In accordance with this study, the global Powder Metallurgy Components market value registered in 2019 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2026 with a CAGR of XX% during the period of 2020-2026.
Powder metallurgy is the process of blending fine powdered materials, in which different parts and components are produced from many metal powder. It is a cost-effective method used in producing simple and complex part. Powder metallurgy usually uses more than 97% of the starting raw material in the finished part. Because of this, powder metallurgy is an energy and materials conserving process. Powdered metallurgy components find applications across variety of sectors like automotive, aerospace, and electrical and electronics applications.
Rising automotive production along with rising demand of electric vehicles across the globe is the key factor to drive the market growth. Moreover, increasing demand for powdered metal from various end-use industries owing to rapid industrialization and urbanization is also pushing the market growth. However, high cost associated with powdered metallurgy processing equipment challenges the market growth.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of powder metallurgy components.
The study offers a decisive view of the global powder metallurgy components market by segmenting it in terms of product and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Ferrous Metals
- Non-Ferrous Metals
- Electrical and Electronics
This section covers powder metallurgy components market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global powder metallurgy components market along with the individual application segment across all the prominent region.
Global Powder Metallurgy Components Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global powder metallurgy components market are Fine Sinter, GKN Hoeganaes, H.C. Starck, Hitachi Chemical, Metaldyne Performance, Miba, PMG Holding, Porite Group, Schunk Group, SMC Powder Metallurgy, Stackpole International, and Sumitomo Electric. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.