Sintered Steel Trends and Forecast
The future of the global sintered steel market looks promising with opportunities in the engine, transmission, body, chassis, drivetrain, and electrical appliance markets. The global sintered steel market is expected to reach an estimated $26.4 billion by 2030 with a CAGR of 3.6% from 2024 to 2030. The major drivers for this market are increasing demand for high-strength materials, rising industrial and manufacturing sector, and expanding usage of this steel in automobile sector.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sintered Steel by Segment
The study includes a forecast for the global sintered steel by process, steel type, application, end use, and region.
Sintered Steel Market by Process [Shipment Analysis by Value from 2018 to 2030]:
• Metal Injection Molding
• Additive Manufacturing
• Conventional Manufacturing
• Powder Forged Manufacturing
Sintered Steel Market by Steel Type [Shipment Analysis by Value from 2018 to 2030]:
• Stainless Steel
• Carbon Steel
• Alloy Steel
• Tool Steel
Sintered Steel Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Engines
• Transmissions
• Bodies
• Chassis
• Drivetrains
• Electrical Appliances
• Others
Sintered Steel Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Transportation
• Electrical
• Industrial
• Others
Sintered Steel Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sintered Steel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sintered steel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sintered steel companies profiled in this report include-
• Sumitomo Electric Industries
• GKN Powder Metallurgy
• Samvardhana Motherson Group
• Resonac
• The Miba Group
• ASCO Sintering
• Schunk Sinter Metals
Sintered Steel Market Insights
Lucintel forecasts that additive manufacturing is expected to witness the highest growth over the forecast period.
Within this market, engine is expected to witness the highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Sintered Steel Market
Market Size Estimates: Sintered steel market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sintered steel market size by various segments, such as by process, steel type, application, end use, and region in terms of value ($B).
Regional Analysis: Sintered steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different processes, steel types, applications, end uses, and regions for the sintered steel market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sintered steel market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sintered steel market size?
Answer: The global sintered steel market is expected to reach an estimated $26.4 billion by 2030.
Q2. What is the growth forecast for sintered steel market?
Answer: The global sintered steel market is expected to grow with a CAGR of 3.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sintered steel market?
Answer: The major drivers for this market are increasing demand for high-strength materials, rising industrial and manufacturing sector, and expanding usage of this steel in automobile sector.
Q4. What are the major segments for sintered steel market?
Answer: The future of the sintered steel market looks promising with opportunities in the engine, transmission, body, chassis, drivetrain, and electrical appliance markets.
Q5. Who are the key sintered steel market companies?
Answer: Some of the key sintered steel companies are as follows:
• Sumitomo Electric Industries
• GKN Powder Metallurgy
• Samvardhana Motherson Group
• Resonac
• The Miba Group
• ASCO Sintering
• Schunk Sinter Metals
Q6. Which sintered steel market segment will be the largest in future?
Answer: Lucintel forecasts that additive manufacturing is expected to witness the highest growth over the forecast period.
Q7. In sintered steel market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sintered steel market by process (metal injection molding, additive manufacturing, conventional manufacturing, and powder forged manufacturing), steel type (stainless steel, carbon steel, alloy steel, and tool steel), application (engines, transmissions, bodies, chassis, drivetrains, electrical appliances, and others), end use (transportation, electrical, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Sintered Steel Market, Sintered Steel Market Size, Sintered Steel Market Growth, Sintered Steel Market Analysis, Sintered Steel Market Report, Sintered Steel Market Share, Sintered Steel Market Trends, Sintered Steel Market Forecast, Sintered Steel Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.