The metal injection molding market size has grown strongly in recent years. It will grow from $4.35 billion in 2024 to $4.78 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to powder metallurgy advancements, automotive industry demand, energy sector requirements, additive manufacturing growth, consumer goods manufacturing.
The metal injection molding market size is expected to see strong growth in the next few years. It will grow to $6.98 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to advancements in alloy development, sustainable practices, investments in research and development, rising demand for lightweight materials, global infrastructure development. Major trends in the forecast period include additive manufacturing, powder metallurgy techniques, wider range of metal powder alloys, metal injection molding, digitalization and industry 4 integration.
Increasing demand from the automotive industry is expected to drive the growth of the metal injection molding market in the future. The automotive industry includes businesses involved in the manufacturing, distribution, retail, and maintenance of automobiles. Metal injection molded parts are widely utilized in this sector for engines, gearboxes, turbochargers, locking mechanisms, steering systems, and electrical systems, allowing for the production of high-strength, complex components. For instance, data from the U.S. Environmental Protection Agency, released in December 2023, showed that the combined production share of electric vehicles (EVs), plug-in hybrid vehicles (PHEVs), and fuel cell electric vehicles (FCVs) rose from 4% in 2021 to 7% in 2022, with projections indicating a further increase to 12% by 2023. Therefore, the rising demand from the automotive industry is fueling the growth of the metal injection molding market.
The escalating demand for aircraft is anticipated to propel the growth of the metal injection molding market. Aircraft, designed for air travel and equipped with wings and one or more engines, benefit from metal injection molding in the manufacturing process. This technology is employed to produce intricate and precise metal components, contributing to increased efficiency and reduced weight. For instance, in January 2023, AIRBUS, a Netherlands-based aircraft company, reported delivering 661 commercial aircraft to 84 customers in 2022, marking an 8% increase compared to 2021. This growth in aircraft demand is a driving force behind the metal injection molding market.
Product innovations are emerging as key trends in the metal injection molding market. Major companies in this sector are adopting advanced technologies to enhance their competitive edge. For instance, in October 2024, Biomerics, a US-based medical equipment manufacturing company, unveiled new vertically integrated metal injection molding (MIM) services that improve its production capabilities. Led by the company’s micro metals division, these services allow Biomerics to manage the entire production process in-house, from material selection to final part manufacturing. This vertical integration aims to streamline operations, enhance quality control, and meet the demand for complex, precise components in the medical device sector. The introduction of MIM technology enables Biomerics to produce intricate parts that are difficult to manufacture using traditional methods.
Companies in the metal injection molding market are also focusing on the development of metal jet printers utilizing powders, such as metal injection molding (MIM) powders, to gain a competitive edge. Metal injection molding powders are finely powdered metal materials tailored for use in the metal injection molding process. In September 2022, HP, a US-based information technology company, introduced the S100 Metal Jet 3D printer, enabling faster production times with a 1200 dpi resolution. This printer utilizes Metal Injection Molding (MIM) powders, such as stainless steel and Inconel, allowing users to move from raw material to near-net-shape products in a single step.
In January 2022, Nichols Portland, a US-based designer and manufacturer of powder metallurgy components, acquired Alpha Precision Group for an undisclosed amount. This strategic move aligns with Nichols Portland's commitment to offering tailored solutions to its clients, enhancing its capabilities to meet evolving customer needs promptly. Alpha Precision Group, a US-based metal-forming technology company, specializes in conventional powder metallurgy and metal injection molding, serving a global customer base.
Major companies operating in the metal injection molding market include Molex LLC, Indo-Mim Private Limited, CMG Technologies Ltd., GKN Ltd., Smith Metal Products, ASH Industries Inc., Rockleigh Industries Inc., Schunk Sintermetalltechnik GmbH, Sandvik AB, Tekna Manufacturing Private Limited, PSM Industries Inc., Advanced Powder Products Inc., Alpha Precision Group, Epson Atmix Corporation, Hitachi Metals Ltd., Shanghai FUTURE HIGH-TECH Co. Ltd., Advanced Forming Technology, Ametek Specialty Metal Products, Parmatech Corporation, WTM SOLUTIONS, MOKO Technology, Kinetics Climax Inc., Phillips-Medisize LLC, FloMet LLC, Advanced Technology & Materials Co. Ltd., Nbtm New Materials Group, Jiangsu Gian Technology Co. Ltd., Shenzhen Zhucheng Science & Technology Co. Ltd., MDM Metal Industrial Co.Ltd.
Asia-Pacific was the largest region in the metal injection molding market in 2024. The regions covered in the metal injection molding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal injection molding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Metal injection molding (MIM) is a metal fabrication process used for the production of small, intricate, customized metal parts with high precision and consistency. This method combines the advantages of plastic injection molding with the strength and durability of metal materials.
