Global Sintered Steel Market Size Study & Forecast, by Application (Automotive and Machinery & Equipment) and Regional Forecasts 2025-2035

The Global Sintered Steel Market is valued at approximately USD 0.15 billion in 2024 and is projected to expand at a CAGR of 5.00% over the forecast period 2025-2035. Sintered steel, produced through powder metallurgy and compacted into high-strength shapes, finds extensive applications across automotive components, industrial machinery, and precision equipment. Its unique combination of mechanical strength, dimensional accuracy, and cost-effectiveness makes it highly desirable for applications requiring wear resistance, complex geometries, and high-volume production. Market growth is propelled by the increasing demand for lightweight, durable, and efficient metallic components across automotive and machinery sectors globally.

The rising focus on fuel efficiency, emission reduction, and advanced automotive technologies has accelerated the adoption of sintered steel components. Automotive manufacturers are increasingly integrating sintered steel in gears, bearings, and structural components to improve performance while reducing weight. In parallel, the machinery and equipment sector is witnessing increased deployment of sintered steel parts in industrial engines, transmission systems, and precision tooling, owing to their superior performance under high stress and wear conditions. However, market growth faces minor constraints from raw material price volatility and the availability of alternative materials such as high-strength alloys and composites.

The detailed segments and sub-segments included in the report are:

By Application:

• Automotive
• Machinery & Equipment

By Region:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico

Middle East & Africa

• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Automotive Application Expected to Dominate the Market

Within the global market, the automotive segment is projected to dominate due to the escalating demand for fuel-efficient vehicles and high-performance automotive components. Sintered steel is extensively employed in engine parts, transmission components, and braking systems, providing cost-effective solutions while maintaining high durability and precision. Meanwhile, machinery and equipment applications are gradually expanding, driven by industrial automation, precision manufacturing, and increasing adoption of energy-efficient mechanical systems, which underscores the balanced growth dynamics of the market.

Automotive Components Lead Revenue Generation

Revenue-wise, automotive applications remain the largest contributor to the market, leveraging the ability of sintered steel to meet stringent safety, performance, and regulatory standards. High-volume production requirements and demand for lightweight, durable parts have made sintered steel an indispensable material in the automotive supply chain. Machinery and equipment applications follow closely, reflecting the increasing replacement of conventional components with sintered steel parts that offer superior wear resistance and lower maintenance costs. This revenue distribution indicates a stronghold of automotive applications while industrial machinery steadily strengthens its market footprint.

North America accounted for the largest market share in 2025 due to its advanced automotive industry, established manufacturing infrastructure, and robust R&D ecosystem. Europe maintains a significant share, driven by precision engineering and industrial machinery demands. Asia Pacific is projected to register the fastest growth during the forecast period, fueled by rapid industrialization, rising vehicle production in China and India, and growing demand for high-performance industrial machinery. Latin America and the Middle East & Africa are gradually expanding their market presence as infrastructure development and automotive production increase steadily.

Major market players included in this report are:

• GKN Powder Metallurgy
• Hoganas AB
• Hitachi Metals, Ltd.
• Sumitomo Electric Industries, Ltd.
• Miba AG
• ArcelorMittal
• Kennametal Inc.
• SinterCast AB
• Schunk Group
• Sandvik AB
• AMES Companies
• Outokumpu Oyj
• Motherson Sumi Systems Ltd.
• Precision Castparts Corp.
• Imphy Sinter

Global Sintered Steel Market Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments and countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. It also provides detailed insights into the driving factors, challenges, and opportunities shaping the future growth of the market. Competitive landscapes, product offerings, and strategic initiatives of key players are analyzed to provide stakeholders with actionable intelligence for informed decision-making.

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market.