Powdered Metallurgy Components Market: By Product Type, By Application and Geography

Powdered Metallurgy Components Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Bronze, Steel, Iron, Brass, Copper, Aluminum), By Application (Aerospace, Airframe, Oil and gas industry, Healthcare) and Region

Powdered Metallurgy Components Market size was valued at US$ 2.98 billion in 2023 and is expected to grow at a CAGR of 12.2% from 2024-2030. The global market provides a detailed overview of the global powdered metallurgy components market, and that can be segmented by product type and by application. By product type, the global powdered metallurgy components market has been segmented into Bronze, Steel, Iron, Brass, Copper Powder, and Aluminium. The Steel segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the forecasted years. It is attributed to the low cost of steel and the high availability of steel in the market. Steel has various uses in various industries such as the printing of large products, including machines, car frames, and transport equipment and also it can be used as spare parts and fully functional components. Based on application, the global powdered metallurgy components market is segmented into Aerospace, Airframe, Oil and gas industry, and Healthcare. Among these, the Aerospace segment is expected to have the fastest-growing market during the forecast period 2022-2028 according to precision business insights. The high investments in the aerospace industry and the high adoption rate of new technologies are boosting the market growth in this segment at a faster rate. Powder metallurgy components has various applications in the automotive industry such as anti-lock braking systems (abs)  sensor rings, oil pumps, gears, shock absorbers, piston valves, etc. continuously variable transmissions, exhaust gas recirculation systems, turbochargers, exhaust systems flanges, oxygen sensor bosses, chassis components, variable valve timing systems. However, the volatility in the prices of raw materials may hamper the global market growth.

Powdered Metallurgy Components Market Key Development:
  • In Sept 2022, Boeings Hypersonics Challenge project focuses on PM refractory metal matrix composites.
  • In Aug 2022, Hyperion Materials & Technologies launched a new business Precision Solutions by Hyperion which will focus on precision components solutions.    

Global Powdered Metallurgy Components Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

12.2%

Largest Market

Asia-Pacific

Fastest Growing Market

North-America

Powdered Metallurgy Components Market Dynamics

Growing healthcare sector and increasing additive manufacturing in the medical, automotive, and aerospace & defense sectors are anticipated to propel the market growth over the forecast years.

Global Powdered Metallurgy Components Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 2.98 billion

Market CAGR

12.2%

By Product Type

  • Bronze
  • Steel
  • Iron
  • Brass
  • Copper
  • Aluminum

By Application

  • Aerospace
  • Airframe
  • Oil and gas industry
  • Healthcare

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The powdered metallurgy components market size was valued at US$ 2.98 billion in 2023

The powdered metallurgy components market key players are: 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

The powdered metallurgy components market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Author image

Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

1. Executive Summary
2. Global Powdered Metallurgy Components  Introduction 
2.1.Global Powdered Metallurgy Components   - Taxonomy
2.2.Global Powdered Metallurgy Components   - Definitions
2.2.1.Product Type 
2.2.2.Application
2.2.3.Region
3. Global Powdered Metallurgy Components  Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Powdered Metallurgy Components  Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Powdered Metallurgy Components   By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Bronze
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Steel
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Iron
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Brass
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Copper
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Aluminum
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6. Global Powdered Metallurgy Components   By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Aerospace
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Airframe
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Oil and gas industry
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Healthcare
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7. Global Powdered Metallurgy Components   By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America Powdered Metallurgy Components  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Product Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Bronze
8.1.2.Steel
8.1.3.Iron
8.1.4.Brass
8.1.5.Copper
8.1.6.Aluminum
8.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Aerospace
8.2.2.Airframe
8.2.3.Oil and gas industry
8.2.4.Healthcare
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9. Europe Powdered Metallurgy Components  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Bronze
9.1.2.Steel
9.1.3.Iron
9.1.4.Brass
9.1.5.Copper
9.1.6.Aluminum
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Aerospace
9.2.2.Airframe
9.2.3.Oil and gas industry
9.2.4.Healthcare
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10. Asia Pacific (APAC) Powdered Metallurgy Components  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Bronze
10.1.2.Steel
10.1.3.Iron
10.1.4.Brass
10.1.5.Copper
10.1.6.Aluminum
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Aerospace
10.2.2.Airframe
10.2.3.Oil and gas industry
10.2.4.Healthcare
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) Powdered Metallurgy Components  ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Bronze
11.1.2.Steel
11.1.3.Iron
11.1.4.Brass
11.1.5.Copper
11.1.6.Aluminum
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Aerospace
11.2.2.Airframe
11.2.3.Oil and gas industry
11.2.4.Healthcare
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America Powdered Metallurgy Components, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Bronze
12.1.2.Steel
12.1.3.Iron
12.1.4.Brass
12.1.5.Copper
12.1.6.Aluminum
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Aerospace
12.2.2.Airframe
12.2.3.Oil and gas industry
12.2.4.Healthcare
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Perry Tool & Research, Inc.
13.2.2.Comtec Mfg., Inc.
13.2.3.Webster-Hoff Corporation
13.2.4.Vision Quality Components, Inc.
13.2.5.Catalus Corporation
13.2.6.Embassy Powdered Metals
13.2.7.Powder Metallurgy Company, Inc.
13.2.8.Hitachi Chemical
13.2.9.Carpenter Technology
13.2.10.Fine Sinter
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • 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

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