Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Sintered Steel Market to reach USD 31.9 billion by the end of 2030

Global Sintered Steel Market Size study & Forecast, by Steel Type (Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel), by Process (Metal Injection (Mim), Additive Manufacturing (Am), Conventional Manufacturing, Powder Forged Manufacturing), by Application (Engines, Transmissions, Bodies, Chassis, Drivetrains, Electrical Appliances, Others), by End Use Industry (Transportation, Electrical, Industrial, Others) and Regional Analysis, 2023-2030

Product Code: CMAM-30042221
Publish Date: 10-08-2023
Page: 200

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:
Ø 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.
Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Steel Type, Process, Application, End Use Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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:
Electric Appliances

By End Use Industry:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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 Growing automotive industry Growing construction and infrastructure projects
3.1.2. Market Challenges High production cost Limited design flexibility
3.1.3. Market Opportunities Growing demand for electric vehicles (EVs) 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 Steel Type breakdown estimates & forecasts, 2020-2030 Process breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 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 Key Information Overview Financial (Subject to Data Availability) Product Summary 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now