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Add to CartSintered Steel Market
By Steel Type;
Stainless Steel, Carbon Steel, Alloy Steel and Tool SteelBy Process;
Metal Injection Molding (MIM), Additive Manufacturing (AM), Conventional Manufacturing and Powder Forged ManufacturingBy Application;
Engines, Transmissions, Bodies, Chassis, Drivetrains, Electrical Appliances and OthersBy End-Use Industry;
Transportation, Electrical, Industrial 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 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 Industry and Geography.
Sintered Steel Market, Segmentation by Steel Type
The Steel Type segmentation highlights the material diversity driving the Sintered Steel Market. With rising demand for high-strength and corrosion-resistant components, manufacturers are investing in advanced metallurgy and alloy optimization. Over 45% of adoption in sintered components is led by stainless and alloy steel, reinforcing sustainability and performance in automotive and industrial sectors.
Stainless Steel
Stainless Steel is a key segment due to its superior corrosion resistance and structural stability. The segment holds significant share as industries prioritize durability and reliability. Increasing usage in automotive and electrical applications is enhancing long-term adoption and performance benchmarks.
Carbon Steel
Carbon Steel remains prominent in cost-sensitive applications, providing a balance between strength and affordability. It is widely used in chassis and drivetrain systems, supporting production scalability. Technological improvements in powder metallurgy enhance its sintering efficiency and reduce material wastage.
Alloy Steel
Alloy Steel offers customized mechanical properties suitable for precision engineering. Its demand is expanding in industrial machinery and engines, reflecting over 30% growth in advanced material use. The segment benefits from R&D investments in hardness and fatigue resistance enhancements.
Tool Steel
Tool Steel supports high-performance cutting and forming applications, particularly in manufacturing environments. It exhibits strong heat resistance, extending equipment life. The integration of powder metallurgy technologies is improving dimensional accuracy and cost efficiency for tool steel components.
Sintered Steel Market, Segmentation by Process
The market by Process reveals how evolving manufacturing techniques are shaping material performance and design flexibility. With Metal Injection Molding (MIM) and Additive Manufacturing (AM) gaining traction, innovation in powder sintering and bonding processes continues to redefine cost and precision benchmarks.
Metal Injection Molding (MIM)
MIM enables production of complex geometries with high density and surface finish, widely used across automotive and medical components. Over 25% of sintered steel adoption in precision parts originates from MIM techniques, emphasizing its scalability and material efficiency.
Additive Manufacturing (AM)
AM enhances design freedom and minimizes material wastage. Its adoption is increasing by over 40% annually, driven by 3D printing innovations and flexible prototyping capabilities. The segment aligns with digital manufacturing trends and lightweight design initiatives.
Conventional Manufacturing
Conventional Manufacturing continues to serve high-volume applications requiring mechanical reliability. Despite emerging technologies, it retains a steady production share in transportation and industrial machinery, driven by process familiarity and cost stability.
Powder Forged Manufacturing
Powder Forged Manufacturing integrates sintering and forging to achieve dense, durable parts. It plays a vital role in engine and drivetrain systems, where mechanical strength is critical. Advancements in powder composition and compaction are enhancing yield and performance.
Sintered Steel Market, Segmentation by Application
The Application segmentation illustrates how sintered steel contributes to functional performance across mechanical and electronic systems. With over 55% demand from automotive applications, the focus is on improving fuel efficiency, component precision, and long-term sustainability.
Engines
Engines remain the largest application segment, benefiting from high-strength sintered components that optimize thermal resistance. Manufacturers are investing in powder metallurgical innovations to enhance combustion efficiency and reduce frictional losses.
Transmissions
Transmissions utilize sintered gears and bearings for smooth torque transfer and wear resistance. The growing adoption of electrified vehicles is expanding transmission component innovation, contributing to over 20% segment growth.
Bodies
Bodies incorporate lightweight sintered materials to reduce structural weight without compromising rigidity. The use of stainless and alloy steels ensures enhanced corrosion protection and improved performance in chassis assemblies.
Chassis
Chassis applications focus on material strength and load distribution. With ongoing R&D, sintered steels are enabling improved crash resistance and manufacturing consistency across global OEMs.
Drivetrains
Drivetrains benefit from precision sintered gears, enabling smoother operation and extended service life. Increased focus on energy efficiency is fostering collaborations in powder metallurgy-driven component design.
Electrical Appliances
Electrical Appliances adopt sintered steel parts for enhanced conductivity and magnetic properties. The sector shows steady adoption growth due to miniaturization and energy efficiency trends in consumer and industrial equipment.
Others
The Others category includes emerging uses in automation, robotics, and renewable technologies. These applications represent growing potential for functional and high-precision sintered materials in future-oriented industries.
Sintered Steel Market, Segmentation by End-Use Industry
The End-Use Industry segmentation reflects where sintered steel’s versatility delivers value. Transportation remains dominant, while electrical and industrial applications are expanding rapidly due to advancements in automated manufacturing and component integration.
Transportation
Transportation accounts for over 50% of market demand, driven by automotive electrification and lightweight component initiatives. OEMs are collaborating with materials specialists to enhance performance, reduce emissions, and optimize part precision.
Electrical
Electrical industries use sintered steels for motor cores and structural parts, supporting energy-efficient device manufacturing. Growth is supported by digital transformation and rising demand for smart appliances.
Industrial
Industrial applications utilize sintered steel for machinery, pumps, and tools requiring high fatigue strength. Technological advancements are expanding industrial adoption, enhancing productivity and lifecycle cost efficiency.
