Asia Pacific Metal Injection Molding Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material (Stainless Steel, Low Alloy Steel, Soft Magnetic Material, and Others) and Industry Vertical (Automotive, Electrical and Electronics, Consumer Goods, Firearms and Defense, Medical and Orthodontics, and Others)
Asia Pacific Metal Injection Molding Market Forecast to 2027 – COVID-19 Impact and Analysis – By Material (Stainless Steel, Low Alloy Steel, Soft Magnetic Material, and Others) and Industry Vertical (Automotive, Electrical and Electronics, Consumer Goods, Firearms and Defense, Medical and Orthodontics, and Others)
Number of Pages- 81
Market Introduction
Metal injection molding is a flexible, cost effective process and innovative process that provides versatility to the product designers and production engineers while using metal alloys. Metal act as a good substitute for plastic and ceramics components that are incapable of performing as per the requirement. The metal injection molding focusses on quality, precision and is a process which is closely monitored to meet the requirements. When a metal alloy is chosen for a specific application, the geometry of the component gets limited by the cost of shaping operations. The metal injection molding helps in overcoming this issue with the formation of the net shape parts in the tool. The metal injection molding offer benefits like resistance to wear & corrosion, thermal stability, high mechanical strength, and dimensional stability.
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Market Overview and Dynamics
The metal injection molding market in Asia Pacific was valued at US$ 1,136.28 million in 2019 and is projected to reach US$ 2,042.72 million by 2027; it is expected to grow at a CAGR of 7.7% from 2020 to 2027. Metal injection molding is used to manufacture various medical components, surgical instruments ad orthodontics. Medical equipment manufacturers are designing and developing lighter and more intricate products with hard-to-machine materials such as austenitic, martensitic, and precipitation-hardened stainless steel, titanium, and nickel-free alloys. Instruments such as dissectors, knives, conchotomes, scalpels, and spreaders for minimally invasive surgeries are becoming lighter and offer greater freedom of movement. Currently, the demand for surgical devices is increasing tremendously due to the rising number of surgeries owing to the increasing accident rates, sports injuries, and cardiac surgeries. Thus, it is projected that the rising number of surgeries will require more surgical devices, thereby helping the growth of the metal injection molding market.
However, high cost of raw materials may hinder metal injection molding growth in Asia Pacific. Besides, COVID-19 is anticipated to cause heavy loss in Asia Pacific economy. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. Till now, India has the highest number of COVID -19 confirmed cases followed by Indonesia, Japan and Malaysia.
Key Market Segments
The Asia Pacific Metal Injection Molding market is segmented into material and industry vertical. On the basis of material, the Asia Pacific metal injection molding market is segmented into stainless steel, low alloy steel, soft magnetic material, and others. In 2019, the stainless steel segment dominated the Asia Pacific metal injection molding market. Based on industry vertical, the Asia Pacific metal injection molding market is segmented into automotive, electrical and electronics, consumer goods, firearms and defense, medical and orthodontics, and others. The automotive segment is expected to grow at the fastest growth rate during the forecast period of 2020-2027.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the metal injection molding market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Arc Group Worldwide; CMG Technologies; Molex,LLC; INDO-MIM; MPP ; Shanghai Future Group; and Form Technologies among others.
Reasons to buy report
- To understand the Asia Pacific metal injection molding market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific metal injection molding market
- Efficiently plan M&A and partnership deals in Asia Pacific metal injection molding market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific metal injection molding market
- Obtain market revenue forecast for market by various segments from 2017-2027 in Asia Pacific region.
