Metal Injection Molding Market Report 2026

The metal injection molding market size has grown strongly in recent years. It will grow from $4.71 billion in 2025 to $5.14 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to growth in automotive component miniaturization, demand for complex small metal parts, replacement of traditional machining processes, expansion of consumer electronics manufacturing, adoption of powder metallurgy techniques.

The metal injection molding market size is expected to see strong growth in the next few years. It will grow to $7.46 billion in 2030 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to electric vehicle component demand, lightweight and high-strength material adoption, increasing automation in manufacturing, growth of medical and precision devices, rising need for scalable mass production. Major trends in the forecast period include miniaturization of complex metal components, growing adoption of mim for high-volume precision parts, increasing use of stainless steel and soft magnetic materials, rising demand for near-net-shape manufacturing, focus on cost-efficient mass production.

Rising demand from the automotive industry is expected to drive the growth of the metal injection molding market going forward. The automotive industry includes businesses involved in the manufacturing, distribution, retail, and maintenance of automobiles. Metal injection molded parts are widely used in automotive applications such as engines, gearboxes, turbochargers, locking mechanisms, steering systems, and electrical components. For example, in February 2024, the Institute of Chartered Accountants in England and Wales, a UK-based professional and regulatory body for chartered accountants, reported that global motor vehicle sales, a key segment of the automotive industry, reached approximately 95 million units in 2024, up from 92.8 million units in 2023. Therefore, rising demand from the automotive sector is boosting the growth of the metal injection molding market.

Major companies in the metal injection molding market are focusing on developing advanced technologies, such as injection molding, which enables the production of highly complex near-net-shape metal components with micro-scale precision and tight dimensional tolerances, while supporting high-volume, repeatable manufacturing and minimizing post-processing requirements. Injection molding is a manufacturing process in which material is injected into a mold under high pressure, widely used to produce precise and consistent metal or other material components. For instance, in November 2024, Biomerics, a US-based medical device contract manufacturer, launched a vertically integrated Metal Injection Molding (MIM) service and established a dedicated MIM Center of Excellence. This service supports the production of high-precision, complex micro-metal components with near-net-shape accuracy, tight tolerances, and minimal post-processing.

In June 2023, Indo MIM Limited, an India-based metal injection molding and precision manufacturing company, acquired CMG Technologies for an undisclosed amount. Through this acquisition, Indo MIM aims to expand its global presence in the MIM market, particularly in Europe, by integrating CMG Technologies’ advanced MIM capabilities, which enable the production of complex, high-precision metal components. This strengthens Indo MIM’s ability to serve global customers with sophisticated metal parts. CMG Technologies is a UK-based company specializing in metal injection molding for high-performance and precision applications.

Major companies operating in the metal injection molding market are 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, Parmatech Corporation, WTM SOLUTIONS, Kinetics Climax Inc., 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 2025. The regions covered in the metal injection molding market report are Asia-Pacific, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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