Global Industrial MIM Part Market Growth 2025-2031
Description
The global Industrial MIM Part market size is predicted to grow from US$ 592 million in 2025 to US$ 947 million in 2031; it is expected to grow at a CAGR of 8.1% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Industrial MIM Parts are high-precision metal components manufactured using Metal Injection Molding (MIM) technology, specifically designed for use in a wide array of industrial applications. These components are typically small to medium in size and feature intricate geometries that are difficult to achieve through traditional metalworking methods such as machining, casting, or forging. MIM is a sophisticated manufacturing process that merges the material versatility of powder metallurgy with the design flexibility of plastic injection molding, enabling the cost-effective production of complex metal parts in large volumes. In industrial settings, MIM parts are utilized across diverse sectors, including automation, energy, robotics, power tools, construction equipment, machinery, and instrumentation.
The MIM process begins with a carefully formulated feedstock composed of fine metal powders (such as stainless steel, low alloy steel, titanium, or special alloys) mixed with a thermoplastic binder. This feedstock is injection molded into a tool cavity to form the desired shape, referred to as a "green part." The green part then undergoes a debinding process to remove the binder, followed by sintering at high temperatures to densify the part and achieve near-full density—often exceeding 95% of wrought metal. The end product is a component with excellent mechanical strength, corrosion resistance, and dimensional precision, often requiring little or no secondary finishing.
In the industrial sector, MIM parts are chosen for their ability to meet demanding functional and structural requirements while also reducing overall production costs. Applications range from fasteners, clamps, and brackets to gears, drive shafts, locking mechanisms, levers, cams, and housings. These parts often operate in harsh environments where they must withstand mechanical stress, chemical exposure, and temperature variations. MIM offers the advantage of producing such components with a high degree of uniformity and repeatability, which is essential in automated and high-performance industrial systems.
From a market perspective, the demand for Industrial MIM Parts is on a consistent upward trajectory, driven by increasing automation, the spread of smart manufacturing, and the growing need for miniaturization and material efficiency. As industries shift toward more compact, efficient, and intelligent systems, the use of small, high-precision metal components becomes increasingly essential. MIM technology addresses this demand by enabling complex part geometries to be produced in high volumes with minimal material waste and excellent surface finishes.
The Asia-Pacific region is the largest and fastest-growing market for industrial MIM parts, owing to its robust manufacturing base, particularly in China, Japan, South Korea, and Taiwan. These countries have made significant investments in industrial automation, consumer product manufacturing, and machinery, all of which heavily rely on high-quality components. Europe and North America also represent important markets, especially for high-precision industrial equipment, medical devices, and energy systems. In these regions, the focus is often on advanced materials, innovation, and meeting stringent regulatory and performance standards.
Technological advancements in MIM are further accelerating market growth. Improvements in feedstock formulation, sintering technologies, and computer-aided engineering have enhanced the capability of MIM to meet even tighter tolerances and more demanding application criteria. Additionally, hybrid manufacturing solutions—such as combining MIM with additive manufacturing or CNC machining—are emerging, offering manufacturers greater flexibility and customization options.
Sustainability is also becoming a significant factor in industrial manufacturing, and MIM aligns well with environmental goals. The process produces less waste compared to subtractive methods and often requires fewer post-processing steps, reducing energy consumption and emissions. Moreover, the ability to use recycled metal powders in some MIM applications adds to its eco-friendly appeal.
LP Information, Inc. (LPI) ' newest research report, the “Industrial MIM Part Industry Forecast” looks at past sales and reviews total world Industrial MIM Part sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial MIM Part sales for 2025 through 2031. With Industrial MIM Part sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial MIM Part industry.
This Insight Report provides a comprehensive analysis of the global Industrial MIM Part landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial MIM Part portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial MIM Part market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial MIM Part and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial MIM Part.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial MIM Part market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Stainless Steel
Copper Alloy
Others
Segmentation by Application:
Drill
Blade
Nozzle
Spiral Milling Cutter
Pneumatic Tool
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Indo-Mim
OptiMIM
ARC Group
Ecrimesa Group
Smith Metal Products
Netshape Technologies (MPP)
Uneec
Sintex
CMG Technologies
Future High-Tech
ATW Companies
Nippon Piston Ring
Tanfel
Schunk
Amphenol Corporation
CN Innovations
Shin Zu Shing
GIAN
Parmaco Metal Injection Molding AG
Dou Yee Technologies
Union Precision Technologies Group
Nbtm New Materials Group
KERSEN
Shenzhen Evenwin Precision Technology
Freewon China
Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial MIM Part market?
What factors are driving Industrial MIM Part market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial MIM Part market opportunities vary by end market size?
