Aviation Sector
- Encouraging Recovery of the Aerospace Industry to Spur Opportunities for Powder Metallurgy Parts
- Commercial Aircraft Orders & Deliveries for Airbus for the Year 2022 Vs. 2021 (In Units)
- New Route Expansion Signals a Good Return to Business & a Strong Business Case for New Aircraft Orders & Deliveries: Number of New Aircraft Demanded (In Units) as a Result of New Air Route Expansion by 2041
- Technological Innovations Drive Market Growth
- Innovative Hot Isostatic Pressing Process in Power Metallurgy for Enhanced High Temperature Performance
- Manufacturing Industry's Transition to Precision Manufacturing Bodes Well for Market Growth
- Spectacular Growth of Additive Manufacturing to Drive Demand Gains in the Powder Metallurgy Parts Market
- Strong Outlook for AM Translates into Stronger Demand for Powder Metallurgy Parts: Global Market for Additive Manufacturing (In US$ Billion) for Years 2021 2023, 2025, 2027 and 2029
- Demand Grows Strong for Next-Generation Metal Powders for Medical Additive Manufacturing
- Global Market for 3D Printing Medical Devices (In US$ Million) for Years 2021, 2023, 2025, and 2027
- Mechanization of Agriculture to Drive the Demand for Powder Metallurgy Parts
- Global Market for Agricultural Machinery (In US$ Billion) 2021, 2023, 2025, 2027 and 2027
- Focus on Sustainability Throws the Spotlight on Metal Powders. Here's Why & How
- Global CO2 Emissions (In Billion Metric Tons) for Years 1930, 1940, 1950, 1960, 1970, 1980, 1990, 2000, 2010, 2020 & 2021
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/fc5f8k
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