Powder Metallurgy Parts Market Report 2026

The powder metallurgy parts market size has grown steadily in recent years. It will grow from $25.08 billion in 2025 to $26.33 billion in 2026 at a compound annual growth rate (CAGR) of 5%. The growth in the historic period can be attributed to growth in automotive components, rising demand in industrial machinery, increasing healthcare device applications, expansion of electrical and electronics components, development of high-performance metal powders.

The powder metallurgy parts market size is expected to see strong growth in the next few years. It will grow to $33.11 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to increasing adoption in electric vehicles, rising need for lightweight automotive parts, growth of industrial automation, expansion in medical implants and devices, development of advanced non-ferrous alloy components. Major trends in the forecast period include increasing adoption of pressure-based fabrication methods, rising use of sinter-based metal parts, growing implementation of hybrid fabrication techniques, increasing development of high-precision ferrous components, rising focus on lightweight non-ferrous powder metallurgy parts.

Growing global demand for electric vehicles is expected to support the expansion of the powder metallurgy parts market. Electric vehicles operate fully or partially on electric power, using electric motors instead of traditional internal combustion engines. Powder metallurgy components - such as soft magnetic parts - are used in EV motors and help eliminate the need for laminated structures. As electric vehicle adoption increases, demand for these specialized components rises as well. For example, in April 2023, the International Energy Agency reported that more than 10 million electric cars were sold worldwide in 2022, and sales were expected to grow by a further 35% in 2023 to reach 14 million. Therefore, the growing popularity of electric vehicles is contributing to the expansion of the powder metallurgy parts market.

Companies in the powder metallurgy parts sector are focusing on innovative product developments such as bonded mix solutions to improve compaction efficiency. These solutions allow manufacturers to produce larger and more complex parts with better density distribution and less material waste, without relying on metal stearates. For instance, in October 2024, Höganäs AB introduced Starmix Nova, a bonded mix solution designed to enhance apparent density and filling performance. This technology supports the production of geometrically complex components, extends tool life, and promotes cleaner, more sustainable sintering processes.

In December 2024, GNS Gesellschaft für Nuklear Service mbH acquired Powder Light Metals GmbH to strengthen its capabilities in powder metallurgy parts. The acquisition integrates Powder Light Metals’ expertise in nano-structured aluminum alloy components and semi-finished products, expanding GNS’s service offerings for sectors such as automotive, aerospace, and industrial manufacturing. Powder Light Metals specializes in developing and producing powder metallurgy components and semi-finished items.

Major companies operating in the powder metallurgy parts market report are GKN Powder Metallurgy, Miba AG, PMG Holding GmbH, Catalus Corporation, Burgess-Norton Manufacturing Company, Atlas Pressed Metals, Keystone Powdered Metal Company, NetShape Technologies Inc., Stackpole International, Fine Sinter Co. Ltd., Porite Corporation, Riken Corporation, Nippon Piston Ring Co. Ltd., Precision Sintered Parts Pvt. Ltd., AMES Group Sintering, Metaldyne Performance Group, Cloyes Gear & Products Inc., Samvardhana Motherson Group, American Axle & Manufacturing Holdings Inc., Engineered Sintered Components Company, Allied Sinterings Inc., American Sintered Technologies.

North America was the largest region in the powder metallurgy parts market in 2025. The regions covered in the powder metallurgy parts market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the powder metallurgy parts market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The powder metallurgy parts market consists of sales of structural parts, electromagnetic assemblies, engine components, gears, and bushings. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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