Global Sintered Steel Market is valued approximately at USD 23.5 billion in 2022 and is anticipated to grow with a growth rate of more than 3.9% over the forecast period 2023-2030. Sintered steel refers to a specialized metal manufacturing process that involves compacting metal powders under high pressure and then subjecting them to controlled heat to fuse the particles together, resulting in a solid and durable material. This process eliminates the need for traditional machining or casting methods and enables the production of complex shapes and precise components with excellent strength, dimensional accuracy, and cost-effectiveness. Sintered steel finds application in various industries, including automotive, aerospace, industrial machinery, and electrical appliances, where it offers lightweight properties, enhanced structural integrity, and the ability to meet specific performance requirements. The driving factors boosting the market growth are growing automotive industry and growing construction and infrastructure projects.
According to Statista, in 2021, the global market for automotive manufacturing was estimated to be worth USD 2.86 trillion. In 2022, the market is anticipated to increase to over USD 2.95 trillion. Moreover, growing demand for electric vehicles (EVs) and technological advancement in powder metallurgy may create lucrative opportunities for the market growth. However, the high production costs and limited design flexibility stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Sintered Steel Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share due to the rising demand for lightweight materials, high-quality and precision parts in the automotive & aerospace industries. However, Asia Pacific region is expected to be the fastest growing region during the forecast period, owing to factors such as increasing disposable income, rapid industrialization and urbanization, and increasing consumption of sintered steel in various end-use industries.
Major market player included in this report are:
- Sumitomo Electric Industries Limited
- GKN Powder Metallurgy
- Samvardhana Motherson Group
- The Miba Group
- ASCO Sintering Co.
- Schunk Sinter Metals
- AMES Sintering Metallic Components
- Sintercom India Ltd.
- Changsha Hualiu Metal Powders Ltd
- United States Metal Powders
Recent Developments in the Market:
- In May 2023, Sumitomo Electric Industries, Ltd. Collaborated with the National Institute of Information and Communications Technology (NICT) and achieved a significant development in optical fiber technology.
- In March 2023, Sumitomo Electric Industries Ltd. and US Cone Ltd. have signed a legally binding licence agreement that will enable Sumitomo Electric Lightwave Corp. to manufacture MMC connector and TMT ferrule components for use in the deployment of next-generation, high-density, multi-fiber cable solutions.
Global Sintered Steel Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Steel Type, Process, Application, End Use Industry, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Steel Type:
- Stainless Steel
- Carbon Steel
- Alloy Steel
- Tool Steel
By Process:
- Metal Injection Molding (Mim)
- Additive Manufacturing (Am)
- Conventional Manufacturing
- Powder Forged Manufacturing
By Application:
- Engines
- Transmissions
- Bodies
- Chassis
- Drivetrains
- Electric Appliances
- Others
By End Use Industry:
- Transportation
- Electrical
- Industrial
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Sintered Steel Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Sintered Steel Market, by Steel Type, 2020-2030 (USD Billion)
- 1.2.3. Sintered Steel Market, by Process, 2020-2030 (USD Billion)
- 1.2.4. Sintered Steel Market, by Application, 2020-2030 (USD Billion)
- 1.2.5. Sintered Steel Market, by End Use Industry, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Sintered Steel Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Sintered Steel Market Dynamics
- 3.1. Sintered Steel Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing automotive industry
- 3.1.1.2. Growing construction and infrastructure projects
- 3.1.2. Market Challenges
- 3.1.2.1. High production cost
- 3.1.2.2. Limited design flexibility
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing demand for electric vehicles (EVs)
- 3.1.3.2. Technological advancement in powder metallurgy
Chapter 4. Global Sintered Steel Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Sintered Steel Market, by Steel Type
- 5.1. Market Snapshot
- 5.2. Global Sintered Steel Market by Steel Type, Performance - Potential Analysis
- 5.3. Global Sintered Steel Market Estimates & Forecasts by Steel Type 2020-2030 (USD Billion)
- 5.4. Sintered Steel Market, Sub Segment Analysis
- 5.4.1. Stainless Steel
- 5.4.2. Carbon Steel
- 5.4.3. Alloy Steel
- 5.4.4. Tool Steel
Chapter 6. Global Sintered Steel Market, by Process
- 6.1. Market Snapshot
- 6.2. Global Sintered Steel Market by Process, Performance - Potential Analysis
- 6.3. Global Sintered Steel Market Estimates & Forecasts by Process 2020-2030 (USD Billion)
- 6.4. Sintered Steel Market, Sub Segment Analysis
- 6.4.1. Metal Injection Molding (Mim)
- 6.4.2. Additive Manufacturing (Am)
- 6.4.3. Conventional Manufacturing
- 6.4.4. Powder Forged Manufacturing
Chapter 7. Global Sintered Steel Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Sintered Steel Market by Application, Performance - Potential Analysis
- 7.3. Global Sintered Steel Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Sintered Steel Market, Sub Segment Analysis
- 7.4.1. Engines
- 7.4.2. Transmissions
- 7.4.3. Bodies
- 7.4.4. Chassis
- 7.4.5. Drivetrains
- 7.4.6. Electric Appliances
- 7.4.7. Others
Chapter 8. Global Sintered Steel Market, by End Use Industry
- 8.1. Market Snapshot
- 8.2. Global Sintered Steel Market by End Use Industry, Performance - Potential Analysis
- 8.3. Global Sintered Steel Market Estimates & Forecasts by End Use Industry 2020-2030 (USD Billion)
- 8.4. Sintered Steel Market, Sub Segment Analysis
- 8.4.1. Transportation
- 8.4.2. Electrical
- 8.4.3. Industrial
- 8.4.4. Others
Chapter 9. Global Sintered Steel Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Sintered Steel Market, Regional Market Snapshot
- 9.4. North America Sintered Steel Market
- 9.4.1. U.S. Sintered Steel Market
- 9.4.1.1. Steel Type breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Process breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. End Use Industry breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Sintered Steel Market
- 9.5. Europe Sintered Steel Market Snapshot
- 9.5.1. U.K. Sintered Steel Market
- 9.5.2. Germany Sintered Steel Market
- 9.5.3. France Sintered Steel Market
- 9.5.4. Spain Sintered Steel Market
- 9.5.5. Italy Sintered Steel Market
- 9.5.6. Rest of Europe Sintered Steel Market
- 9.6. Asia-Pacific Sintered Steel Market Snapshot
- 9.6.1. China Sintered Steel Market
- 9.6.2. India Sintered Steel Market
- 9.6.3. Japan Sintered Steel Market
- 9.6.4. Australia Sintered Steel Market
- 9.6.5. South Korea Sintered Steel Market
- 9.6.6. Rest of Asia Pacific Sintered Steel Market
- 9.7. Latin America Sintered Steel Market Snapshot
- 9.7.1. Brazil Sintered Steel Market
- 9.7.2. Mexico Sintered Steel Market
- 9.8. Middle East & Africa Sintered Steel Market
- 9.8.1. Saudi Arabia Sintered Steel Market
- 9.8.2. South Africa Sintered Steel Market
- 9.8.3. Rest of Middle East & Africa Sintered Steel Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Sumitomo Electric Industries Limited
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. GKN Powder Metallurgy
- 10.3.3. Samvardhana Motherson Group
- 10.3.4. The Miba Group
- 10.3.5. ASCO Sintering Co.
- 10.3.6. Schunk Sinter Metals
- 10.3.7. AMES Sintering Metallic Components
- 10.3.8. Sintercom India Ltd.
- 10.3.9. Changsha Hualiu Metal Powders Ltd
- 10.3.10. United States Metal Powders
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption