North America Isostatic Pressing Market Forecast to 2030 - Regional Analysis - by Offering (Systems and Services), Type, and Application (Automotive, Aerospace and Defense, Precision Machine Manufacturing, Medical, Energy and Power, and Others)

Description

List of Tables

The North America isostatic pressing market was valued at US$ 2,134.38 million in 2022 and is expected to reach US$ 3,920.87 million by 2030; it is estimated to register a CAGR of 7.9% from 2022 to 2030.

Growing Industrialization Fuels North America Isostatic Pressing Market

Growing industrialization has led to a heightened demand for advanced materials with specific properties such as enhanced strength, wear resistance, and thermal stability. Isostatic pressing is a key manufacturing process for shaping and consolidating these materials. In the aerospace industry, where components require high strength and lightweight properties, isostatic pressing is used to manufacture intricate parts from advanced materials such as titanium, alloys, and ceramics. Industrialization has driven the adoption of powder metallurgy techniques, and isostatic pressing is integral to this process. It allows for efficient shaping and consolidation of metal powders to produce high-performance components. For example, in automotive manufacturing, isostatic pressing is utilized to shape and consolidate metal powders for producing components such as gears, bushings, and connecting rods with superior mechanical properties. As industries become more specialized, there is an increasing need for precision and consistency in the production of components. Isostatic pressing ensures uniform density and accurate shaping, meeting stringent quality requirements. In the medical sector, isostatic pressing is employed to manufacture precise and consistent components such as dental implants and prosthetics, where accuracy is crucial for optimal performance. A combination of factors, including government policy, entrepreneurial ambitions, and labor-saving inventions, can drive industrialization. Thus, the growing industrialization is driving the isostatic pressing market by creating demand for advanced materials, precision-manufactured components, efficient powder metallurgy, metal matrix composites, and supporting additive manufacturing.

North America Isostatic Pressing Market Overview

The North America isostatic pressing market is segmented into the US, Canada, and Mexico. The North America aviation industry would continue to generate relatively higher profits from the US because of the presence of many aircraft OEMs in the US. The country is the world's largest aircraft manufacturer. With the launch and purchase of new aircraft, several contracts and agreements are routinely signed among aircraft providers, airlines, and defense agencies. These factors are fueling the demand for aircrafts in North America significantly. According to the General Aviation Manufacturer's Association (GAMA), in 2020, 1,312 Piston Aircraft were delivered in the US; this number increased to 1,409 in 2021. Similarly, ~443 Turboprop Aircraft were delivered in 2020, and the number reached 527 in 2021. Also, 674 helicopters were delivered in 2020 which raised to 860 in 2021. Isostatic pressing is extensively used in the aerospace industry. Hot Isostatic Pressing (HIP) is used to remove porosity from a large range of nickel-based superalloy and titanium precision castings for structural components and aircraft engines. Aerospace materials that typically can be densified using HIP, such as aluminum alloy castings, metal matrix composites (MMCs), cobalt-chromium alloy castings, stainless steel castings, alloy steel castings, nickel and cobalt-based superalloy castings, and titanium alloy castings. Therefore, with the growing aerospace industry, the demand for isostatic pressing is increasing.

North America Isostatic Pressing Market Revenue and Forecast to 2030 (US$ Million)

North America Isostatic Pressing Market Segmentation

The North America isostatic pressing market is categorized into offering, type, application, and country.

Based on offering, the North America isostatic pressing market is bifurcated into systems and services. The systems segment held a larger market share in 2022.

In terms of type, the North America isostatic pressing market is segmented into hot isostatic pressing (HIP), cold isostatic pressing (CIP), and warm isostatic pressing (WIP). The hot isostatic pressing (HIP) segment held the largest market share in 2022. Furthermore, the hot isostatic pressing (HIP) segment is sub segmented into large sized, medium sized, and small sized. Additionally, the cold isostatic pressing (CIP) segment is bifurcated into dry bag pressing and wet bag pressing.

Based on application, the North America isostatic pressing market is segmented into automotive, aerospace and defense, precision machine manufacturing, medical, energy and power, and others. The automotive segment held the largest market share in 2022.

By country, the North America isostatic pressing market is segmented into the US, Canada, and Mexico. The US dominated the North America isostatic pressing market share in 2022.

American Isostatic Presses Inc; Bodycote Plc; EPSI Inc; Fluitron, Inc.; Hiperbaric USA Corp; Kennametal Inc.; Kobe Steel Ltd; Nikkiso Co Ltd; and Pressure Technology Inc are some of the leading companies operating in the North America isostatic pressing market.

