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The Automotive Powder Metallurgy Components Market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analysing the growth of 7.22 and CAGR8% with a market of USD 1.06 billion by segment component (engine components, transmission components, and other components) and geography (APAC, Europe, North America, South America, and MEA) during the forecast period 2019 to 2024.
This automotive powder metallurgy components market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The automotive powder metallurgy components market report also offers information on several market vendors, including American Axle & Manufacturing Inc., Comtec Mfg. Inc., Fine Sinter Co. Ltd., Hitachi Chemical Co. Ltd., Johnson Electric Holdings Ltd., Melrose Industries PLC, Miba AG, PMG Holding GmbH, Shandong weida machinery Co. Ltd., and Sumitomo Electric Industries Ltd. among others.
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Our researcher studied the historical data for years, with 2019 as the base year, and 2020 as the estimated year, and produced drivers, trends and challenges for (Title Name). In the COVID-19 pandemic, the demand for the automotive powder metallurgy components market has been impacted a lot. A holistic analysis of drivers will help in exact demands and refining marketing strategies to gain a competitive advantage.
Key Automotive Powder Metallurgy Components Market Driver
One of the key factors driving growth in the automotive powder metallurgy components market is the increasing demand for fuel-efficient vehicles. The automotive industry is one of the key customers of PM technology due to its various benefits over traditional manufacturing methods. PM technology offers improved performance and better design flexibility. Also, auto components manufactured using this technology are light in weight and exhibit enhanced durability and reliability, thereby helping OEMs to manufacture complex components easily. Vehicle weight reduction is one of the key factors focused on by OEMs to improve the fuel efficiency of vehicles. So, this technology is increasingly being adopted by automotive OEMs to improve their products and reduce the price of production. Owing to the contribution of PM technology in the development of fuel-efficient vehicles, it is expected that the global automotive powder metallurgy components market will see healthy growth during the forecast period.
Key Automotive Powder Metallurgy Components Market Challenge
The volatility in raw material prices will be a major challenge for the automotive powder metallurgy components market during the forecast period. PM technology uses various raw materials such as powder metals or powder metal alloys. The volatility in the raw material prices represents one of the biggest challenges for PM manufacturers as it may lead to a decline in their profit margins or lower sales. Most players sell products that are undifferentiated. As price competitiveness is one of the major aspects of the market, any significant change in the prices of raw materials can be risky for PM manufacturers. Changes in prices globally can be inconducive to the cost of production of PM components, which may adversely affect the global automotive powder metallurgy components market.
This automotive powder metallurgy components market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive powder metallurgy components market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive powder metallurgy components market encompasses successful business strategies deployed by the key vendors. The automotive powder metallurgy components market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Comtec Mfg. Inc. - The company produces powder metallurgy components through powdered and/or sintered metallurgy solutions as an alternative to conventional metal part forming processes.
Comtec Mfg. Inc. -The company offers a wide range of low-cost mass-produced metal components with powdered and/or sintered metallurgy solutions as an alternative to conventional metal part forming processes. The company also manufacture sintered metal products with powder metal materials and stainless steel capabilities.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the automotive powder metallurgy components market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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47% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive powder metallurgy components in APAC. Market growth in this region will be faster than the growth of the market in the European regions.
The disposable income and the launch of new car models by OEMs will facilitate the automotive powder metallurgy components market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The automotive powder metallurgy components market share growth by the engine components segment will be significant during the forecast period. The growth in the global automotive powder metallurgy components market is expected to be driven to a large extent by the growing penetration of PM components. The global automotive industry is witnessing numerous innovations in terms of technology. It is also concerned about the efficient combustion of fuel and adherence to regulatory emission norms. The use of advanced technologies in manufacturing automotive components has resulted in a major contribution to the growth of the global automotive powder metallurgy components market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive powder metallurgy components market size and actionable market insights on post-COVID-19 impact on each segment.
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Automotive Powder Metallurgy Components Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2019 |
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Forecast period |
2020-2024 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
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Market growth 2020-2024 |
$ 1.06 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
7.22 |
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Regional analysis |
APAC, Europe, North America, South America, and MEA |
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Performing market contribution |
APAC at 47% |
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Key consumer countries |
China, US, Japan, India, and Germany |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
American Axle & Manufacturing Inc., Comtec Mfg. Inc., Fine Sinter Co. Ltd., Hitachi Chemical Co. Ltd., Johnson Electric Holdings Ltd., Melrose Industries PLC, Miba AG, PMG Holding GmbH, Shandong weida machinery Co. Ltd., and Sumitomo Electric Industries Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Component
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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