소결강 시장 : 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the sintered steel market size is expected to increase from USD 29.11 billion in 2025 to USD 30.65 billion in 2026 and reach USD 40.89 billion by 2031, and is expected to grow at a CAGR of 5.93% over 2026-2031.

This report is Segmented by Type (Stainless Steel and More), Process (Conventional Powder Metallurgy, Powder Forging, and More), Application (Gears & Transmission Components, Bearings & Bushings, and More), End-User Industry (Automotive Industry and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

Global Sintered Steel Market Trends and Insights

Increasing Demand for Sintered Steel in Automotive Applications

Automotive manufacturing remains the largest end market for sintered steel, as drivetrain and chassis programs continue to absorb high volumes of powder metal parts. The automotive sector accounted for more than 70% of iron powder shipments in North America in 2024, highlighting how closely vehicle output shapes order flow in the sintered steel market. North American new-vehicle sales reached 15.9 million units in 2024, and hybrid sales rose by nearly 37%, keeping powder metal demand firm even as OEM powertrain mixes began to shift. Gears, connecting rods, bearing caps, and synchronizer hubs remain core volume products, as they offer repeatable tolerances and strong throughput economics at scale. Research published in 2026 found that two-speed EV gearboxes can improve highway-cycle motor efficiency by 5% to 7% compared to single-speed hardware, supporting further use of sintered planet carriers and differential components in future vehicle architectures. This shift helps the sintered steel market remain relevant even as demand for Internal Combustion Engine (ICE)-only parts eases over time.

Rising Demand for Sintered Components in Electric Vehicles

Electric vehicle (EV) adoption is expanding the addressable market for sintered steel, as new EV platforms require motor, gearbox, and steering components that support compact, efficient designs. Global electric car sales exceeded 17 million units in 2024, up 25% from 2023, lifting demand for soft magnetic composite (SMC) motor cores, e-axle planetary carriers, and electric power steering pump rotors. A 2024 study published in Metals reported that SMC materials for EV motors can reduce core losses by more than 20%, strengthening the case for their use in compact motor layouts where efficiency gains are critical. Another 2024 paper showed that sintered SMC motor cores can deliver efficiency comparable to 0.35 mm non-oriented silicon steel laminations while enabling three-dimensional flux paths that are difficult to achieve with stacked laminations. India's Production Linked Incentive Scheme allocated INR 10,000 crore (USD 1.2 billion) for automobile and auto component manufacturing, including technologies relevant to powder metallurgy adoption. These developments give the sintered steel market a larger role in the vehicle transition, rather than limiting it to legacy engine content.

High Capital Investment Requirements

High capital requirements continue to restrain the sintered steel market, as advanced furnaces, compaction systems, and tooling demand substantial upfront investment before stable program volumes are secured. Vacuum sintering furnaces range from USD 55,000 to more than USD 200,000 per unit, while complete press-and-sinter lines often require multi-million-dollar expenditure. The financial burden increases further when part designs require complex multi-level dies, as those tools must be amortized across large production runs to justify the investment. This challenge is more pronounced in newer Powder Metallurgy (PM) geographies, where low-cost financing, skilled furnace operators, and stable, long-term Original Equipment Manufacturer (OEM) contracts remain limited. The burden grows further when producers add industrial binder jetting or powder bed systems, as these technologies create a second capital layer on top of the standard sintering line. As a result, the sintered steel market in emerging regions continues to expand through licensed capacity or supplier partnerships rather than independent greenfield plants.

Other drivers and restraints analyzed in the detailed report include:

1. Expansion of the Industrial Manufacturing Sector
2. Growing Adoption of Metal Injection Molding
3. Volatility In Raw Material Prices

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Carbon steel held 46.82% of the sintered steel market share in 2025, maintaining its lead among material types. Its position is based on low input costs, broad compatibility with conventional tooling, and a long track record of performance in high-volume automotive and industrial applications. Alloy steel sits above it in the value chain because nickel, molybdenum, and copper additions support higher tensile strength and better fatigue resistance in demanding components. Tool steel remains smaller in volume, but it serves precision insert applications and specialized machinery where wear performance matters more than tons. Stainless steel is the fastest-growing type, with a 6.84% CAGR through 2031, because medical devices, corrosion-sensitive electrical assemblies, and food processing equipment require material properties that carbon grades cannot provide.

