ResearchMoz
presents professional and in-depth study of "Powder Metallurgy
Components Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2018 - 2026".
The Powder Metallurgy Components market is witnessing new opportunities in industrial and consumer applications. New avenues in the next few years are likely to be fueled by the diversity of demand of end-use industries. A growing body of research in recent years have focused on improving the toxicity profile of chemicals, thereby propelling its acceptance. Substantial advances have been made in the synthesis of key product types, thereby fueling the prospects of the Powder Metallurgy Components market. Key players are expected to pour money into developing economies, as maturing demand in developed regions may lower their profitability in the near future. Established players in the Powder Metallurgy Components market are expected to enter into long-term partnerships and agreements, make strategic mergers, and focus on acquisitions, to get access to new production technologies.
The Powder Metallurgy Components market is witnessing new opportunities in industrial and consumer applications. New avenues in the next few years are likely to be fueled by the diversity of demand of end-use industries. A growing body of research in recent years have focused on improving the toxicity profile of chemicals, thereby propelling its acceptance. Substantial advances have been made in the synthesis of key product types, thereby fueling the prospects of the Powder Metallurgy Components market. Key players are expected to pour money into developing economies, as maturing demand in developed regions may lower their profitability in the near future. Established players in the Powder Metallurgy Components market are expected to enter into long-term partnerships and agreements, make strategic mergers, and focus on acquisitions, to get access to new production technologies.
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Powder
metallurgy is used to process powdered feedstock to manufacture
various types of components across several industries globally.
Powder metallurgy is a preferred manufacturing process for various
structured parts due to its cost effectiveness. These components are
used in various applications such as transmission components, belt
pulleys, and engine parts. Powder metallurgy components are also
utilized to manufacture filters that require greater strength and
shock resistance. These components are employed in the production of
machinery parts such as gears, bushes, bearings, sprockets, rotors,
and magnets. Additionally, powder metallurgy components are used to
manufacture hardware, business machines, household appliances,
industrial motors, hydraulics, and hand tools. Rapid technological
advancements in electronic and computer components is likely to
increase the demand for aluminum and titanium-based powder metals
during the forecast period.
Based
on product, the powder metallurgy components market has been
classified into ferrous metals and non-ferrous metals. The ferrous
metals segment has been further sub-segmented into iron and steel.
The non-ferrous metals segment has been further bifurcated into
aluminum and others (including copper, nickel, cobalt, and tungsten).
The ferrous metals segment leads the global powder metallurgy
components market. In terms of application, the global powder
metallurgy components market has been categorized into automotive,
medical, industrial, aerospace, and others (including electrical &
electronics). High fuel efficiency through improvement in engine
performance, weight reduction, and alternative or supplemental power
systems is boosting the demand for powder metallurgy components in
the automotive segment. Additionally, increase in production of
electric motors and small sintered parts for the usage in various
industrial machineries is expected to propel the demand for powder
metal components in the industrial segment during the forecast
period. Rise in usage of powder metals in the manufacture of airframe
and engine structures, components, and assemblies is anticipated to
propel the demand for these components in aerospace applications
during the forecast period.
Based
on region, the global powder metallurgy components market has been
segregated into North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. North America dominates the global
powder metallurgy components market, followed by Asia Pacific. The
powder metallurgy components market in Asia Pacific and the U.S. has
been expanding significantly owing to the increase in automotive
output and government initiatives for reducing carbon emissions.
Technological breakthrough in the development of powdered metal for
additive manufacturing has opened up new avenues for advancements in
several industries such as aerospace and automotive. This is expected
to create lucrative opportunities for the market players across the
globe in the next few years. The market in Asia Pacific is
anticipated to expand at a significant CAGR owing to the growth in
automobile and electrical & electronic industries. China and
India are major consumers of powder metallurgy components. The market
in emerging economies is likely to expand at a substantial pace,
while that in developed economies in Europe is anticipated to expand
at a moderate pace during the forecast period. Sales of powder
metallurgy components are anticipated to be moderate in Latin America
and Middle East & Africa during the forecast period. However,
capacity expansion by various automakers and increase in demand for
industrial machinery are estimated to propel the market in these
regions.
The
report analyzes and forecasts the powder metallurgy components market
at the global and regional levels. The market has been projected in
terms of volume (tons) and value (US$ Mn) for the period from 2018 to
2026. The study includes drivers and restraints of the global powder
metallurgy components market. It also covers the anticipated impact
of these drivers and restraints on the demand for powder metallurgy
components during the forecast period. The report highlights
opportunities for the expansion of the powder metallurgy components
market at the global and regional levels.
The
report comprises detailed value chain analysis, which provides a
comprehensive view of the global powder metallurgy components market.
The Porter’s Five Forces model for the powder metallurgy components
market has also been included to help understand the competition
landscape of the market. The study encompasses market attractiveness
analysis, wherein product and application segments have been
benchmarked based on their market size, growth rate, and general
attractiveness.
The
study provides a decisive view of the global powder metallurgy
components market by segmenting it in terms of product, application,
and region. These segments have been analyzed based on the present
and future trends. Regional segmentation includes the current and
forecast demand for powder metallurgy components in North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report also covers individual application segments of the market
in every region.
The
study includes profiles of major companies operating in the global
powder metallurgy components market. Key players profiled in the
report are GKN Hoeganaes, Sumitomo Electric Company Ltd, and Hitachi
Chemical Company Ltd, American Axle & Manufacturing Holdings,
Inc. (Metaldyne Performance Group), Fine Sinter Co Ltd, SHW AG, and
Stackpole International Inc. These players account for a major share
of the global powder metallurgy components market. Brand promotions
and launch of new products are likely to increase sales of powder
metallurgy components in the next few years. Market leaders look for
measures such as strategic pricing and product improvement to
increase their market share.
The
report provides size (in terms of volume and value) of the global
powder metallurgy components market for the base year 2017 and the
forecast for the period between 2018 and 2026. Market numbers have
been estimated based on product, application, and regional segments.
Market size and forecast for each product and application segment
have been provided for the global and regional markets.
Global
Powder Metallurgy Components Market, by Product
- Ferrous Metals
- Iron
- Steel
- Non-ferrous Metals
- Aluminum
- Others (including Copper, Tungsten, and Nickel)
Global
Powder Metallurgy Components Market, by Application
- Automotive
- Transmission Parts
- Gears
- Synchronizers
- Others (including Oil Bearings, Clutch, and Pocket Plates)
- Engine Parts
- Oil Pumps
- Water Pumps
- Vacuum Pumps
- VVT
- Sprockets, Gears, Pulleys, Belt Pulleys
- Crankshaft Bearing Caps
- Others (including Sensor Rings, Valve Seat Inserts, and Balancer Gears)
- Chassis Parts
- Shock Absorbers
- Steering Components
- Others (including Turbochargers and Exhaust Systems)
- Others (including Electrical components and Sensor Rings for Anti-lock Braking Systems (ABS))
- Aerospace
- Medical
- Industrial
- Power Tools
- Others (including Mining Tools)
- Others (including Electrical & Electronics)
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