The India powder metallurgy market size reached USD 111.13 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 223.83 Million by 2033, exhibiting a growth rate (CAGR) of 8.09% during 2025-2033. The market is witnessing significant growth, driven by advancements in additive manufacturing and metal injection molding and rising demand for high-performance powder metallurgy components in the automotive sector
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 111.13 Million |
Market Forecast in 2033 | USD 223.83 Million |
Market Growth Rate 2025-2033 | 8.09% |
Advancements in Additive Manufacturing and Metal Injection Molding (MIM)
The Indian powder metallurgy market is undergoing steep growth because the present adaptation in advanced manufacturing techniques like additive manufacturing (AM) and MIM in particular. These enable better design flexibility and reduce waste for such reduced complexity in material geometries, thus being apt for sectors such as automotive, aerospace, medical devices, and electronics. This offers advantages promising for high-performance metal components since technologies like binder jetting and selective laser sintering are now coming into play. Driven by the demand for lightweight and fuel-efficient vehicles, the same sector in India's automotive is incorporating AM based solutions about powder metallurgy for structural components and engines. And so, among others, MIM technology is growing at a rapid rate so as to cater to the production of very tiny components with intricate geometries with extremely high precision. The advent of exceptional metal powders like stainless steel, titanium- and nickel-based alloys also broadens the scope of the technologies. Along with Quoting the Production Linked Incentive (PLI) program for production as well as the promotion of auto-sufficiency in the critical industrial sectors, the government of such country is further motivating increased investments in AM and MIM technologies. For instance, in November 2024, India's manufacturing sector is transforming with the PLI Scheme, driving innovation, efficiency, and competitiveness under Atmanirbhar Bharat, reducing import reliance, and strengthening domestic production for global leadership and sustainability. As a result, these innovations are shaping the future of powder metallurgy in India, enhancing production efficiency and material utilization across industries.
Rising Demand for High-Performance Powder Metallurgy Components in the Automotive Sector
The Indian automotive industry is a key driver of the powder metallurgy market, with rising demand for high-performance and lightweight components. With stringent emission regulations such as Bharat Stage VI (BS-VI) and increasing focus on electric vehicles (EVs), automakers are actively seeking advanced powder metallurgy solutions to enhance fuel efficiency, reduce emissions, and improve overall vehicle performance. Powder metallurgy enables the production of high-strength, wear-resistant, and lightweight components such as transmission gears, engine parts, valve seats, and bearings. The growing penetration of EVs is further driving the need for soft magnetic powder metallurgy components used in electric motors, transformers, and inductors. For instance, India aims for over 28 million electric vehicles by 2030, with rising demand, incentives, and better charging infrastructure. EV sales surpassed 4.1 million units in FY 2023-2024, led by electric two-wheelers. The shift towards localized manufacturing, driven by initiatives like “Make in India” and the Automotive Mission Plan (AMP), is fostering investments in powder metallurgy-based component production. Additionally, the rising adoption of sintered components in two-wheelers and commercial vehicles is fueling market expansion. With leading automotive manufacturers and suppliers investing in R&D to develop advanced metal powders and sintering technologies, India’s powder metallurgy industry is poised for significant growth. The increasing use of hybrid materials and new alloy compositions is expected to further enhance the performance and cost-effectiveness of powder metallurgy-based automotive components.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type, material, manufacturing process, and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes ferrous and non-ferrous
Material Insights:
A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes titanium, steel, nickel, aluminum, and others.
Manufacturing Process Insights:
A detailed breakup and analysis of the market based on the manufacturing process have also been provided in the report. This includes additive manufacturing, powder bed, blown powder, metal injection molding, powder metal hot isostatic pressing, and others.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes automotive, aerospace, electrical and electronics, oil and gas, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Ferrous and Non-Ferrous |
Materials Covered | Titanium, Steel, Nickel, Aluminum, Others. |
Manufacturing Processes Covered | Additive Manufacturing, Powder Bed, Blown Powder, Metal Injection Molding, Powder Metal Hot Isostatic Pressing, Others |
Applications Covered | Automotive, Aerospace, Electrical and Electronics, Oil and Gas, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: