Shimla Online

GKN PLC and Sumitomo Electric Industries Limited Group are Leading Players in the Sintered Steel Market

 Breaking News
  • No posts were found

GKN PLC and Sumitomo Electric Industries Limited Group are Leading Players in the Sintered Steel Market

May 05
23:08 2020
GKN PLC and Sumitomo Electric Industries Limited Group are Leading Players in the Sintered Steel Market

Browse 112 market data Tables and 36 Figures spread through 151 Pages and in-depth TOC on “Sintered Steel Market”
Sintered Steel Market by Type (Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel), Process (Metal Injection Molding, Conventional, Powder Forged, Additive), End-user Industry, Application, Region

The sintered steel market is projected to grow from USD 23.6 billion in 2019 to USD 28.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 3.7% from 2019 to 2024. The rising demand for sintered steel into various end-use industries such as automotive, aerospace, and building & construction is expected to drive the growth of the sintered steel industry across the globe during the forecast period. 

GKN PLC (UK), Sumitomo Electric Industries Limited (Japan), Samvardhana Motherson Group (Spain), Hitachi Chemical (Japan), The Miba Group (US), ASCO SINtering Co. (US), Sintercom India Ltd (India0, AMES SInering Metallic Components (Spain), Schunk Sinter Metals (Germany) are the leading players operating in the sintered steel market. These players have adopted numerous growth strategies such as expansions, investments, divestments, new product developments, acquisitions, partnerships, agreements, and joint ventures to increase their market shares and enhance their product portfolios.

To know about the assumptions considered for the study download the pdf brochure

The strategies of expansions, merger, and acquisitions together accounted for the largest share of all strategic developments that took place in the sintered steel market between January 2017 and May 2019. Companies such as GKN PLC (UK), Sumitomo Electric Industries Limited (Japan), The Miba Group (US), Samvardhana Motherson Group (Spain) are the key players that have adopted these strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the sintered steel market.

GKN PLC is the leading player in the sintered steel market. It operates throughout various industries–from aerospace, automotive, powder metallurgy and wheels, and structures. It offers sintered products and services through business segments, namely GKN Powder Metallurgy, which is a metal solution provider and offers engineered product solutions. GKN Powder Metallurgy is a partnership of GKN Sinter Metals and Hoeganaes, one of the leading producer of precision automotive components as well as components for industrial and consumer applications. It produces more than 10,000 complex shape and high strength sintered products for automotive, commercial vehicle, home appliances, lawn garden, office equipment, power tool, recreational vehicle, filter applications, mechatronics, and process industry markets. The global production and sales network of GKN Sintered Metals employs more than 6,500 associates in more than 30 facilities in 14 countries on four continents.

Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=250920259

Sumitomo Electric Industries Limited Group is one of the leading manufacturers of sintered automotive parts. It has five business unit, namely: Automotive, Information & Communications, Electronics, Environment & Energy, and Industrial materials. The Industrial Material business unit manufacture sintered steel products which are used in many industries, like special metal wires used in civil engineering and construction projects; special steel wires such as steel cords used as tire-reinforcement materials in the automobile industry, sintered parts that are used as structural components in automobiles and home electric appliances, ranking among the top 3 in the world.  The company has a strong and aggressive R&D department for all the products. For their powder metallurgy products, the company has developed special cemented carbides and cermet for cutting tools and sintered ferrous alloys and aluminum alloy parts for automobiles. It has more than 350 subsidiaries and over 270,000 employees in more than 30 countries.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Ashish Mehra
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/sintered-steel-market-250920259.html