Market Research Report
Powder Metallurgy: Global Markets
|Published by||BCC Research||Product code||969283|
|Published||Content info||164 Pages
Delivery time: 1-2 business days
|Powder Metallurgy: Global Markets|
|Published: October 30, 2020||Content info: 164 Pages||
The global market for powder metallurgy (PM) parts should grow from $27.6 billion in 2020 to $40.5 billion by 2025, at a compound annual growth rate (CAGR) of 8.0% during the period of 2020-2025.
The global market for ferrous metal segment should grow from $22.9 billion in 2020 to $33.7 billion by 2025, at a CAGR of 8.0% during the period of 2020-2025.
The global market for non-ferrous metal segment should grow from $4.7 billion in 2020 to $6.8 billion by 2025, at a CAGR of 8.2% during the period of 2020-2025.
This report analyzes the global and regional markets for PM parts, including manufacturer capability and demand in the regional markets. It also examines industry standards, government and industry support, and other key factors related to the upcoming demand of PM parts or components.
The report has been prepared in a simple, easy-to-understand format. Tables and figures are included to illustrate current and future market scenarios. The report also covers companies that make parts or components for various end-user industries such as automotive, railway, medical and electronics.
Market drivers within the industry are identified. The value of various PM parts/components is estimated from 2019 to 2020, and then over a five-year period from 2020 to 2025. Technological issues and trends are projected, and other influences are discussed. Furthermore, this report is based on future scenarios such as pessimistic, optimistic, and consensus, while forecasts provide information for the consensus scenario.
Since this report is an updated version of AVM007N, we have considered PM parts within the purview of the report. The PM parts business is expected to account for 80% to 90% of the global PM business. Furthermore, PM parts are the only segment in the PM business which is expected to enjoy a considerable growth rate over the coming years. This is because all the industrial manufacturers are shifting towards lighter and more efficient products.
In this report, we have also considered the impact of COVID-19 on the end-user base of PM components, which can be seen in the global as well as regional market analyses.