Market Forecast By Material Type (Stainless Steel, Low Alloy Steel, Soft Magnetic Material, Others), By End-Use Industry (Electrical & Electronics, Automotive, Medical & Orthodontics, Consumer Products, Industrial, Firearms & Defense, Others) And Competitive Landscape
Product Code: ETC297623 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | South Korea Metal Injection Molding Market |
Forecast period | 2025-2031 |
CAGR | 6.1% |
Growing Sector | Automotive and Electronic |
The South Korea Metal Injection Molding Market report thoroughly covers the market by Material Type and By End-User Industry. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The South Korea Metal Injection Molding Market is dynamic and evolving. It is projected to attain significant growth in the coming years driven by the increasing demand in the automotive and electrical industries. The market also faces certain challenges that could impact its growth to a certain extent in the near future.
According to 6Wresearch, South Korea Metal Injection Molding Market size is expected to grow at a significant CAGR of 6.1% during 2025-2031.The South Korea Metal Injection Molding Market is primarily driven by the automotive and electronic industries, which are witnessing a rapid growth in the country. The demand for metal injection molded parts and components has increased due to their lightweight, high strength-to-weight ratio, and cost-effectiveness.
Additionally, advancements in technology and increasing investments in research and development activities have led to the development of new materials with enhanced properties, driving the market further. However, despite the positive growth prospects, the South Korea Metal Injection Molding Market also faces certain challenges that could impede its growth in the coming years. These include stringent government regulations regarding the manufacturing and use of metal components, increasing competition from alternative manufacturing methods, and concerns about the environmental impact of metal manufacturing. Moreover, high initial investment and technological complexities associated with metal injection molding are also potential hindrances for market growth. These challenges highlight the complexity and dynamic nature of market, necessitating proactive strategies to overcome them.
Some of the key players operating in the South Korea Metal Injection Molding Market include ARBURG GmbH, Engel Austria GmbH, SeongNam Precision Co., Ltd, TongYang Magic, and others. These players are implementing various strategies such as partnerships, collaborations, and product launches to gain a competitive edge in the market. Currently, ARBURG GmbH holds the dominant share in the market.
The South Korea Metal Injection Molding Market is also impacted by government regulations and policies related to the manufacturing industry. The government has implemented various initiatives to support the growth of industries such as automotive and electronics, which are major end-users of metal injection molded parts. The South Korean government has launched the 'Future Automotive Industry Development Vision' with a goal to achieve 20% global market share for electric vehicles by 2031.
The South Korea Metal Injection Molding Market is projected to witness significant growth in the coming years, driven by increasing demand in end-use industries and advancements in technology. The market is expected to witness a shift towards eco-friendly manufacturing practices and the use of sustainable materials, which will further boost its growth. Moreover, with the growing trend of miniaturization of components and advancements in additive manufacturing techniques, metal injection molding is expected to become more versatile and cater to a wider range of industries. The future of the market seems promising since a number of factors are supporting its growth.
According to Dhaval, Research Manager, 6Wresearch, Stainless Steel is expected to hold the dominant share in the South Korea Metal Injection Molding Market during the forecast period due to its wide applications across various industries.
The automotive and electronics sectors are expected to dominate the overall the South Korea Metal Injection Molding Market. This growth is driven by the high demand for precise and complex components in these industries.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Metal Injection Molding Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Metal Injection Molding Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Metal Injection Molding Market - Industry Life Cycle |
3.4 South Korea Metal Injection Molding Market - Porter's Five Forces |
3.5 South Korea Metal Injection Molding Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.6 South Korea Metal Injection Molding Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 South Korea Metal Injection Molding Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Metal Injection Molding Market Trends |
6 South Korea Metal Injection Molding Market, By Types |
6.1 South Korea Metal Injection Molding Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 South Korea Metal Injection Molding Market Revenues & Volume, By Material Type, 2021 - 2031F |
6.1.3 South Korea Metal Injection Molding Market Revenues & Volume, By Stainless Steel, 2021 - 2031F |
6.1.4 South Korea Metal Injection Molding Market Revenues & Volume, By Low Alloy Steel, 2021 - 2031F |
6.1.5 South Korea Metal Injection Molding Market Revenues & Volume, By Soft Magnetic Material, 2021 - 2031F |
6.1.6 South Korea Metal Injection Molding Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 South Korea Metal Injection Molding Market, By End-Use Industry |
6.2.1 Overview and Analysis |
6.2.2 South Korea Metal Injection Molding Market Revenues & Volume, By Electrical & Electronics, 2021 - 2031F |
6.2.3 South Korea Metal Injection Molding Market Revenues & Volume, By Automotive, 2021 - 2031F |
6.2.4 South Korea Metal Injection Molding Market Revenues & Volume, By Medical & Orthodontics, 2021 - 2031F |
6.2.5 South Korea Metal Injection Molding Market Revenues & Volume, By Consumer Products, 2021 - 2031F |
6.2.6 South Korea Metal Injection Molding Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.2.7 South Korea Metal Injection Molding Market Revenues & Volume, By Firearms & Defense, 2021 - 2031F |
7 South Korea Metal Injection Molding Market Import-Export Trade Statistics |
7.1 South Korea Metal Injection Molding Market Export to Major Countries |
7.2 South Korea Metal Injection Molding Market Imports from Major Countries |
8 South Korea Metal Injection Molding Market Key Performance Indicators |
9 South Korea Metal Injection Molding Market - Opportunity Assessment |
9.1 South Korea Metal Injection Molding Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.2 South Korea Metal Injection Molding Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 South Korea Metal Injection Molding Market - Competitive Landscape |
10.1 South Korea Metal Injection Molding Market Revenue Share, By Companies, 2024 |
10.2 South Korea Metal Injection Molding Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |