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
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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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Metal Injection Molding Market – By Material
1.3.2 Europe Metal Injection Molding Market – By Industry Vertical
1.3.3 Europe metal injection molding Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Metal Injection Molding Market Landscape
4.1 Market Overview
4.1.1 Europe PEST Analysis
5. Europe Metal Injection Molding Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Various Advantages Offered by Metal Injection Molding
5.1.2 Greater Utilization of the Technology by Automotive and Electronics Industry
5.2 Market Restraints
5.2.1 High Cost of Raw Materials
5.3 Market Opportunities
5.3.1 Rising Defense Spending by Various Countries
5.4 Future Trends
5.4.1 Increasing Demand for Surgical Devices and Equipment
5.5 Impact Analysis
6. Metal Injection Molding – Europe Market Analysis
6.1 Europe Metal Injection Molding Market Overview
6.2 Europe metal injection molding Market Forecast and Analysis
7. Metal Injection Molding Market – By Material
7.1 Overview
7.2 Metal Injection Molding Market Breakdown, by Material, 2019 and 2027
7.3 Stainless Steel
7.3.1 Overview
7.3.2 Metal Injection Molding Market for Stainless Steel, Revenue and Forecasts to 2027 (US$ MN)
7.4 Low Alloy Steel
7.4.1 Metal Injection Molding Market for Low Alloy Steel, Revenue and Forecast to 2027 (US$ MN)
7.5 Soft Magnetic Material
7.5.1 Metal Injection Molding Market for Soft Magnetic Material, Revenue and Forecast to 2027 (US$ MN)
7.7 Others
7.7.1 Metal Injection Molding Market for Others, Revenue and Forecast to 2027 (US$ MN)
8. Europe Metal Injection Molding Market Analysis – By Industry Vertical
8.1 Overview
8.2 Europe Metal Injection Molding Market Breakdown, by Industry Vertical, 2019 and 2027
8.3 Automotive
8.3.1 Overview
8.3.2 Metal Injection Molding Market for Automotive, Revenue and Forecast to 2027 (US$ MN)
8.4 Electrical and Electronics
8.4.1 Overview
8.4.2 Metal Injection Molding Market for Electrical and Electronics, Revenue and Forecast to 2027 (US$ MN))
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Metal Injection Molding Market for Consumer Goods, Revenue and Forecast to 2027 (US$ MN))
8.6 Firearms and Defence
8.6.1 Overview
8.6.2 Metal Injection Molding Market for Firearms and Defence, Revenue and Forecast to 2027 (US$ MN))
8.7 Medical and Orthodontics
8.7.1 Overview
8.7.2 Metal Injection Molding Market for Medical and Orthodontics, Revenue and Forecast to 2027 (US$ MN))
8.8 Others
8.8.1 Overview
8.8.2 Metal Injection Molding Market for Others, Revenue and Forecast to 2027 (US$ MN))
9. Metal Injection Molding Market – Country Analysis
9.1 Overview
9.1.1 Europe metal injection molding Market Breakdown, by Key Countries
9.1.1.1 Germany: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Germany: Metal Injection Molding Market, by Material
9.1.1.1.2 Germany: Metal Injection Molding Market, by Industry Vertical
9.1.1.2 France: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 France: Metal Injection Molding Market, by Material
9.1.1.2.2 France: Metal Injection Molding Market, by Industry Vertical
9.1.1.3 Italy: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Italy: Metal Injection Molding Market, by Material
9.1.1.3.2 Italy: Metal Injection Molding Market, by Industry Vertical
9.1.1.4 UK: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 UK: Metal Injection Molding Market, by Material
9.1.1.4.2 UK: Metal Injection Molding Market, by Industry Vertical
9.1.1.5 Russia: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 Russia: Metal Injection Molding Market, by Material
9.1.1.5.2 Russia: Metal Injection Molding Market, by Industry Vertical
9.1.1.6 Rest of Europe: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Europe: Metal Injection Molding Market, by Material
9.1.1.6.2 Rest of Europe: Metal Injection Molding Market, by Industry Vertical
9.2 Europe: Impact Assessment of COVID-19 Pandemic
10. Company Profiles
10.1 Arc Group Worldwide
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Service
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.2 CMG Technologies
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.3 Dean Group International
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.4 Molex, LLC
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.5 INDO-MIM
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.6 MPP
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.7 Sintex A/S
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.8 Form Technologies
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe metal injection molding Market Revenue and Forecasts to 2027 (US$ Million)
Table 2. Germany Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 3. Germany Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 4. France Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 5. France Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 6. Italy Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 7. Italy Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 8. UK Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 9. UK Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 10. Russia Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 11. Russia Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 12. Rest of Europe Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 13. Rest of Europe Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 14. Glossary of Terms, Metal Injection Molding Market
LIST OF FIGURES
Figure 1. Europe Metal Injection Molding Market Segmentations
Figure 2. Europe Metal Injection Molding Market Segmentation – By Country
Figure 3. Europe Metal Injection Molding Market Overview
Figure 4. Stainless Steel Held Largest Share in Europe Metal Injection Molding Market By Material
Figure 5. Germany Dominated The Europe Metal Injection Molding Market in 2019
Figure 6. Europe Metal Injection Molding Market, Industry Landscape
Figure 7. Europe – Pest Analysis
Figure 8. Impact Analysis of Drivers and Restraints
Figure 9. Europe metal injection molding Market Forecast and Analysis, (US$ Million)
Figure 10. Metal Injection Molding Market Breakdown, by Material, 2019 and 2027 (%)
Figure 11. Metal Injection Molding Market for Stainless Steel, Revenue and Forecast, 2017–2027 (US$ MN)
Figure 12. Metal Injection Molding Market for Low Alloy Steel, Revenue and Forecast to 2027 (US$ MN)
Figure 13. Metal Injection Molding Market for Soft Magnetic Material l, Revenue and Forecast to 2027 (US$ MN)
Figure 14. Metal Injection Molding Market for Others, Revenue and Forecast to 2027 (US$ MN)
Figure 15. Europe Metal Injection Molding Market Breakdown by Industry Vertical, 2019 and 2027 (%)
Figure 16. Metal Injection Molding Market for Automotive, Revenue and Forecast to 2027 (US$ MN)
Figure 17. Metal Injection Molding Market for Electrical and Electronics, Revenue and Forecast to 2027 (US$ MN)
Figure 18. Metal Injection Molding Market for Consumer Goods, Revenue and Forecast to 2027 (US$ MN)
Figure 19. Metal Injection Molding Market for Firearms and Defence, Revenue and Forecast to 2027 (US$ MN)
Figure 20. Metal Injection Molding Market for Medical and Orthodontics, Revenue and Forecast to 2027 (US$ MN)
Figure 21. Metal Injection Molding Market for Others, Revenue and Forecast to 2027 (US$ MN)
Figure 22. Europe metal injection molding Market Breakdown by Key Countries, 2019 & 2027(%)
Figure 23. Germany: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 24. France: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 25. Italy: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. UK: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 27. Russia: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of Europe: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic In Europe Country Markets
- Arc Group Worldwide
- CMG Technologies
- Dean Group International
- Molex, LLC
- INDO-MIM
- MPP
- Sintex A/S
- Form Technologies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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