How does Industrial MIM Part break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Industrial MIM Parts are high-precision metal components manufactured using Metal Injection Molding (MIM) technology, specifically designed for use in a wide array of industrial applications. These components are typically small to medium in size and feature intricate geometries that are difficult to achieve through traditional metalworking methods such as machining, casting, or forging. MIM is a sophisticated manufacturing process that merges the material versatility of powder metallurgy with the design flexibility of plastic injection molding, enabling the cost-effective production of complex metal parts in large volumes. In industrial settings, MIM parts are utilized across diverse sectors, including automation, energy, robotics, power tools, construction equipment, machinery, and instrumentation.
The MIM process begins with a carefully formulated feedstock composed of fine metal powders (such as stainless steel, low alloy steel, titanium, or special alloys) mixed with a thermoplastic binder. This feedstock is injection molded into a tool cavity to form the desired shape, referred to as a "green part." The green part then undergoes a debinding process to remove the binder, followed by sintering at high temperatures to densify the part and achieve near-full density—often exceeding 95% of wrought metal. The end product is a component with excellent mechanical strength, corrosion resistance, and dimensional precision, often requiring little or no secondary finishing.
In the industrial sector, MIM parts are chosen for their ability to meet demanding functional and structural requirements while also reducing overall production costs. Applications range from fasteners, clamps, and brackets to gears, drive shafts, locking mechanisms, levers, cams, and housings. These parts often operate in harsh environments where they must withstand mechanical stress, chemical exposure, and temperature variations. MIM offers the advantage of producing such components with a high degree of uniformity and repeatability, which is essential in automated and high-performance industrial systems.
From a market perspective, the demand for Industrial MIM Parts is on a consistent upward trajectory, driven by increasing automation, the spread of smart manufacturing, and the growing need for miniaturization and material efficiency. As industries shift toward more compact, efficient, and intelligent systems, the use of small, high-precision metal components becomes increasingly essential. MIM technology addresses this demand by enabling complex part geometries to be produced in high volumes with minimal material waste and excellent surface finishes.
The Asia-Pacific region is the largest and fastest-growing market for industrial MIM parts, owing to its robust manufacturing base, particularly in China, Japan, South Korea, and Taiwan. These countries have made significant investments in industrial automation, consumer product manufacturing, and machinery, all of which heavily rely on high-quality components. Europe and North America also represent important markets, especially for high-precision industrial equipment, medical devices, and energy systems. In these regions, the focus is often on advanced materials, innovation, and meeting stringent regulatory and performance standards.
Technological advancements in MIM are further accelerating market growth. Improvements in feedstock formulation, sintering technologies, and computer-aided engineering have enhanced the capability of MIM to meet even tighter tolerances and more demanding application criteria. Additionally, hybrid manufacturing solutions—such as combining MIM with additive manufacturing or CNC machining—are emerging, offering manufacturers greater flexibility and customization options.
Sustainability is also becoming a significant factor in industrial manufacturing, and MIM aligns well with environmental goals. The process produces less waste compared to subtractive methods and often requires fewer post-processing steps, reducing energy consumption and emissions. Moreover, the ability to use recycled metal powders in some MIM applications adds to its eco-friendly appeal.
LP Information, Inc. (LPI) ' newest research report, the “Industrial MIM Part Industry Forecast” looks at past sales and reviews total world Industrial MIM Part sales in 2024, providing a comprehensive analysis by region and market sector of projected Industrial MIM Part sales for 2025 through 2031. With Industrial MIM Part sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial MIM Part industry.
This Insight Report provides a comprehensive analysis of the global Industrial MIM Part landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial MIM Part portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial MIM Part market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial MIM Part and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial MIM Part.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial MIM Part market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Stainless Steel
Copper Alloy
Others
Segmentation by Application:
Drill
Blade
Nozzle
Spiral Milling Cutter
Pneumatic Tool
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Indo-Mim
OptiMIM
ARC Group
Ecrimesa Group
Smith Metal Products
Netshape Technologies (MPP)
Uneec
Sintex
CMG Technologies
Future High-Tech
ATW Companies
Nippon Piston Ring
Tanfel
Schunk
Amphenol Corporation
CN Innovations
Shin Zu Shing
GIAN
Parmaco Metal Injection Molding AG
Dou Yee Technologies
Union Precision Technologies Group
Nbtm New Materials Group
KERSEN
Shenzhen Evenwin Precision Technology
Freewon China
Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial MIM Part market?
What factors are driving Industrial MIM Part market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial MIM Part market opportunities vary by end market size?
How does Industrial MIM Part break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
154 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Industrial MIM Part by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Industrial MIM Part by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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