According to the report, global sales of PM components were over US$21 billion in 2006, and expected to reach almost US$23 billion in 2007 and almost US$30 billion by 2012, at an average annual growth rate (AAGR) of 5%.
The North American PM parts business was worth about US$5 billion in 2007, which is expected to increase to US$5.5 billion in 2012. The European PM parts market is estimated at around US$9.5 billion in 2007 and the report forsees that it will to reach US$11.6 billion in 2012. The Asian market for PM components was around US$7.62 billion in 2007, and is expected to increase to US$12.6 billion by 2012.
Research and Markets' report analyses the current position and future prospects for the global powder metallurgy (PM) industry. It also looks at the raw materials (metal powders) supply sector and the main end-user industries. Information concerning the activities of hundreds of powder metallurgy and metal powder companies (including financial results), and equipment suppliers, is also provided. Powder metallurgy products featured include automotive and aerospace engine parts, bearings, gears, filters, pump parts, cutting tools, magnets, biomedical implants, and wear parts. In most industrial countries, 70-85% of finished powder metallurgy components are for the automotive industry.
This week, Matthew Bulger, president of the Metal Powder Industries Federation (MPIF) affirmed that "many in the industry are confident that the industry’s recovery is sustainable".
