Global Automotive Powder Metallurgy Components Market Size To Exceed USD 5.19 Billion By 2035 | CAGR of 7.43%
Category: Automotive & TransportationGlobal Automotive Powder Metallurgy Components Market Size To Exceed USD 5.19 Billion By 2035
According to a research report published by Spherical Insights & Consulting, the Global Automotive Powder Metallurgy Components Market Size is Expected to Grow from USD 2.36 Billion in 2024 to USD 5.19 Billion by 2035, at a CAGR of 7.43% during the forecast period 2025-2035.
Get more details on this report -
Browse key industry insights spread across 240 pages with 150 Market data tables and figures & charts from the report on the "Global Automotive Powder Metallurgy Components Market Size, Share, and COVID-19 Impact Analysis, By Component Type (Steel Powder Components, Aluminum Powder Components, Copper Powder Components, Nickel Powder Components, Magnetic Powders, Graphite-Mixed Powders, and Others), Vehicle Type (Passenger Cars, Commercial Vehicles, and Electric Vehicles), Manufacturing Process (Press and Sintering, Metal Injection Molding (MIM), Additive Manufacturing, Hot Isostatic Pressing (HIP), and Cold Isostatic Pressing), By Application (Engine Components, Transmission Components, Brake Components, Starter & Alternator Components, Fuel System Components, Exhaust System Components, Steering & Suspension Components, Chassis & Body Parts, and Others), By End User (Original Equipment Manufacturers (OEMs), and Aftermarket Suppliers), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/automotive-powder-metallurgy-components-market
The global industry that manufactures, distributes, and utilizes parts derived from powder metallurgical techniques for the automotive sector is represented by the automotive powder metallurgy components market. Powdered metals are compacted and then sintered to create metal pieces in the process known as powder metallurgy. Processes involving powder metallurgy typically use resources more efficiently, offer more design flexibility, and are less expensive. Gears, bearings, bushings, and structural elements used in automobile engines, transmissions, trailers, and brakes are among the parts manufactured in the automotive powder metallurgy components market. The market for automotive powder metallurgy components is primarily driven by the growing demand for lightweight, fuel-efficient cars, advancements in powder metallurgy technology, accessible mass production, and growing uses in electric vehicles. The global market for automotive powder metallurgy components is anticipated to continue growing as a result of the application of PM technology in the creation of fuel-efficient automobiles. Furthermore, increased global auto production and more stringent emissions regulations are encouraging the use of advanced manufacturing processes like powder metallurgy across a range of vehicle classes. However, One significant limitation is the high initial tooling and equipment costs associated with powder metallurgy processes, which can be a barrier for small and medium-sized manufacturers.
The steel powder components segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the component type, the automotive powder metallurgy components market is divided into steel powder components, aluminum powder components, copper powder components, nickel powder components, magnetic powders, graphite-mixed powders, and others. Among these, the steel powder components segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The quality and performance of steel powder components have been further improved by developments in powder metallurgy processes, which have increased their uses in a variety of automotive systems and sustained the market.
The passenger cars segment accounted for a largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the vehicle type, the automotive powder metallurgy components market is divided into passenger cars, commercial vehicles, and electric vehicles. Among these, the passenger cars segment accounted for a largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The significant global production volume of passenger cars and the growing focus on producing lightweight, fuel-efficient components in order to meet strict environmental laws are the main drivers of the passenger car market.
The press and sintering segment accounted for a largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the manufacturing process, the automotive powder metallurgy components market is divided into press and sintering, metal injection molding (MIM), additive manufacturing, hot isostatic pressing (HIP), and cold isostatic pressing. Among these, the press and sintering segment accounted for a largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The press and sintering market is primarily driven by the process's efficiency, affordability, and capacity to create parts with exceptional mechanical qualities and dimensional precision.
The engine components segment accounted for a largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the automotive powder metallurgy components market is divided into engine components, transmission components, brake components, starter & alternator components, fuel system components, exhaust system components, steering & suspension components, chassis & body parts, and others. Among these, the engine components segment accounted for a largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The automobile industry's focus on improving engine performance and strict environmental requirements are what are driving the growth of the engine components category.
The original equipment manufacturers segment accounted for a largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end user, the automotive powder metallurgy components market is divided into original equipment manufacturers (OEMs) and aftermarket suppliers. Among these, the original equipment manufacturers segment accounted for a largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The continuing expansion is expected to be driven by OEMs' adoption of sophisticated manufacturing technologies and continued investments in research and development.
Asia Pacific is expected to hold the majority share of the global automotive powder metallurgy components market during the forecast period.
Get more details on this report -
Asia Pacific is expected to hold the majority share of the global automotive powder metallurgy components market during the forecast period. Asia-Pacific is due to its enormous consumer base, growing car production, and exporting capabilities. The region's dominant position in the market is also largely attributed to ongoing technological developments and reasonably priced labor.
North America is anticipated to grow at the fastest pace in the global automotive powder metallurgy components market during the forecast period. The use of powder metallurgy to create sustainable and energy-efficient components is being promoted by strict environmental rules and the increased emphasis on electric vehicles (EVs).
Major vendors in the global automotive powder metallurgy components market are TRIS Inc., DIAMET CORPORATION, PORITE CORPORATION, Sumitomo Electric Sintered Alloy, Ltd., Hitachi Chemical Co., Ltd., GKN Powder Metallurgy, Johnson Electric, Miba, Mahle Behr, Kurabe Industries, PMG Holding GmbH, Fine Sinter Co., Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In October 2024, Global leader in powder metallurgy and creative, environmentally friendly solutions for industrial and automotive applications, GKN Powder Metallurgy created a new generation of Porous Transport Layers (PTL) for PEM electrolysis. The solution is intended to transform the generation of hydrogen by improving efficiency and lowering the total environmental effect.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the automotive powder metallurgy components market based on the below-mentioned segments:
Global Automotive Powder Metallurgy Components Market, By Component Type
- Steel Powder Components
- Aluminum Powder Components
- Copper Powder Components
- Nickel Powder Components
- Magnetic Powders (for EV motors & sensors)
- Graphite-Mixed Powders
- Others
Global Automotive Powder Metallurgy Components Market, By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Electric Vehicles
Global Automotive Powder Metallurgy Components Market, By Manufacturing Process
- Press and Sintering
- Metal Injection Molding (MIM)
- Additive Manufacturing
- Hot Isostatic Pressing (HIP)
- Cold Isostatic Pressing
Global Automotive Powder Metallurgy Components Market, By Application
- Engine Components
- Transmission Components
- Brake Components
- Starter & Alternator Components
- Fuel System Components
- Exhaust System Components
- Steering & Suspension Components
- Chassis & Body Parts
- Others
Global Automotive Powder Metallurgy Components Market, By End User
- Original Equipment Manufacturers (OEMs)
- Aftermarket Suppliers
Global Automotive Powder Metallurgy Components Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?