This shift indicates that the sintered steel market is no longer shaped only by the lowest-cost material route, as qualification standards in newer end uses are changing what buyers accept. Stainless grades also lend themselves well to metal injection molding (MIM) production when miniaturization and clean-surface requirements are priorities. That combination gives suppliers room to move into higher-value programs even when total volume remains lower than carbon steel. Material decisions are also increasingly tied to customer sustainability goals, as original equipment manufacturer (OEM) buyers are paying closer attention to Scope 3 emissions in the upstream supply chain. Hoganas reported continued investment in lower-carbon powder production and disclosed a 55% reduction in Scope 1 and 2 emissions versus 2018, demonstrating how material suppliers are differentiating beyond mechanical performance alone. In this context, the sintered steel market is likely to reward producers that can pair reliable metallurgy with stronger sustainability credentials.

Conventional powder metallurgy accounted for 50.89% of the market in 2025, making it the leading process route in the sintered steel market. That position reflects strong economics in large automotive and industrial programs where fixed tooling costs can be spread over high production volumes. The process also benefits from high material utilization, estimated at near 95%, compared with much lower yields for fully machined equivalents. Metal injection molding is the next tier, serving medical, defense, electronics, and precision consumer goods applications with tighter tolerances than standard press-and-sinter operations typically provide. Powder forging remains important for high-density structural parts such as connecting rods and synchronizer rings, where near-full density is required. Additive manufacturing is the fastest-growing process, with a 7.36% CAGR through 2031, indicating that design complexity and low-volume flexibility are becoming increasingly important in the sintered steel market.

This does not mean additive routes will displace conventional powder metallurgy (PM) in bulk programs, as the cost logic still favors traditional tooling once volumes scale. It does mean that the process mix within the sintered steel market is broadening as aerospace, defense, and medical buyers move from prototyping toward production qualification. Metal injection molding (MIM) also benefits from this shift because it sits between scale manufacturing and precision machining, making it attractive for parts that are too intricate for conventional pressing but too costly for pure machining. Indo-MIM's September 2025 filing for INR 1,000 crore (USD 113 million) to fund capacity expansion and advanced binder jetting systems indicates that manufacturers still see room for strategic investment in these routes. As more suppliers combine design validation, advanced powders, and repeatable sintering, the sintered steel market is expected to add applications previously out of reach for older process chains.

Complete Report Scope:

• By Type
  • Stainless Steel
  • Carbon Steel
  • Alloy Steel
  • Tool Steel
• By Process
  • Conventional Powder Metallurgy
  • Metal Injection Molding (MIM)
  • Powder Forging
  • Additive Manufacturing
• By Application
  • Gears & Transmission Components
  • Bearings & Bushings
  • Engine Components
  • Structural Components
  • Brake Components
  • Electrical & Magnetic Components
  • Sensors & Precision Components
  • Other Applications
• By End-User Industry
  • Automotive Industry
  • Industrial
  • Electrical and Electronics
  • Healthcare
  • Aerospace and Defense
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Russia
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle-East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle-East and Africa

Geography Analysis

Asia-Pacific held 48.32% of the sintered steel market share in 2025 and is projected to register the fastest regional CAGR of 6.78% through 2031. This position reflects the region's scale in vehicle assembly, growing EV supply chains, and manufacturing cost competitiveness. China remains the largest country-level demand center in the region due to its broad automotive and precision manufacturing base. India is an active policy-driven growth market, supported by the Ministry of Heavy Industries' allocation of INR 10,000 crore (USD 1.2 billion) under the Production Linked Incentive (PLI) scheme for auto components, which includes relevant powder metallurgy technologies. Japan holds an important technology role in high-precision Metal Injection Molding (MIM) and advanced sintered components through companies such as Sumitomo Electric Industries and Porite Corporation, while South Korea adds depth through its automotive and electronics manufacturing base. The Asia-Pacific sintered steel market combines present scale with future product diversification.

North America remained the second-largest regional market for sintered steel, supported by its automotive supply chain and an established powder metallurgy (PM) vendor base. More than 70% of regional iron powder shipments went to the automotive sector in 2024, confirming that regional demand closely follows vehicle production trends. New-vehicle sales of 15.9 million units in 2024 and hybrid sales growth of nearly 37% helped sustain near-term demand, even as OEMs balanced ICE, hybrid, and EV strategies. Europe ranked as the third-largest regional market, led by Germany and Sweden, where close ties between material suppliers and automotive OEMs support the co-development of newer PM specifications. European procurement is also being increasingly shaped by expectations for low-carbon inputs, and Hoganas reported a 55% reduction in Scope 1 and 2 emissions versus 2018 as it advanced its lower-carbon powder strategy.

