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Add to CartSintered Steel Market
By Steel Type;
Tool Steel, Stainless Steel, Carbon Steel and Alloy SteelBy Process;
Conventional Manufacturing, Metal Injection Molding, Additive Manufacturing and Powder Forged ManufacturingBy Application;
Engines, Transmissions, Bodies, Chassis, Drivetrains, Electrical Appliances and OthersBy End Use Sector;
Transportation, Industrial, Electrical and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Sintered Steel Market Overview
Sintered Steel Market (USD Million)
Sintered Steel Market was valued at USD 28,314.04 million in the year 2024. The size of this market is expected to increase to USD 36,760.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.8%.
Sintered Steel Market
*Market size in USD million
CAGR 3.8 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 3.8 % |
| Market Size (2024) | USD 28,314.04 Million |
| Market Size (2031) | USD 36,760.66 Million |
| Market Concentration | High |
| Report Pages | 333 |
Major Players
- Sumitomo Electric Industries Limited
- GKN PLC
- Samvardhana Motherson Group
- Hitachi Chemical
- The Miba Group
- ASCO Sintering Co.
- Schunk Sinter Metals
- AMES Sintered Metallic Components
- Sintercom India Limited
- SMC Corporation
- Capstan Inc.
- Federal-Mogul Goetze (India) Limited
- SSI Sintered Specialties
- Fine Sinter Co. Ltd.
- Technymon Global Bearing Technologies
- Sintex Rethinking Components
- Pacific Sintered Metals
- Mfs-Sintering
- Atlas Pressed Metals
- Allied Sinterings, Inc.
- Alpha Precision Group
- Coldwater Sintered Metal Products
- Phoenix Sintered Metals LLC
- Callo Sintermetall AB
- Precision Sintered Metals
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Sintered Steel Market
Fragmented - Highly competitive market without dominant players
The Sintered Steel Market is witnessing notable momentum driven by its extensive utilization in automotive and industrial applications. The material's ability to deliver high durability and cost-efficiency positions it as a preferred choice in engineering components. Nearly 38% of total usage is concentrated in structural assemblies, highlighting its functional reliability.
Material Advantages
Sintered steel components provide enhanced density, wear resistance, and dimensional precision, making them ideal for complex, high-performance parts. Around 22% of manufacturers have observed notable efficiency gains upon adopting sintered steel over traditional alternatives. This shift is especially significant in heavy-duty and safety-focused industries.
Technology Integration
Adoption of additive manufacturing and laser-based sintering has increased production precision and speed. These advancements have delivered up to 30% improvements in operational efficiency across manufacturing units. Automation in sintering workflows is further supporting consistent part quality and scalable production.
Outlook and Innovation
Continued investment in eco-friendly production and advanced metallurgy is expected to define the market’s future. With around 35% of companies pursuing sustainability-aligned strategies, sintered steel is set to play a vital role in next-generation component manufacturing. The market trajectory points toward innovation-driven demand growth.
Sintered Steel Market Recent Developments
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In January 2023, leading functional‐materials specialists Showa Denko and Showa Denko Materials (formerly Hitachi Chemical) completed a strategic merger, forming a powerhouse focused on advanced functional materials and driving innovation in global sintered steel applications.
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In June 2024, US‐based private equity firm Continuim Equity Partners acquired Innovative Sintered Metals, Inc., integrating specialized powder metallurgy capabilities and expanding its footprint in high‑precision sintered metal components for industrial markets.
Sintered Steel Market Segment Analysis
In this report, the Sintered Steel Market has been segmented by Steel Type, Process, , Application, End-Use Sector, and Geography.
Sintered Steel Market, Segmentation by Steel Type
The Sintered Steel Market has been segmented by Steel Type into Tool Steel, Stainless Steel, Carbon Steel, and Alloy Steel.
Tool Steel
Tool steel is widely used in applications requiring high hardness and resistance to wear. It is extensively adopted in cutting tools, dies, and molds. Approximately 28% of the sintered steel demand is attributed to this segment, driven by growth in industrial tooling and high-precision manufacturing environments.
Stainless Steel
Stainless steel is favored for its corrosion resistance and strength, especially in automotive, medical devices, and kitchenware. It accounts for around 24% of the total market share due to its extensive use in components that require both durability and aesthetic appeal.
Carbon Steel
Carbon steel is among the most cost-effective materials in the sintered steel category and is used extensively in structural parts, gears, and bushings. With roughly 30% market share, its popularity stems from its high strength-to-cost ratio and broad applicability in general engineering.
Alloy Steel
Alloy steel offers enhanced properties by incorporating elements like chromium, nickel, and molybdenum. This type is mainly used in applications requiring greater toughness and heat resistance. It comprises nearly 18% of the sintered steel market, particularly in automotive transmission systems and heavy machinery.
Sintered Steel Market, Segmentation by Process
The Sintered Steel Market has been segmented by Process into Conventional Manufacturing, Metal Injection Molding (MIM), Additive Manufacturing (AM), and Powder Forged Manufacturing.
Conventional Manufacturing
Conventional manufacturing is the most established process in the sintered steel industry, involving pressing and sintering of powdered metals. It accounts for nearly 48% of the market due to its cost-efficiency and suitability for high-volume production of simple to moderately complex components.
Metal Injection Molding (MIM)
MIM combines the design flexibility of injection molding with the strength of sintered metals, making it ideal for producing small, complex, and high-precision parts. It represents about 22% of the market and is increasingly adopted in the medical and electronics sectors.
Additive Manufacturing (AM)
AM, or 3D printing, enables the production of intricate geometries without the need for tooling. Although it currently holds a smaller share of around 14%, its usage is expanding rapidly, especially in aerospace and custom automotive components due to its material efficiency and design freedom.
Powder Forged Manufacturing
Powder forged manufacturing blends the benefits of powder metallurgy with the mechanical properties of forged parts. Occupying roughly 16% of the market, this process is commonly used in the production of gears, connecting rods, and other powertrain components requiring high strength and fatigue resistance.
Sintered Steel Market, Segmentation by Application
The Sintered Steel Market has been segmented by Application into Engines, Transmissions, Bodies, Chassis, Drivetrains, Electrical Appliances, and Others.
Engines
Sintered steel is widely used in engine components such as valve guides, camshaft sprockets, and timing gears due to its high strength and heat resistance. The engine segment accounts for nearly 26% of the application share, driven by demand in both passenger and commercial vehicles.
Transmissions
In transmission systems, sintered steel is preferred for parts like gear hubs, synchronizer rings, and bushings. With around 20% market share, its adoption is fueled by the need for precision components that support high torque and wear resistance.
Bodies
Sintered steel usage in vehicle bodies is relatively limited but growing in areas like bracketry and mounts. This segment represents about 9% of the market, primarily driven by innovations in lightweight structural solutions.
Chassis
Chassis applications, including suspension mounts and steering system components, account for roughly 13% of the market. Sintered steel’s strength and dimensional stability make it ideal for these safety-critical parts.
Drivetrains
Drivetrain components such as differential gears and CVT pulleys benefit from sintered steel’s fatigue resistance and load-bearing capacity. This segment comprises approximately 11% of the total application base.
Electrical Appliances
In electrical appliances, sintered steel is used in rotors, motor cores, and compressor parts, contributing to energy efficiency and miniaturization. This segment makes up about 15% of the market, led by growth in consumer electronics and home appliances.
Others
The ‘Others’ category includes diverse applications like industrial machinery, hand tools, and medical devices. It accounts for roughly 6% of the sintered steel market, offering flexibility across a range of niche industries.
Sintered Steel Market, Segmentation by End-Use Sector
The Sintered Steel Market has been segmented by End-Use Sector into Transportation, Industrial, Electrical, and Others.
