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Powder Metallurgy Parts Market 2023-32 : Industry Analysis, Size, Share, Growth And Forecast | Sumitomo Electric Industries Ltd., Allegheny Technologies Inc., AMETEK Specialty Metal Products
Powder Metallurgy Parts Market
Powder Metallurgy Parts Market Size, Growth Rate, And Forecast
The global powder metallurgy parts market size is expected to grow from $23.17 billion in 2022 to $24.82 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global powder metallurgy parts market size is expected to reach $31.62 billion in 2027 at a CAGR of 6.2%.
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Powder Metallurgy Parts Market Drivers
The growing demand for electric vehicles across the world is expected to propel the growth of the powder metallurgy parts market going forward. Electric vehicles are vehicles that are powered fully or partially by electric power and operate on an electric engine instead of a conventional combustion engine. Powder metallurgy parts, such as soft magnetic parts, are used in the electric motor which eliminates the risk of laminations.
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Powder Metallurgy Parts Market Segments
1) By Product: Ferrous Metals, Non-Ferrous Metals
2) By Fabrication Method: Pressure-Based, Sinter-Based, Hybrid
3) By Application: Industrial, Automotive, Healthcare, Electrical And Electronics, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Powder Metallurgy Parts market.
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Powder Metallurgy Parts Market Key Players
Major players in the powder metallurgy parts market are Sumitomo Electric Industries Ltd., Allegheny Technologies Inc., AMETEK Specialty Metal Products, Carpenter Technology Corporation, Daido Steel Co Ltd., Diamet Corporation, DOWA Electronics Materials Co Ltd., Erasteel SAS, H C Starck GmbH, Hitachi Chemical Co Ltd., JFE Steel Corporation, Kennametal Inc., Miba AG, PMG Holding GmbH, and Rio Tinto Metal Powders.
The Business Research Company's "Global Powder Metallurgy Parts Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Powder Metallurgy Parts Market Include:
1. Executive Summary
2. Powder Metallurgy Parts Market Characteristics
3. Powder Metallurgy Parts Market Trends And Strategies
4. Powder Metallurgy Parts Market - Macro Economic Scenario
5. Powder Metallurgy Parts Market Size And Growth
……
27. Powder Metallurgy Parts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Powder Metallurgy Parts Market
29. Powder Metallurgy Parts Market Future Outlook and Potential Analysis
30. Appendix
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