Sintered Steel Market Size, Strategies, Competitive Landscape, Trends & Factor Analysis, 2020–2027
The latest report published by Reports and Data is a work of meticulous research on the global Sintered Steel industry. It delves into the core structure of the industry to highlight its key segments and various micro-economic and macro-economic factors that influence industry growth. The report elucidates the key market dynamics such as market size, market share, market growth drivers, restraints, threats, and opportunities using advanced analytical methods including SWOT analysis and Porter’s Five Forces analysis. It further offers market revenue growth in terms of gross profits, regional market revenues, industry revenue growth rate, sales statistics, manufacturing costs, production & consumption, supply & demand, and key market players’ financial standing.
The COVID-19 Impact: The outbreak of coronavirus has resulted in emphasizing on exploring the scopes for application of autonomous vehicles that would foster the growth of the sector. As an instance, Neolix, has deployed its autonomous vehicles in China to provide food and medical support in areas highly affected by the virus. The pandemic has resulted in creating a strain on deliveries and logistics. As autonomous vehicles have the potential of coping up with the situation, it has resulted in growing emphasis on these vehicles. It can be established with the help of the fact that since May 2019 to January 2020, Neolix had only sold 159 orders, wherein due to the pandemic it had booked 200 order within a span of February and March 2020. Such growing demand for autonomous vehicles would in turn result in elevated demand for sintered steel, supporting the growth of the market. Furthermore, during the pandemic for addressing the immediate need healthcare support and in the strategies of coping up with the economic impact of the epidemic, various nations like China, has been emphasizing on infrastructural development. As an instance, in order to provide with medical support to COVID-19 positive patients, Leishenshan Hospital was built in China within 10 days. The nation is also considering infrastructural development as a means of overcoming the economic impact of the pandemic. Such initiatives by various nations in the upcoming time would foster the growth of the sector.
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Leading companies operating in the market and profiled in the report include: Hitachi Chemical, Sumitomo Electric Industries Limited, Samvardhana Motherson Group, GKN PLC, Schunk Sinter Metals, The Miba Group, ASCO Sintering Co., Sintercom India Limited, AMES Sintered Metallic Components, and Capstan Inc.
Sintered Steel Market Segmentation:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Stainless Steel
- Tool Steel
- Alloy Steel
- Carbon Steel
Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Metal Injection Molding (MIM)
- Conventional Manufacturing
- Powder Forged Manufacturing
- Additive Manufacturing (AM)
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Automotive & transportation
- Electrical
- Industrial
- Construction
- Others
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Regional and Country-wise Segmentation of the Global Sintered Steel Market:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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