Europe Powdered Metallurgy Components Market Report Description:
Europe powdered metallurgy components market report gives comprehensive outlook on powdered metallurgy components across the region with special emphasis on key countries such as Germany, UK, France, Russia, Spain, and Rest of Europe. The report on Europe powdered metallurgy components market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and countries. This report studies Europe powdered metallurgy components market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Europe powdered metallurgy components market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Europe powdered metallurgy components market to better equip clients with possible investment opportunities across the countries (countries Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Europe powdered metallurgy components market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Europe powdered metallurgy components products.
Europe Powdered Metallurgy Components Market:
The Europe Powdered Metallurgy Components market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Powder metallurgy components market finds a wide range of application in automotive systems such as anti-lock braking systems (abs) – sensor rings, oil pumps, (particularly gears) shock absorbers (piston valves, end valves), continuously variable transmissions, exhaust gas recirculation (egr) systems, turbochargers, exhaust systems – flanges, oxygen sensor bosses, chassis components, variable valve timing systems. Components which are required in large production quantities is considered to be one of the vital markets for powder metallurgy components. In addition, it also is also preferred in various end user industries. These factors drives the growth of market. However, the volatility in the prices of raw materials restraints the market growth.
Rising Demand from Healthcare and Automotive Sector
The healthcare sector finds a prominent role in powdered metallurgy components market. Healthcare sector is the leading market for powdered metallurgy components. This can be attributed to growing use of these components in the healthcare sector that encloses components which can be prepared through powder-based routes such as producing customized medical implants by means of additive manufacturing plus producing porous implant structures (to match bone stiffness and to aid osteo-integration) by PM dispensation (MIM, Press/Sinter PM etc.) of materials encompassing space-holder trappings that are detached after forming. Metal injection molding through which many surgical instruments and dental implants are produced. Rare earth permanent magnets which are processed from powders are used, large quantity in MRI scanners. Automotive sector is the lucrative market for powdered metallurgy components. It accounts for a major share of about 80% of sales predominantly for automotive applications.
Germany Accounts for Larger Market Revenue Share in Europe Powdered Metallurgy Components Market
Europe is considered to be the frontier in powder metallurgy components market. Upsurge in inventiveness to curb carbon emission and schemes to produce lightweight parts of vehicles drives the growth of market in this region. Germany is the leader in this region due to increasing technological advancements and accumulation of large number of automotive manufacturing industries.
Key player’s profiles in the Europe powdered metallurgy components market include:
- Perry Tool & Research, Inc.
- Comtec Mfg., Inc.
- Webster-Hoff Corporation
- Vision Quality Components, Inc.
- Catalus Corporation
- Embassy Powdered Metals
- Powder Metallurgy Company, Inc.
- Hitachi Chemical
- Carpenter Technology
- Fine Sinter
Key players in powder metallurgy components market enhance their product portfolio and consumer base by adopting striking market strategy like collaborations, acquisitions, technological innovations, among others. For instance, February 2018: Carpenter Technology Corporation has announced that it has acquired MB CalRAM LLC, a leader in power-bed fusion additive manufacturing metal printing services. This acquisition is expected to provide direct entry into the rapidly expanding part production segment of the additive manufacturing value chain.
Key Findings of the Report:
- Europe powdered metallurgy components market expanding at significant CAGR over 2019 to 2025 due to growing automotive industry.
- Based on application, healthcare and automotive segment accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in Europe powdered metallurgy components market
By Product Type
By Application Type
- Oil and gas industry
- Rest of Europe