Sintered Steel Market Key Insights And Growth Scenario Coverage of Top Key Players 2020-2027

Sintered Steel Market Insights:

The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segments, including steel type, process, end-use sector, application, and regions.

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Leading Players in the Sintered Steel Market:

The Sintered Steel Market is fairly fragmented, and a number of global and regional players operating in the market are:

GKN Sinter Metals Engineering GmbH
Sintercom
Showa Denko Materials Co., Ltd.
Sumitomo Electric Industries, Ltd.
Motherson
Miba AG
Schunk Sintermetalltechnik GmbH
ASCO Sintering Co.
AMES
SMC Corporation

Sintered Steel Market drivers:

The global sintered steel market is witnessing strong growth in recent years. The factors contributing to the growth of the market include the increasing construction & transportation industry and the rising usage of electronics and electrical products worldwide. Furthermore, growing technological advancements in various industrial sectors and increasing population rate has resulted in the development of construction activities, which is supporting the market growth in the upcoming years. Moreover, the rising need for environment-friendly products among the end-users and several advantages offered by sintered steel such as high dimensional precision, high strength, weight reduction, and excellent surface finish are certain factors fuelling the growth of the market. Sintered steel offers cost benefits in comparison to other materials owing to its low maintenance requirement and high durability. On the other hand, the high cost of metal, equipment, and tooling, coupled with the difficulty in developing large or complex-shaped products, will hinder the growth of the global sintered steel market.

Based on the region, Asia-Pacific is projected to grow at a higher CAGR during the forecast period due to the growing investment in infrastructure projects in economies like India, Japan, and China, which have resulted in an upsurge in demand for sintered steel across this region. Furthermore, rapid industrialization and the growing electrical utility sector are some other factors supporting the growth of the market.

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Sintered Steel Market Segmentation:

According to the report published by GMI Research, titled “Sintered Steel Market,” the industry is predicted to witness the highest CAGR during the forecast period. The segmentation of the market is as follows:

By Steel Type:

Carbon Steel
Tool Steel
Stainless Steel
Alloy Steel

By Process:

Additive Manufacturing
Conventional Manufacturing
Metal Injection Molding
Powder Forged Manufacturing

By End-Use Sector:

Industrial
Transportation
Electrical
Others

By Application:

Chassis
Engines
Electrical Appliances
Drivetrains
Transmissions
Bodies
Others

By Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, be it small and medium enterprises or large organization. Our research team helps the clients to understand the importance and impact of the market dynamics. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use both internal and external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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