Metal Injection Molding Market : Electrical & Electronics Segment Accounted for the Largest Share

The metal injection molding market is projected to grow from USD 2.58 Billion in 2017 to USD 3.77 Billion by 2022, at a CAGR of 7.83% from 2017 to 2022.

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Electrical & electronics segment accounted for the largest share of the metal injection molding market

Based on end-use industry, the electrical & electronics segment accounted for the largest share of the metal injection molding market in 2016 due to the rising demand for small, precision, and high-volume components. The miniaturization of electronic devices has resulted in an increased demand for smaller parts with better performance at a relatively lower cost, which, in turn, is expected to drive the demand for metal injection molded parts in the electrical & electronics industry.

Asia Pacific is projected to be the fastest-growing market for metal injection molding

Based on region, the metal injection molding market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific is estimated to be the fastest-growing market for metal injection molding during the forecast period. The growth of the Asia Pacific metal injection molding market is primarily driven by the increased demand from end-use industries, such as electrical & electronics, automotive, medical & orthodontics, firearms & defense, industrial, and consumer products.

Key players operating in the metal injection molding market include Indo-MIM (India), Dynacast International (US), ARC Group Worldwide (US), Phillips-Medisize (US), Smith Metal Products (US), NetShape Technologies (US), Dean Group International (US), and CMG Technologies (UK).

Premium Insights of study: 

• Attractive Opportunities in the Metal Injection Molding Market 
• Metal Injection Molding Market, By Region 
• APAC Metal Injection Molding Market, By Country and End-Use Industry 
• Metal Injection Molding Market, By Region and End-Use Industry 
• Metal Injection Molding Market Attractiveness

Major players have adopted various strategies to expand their global presence and increase their market shares. New product launches, expansions, and acquisitions are some of the major strategies adopted by these players to enhance their business prospects in the metal injection molding market.

Companies such as ARC Group Worldwide (US), Dynacast International (US), and Indo-MIM (India) adopted expansions and new product launches to expand their regional presence and product offerings.

In March 2016, ARC Group developed a new proprietary thixomolding process. The new process utilizes the company’s expertise in magnesium injection molding and its metallurgical knowledge. This new product launch helped the company attain a competitive advantage by offering cost advantages to its customers. The company also launched online quoting and increased its capacity for proprietary rapid metal injection molding technology (RapidMIM) in June 2014. This launch helped the company streamline and accelerate the quoting process.

Indo-MIM, a leading manufacturer of metal injection molded parts, adopted the new product launch strategy to expand its product portfolio and business globally. In March 2016, it manufactured modern sensors for one of the world’s leading sensor manufacturers. The metal injection molded parts produced help enhance the fuel economy of cars. This new product launch helped the company gain higher competitiveness in the market. In February 2016, the company created an assembly of five different metal injection molded parts and machined components on a mechanical assembly line. This helped the company cater to the specific needs of its end customers.

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