The primary types of materials used in metal injection molding include stainless steel, low-alloy steel, soft magnetic materials, and others. Stainless steel, an iron alloy resistant to corrosion and rust, is frequently employed in metal injection molding (MIM) due to its high strength, corrosion resistance, and aesthetic appeal. The process utilizes various machines, including hydraulic, electric, and hybrid types, catering to end-users in industries such as electrical and electronics, automotive, consumer goods, industrial applications, and others.
The metal injection molding market research report is one of a series of new reports that provides metal injection molding market statistics, including metal injection molding industry global market size, regional shares, competitors with a metal injection molding market share, detailed metal injection molding market segments, market trends and opportunities, and any further data you may need to thrive in the metal injection molding industry. This metal injection molding market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The metal injection molding market includes revenues earned by entities by providing mixing, de-binding, sintering, injection molding, and part finishing services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The metal injection molding market size is expected to see strong growth in the next few years. It will grow to $6.98 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to advancements in alloy development, sustainable practices, investments in research and development, rising demand for lightweight materials, global infrastructure development. Major trends in the forecast period include additive manufacturing, powder metallurgy techniques, wider range of metal powder alloys, metal injection molding, digitalization and industry 4 integration.
Increasing demand from the automotive industry is expected to drive the growth of the metal injection molding market in the future. The automotive industry includes businesses involved in the manufacturing, distribution, retail, and maintenance of automobiles. Metal injection molded parts are widely utilized in this sector for engines, gearboxes, turbochargers, locking mechanisms, steering systems, and electrical systems, allowing for the production of high-strength, complex components. For instance, data from the U.S. Environmental Protection Agency, released in December 2023, showed that the combined production share of electric vehicles (EVs), plug-in hybrid vehicles (PHEVs), and fuel cell electric vehicles (FCVs) rose from 4% in 2021 to 7% in 2022, with projections indicating a further increase to 12% by 2023. Therefore, the rising demand from the automotive industry is fueling the growth of the metal injection molding market.
The escalating demand for aircraft is anticipated to propel the growth of the metal injection molding market. Aircraft, designed for air travel and equipped with wings and one or more engines, benefit from metal injection molding in the manufacturing process. This technology is employed to produce intricate and precise metal components, contributing to increased efficiency and reduced weight. For instance, in January 2023, AIRBUS, a Netherlands-based aircraft company, reported delivering 661 commercial aircraft to 84 customers in 2022, marking an 8% increase compared to 2021. This growth in aircraft demand is a driving force behind the metal injection molding market.
Product innovations are emerging as key trends in the metal injection molding market. Major companies in this sector are adopting advanced technologies to enhance their competitive edge. For instance, in October 2024, Biomerics, a US-based medical equipment manufacturing company, unveiled new vertically integrated metal injection molding (MIM) services that improve its production capabilities. Led by the company’s micro metals division, these services allow Biomerics to manage the entire production process in-house, from material selection to final part manufacturing. This vertical integration aims to streamline operations, enhance quality control, and meet the demand for complex, precise components in the medical device sector. The introduction of MIM technology enables Biomerics to produce intricate parts that are difficult to manufacture using traditional methods.
Companies in the metal injection molding market are also focusing on the development of metal jet printers utilizing powders, such as metal injection molding (MIM) powders, to gain a competitive edge. Metal injection molding powders are finely powdered metal materials tailored for use in the metal injection molding process. In September 2022, HP, a US-based information technology company, introduced the S100 Metal Jet 3D printer, enabling faster production times with a 1200 dpi resolution. This printer utilizes Metal Injection Molding (MIM) powders, such as stainless steel and Inconel, allowing users to move from raw material to near-net-shape products in a single step.
In January 2022, Nichols Portland, a US-based designer and manufacturer of powder metallurgy components, acquired Alpha Precision Group for an undisclosed amount. This strategic move aligns with Nichols Portland's commitment to offering tailored solutions to its clients, enhancing its capabilities to meet evolving customer needs promptly. Alpha Precision Group, a US-based metal-forming technology company, specializes in conventional powder metallurgy and metal injection molding, serving a global customer base.
Major companies operating in the metal injection molding market include Molex LLC, Indo-Mim Private Limited, CMG Technologies Ltd., GKN Ltd., Smith Metal Products, ASH Industries Inc., Rockleigh Industries Inc., Schunk Sintermetalltechnik GmbH, Sandvik AB, Tekna Manufacturing Private Limited, PSM Industries Inc., Advanced Powder Products Inc., Alpha Precision Group, Epson Atmix Corporation, Hitachi Metals Ltd., Shanghai FUTURE HIGH-TECH Co. Ltd., Advanced Forming Technology, Ametek Specialty Metal Products, Parmatech Corporation, WTM SOLUTIONS, MOKO Technology, Kinetics Climax Inc., Phillips-Medisize LLC, FloMet LLC, Advanced Technology & Materials Co. Ltd., Nbtm New Materials Group, Jiangsu Gian Technology Co. Ltd., Shenzhen Zhucheng Science & Technology Co. Ltd., MDM Metal Industrial Co.Ltd.
