The automotive industry is consistently focusing on the development of light weight vehicles by using innovating material composition and technologies in order to meet stringent emission norms and to meet increasing demand for enhanced fuel-efficiency. Powder metallurgy offers better design flexibility and hence, the automotive industry is aggressively adopting powder metallurgy. Different processing techniques such as pressing, hot isotactic process, metal injection molding, and rapid prototyping are employed to manufacture components.

Rising demand for light weight vehicles and stringent emission norms set by government bodies have prompted automotive manufacturers to opt powder metallurgy technology to manufacture components that have complex design and structure. Furthermore, powder metallurgy technology saves energy, improves performance, and offers greater design and manufacturing flexibility, as compared to that offered by other manufacturing process. Powder metallurgy is utilized to manufacture numerous components that are used in passenger vehicles, commercial vehicles, and two-wheelers. Increase in production of passenger vehicles is fuelling the demand for complex parts in order to enhance vehicle performance and fuel efficiency. Consequently, demand for powder metallurgy is likely to remain high, which in turn is anticipated to propel the automotive powder metallurgy market during the forecast period.

The automotive powder metallurgy market can be segmented based on application, vehicle, material, and region. Based on application, the automotive powder metallurgy market can be separated into engine parts, transmission parts, suspension system, brake system, and others. Transmission parts such as synchronizer hub, blocking ring, interlock sleeve, clutch parts, and few other components are manufactured by using power metallurgy. Furthermore, parts of automatic transmission, such as vane type and gear type pump along with few other components such as clutch plates, inner races, chain sprockets, are manufactured by using powder metallurgy. Rising demand for semi-automatic and automatic transmission is anticipated to drive the automotive powder metallurgy market during the forecast period.

In terms of vehicle, the automotive powder metallurgy market can be divided into passenger vehicle, commercial vehicle, and electric vehicle. Demand for passenger vehicles is increasing owing to rapid urbanization in developing countries coupled with the availability of attractive financing options. However, numerous components present in passenger vehicles, such as transmission parts, engine parts, and fuel system parts, are manufactured by using powder metallurgy technology. Consequently, the automotive powder metallurgy market is likely to expand during the forecast period.

In terms of material, the automotive powder metallurgy market segregated into steel and steel alloys, aluminum alloys, copper alloys, and others. Demand for aluminum alloys is increasing, owing to the trend of light weight vehicles in the automotive industry in order to achieve maximum fuel efficiency. This, in turn, is likely to boost the aluminum alloy segment during the forecast period.

In terms of region, the automotive powder metallurgy market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Adoption rate of light weight material in the automotive industry in Europe and North America is high. Development of complex parts and adoption of new technologies is high in Europe and North America. Consequently, the automotive powder metallurgy market is likely to expand during the forecast period.

Key players operating in the automotive powder metallurgy market are GKN Sinter Metals Pvt. Ltd., Pricol Limited., SUNDRAM FASTENERS LIMITED, SINTERING SOLUTIONS PVT LTD, and Keystone Powdered Metal Company.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Automotive Powder Metallurgy Market

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