South America remained a smaller but expanding part of the sintered steel market, with Brazil as the primary regional anchor due to its vehicle assembly base and industrial machinery demand. Argentina and neighboring countries contributed lower volumes and remained more dependent on imported components than on local PM production. The Middle East and Africa represented the smallest regional segment, with Saudi Arabia linked to downstream industrial demand and South Africa supported by established vehicle assembly activity. Growth potential exists in both areas, but the sintered steel market in these regions remains dependent on imports from Asia-Pacific and Europe, while domestic PM capacity remains limited.

1. Allied Sinterings, Inc.
2. AMES Group Sintering, S.A.
3. ASCO Sintering Co.
4. Atlas Pressed Metals
5. Fine Sinter Co., Ltd.
6. GKN Powder Metallurgy
7. Hitachi Metals, Ltd.
8. Hoganas AB
9. Indo-MIM
10. Keystone Powdered Metal Company
11. Kobe Steel, Ltd.
12. Miba AG
13. PMG Holding GmbH
14. Porite Corporation
15. Schunk Group
16. Sintercom India Ltd.
17. Stackpole International
18. Sumitomo Electric Industries, Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Increasing Demand for Lightweight and High-Strength Components in the Automotive Industry
  • 4.2.2 Rising Demand for Sintered Steel Components in Electric Vehicles and Advanced Powertrain Systems
  • 4.2.3 Expansion of Industrial Automation and Precision Engineering Applications
  • 4.2.4 Increasing Preference for Sustainable and Material-Efficient Powder Metallurgy Manufacturing Processes
  • 4.2.5 Growing Adoption of Near-Net-Shape Manufacturing for Improved Material Utilization and Production Efficiency
• 4.3 Market Restraints
  • 4.3.1 High Capital Investment Required for Powder Metallurgy Production Facilities
  • 4.3.2 Volatility in Raw Material Prices and Supply of Specialty Metal Powders
  • 4.3.3 Competition from Alternative Metal Forming and Manufacturing Technologies
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces Analysis
  • 4.5.1 Threat of New Entrants
  • 4.5.2 Bargaining Power of Suppliers
  • 4.5.3 Bargaining Power of Buyers
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By Type
  • 5.1.1 Stainless Steel
  • 5.1.2 Carbon Steel
  • 5.1.3 Alloy Steel
  • 5.1.4 Tool Steel
• 5.2 By Process
  • 5.2.1 Conventional Powder Metallurgy
  • 5.2.2 Metal Injection Molding (MIM)
  • 5.2.3 Powder Forging
  • 5.2.4 Additive Manufacturing
• 5.3 By Application
  • 5.3.1 Gears & Transmission Components
  • 5.3.2 Bearings & Bushings
  • 5.3.3 Engine Components
  • 5.3.4 Structural Components
  • 5.3.5 Brake Components
  • 5.3.6 Electrical & Magnetic Components
  • 5.3.7 Sensors & Precision Components
  • 5.3.8 Other Applications
• 5.4 By End-User Industry
  • 5.4.1 Automotive Industry
  • 5.4.2 Industrial
  • 5.4.3 Electrical and Electronics
  • 5.4.4 Healthcare
  • 5.4.5 Aerospace and Defense
• 5.5 By Geography
  • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 Rest of Asia-Pacific
  • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Russia
    • 5.5.3.6 Rest of Europe
  • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
  • 5.5.5 Middle-East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle-East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global Overview, Market Overview, Core Segments, Financials as available, Strategic Information, Products and Services, and Recent Developments)
  • 6.4.1 Allied Sinterings, Inc.
  • 6.4.2 AMES Group Sintering, S.A.
  • 6.4.3 ASCO Sintering Co.
  • 6.4.4 Atlas Pressed Metals
  • 6.4.5 Fine Sinter Co., Ltd.
  • 6.4.6 GKN Powder Metallurgy
  • 6.4.7 Hitachi Metals, Ltd.
  • 6.4.8 Hoganas AB
  • 6.4.9 Indo-MIM
  • 6.4.10 Keystone Powdered Metal Company
  • 6.4.11 Kobe Steel, Ltd.
  • 6.4.12 Miba AG
  • 6.4.13 PMG Holding GmbH
  • 6.4.14 Porite Corporation
  • 6.4.15 Schunk Group
  • 6.4.16 Sintercom India Ltd.
  • 6.4.17 Stackpole International
  • 6.4.18 Sumitomo Electric Industries, Ltd.

7 Market Opportunities and Future Outlook

• 7.1 White-Space and Unmet-Need Assessment