Metal Injection Molding Market To Reach $11.09 Billion By 2030

Metal Injection Molding Market Growth & Trends

The global metal injection molding market size is anticipated to reach USD 11.09 billion by 2030, at a registering a CAGR of 11.6% over the forecast period, according to a new report by Grand View Research, Inc. The growing demand for small components in the automotive, consumer products, and medical equipment industry is projected to propel market demand over the coming years.

Metal injection molding technique enables the production of a large number of parts which high precision, this has increased the demand for MIM components used in surgical equipment, fire arms, aerospace, telecommunication, and the automotive sector.

The metal injection molding is projected to experience tremendous growth over the forecast period on account of increasing investment in the medical and defense sector. The injection molding technique is preferred by manufacturers as it is cost-effective, requires less production time & finishing, and reduces wastage of raw materials.

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Metal Injection Molding Market Report Highlights

• MIM saves time & cost, allows ultimate design freedom, large production volume, and no wastage of raw materials which are some of the factors influencing its demand in various end-use verticals

• The growing demand for smartphones, watches, laptops, electrical & electronic products and other components used in consumer durables is anticipated to boost the market growth in the consumer product segment

• The medical segment is projected to grow the second highest CAGR on account of growing demand for small surgical instruments and implants

• The Asia Pacific metal injection molding market dominated the global market with a share of 52.7% in 2023 due to lower labour cost in the region.

• High investments in the medical and defense sector of North America is also projected to impact market growth positively

• Companies are engaged in the development of specialized components in accordance to clients customized requests

Metal Injection Molding Market Segmentation

Grand View Research has segmented the global metal injection molding market based on end use, and region:

Metal Injection Molding End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive

• Consumer product

• Medical

• Industrial

• Defense

• Others

Metal Injection Molding Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

List of Key Players in Metal Injection Molding Market

• Dynacast

• GKN Automotive Limited

• Greene Group Industries, Inc. (Britt Manufacturing)

• Optimim

• Dean Group International

• Sintex

• CMG Technologies

• INDO-MIM

• Schunk Mobility

• Rockleigh Industries