Europe Metal Injection Molding Market Outlook and Strategic Insights by 2027

The Europe metal injection molding market was valued at US$ 409.60 Million in 2019 and is projected to reach US$ 708.72 Million by 2027; it is expected to grow at a CAGR of 7.2% from 2020 – 2027.

Metal injection molding is a flexible, cost effective process and innovative process that provides versatility to the product designers and production engineers while using metal alloys. Metal act as a good substitute for plastic and ceramics components that are incapable of performing as per the requirement. The metal injection molding focusses on quality, precision and is a process which is closely monitored to meet the requirements. When a metal alloy is chosen for a specific application, the geometry of the component gets limited by the cost of shaping operations. The metal injection molding helps in overcoming this issue with the formation of the net shape parts in the tool. The metal injection molding offer benefits like resistance to wear & corrosion, thermal stability, high mechanical strength, and dimensional stability.

The Germany contributed to the largest share in the Europe metal injection molding market. The automotive sector in Germany is one of the significant consumers of metal injection molded parts. High strength, high complexity parts are employed in engines, turbochargers, gearboxes, steering systems, locking mechanisms, electronic systems, etc. Germany has developed the automotive industry and is one of the largest manufacturers of lightweight vehicles. The lightweight vehicle market is witnessing tremendous development in the country. The demand for vehicles ‘Made in Germany’ is growing consistently. Germany is one of the major automotive markets in Europe, which helps in the country's market progression.

Europe Metal Injection Molding Market

Market Insights

Greater Utilization of the Technology by Automotive and Electronics Industry

Metal injection molding is highly exploited by industries such as automotive, electrical, and electronics. It is highly utilized in the production of consumer electronics. Metal injection molding is gaining momentum in the electronics industry due to the rising demand for small and complex parts in the industry coupled with the increasing demand for the miniaturization of electronics devices. Metal injection molding is utilized to manufacture Apple’s Lightning Connector, a component that is produced in huge numbers. MIM is also used to produce fiber-optic parts, cold plates, heat sinks, and mobile phone parts. For the past few years, the production of portable computing devices, cellular phones, and other personal electronic devices has increased exponentially. The proliferating smartphone market offers immense possibilities for metal injection molding. Hence, the rise in the adoption of these products drives the metal injection molding industry's expansion.

The tremendous growth of the automobile industry is another factor that drives the market growth. Currently, the automotive sector is a significant consumer of metal injection molded parts. High complexity, high strength parts are used in engines, turbochargers, gearboxes, steering systems, locking mechanisms, and electronic systems. The demand for molded miniature products is escalating in the automotive sector, attributed to their high strength and complexity in their structures. The developed automotive industry, especially in counties such as Germany, is fueling market progression.

Material Market Insights

The Europe metal injection molding market is segmented on the basis of material into stainless steel, low alloy steel, soft magnetic material, and others. The stainless steelsegment holds the largest share of the market in 2019. Metal injection molding makes use of metal powders like stainless steel. Stainless steel has good stiffness, wear, and corrosion resistance properties. Stainless steel is widely used injection molding materials. The stainless steel components that are employed in metal injection molding possess high wear & corrosion stability. The metal injection molding (MIM) process enhancing the strength, achieves high densities, corrosion resistance, and flexibility of stainless steels. These materials are produced from elementally blended or pre-alloyed stainless steels, including ferritic, austenitic, and precipitation hardening grades. The utilization of metal injection molding for stainless-steel has been steadily increasing in the automotive and medical instruments sector. The initial use and overall success of the metal-injection-molded orthodontic brackets demonstrated the corrosion resistance and biocompatibility of injection-molded stainless steel applications.  

Industry Vertical Market Insights

The Europe metal injection molding market is segmented on the basis of industry vertical into automotive, electrical and electronics, consumer goods, firearms and defense, medical and orthodontics, and others. The automotive segment dominated the Europe metal injection molding market in 2019. Metal injection molding is a new and innovative process conducted under a six sigma controlled environment. It provides a cost-effective production method of the metal parts used in the automotive industry. The traditional metal injection molding application has been on small net-shaped parts that exhibit design and the economic benefit over the cast or wrought components. Metal injection molding is applied in various automotive applications like the rocker arms, brake components, numerous fittings and connectors, and injector nozzles. The primary materials used in this metal injection molding system are stainless steel, low alloy steel, soft magnetic material, and other metal alloys. The metal injection molding also combines several cast and machine components into single cost-effective products, which further eliminates many manufacturing steps.

Europe Metal Injection Molding Market, by Material – 2019 and 2027

Report Spotlights

• Progressive industry trends in the Europe metal injection molding market that help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the Europe metal injection molding market from 2017 to 2027
• Estimation of Europe metal injection molding demand across various industries
• Recent developments to understand the market competition and Europe demand
• Market trends and outlook, coupled with factors driving and restraining the growth of the Europe metal injection molding market
• Insights to help decision-making process by providing understanding of strategies that underpin commercial interest with regard to the Europe metal injection molding market growth

• Europe metal injection molding market size at various nodes of market
• Detailed overview and segmentation of the Europe metal injection molding market, as well as its dynamics in the industry

Europe Metal Injection Molding Market – By Material

• Stainless Steel
• Low Alloy Steel
• Soft Magnetic Material
• Others

Europe Metal Injection Molding Market – By Industry Vertical

• Automotive
• Electrical and Electronics
• Consumer Goods
• Firearms and Defense
• Medical and Orthodontics
• Others

Company Profiles

• Arc Group Worldwide
• CMG Technologies
• Dean Group International
• Molex, LLC
• INDO-MIM
• MPP
• Sintex A/S
• Form Technologies

Europe Metal Injection Molding Report Scope