Transportation
The transportation sector is the largest consumer of sintered steel, especially in automotive engines, transmissions, and drivetrains. It accounts for approximately 52% of the market due to the growing demand for lightweight, durable components that enhance vehicle performance and fuel efficiency.
Industrial
In the industrial sector, sintered steel is used in machinery parts, construction equipment, and hydraulic systems. Representing nearly 21% of the market, its adoption is driven by the need for cost-effective, high-strength solutions in heavy-duty applications.
Electrical
The electrical segment uses sintered steel in motors, generators, and electromagnetic components. This sector holds around 18% of the share, bolstered by advancements in smart appliances and energy-efficient systems.
Others
This category includes medical devices, consumer goods, and defense applications. It comprises about 9% of the sintered steel market, benefiting from the material’s versatility and precision engineering capabilities.
Sintered Steel Market, Segmentation by Geography
In this report, the Sintered Steel Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regions and Countries Analyzed in this Report
Sintered Steel Market Share (%), by Geographical Region
North America
North America accounts for nearly 26% of the sintered steel market, supported by its strong automotive and industrial manufacturing base. The region benefits from technological advancements and rising adoption of precision metal components in the U.S. and Canada.
Europe
Europe holds around 22% of the market share, driven by its focus on energy-efficient automotive technologies and stringent emission regulations. Germany, France, and Italy are key contributors due to their robust engineering and automotive sectors.
Asia Pacific
Asia Pacific leads the global market with approximately 34% share, fueled by rapid industrialization and high vehicle production in countries like China, India, and Japan. The region’s cost-effective manufacturing landscape continues to attract significant investments.
Middle East and Africa
This region represents about 9% of the market, with growth driven by the expansion of industrial infrastructure and rising demand for automotive and machinery parts in key economies like the UAE and South Africa.
Latin America
Latin America accounts for nearly 9% of the global market, supported by emerging automotive assembly plants and machinery manufacturing in Brazil, Argentina, and Mexico. The region shows potential for steady growth with increasing local production capabilities.
Sintered Steel Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Sintered Steel Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces—Drivers, Restraints, and Opportunities—affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
Growing Lightweighting Product Adoption - The increasing shift toward lightweight materials in industries such as automotive, aerospace, and consumer electronics is limiting the growth potential of the sintered steel market. Manufacturers are progressively favoring alternatives like aluminum alloys, carbon composites, and high-strength polymers due to their superior weight-to-strength ratios and improved fuel efficiency benefits. This trend, driven by both regulatory emissions standards and consumer demand for more efficient products, is gradually reducing the reliance on traditional sintered steel components.
Although sintered steel offers excellent mechanical properties and cost-effectiveness, it faces challenges in applications where weight reduction is critical. Advanced lightweighting technologies are gaining popularity, especially in electric vehicle manufacturing and aerospace engineering, where every gram saved contributes to performance and energy efficiency. This growing adoption of substitute materials may hinder the expansion of the sintered steel market unless innovations allow it to compete effectively in terms of weight optimization and design flexibility.
Restraints:
Disruptions in Supply Chain - Recent global events have exposed the vulnerabilities of traditional manufacturing and logistics frameworks, prompting industries to reevaluate and localize their supply chains. These supply chain disruptions have created a window of opportunity for the sintered steel market, particularly as companies seek reliable, cost-efficient, and easily customizable materials for critical applications. Powder metallurgy, which forms the basis of sintered steel production, enables near-net-shape manufacturing, reducing dependency on extended machining and multi-stage logistics processes.
By minimizing waste and optimizing material usage, sintered steel components help streamline production and mitigate risks associated with global supply delays. Additionally, regional production of sintered steel parts supports just-in-time delivery models and enhances supply chain resilience. As companies prioritize agility and operational stability, the demand for locally sourced sintered parts is expected to grow, offering promising expansion avenues for manufacturers able to provide consistent quality and rapid turnaround.
