Sintered Steel Market on a Growth Trajectory, Expected to Achieve $29.5 Billion by 2028

Sintered Steel Market on a Growth Trajectory, Expected to Achieve $29.5 Billion by 2028
Browse 294 market data Tables and 40 Figures spread through 269 Pages and in-depth TOC on “Sintered Steel Market”
Sintered Steel Market by Type (Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel), Process (Metal Injection Moulding, Additive Manufacturing, Conventional Manufacturing), End-Use, Application, & Region – Global Forecast 2028

The sintered steel market is projected to grow from USD 24.4 billion in 2023 to USD 29.5 billion by 2028, at a CAGR of 3.9% during the forecast period. Sintered steel offers significant advantages in terms of cost-effectiveness, precision, and durability, making it a preferred choice in the automotive sector. As these industries continue to grow, driven by population growth, urbanization, and increasing air travel, the demand for sintered steel components such as gears, bearings, and structural parts is expected to rise.

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Most manufacturers in this market are based in Asia Pacific, Europe and North America.  Sumitomo Electric Industries Limited (Japan), GKN Powder Metallurgy (UK), Samvardhana Motherson Group (India), Resonac (Japan), The Miba Group (US), ASCO Sintering Co. (US), Schunk Sinter Metals (Germany), AMES Sintering Metallic Components (Spain), and Sintercom India Ltd. (India) are among the leading players operating in the sintered steel market. These players have adopted various growth strategies to strengthen their position in the market. This include product launches, expansions and acquisitions, and new product development activities further to expand their presence in the sintered steel market.

Sumitomo Electric Industries, Ltd. (Japan)

Sumitomo Electric Industries, Ltd. is a company involved in the manufacturing and sales of electrical wires, cables, and communication wiring products. Its business operations are organized into several segments, including Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others. The Industrial Materials and Others segment includes special steel wires, cutting tools, and sintered parts. Sumitomo Electric Industries, Ltd. was established in 1897 and is headquartered in Osaka, Japan.

GKN Powder Metallurgy (UK)

GKN Powder Metallurgy is a manufacturer of engineering solutions and specializes in powder metal shaping for high-performance & high-precision components. They develop atomized metal powders for various applications. GKN Powder Metallurgy is the global leader in the production of sintered structural parts, sub-assemblies, soft magnetic components, porous products, and e-motor solutions. They operate in over 27 locations in nine countries with three global innovation centers.

Samvardhana Motherson Group (India)

Samvardhana Motherson Group Ltd. is a global automotive manufacturing company that specializes in the production of innovative automotive solutions and components. The company operates through various divisions and subsidiaries, offering a wide range of products and services to leading automotive manufacturers worldwide. Their diverse portfolio includes automotive mirrors, wiring harnesses, plastic components, modules, and a range of other automotive systems and components. Headquartered in India, the company has a global presence and serves customers in over 41 countries, solidifying its position as a key player in the automotive industry.

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Resonac (Japan)

Resonac is a major powder metal products manyfacturer. Their product portfolio is divided into four key categories: Semiconductor and Electronic Materials, Mobility, Innovation Enabling Materials, and Chemicals Segment. The Mobility segment offers automotive products, including powder metal products and automotive battery groups. These powder metal products are primarily made through sintering various metals like copper and iron below their melting points. The company operates in Asia, America, and Europe, with plans to expand globally to cater to emerging markets and other targeted regions.

The Miba Group (US)

The Miba Group is a global company specializing in automotive and industrial technology, with its headquarters in Austria. It offers high-performance components and solutions for engine and powertrain applications, as well as precision components for various industries. With a focus on innovation and advanced manufacturing, Miba is a trusted partner in delivering reliable and high-quality products to its customers worldwide.

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