Middle East & Africa 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)
Middle East & Africa 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- 72
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 Middle East and Africa was valued at US$ 134.45 million in 2019 and is projected to reach US$ 226.34 million by 2027; it is expected to grow at a CAGR of 6.8% 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. Metal injection molding meets the difficulties associated with the manufacturing of complex medical device parts, and hence it is highly benefitting the key players. 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 Middle East & Africa. Besides, COVID-19 is anticipated to cause heavy loss in Middle East & Africa economy. Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of COVID-19. Disruptions in supply chain impacted the market growth negatively.
Key Market Segments
The Middle East & Africa Metal Injection Molding market is segmented into material and industry vertical. On the basis of material, the Middle East & Africa 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 Middle East & Africa metal injection molding market. Based on industry vertical, the Middle East & Africa 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 Middle East & Africa 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; and MPP among others.
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Middle East & Africa Metal injection molding Market Segmentation
Middle East & Africa Metal Injection Molding Market, by Material
- Stainless Steel
- Low Alloy Steel
- Soft Magnetic Material
- Others
Middle East & Africa Metal Injection Molding Market, by Industry Vertical
- Automotive
- Electrical and Electronics
- Consumer Goods
- Firearms and Defence
- Medical and Orthodontics
- Others
Middle East & Africa Metal Injection Molding Market, by Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Company Profiles
- Arc Group Worldwide
- CMG Technologies
- Molex,LLC
- MPP
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Middle East & Africa Market Segmentation
1.3.1 Middle East & Africa Metal Injection Molding Market, by Material
1.3.2 Middle East & Africa Metal Injection Molding Market, by Industry Vertical
1.3.3 Middle East & Africa 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. Middle East & Africa Metal Injection Molding Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. Middle East & Africa 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 – Middle East & Africa Market Analysis
6.1 Middle East & Africa Metal Injection Molding Market Overview
6.1.1 Middle East and Africa: Metal Injection Molding Market –Revenue and Forecast to 2027(US$ Million)
7. Middle East & Africa Metal Injection Molding Market Analysis – By Material
7.1 Overview
7.1.1 Middle East and Africa: Metal Injection Molding market, by Material
7.2 Stainless Steel
7.2.1 Overview
7.2.2 Stainless Steel: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
7.3 Low Alloy Steel
7.3.1 Overview
7.3.2 Low Alloy Steel: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Soft Magnetic Material
7.4.1 Overview
7.4.2 Soft Magnetic Material: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8. Middle East & Africa Metal Injection Molding Market Analysis – By Industry Vertical
8.1 Overview
8.1.1 Middle East and Africa: Metal Injection Molding Market, by Industry Vertical
8.2 Automotive
8.2.1 Overview
8.2.2 Automotive: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.3 Electrical and Electronics
8.3.1 Overview
8.3.2 Electrical and Electronics: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Consumer Goods
8.4.1 Overview
8.4.2 Consumer Goods: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Firearms and Defence
8.5.1 Overview
8.5.2 Firearms and Defence: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Medical and Orthodontics
8.6.1 Overview
8.6.2 Medical and Orthodontics: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
9. Middle East & Africa Metal Injection Molding Market – Country Analysis
9.1 Middle East and Africa: Metal Injection Molding Market
9.1.1 Middle East and Africa: Metal Injection Molding Market, by Key Country
9.1.1.1 South Africa: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 South Africa: Metal Injection Molding Market, by Material
9.1.1.1.2 South Africa: Metal Injection Molding Market, by Industry Vertical
9.1.1.2 Saudi Arabia: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Saudi Arabia: Metal Injection Molding Market, by Material
9.1.1.2.2 Saudi Arabia: Metal Injection Molding Market, by Industry Vertical
9.1.1.3 UAE: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 UAE: Metal Injection Molding Market, by Material
9.1.1.3.2 UAE: Metal Injection Molding Market, by Industry Vertical
9.1.1.4 Rest of Middle East and Africa: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Rest of Middle East and Africa: Metal Injection Molding Market, by Material
9.1.1.4.2 Rest of Middle East and Africa: Metal Injection Molding Market, by Industry Vertical
10. Impact of COVID-19 Pandemic on Middle East & Africa Metal Injection Molding Market
10.1 Middle East and Africa: 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 MPP
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
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Middle East and Africa Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 3. Middle East and Africa Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 4. South Africa Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 5. South Africa Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 6. Saudi Arabia Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 7. Saudi Arabia Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 8. UAE Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 9. UAE Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 10. Rest of Middle East & Africa Metal Injection Molding Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 11. Rest of Middle East & Africa Metal Injection Molding Market, by Industry Vertical – Revenue and Forecast to 2027 (USD Million)
Table 12. Glossary of Terms, Middle East & Africa Metal Injection Molding Market
LIST OF FIGURES
Figure 1. Middle East & Africa Metal Injection Molding Market Segmentation
Figure 2. Middle East & Africa Metal Injection Molding Market Segmentation – By Country
Figure 3. Middle East & Africa Metal Injection Molding Market Overview
Figure 4. Stainless Steel Segment Held Largest Share of Middle East & Africa Metal Injection Molding Market
Figure 5. Rest of Middle East & Africa Held the Largest Share of Middle East & Africa Metal Injection Molding Market
Figure 6. Metal Injection Molding Market, Industry Landscape
Figure 7. Middle East & Africa: PEST Analysis
Figure 8. Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Middle East & Africa Metal Injection Molding Market Impact Analysis of Driver and Restraints
Figure 11. Middle East and Africa: Metal Injection Molding market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Middle East and Africa: Metal Injection Molding Market Revenue Share, by Material (2019 and 2027)
Figure 13. Stainless Steel: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 14. Low Alloy Steel: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Soft Magnetic Material: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Others: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Middle East and Africa: Metal Injection Molding Market Revenue Share, by Industry Vertical (2019 and 2027)
Figure 18. Automotive: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Electrical and Electronics: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Consumer Goods: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Firearms and Defense: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Medical and Orthodontics: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Others: Middle East & Africa Metal Injection Molding Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Middle East and Africa: Metal Injection Molding Market Revenue Share, by Key Country (2019 and 2027)
Figure 25. South Africa: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 26. Saudi Arabia: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 27. UAE: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 28. Rest of Middle East and Africa: Metal Injection Molding Market –Revenue and Forecast to 2027 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- Arc Group Worldwide
- CMG Technologies
- Molex,LLC
- MPP
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