Asia-Pacific was the largest region in the metal injection molding market in 2024. The regions covered in the metal injection molding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal injection molding market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Metal injection molding (MIM) is a metal fabrication process used for the production of small, intricate, customized metal parts with high precision and consistency. This method combines the advantages of plastic injection molding with the strength and durability of metal materials.
The primary types of materials used in metal injection molding include stainless steel, low-alloy steel, soft magnetic materials, and others. Stainless steel, an iron alloy resistant to corrosion and rust, is frequently employed in metal injection molding (MIM) due to its high strength, corrosion resistance, and aesthetic appeal. The process utilizes various machines, including hydraulic, electric, and hybrid types, catering to end-users in industries such as electrical and electronics, automotive, consumer goods, industrial applications, and others.
The metal injection molding market research report is one of a series of new reports that provides metal injection molding market statistics, including metal injection molding industry global market size, regional shares, competitors with a metal injection molding market share, detailed metal injection molding market segments, market trends and opportunities, and any further data you may need to thrive in the metal injection molding industry. This metal injection molding market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The metal injection molding market includes revenues earned by entities by providing mixing, de-binding, sintering, injection molding, and part finishing services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Metal Injection Molding Market Characteristics3. Metal Injection Molding Market Trends and Strategies4. Metal Injection Molding Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Metal Injection Molding Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Metal Injection Molding Market34. Recent Developments in the Metal Injection Molding Market
5. Global Metal Injection Molding Growth Analysis and Strategic Analysis Framework
6. Metal Injection Molding Market Segmentation
7. Metal Injection Molding Market Regional and Country Analysis
8. Asia-Pacific Metal Injection Molding Market
9. China Metal Injection Molding Market
10. India Metal Injection Molding Market
11. Japan Metal Injection Molding Market
12. Australia Metal Injection Molding Market
13. Indonesia Metal Injection Molding Market
14. South Korea Metal Injection Molding Market
15. Western Europe Metal Injection Molding Market
16. UK Metal Injection Molding Market
17. Germany Metal Injection Molding Market
18. France Metal Injection Molding Market
19. Italy Metal Injection Molding Market
20. Spain Metal Injection Molding Market
21. Eastern Europe Metal Injection Molding Market
22. Russia Metal Injection Molding Market
23. North America Metal Injection Molding Market
24. USA Metal Injection Molding Market
25. Canada Metal Injection Molding Market
26. South America Metal Injection Molding Market
27. Brazil Metal Injection Molding Market
28. Middle East Metal Injection Molding Market
29. Africa Metal Injection Molding Market
30. Metal Injection Molding Market Competitive Landscape and Company Profiles
31. Metal Injection Molding Market Other Major and Innovative Companies
35. Metal Injection Molding Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Metal Injection Molding Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on metal injection molding market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for metal injection molding? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The metal injection molding market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Material: Stainless Steel; Low Alloy Steel; Soft Magnetic Material; Other Materials2) By Machine Type: Hydraulic; Electric; Hybrid
3) By End-user: Electrical and Electronics; Automotive; Consumer; Industrial; Other End-Users
Subsegments:
1) By Stainless Steel: Austenitic Stainless Steel; Ferritic Stainless Steel; Martensitic Stainless Steel2) By Low Alloy Steel: Low Alloy Carbon Steel; Low Alloy Structural Steel
3) By Soft Magnetic Material: Iron-based Alloys; Cobalt-based Alloys
4) By Other Materials: Tool Steel; Copper Alloys; Titanium Alloys
Key Companies Mentioned: Molex LLC; Indo-Mim Private Limited; CMG Technologies Ltd.; GKN Ltd.; Smith Metal Products
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Molex LLC
- Indo-Mim Private Limited
- CMG Technologies Ltd.
- GKN Ltd.
- Smith Metal Products
- ASH Industries Inc.
- Rockleigh Industries Inc.
- Schunk Sintermetalltechnik GmbH
- Sandvik AB
- Tekna Manufacturing Private Limited
- PSM Industries Inc.
- Advanced Powder Products Inc.
- Alpha Precision Group
- Epson Atmix Corporation
- Hitachi Metals Ltd.
- Shanghai FUTURE HIGH-TECH Co. Ltd.
- Advanced Forming Technology
- Ametek Specialty Metal Products
- Parmatech Corporation
- WTM SOLUTIONS
- MOKO Technology
- Kinetics Climax Inc.
- Phillips-Medisize LLC
- FloMet LLC
- Advanced Technology & Materials Co. Ltd.
- Nbtm New Materials Group
- Jiangsu Gian Technology Co. Ltd.
- Shenzhen Zhucheng Science & Technology Co. Ltd.
- MDM Metal Industrial Co.Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 4.78 Billion |
| Forecasted Market Value ( USD | $ 6.98 Billion |
| Compound Annual Growth Rate | 9.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 29 |