Asia Pacific Metal injection molding Market Segmentation
Asia Pacific Metal Injection Molding Market, by Material
- Stainless Steel
- Low Alloy Steel
- Soft Magnetic Material
- Others
Asia Pacific Metal Injection Molding Market, by Industry Vertical
- Automotive
- Electrical and Electronics
- Consumer Goods
- Firearms and Defence
- Medical and Orthodontics
- Others
Asia Pacific Metal Injection Molding Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Company Profiles
- Arc Group Worldwide
- CMG Technologies
- Molex,LLC
- INDO-MIM
- MPP
- Shanghai Future Group
- Form Technologies
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Asia Pacific Market Segmentation
1.3.1 Asia Pacific Metal Injection Molding Market, by Material
1.3.2 Asia Pacific Metal Injection Molding Market, by Industry Vertical
1.3.3 Asia Pacific Metal Injection Molding Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Metal Injection Molding Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
5. Asia Pacific Metal Injection Molding Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Various Advantages Offered by Metal Injection Molding
5.1.2 Greater Utilization of the Technology by Automotive and Electronics Industry
5.2 Market Restraints
5.2.1 High Cost of Raw Materials
5.3 Market Opportunities
5.3.1 Rising Defense Spending by Various Countries
5.4 Future Trends
5.4.1 Increasing Demand for Surgical Devices and Equipment
5.5 Impact Analysis of Drivers and Restraints
6. Metal Injection Molding – Asia Pacific Market Analysis
6.1 Asia Pacific Metal Injection Molding Market Overview
6.2 Asia Pacific: Metal Injection Molding Market – Revenue and Forecast to 2027(US$ Million)
7. Asia Pacific Metal Injection Molding Market Analysis – By Material
7.1 Overview
7.2 Asia Pacific: Metal Injection Molding Market, by Material
7.3 Stainless Steel
7.3.1 Overview
7.3.2 Stainless Steel: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Low Alloy Steel
7.4.1 Overview
7.4.2 Low Alloy Steel: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Soft Magnetic Material
7.5.1 Overview
7.5.2 Soft Magnetic Material: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8. Asia Pacific Metal Injection Molding Market Analysis – By Industry Vertical
8.1 Overview
8.2 Asia Pacific: Metal Injection Molding Market, by Industry Vertical
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Electrical and Electronics
8.4.1 Overview
8.4.2 Electrical and Electronics: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Consumer Goods
8.5.1 Overview
8.5.2 Consumer Goods: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Firearms and Defence
8.6.1 Overview
8.6.2 Firearms and Defence: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Medical and Orthodontics
8.7.1 Overview
8.7.2 Medical and Orthodontics: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
9. Asia Pacific Metal Injection Molding Market – Country Analysis
9.1 Asia Pacific: Metal Injection Molding market
9.1.1 Asia Pacific: Metal Injection Molding Market, by Key Country
9.1.1.1 Australia: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Australia: Metal Injection Molding Market, by Material
9.1.1.1.2 Australia: Metal Injection Molding Market, by Industry Vertical
9.1.1.2 China: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 China: Metal Injection Molding Market, by Material
9.1.1.2.2 China: Metal Injection Molding Market, by Industry Vertical
9.1.1.3 Japan: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Japan: Metal Injection Molding Market, by Material
9.1.1.3.2 Japan: Metal Injection Molding Market, by Industry Vertical
9.1.1.4 India: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 India: Metal Injection Molding Market, by Material
9.1.1.4.2 India: Metal Injection Molding Market, by Industry Vertical
9.1.1.5 South Korea: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 South Korea: Metal Injection Molding Market, by Material
9.1.1.5.2 South Korea: Metal Injection Molding Market, by Industry Vertical
9.1.1.6 Rest of Asia Pacific: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Metal Injection Molding Market, by Material
9.1.1.6.2 Rest of Asia Pacific: Metal Injection Molding Market, by Industry Vertical
10. Impact of COVID-19 Pandemic on Asia Pacific Metal Injection Molding Market
10.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Strategy & Business Planning
11.3 Merger and Acquisition
12. Key Company Profiles
12.1 Arc Group Worldwide
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Service
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 CMG Technologies
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
12.3 Molex, LLC
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
12.4 INDO-MIM
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
12.5 MPP
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
12.6 Shanghai Future Group
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
12.7 Form Technologies
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Asia Pacific Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 3. Asia Pacific Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 4. Australia Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 5. Australia Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 6. China Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 7. China Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 8. Japan Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 9. Japan Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 10. India Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 11. India Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 12. South Korea Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 13. South Korea Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 14. Rest of APAC Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 15. Rest of APAC Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 16. Glossary of Terms, Asia Pacific Metal Injection Molding Market
LIST OF FIGURES
Figure 1. Asia Pacific Metal Injection Molding Market Segmentation
Figure 2. Asia Pacific Metal Injection Molding Market Segmentation – By Country
Figure 3. Asia Pacific Metal Injection Molding Market Overview
Figure 4. Stainless Steel Segment Held Largest Share of Asia Pacific Metal Injection Molding Market
Figure 5. China Held the Largest Share of Asia Pacific Metal Injection Molding Market
Figure 6. Metal Injection Molding Market, Industry Landscape
Figure 7. APAC: PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Asia Pacific Metal Injection Molding Market Impact Analysis of Driver and Restraints
Figure 11. Asia Pacific: Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Asia Pacific: Metal Injection Molding Market Revenue Share, by Material (2019 and 2027)
Figure 13. Stainless Steel: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Low Alloy Steel: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Soft Magnetic Material: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Others: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Asia Pacific: Metal Injection Molding Market Revenue Share, by Industry Vertical (2019 and 2027)
Figure 18. Automotive: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Electrical and Electronics: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Consumer Goods: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Firearms and Defense: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Medical and Orthodontics: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Others: Asia Pacific Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Asia Pacific: Metal Injection Molding Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. Australia: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. China: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 27. Japan: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 28. India: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 29. South Korea: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 30. Rest of Asia Pacific: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Arc Group Worldwide
- CMG Technologies
- Molex,LLC
- INDO-MIM
- MPP
- Shanghai Future Group
- Form Technologies
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific metal injection molding market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific metal injection molding market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the metal injection molding market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.