Others
Others include aerospace, defense, and construction sectors exploring powder metallurgy’s potential. These industries are adopting sintered materials for their precision, recyclability, and design flexibility.
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
North America
North America demonstrates strong adoption driven by automotive innovation and industrial automation. With advanced R&D facilities, the region leads in material engineering and sustainable manufacturing of sintered steel parts.
Europe
Europe shows a mature market landscape with extensive focus on energy-efficient technologies and lightweighting. The region’s strong automotive base and environmental standards continue to shape strategic growth and investment trends.
Asia Pacific
Asia Pacific dominates in production capacity and cost efficiency, accounting for over 40% of global sintered steel output. Continuous industrial expansion and infrastructure growth fuel the region’s leadership in component manufacturing.
Middle East and Africa
Middle East and Africa are emerging with growing investments in industrial machinery and transportation infrastructure. Partnerships with global OEMs are enhancing technological transfer and regional competitiveness.
Latin America
Latin America experiences increasing adoption of sintered steel in automotive and energy sectors. Strengthening local manufacturing ecosystems and sustainability initiatives are contributing to regional market expansion.
Sintered Steel Market Forces
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
Sintered Steel Market is witnessing increased competition as manufacturers emphasize cost efficiency, material performance, and sustainable processes. Companies are integrating advanced production techniques that account for nearly 40% of new product innovations. Strong focus on partnerships, merger strategies, and collaboration highlights how firms aim to secure growth in a rapidly evolving industrial environment.
Market Structure and Concentration
The competitive structure of the sintered steel sector is moderately concentrated, with leading players controlling about 55% of market share. Established firms pursue strategies centered on vertical integration and capacity expansion. Smaller companies, representing nearly 45%, enhance presence through specialized applications and innovation to meet rising industrial performance requirements.
Brand and Channel Strategies
Prominent brands adopt diversified channel strategies with nearly 60% of their revenue flowing from long-term industrial contracts. Effective partnerships with automotive and machinery producers strengthen brand visibility. Distribution networks increasingly integrate digital channels, accounting for 30% of industry sales, as companies focus on streamlined supply chains to support sustainable growth.
Innovation Drivers and Technological Advancements
Approximately 50% of competitive advantages are derived from technological advancements such as additive manufacturing and precision tooling. Firms invest heavily in research to develop advanced powder metallurgy methods. Continuous innovation in durability and energy-efficient production systems fosters market expansion, ensuring manufacturers remain aligned with high-performance industrial demands.
Regional Momentum and Expansion
Over 45% of industry expansion efforts are concentrated in emerging regions, supported by growing industrial output and favorable trade policies. Strategic collaboration between local producers and international players accelerates market penetration. Regional clusters encourage partnerships that combine resource availability with advanced manufacturing capabilities, further driving competitiveness across geographic segments.
Future Outlook
The competitive outlook suggests that more than 50% of companies will prioritize innovation and collaborative strategies to sustain long-term presence. Increasing adoption of energy-efficient manufacturing and stronger reliance on technological advancements will define the sector’s trajectory. With sustained investment and industry growth, the sintered steel market is set to maintain momentum and achieve broader industrial integration.
Key players in Sintered Steel Market include:
- GKN Powder Metallurgy
- Höganäs AB
- Sumitomo Electric Industries Ltd.
- Hitachi Powdered Metals
- Daido Steel Co., Ltd.
- Aichi Steel Corporation
- Sandvik Materials Technology
- Miba AG
- Bodycote plc
- Sintercom India Ltd.
- ASCO Sintering Co.
- Ames Sintering Metallic Components
- Schunk Sinter Metals
- Allegheny Technologies (ATI)
- Fine Sinter Co.
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- 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 Industry
- Market Snapshot, By Region
- Sintered Steel Market Dynamics
- Drivers, Restraints and OpportunitiesPEST Analysis
- Drivers
- Rising Automotive Sector Demand
- Expansion in Industrial Applications
- Growing Lightweighting Product Adoption
- Restraints
- Significant Upfront Capital Requirement
- Volatile Raw Material Prices
- Disruptions in Supply Chain
- Opportunities
- Rising Demand for Customization
- Emphasis on Sustainable Solutions
- Expansion of Additive Manufacturing
- Drivers
- 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 OpportunitiesPEST Analysis
- Market Segmentation
- Sintered Steel Market, By Steel Type, 2021 - 2031 (USD Million)
- Stainless Steel
- Carbon Steel
- Alloy Steel
- Tool Steel
- Sintered Steel Market, By Process, 2021 - 2031 (USD Million)
- Metal Injection Molding (MIM)
- Additive Manufacturing (AM)
- Conventional Manufacturing
- Powder Forged Manufacturing
- Sintered Steel Market, By Application, 2021 - 2031 (USD Million)
- Engines
- Transmissions
- Bodies
- Chassis
- Drivetrains
- Electrical Appliances
- Others
- Sintered Steel Market, By End-Use Industry, 2021 - 2031 (USD Million)
- Transportation
- Electrical
- Industrial
- Others
- 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
- GKN Powder Metallurgy
- Höganäs AB
- Sumitomo Electric Industries Ltd.
- Hitachi Powdered Metals
- Daido Steel Co., Ltd.
- Aichi Steel Corporation
- Sandvik Materials Technology
- Miba AG
- Bodycote plc
- Sintercom India Ltd.
- ASCO Sintering Co.
- Ames Sintering Metallic Components
- Schunk Sinter Metals
- Allegheny Technologies (ATI)
- Fine Sinter Co.
- Company Profiles
- Analyst Views
- Future Outlook of the Market