India Metal Injection Molding Market

India Metal Injection Molding Market Overview:

The India metal injection molding market size reached USD 150.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 310.0 Million by ​2033​, exhibiting a growth rate (CAGR) of 8.2% during 2025-2033. The rising demand in automotive, healthcare, and electronics industries, advancements in manufacturing technologies, cost-effective mass production, growing investments in defense, rapid industrialization, expanding consumer goods sector, government initiatives, and a shift toward high-performance metal parts are some of the major factors positively impacting the India metal injection molding market share.

India Metal Injection Molding Market Trends:

Increased Adoption in Medical and Aerospace Applications

The demand for complex, biocompatible, and lightweight components is driving the adoption of metal injection molding (MIM) in medical and aerospace industries, which is enhancing the India metal injection molding market outlook. In the medical field, MIM is utilized in the manufacture of surgical instruments, orthopedic devices, and dental braces because of its capacity to create very complex shapes with high accuracy. The technique accommodates the utilization of biocompatible metals like titanium and stainless steel in that it extends the material's long-term strength and the safety of the patient. Moreover, MIM facilitates large-scale production of medical parts with respect to high quality requirements. According to industry reports, the Indian aerospace and defense sector is projected to expand by USD 70 Billion by 2030. In aerospace, there is an increased use of MIM for manufacturing fuel system components, brackets, and fasteners. The growth of the industry further increases demand for MIM, due to its capacity to create intricate geometries while satisfying high-performance requirements. Furthermore, temperature-resistant alloys treated using MIM promote long-term durability in harsh environments while maintaining reliability and performance in mission-critical aerospace applications. With industries looking for affordable manufacturing options for precision-engineered parts, MIM is increasingly attracting consumers, being an effective substitute for conventional metalworking methods in high-performance industries.

Expansion in Automotive and Consumer Goods Sectors

Metal injection molding (MIM) is increasingly being used in the automotive and consumer goods industries due to its ability to produce complex, high-strength components with precision. Automotive manufacturers benefit from MIM’s capability to create lightweight yet durable parts such as gears, fuel system components, and turbocharger components. The Automotive Mission Plan 2016–2026 states that the automotive sector will increase by 3.5–4 times its current worth of USD 74 Billion to USD 260 billion to USD 300 Billion, placing the nation in the major three automotive industries globally. This growth drives the demand for high-precision manufacturing technologies like MIM, which ensures consistency in large-scale production while reducing material wastage and machining requirements. In consumer goods, MIM is preferred for manufacturing intricate and miniaturized parts, particularly in electronics, watches, eyewear, and premium hardware. The technique allows for the creation of aesthetically refined and functional designs without compromising strength. As companies seek greater efficiency, MIM is becoming a strategic choice for industries requiring high precision, complex geometries, and superior surface finishes, which is strengthening India metal injection molding market growth.

India Metal Injection Molding Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on material type and end use industry.

Material Types Insights:

• Stainless Steel
• Low Alloy Steel
• Soft Magnetic Material
• Others

The report has provided a detailed breakup and analysis of the market based on the material types. This includes stainless steel, low alloy steel, soft magnetic material, and others.

End Use Industry Insights:

• Electrical and Electronics
• Automotive
• Medical and Orthodontics
• Consumer Products
• Firearms and Defense
• Others

A detailed breakup and analysis of the market based on the end use industry have also been provided in the report. This includes electrical and electronics, automotive, medical and orthodontics, consumer products, firearms and defense, and others.

Regional Insights:

• North India
• South India
• East India
• West India

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.

Competitive Landscape:

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.

India Metal Injection Molding Market News:

• On July 2023, Indo-MIM, a leading global metal injection molding (MIM) and metal additive manufacturing components supplier based in Bangalore, India, acquired CMG Technologies to strengthen its presence in the UK and European markets. The acquisition enhances Indo-MIM’s capabilities in defense, medical, and consumer sectors while maintaining CMG’s existing management and operations. Indo-MIM plans further global expansion through acquisitions and greenfield investments across the EU, USA, South America, and Southeast Asia.

India Metal Injection Molding Market Report Coverage:

Key Questions Answered in This Report:

• How has the India metal injection molding market performed so far and how will it perform in the coming years?
• What is the breakup of the India metal injection molding market on the basis of material type?
• What is the breakup of the India metal injection molding market on the basis of end use industry?
• What is the breakup of the India metal injection molding market on the basis of region?
• What are the various stages in the value chain of the India metal injection molding market? 
• What are the key driving factors and challenges in the India metal injection molding market?
• What is the structure of the India metal injection molding market and who are the key players?
• What is the degree of competition in the India metal injection molding market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India metal injection molding market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India metal injection molding market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India metal injection molding industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.