Market Research Report
Powder Metallurgy Parts
|Published by||Global Industry Analysts, Inc.||Product code||941159|
|Published||Content info||289 Pages
Delivery time: 1-2 business days
|Powder Metallurgy Parts|
|Published: July 1, 2020||Content info: 289 Pages||
Global Powder Metallurgy Parts Market to Reach $35.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Powder Metallurgy Parts estimated at US$22.5 Billion in the year 2020, is projected to reach a revised size of US$35.4 Billion by 2027, growing at aCAGR of 6.7% over the period 2020-2027. Ferrous Metals, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$30.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Ferrous Metals segment is readjusted to a revised 8.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 10.1% CAGR
The Powder Metallurgy Parts market in the U.S. is estimated at US$6.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2027 trailing a CAGR of 10.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.We bring years of research experience to this 16th edition of our report. The 289-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,