Product Code: BMIRE00030504

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. North America Isostatic Pressing Market Landscape

4.1 Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Providers:
- 4.3.2 System Manufacturer:
- 4.3.3 End Users:
- 4.3.4 List of Vendors in Value Chain

5. North America Isostatic Pressing Market - Key Industry Dynamics

5.1 North America Isostatic Pressing Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Growing Industrialization
- 5.2.2 Expanding Aerospace and Defense Sector
- 5.2.3 Increasing Adoption of Additive Manufacturing
5.3 Market Restraints
- 5.3.1 High Initial Investment
- 5.3.2 Labor Shortage
5.4 Market Opportunities
- 5.4.1 Growing Demand For Low-Cost Titanium and its Alloys in The Automotive Industry
- 5.4.2 Increasing Technological Advancement
5.5 Future Trends
- 5.5.1 Green Manufacturing
5.6 Impact of Drivers and Restraints:

6. Isostatic Pressing Market - North America Market Analysis

6.1 North America Isostatic Pressing Market Revenue (US$ Million), 2020 - 2030
6.2 North America Isostatic Pressing Market Forecast and Analysis

7. North America Isostatic Pressing Market Analysis - Offering

7.1 Systems
- 7.1.1 Overview
- 7.1.2 Systems Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Services
- 7.2.1 Overview
- 7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)

8. North America Isostatic Pressing Market Analysis - Type

8.1 Hot Isostatic Pressing (HIP)
- 8.1.1 Overview
- 8.1.2 Hot Isostatic Pressing (HIP) Market, Revenue and Forecast to 2030 (US$ Million)
  - 8.1.2.1 Large Sized
    - 8.1.2.1.1 Overview
    - 8.1.2.1.2 Large Sized Market, Revenue and Forecast to 2030 (US$ Million)
  - 8.1.2.2 Medium Sized
    - 8.1.2.2.1 Overview
    - 8.1.2.2.2 Medium Sized Market, Revenue and Forecast to 2030 (US$ Million)
  - 8.1.2.3 Small Sized
    - 8.1.2.3.1 Overview
    - 8.1.2.3.2 Small Sized Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Cold Isostatic Pressing (CIP)
- 8.2.1 Overview
- 8.2.2 Cold Isostatic Pressing (CIP) Market, Revenue and Forecast to 2030 (US$ Million)
  - 8.2.2.1 Dry Bag Pressing
    - 8.2.2.1.1 Overview
    - 8.2.2.1.2 Dry Bag Pressing Market, Revenue and Forecast to 2030 (US$ Million)
  - 8.2.2.2 Wet Bag Pressing
    - 8.2.2.2.1 Overview
    - 8.2.2.2.2 Wet Bag Pressing Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Warm Isostatic Pressing (WIP)
- 8.3.1 Overview
- 8.3.2 Warm Isostatic Pressing (WIP) Market, Revenue and Forecast to 2030 (US$ Million)

9. North America Isostatic Pressing Market Analysis - Application

9.1 Automotive
- 9.1.1 Overview
- 9.1.2 Automotive Market, Revenue and Forecast to 2030 (US$ Million)
9.2 Aerospace and Defense
- 9.2.1 Overview
- 9.2.2 Aerospace and Defense Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Precision Machine Manufacturing
- 9.3.1 Overview
- 9.3.2 Precision Machine Manufacturing Market, Revenue and Forecast to 2030 (US$ Million)
9.4 Medical
- 9.4.1 Overview
- 9.4.2 Medical Market, Revenue and Forecast to 2030 (US$ Million)
9.5 Energy & Power
- 9.5.1 Overview
- 9.5.2 Energy and Power Market, Revenue and Forecast to 2030 (US$ Million)
9.6 Others
- 9.6.1 Overview
- 9.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)

10. North America Isostatic Pressing Market - Country Analysis

10.1 North America Isostatic Pressing Market
- 10.1.1 North America Isostatic Pressing Market, by Key Country
  - 10.1.1.1 US: North America Isostatic Pressing Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.1.1.1.1 US: North America Isostatic Pressing Market Breakdown by Offering
    - 10.1.1.1.2 US: North America Isostatic Pressing Market, by Type
    - 10.1.1.1.3 US: North America Isostatic Pressing Market, by Application
  - 10.1.1.2 Canada: North America Isostatic Pressing Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.1.1.2.1 Canada North America Isostatic Pressing Market Breakdown by Offering
    - 10.1.1.2.2 Canada: North America Isostatic Pressing Market, by Type
    - 10.1.1.2.3 Canada: North America Isostatic Pressing Market, by Application
  - 10.1.1.3 Mexico: North America Isostatic Pressing Market - Revenue, and Forecast to 2030 (US$ Million)
    - 10.1.1.3.1 Mexico North America Isostatic Pressing Market Breakdown by Offering
    - 10.1.1.3.2 Mexico: North America Isostatic Pressing Market, by Type
    - 10.1.1.3.3 Mexico: North America Isostatic Pressing Market, by Application

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 American Isostatic Presses Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Bodycote Plc
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 EPSI Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Fluitron, Inc.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Hiperbaric USA Corp
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Kennametal Inc.
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Kobe Steel Ltd
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Nikkiso Co Ltd
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Pressure Technology Inc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Word Index