Opportunities:
Expansion of Additive Manufacturing - The rapid growth of additive manufacturing, particularly in metal 3D printing, presents a transformative opportunity for the sintered steel market. This technology enables the creation of complex geometries, reduced material waste, and highly customized components, all of which align well with the properties of sintered steel powders. As industries look for faster, more efficient ways to prototype and produce functional metal parts, the compatibility of sintered steel with powder-based additive processes significantly boosts its relevance in advanced manufacturing environments.
Additionally, the expanding use of additive manufacturing across sectors like aerospace, automotive, and medical devices is driving demand for high-performance, cost-effective materials. Sintered steel powders offer a balance of strength, formability, and affordability, making them ideal for large-scale adoption in these applications. As the technology matures and becomes more accessible, it is likely to fuel increased investments in powder metallurgy solutions, positioning sintered steel as a key material in the next generation of digital and distributed manufacturing systems.
Sintered Steel Market Competitive Landscape Analysis
Key players in Sintered Steel Market include:
- Sumitomo Electric Industries Limited
- GKN PLC
- Samvardhana Motherson Group
- Hitachi Chemical
- The Miba Group
- ASCO Sintering Co.
- Schunk Sinter Metals
- AMES Sintered Metallic Components
- Sintercom India Limited
- SMC Corporation
- Capstan Inc.
- Federal-Mogul Goetze (India) Limited
- SSI Sintered Specialties
- Fine Sinter Co. Ltd.
- Technymon Global Bearing Technologies
- Sintex Rethinking Components
- Pacific Sintered Metals
- Mfs-Sintering
- Atlas Pressed Metals
- Allied Sinterings, Inc.
- Alpha Precision Group
- Coldwater Sintered Metal Products
- Phoenix Sintered Metals LLC
- Callo Sintermetall AB
- Precision Sintered Metals
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Steel Type
- Market Snapshot, By Process
- Market Snapshot, By Application
- Market Snapshot, By End-Use Sector
- Market Snapshot, By Region
- Sintered Steel Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Automotive Demand
- Industrial Growth
- Lightweighting Trends
- Restraints
- High Initial Investment
- Material Cost Fluctuations
- Supply Chain Disruptions
- Competition from Alternatives
- Opportunities
- Customization Demands
- Sustainability Focus
- Additive Manufacturing Growth
- Product Innovation
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Sintered Steel Market, By Steel Type, 2021 - 2031 (USD Million)
- Tool Steel
- Stainless Steel
- Carbon Steel
- Alloy Steel
- Sintered Steel Market, By Process, 2021 - 2031 (USD Million)
- Conventional Manufacturing
- Metal Injection Molding (MIM)
- Additive Manufacturing (AM)
- Powder Forged Manufacturing
- Sintered Steel Market, By Application, 2021 - 2031 (USD Million)
- Engines
- Transmissions
- Bodies
- Chassis
- Drivetrains
- Electrical Appliances
- Others
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Sintered Steel Market, By End Use Sector, 2021 - 2031 (USD Million)
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Transportation
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Industrial
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Electrical
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Others
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- Sintered Steel Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Sintered Steel Market, By Steel Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Sumitomo Electric Industries Limited
- GKN PLC
- Samvardhana Motherson Group
- Hitachi Chemical
- The Miba Group
- ASCO Sintering Co.
- Schunk Sinter Metals
- AMES Sintered Metallic Components
- Sintercom India Limited
- SMC Corporation
- Capstan Inc.
- Federal-Mogul Goetze (India) Limited
- SSI Sintered Specialties
- Fine Sinter Co. Ltd.
- Technymon Global Bearing Technologies
- Sintex Rethinking Components
- Pacific Sintered Metals
- Mfs-Sintering
- Atlas Pressed Metals
- Allied Sinterings, Inc.
- Alpha Precision Group
- Coldwater Sintered Metal Products
- Phoenix Sintered Metals LLC
- Callo Sintermetall AB
- Precision Sintered Metals
- Company Profiles
- Analyst Views
- Future Outlook of the Market