Global Sintered Metal Market in Automotive Industry 2022-2027

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    Published- Jan 2022

    Number Of Pages -125

    GLOBAL SINTERED METAL MARKET IN AUTOMOTIVE INDUSTRY

     

    Key Findings

    1. USA is the market leader in terms of volume and value and will continue to do so till 2027 with intense utilization of sintered metal in their truck engines especially 6 and higher cylinders
    2. The automobile market is recovering post Covid and chip supply issues, and is expected to reach pre Covid levels in 2022. The sintered metal usage per vehicle will however increase from 2022-2027
    3. Engine and transmission parts will be the highest utilization areas till 2027 with light weighting being the major focus of the OEMs
    4. Increasing electrification will pose a threat to the sintered metal market, mainly for engine parts.
    5. Transmission is a golden opportunity for sintered metal suppliers for electrified vehicles as the value add will be high and the parts are heavier than current sintered metal parts in transmission
    6. Upcoming components will look into electric vehicle batteries and traction motors, where the focus will be on value add. Parts will increase in complexity and new material will also be a focus trend
    7. Various OEMs have set up in house sintered metal production to supply for their vehicles and have a stronger hold in research specific to their vehicle needs
    8. The market is reliant on manufacturing locations close to OEM plants, long term deals, ability to tool for quick supply and capability to supply to OEM demands.

     

    Description

    There are various components in a vehicle that are made using Powder Metallurgy. Most of them are found in Powertrain (Engine and transmission applications, followed by suspension and chassis components.

    1. Market Segmentation
    2. Market Forecast (Volume and Value)
    • By Component(Powertrain, body, chassis, and others)
    • By OEM(Ford, Stellantis, Volkswagen, Toyota, Hyundai and Kia, and Honda)
    • By Geography (Asia excluding China, Europe, North America, India and China)
    • By Vehicle type (ICE, and electric vehicles)

    MARKET DYNAMICS

    SI No Timeline Developments
    1 Q4-2021 Sintered metal is used for automobile components and also stainless steel parts, sintered metal production method reduces the cutting process of the product and is suitable for mass production.
    2 Q4-2021 The complex  three dimensional products are produced by using the sintered metal manufacturing process. The sintered parts are featured with high precision neat shape end products and by integrating parts the the assembly cost can be reduced and this method avoids wastage of materials.
    3 Q3-2021 GKN Powder Metallurgy innovated the manufacturing process by developing a 3D printing process to produce two new powder metal products of Dual Phase Low Alloy and Free Sintering Low Alloy for automotive and industrial applications.

    The average price of the sintered metal used in vehicles varies from $ 13 – $ 40 depending on the region, parts used, proximity to the manufacturing facility, etc.

     

     

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    By Component

    • Engine singlehandedly holds the largest usage of sintered metals with 37-42% of automotive sintered metals being used in engines globally. •In 2022, the market will bounce back from chip shortage and this will increase the growth of sintered metal usage in the engine component with focus on trucks by Detroit 3
    • Transmission holds second largest usage of sintered metal, and is a focus area for both ICE and EVs. In EVs transmission will be the key factor as value add will be the highest in terms of decreasing weight and increasing strength especially gear boxes
    • Body accounts for 17-20% of sintered metal usage in automotive market. This includes pumps, exhaust systems, sensor rings, chassis components and shock absorber parts. Increasing ADAS across the globe will increase sintered metal usage irrespective of type of vehicle

     

                   

     

    By OEM

    • Volkswagen, the global leader in automotive sales, utilities ~6 kg per vehicle.The OEM has the majority of their sales from Europe and China where utilization of sintered metal is low compared to the USA. 1.9 million units were sold under their premium brands which utilize a higher quantity of sintered metal per vehicle
    • Stellantis gathers most of their sales from USA and Europe, and have an average of 12 kgs of sintered metal per vehicle. RAM trucks in USA increase their average weight as they have 6/8 cylinder engines.
    • Ford has a strong presence in USA, with 50% of their sales in USA coming from trucks and 43% from SUVs. Both of the vehicle types are heavy utilizers of sintered metal

     

    By Geography

    • USA is one of the largest markets for sintered metal with the highest average content per vehicle. Trucks and SUV sales accounted for 77% of overall vehicles sales of USA in 2021. The penetration of 4-WD in USA is estimated to be at 20% and is one of the largest globally. In 2022, the market will bounce back from the chip shortage and sales are expected to reach 2019 levels which will boost the sintered metal market
    • The average weight of sintered metal per vehicle in Europe is 10 kgs. 40% of the overall market is held by SUVs and crossovers, which utilize 20% more sintered metal than sedans and hatchbacks. Increasing PHEV and BEV sales are a threat to the sintered metal market in Europe
    • In China, the average weight of sintered metal used per vehicle is 4-5 kgs. China has a low penetration of torque convertors, and turbo chargers with lesser than 25% of penetration. However China’s EPB penetration is more than 70%. The SUV penetration is expected to stabilize at 40-43% thereby increasing sintered metal utilisation per vehicle. Electrification is a threat to sintered metal in China.
    • Japanese OEMs focus on efficiency in their vehicles and as a result will see a growth in sintered metal usage due to decrease weight as well as improving fuel combustion to increase fuel efficiency

     

    By vehicle type

    • ICE vehicles drive the market and will continue to do so till 2027. Various parts are seeing increasing manufacturing by sintered metal such as gears, components of shock absorbers, transfer cases, components in VVTs and CVTs, and clutch hubs. There is an increase in research to develop new parts in sintered metals to decrease the overall weight of the vehicle.
    • In BEVs, the engine parts utilizing sintered metals will be 0. Transmission parts will decrease but what is left is of high value; thereby a huge area for sintered metal suppliers. PHEVs will see increased usage of sintered metals, especially to accommodate the extra weight of batteries.

     

    RECENT TECHNOLOGICAL TRENDS

    SI No Timeline Company/Country Developments
    1 Q4-2021 Global The sintered metals usage in automobiles sector is increasing because of its high performing material design and high precision and also tight tolerance, that are required for automotive parts such as transmission parts, brake drums, axles, wheel hubs, bearings and many other parts.
    2 Q4-2021 GKN Powder Metallurgy Toyota Kirloskar Motor awarded Zero PPM Achievement 2021 for the GKN Sinter metals in India.
    3 Q2-2021 GKN Powder Metallurgy GKN Powder Metallurgy to reduce carbon emissions by using renewable energy storage solutions, and established GKN Hydrogen. The technology stores green hydrogen based on metal hydrides and it can be used as a backup energy source by using directly or converting back to electricity and heat.
    4 Q1-2021 Desktop Metal American technology company Desktop Metal introduced new simulation software Live Sinter to obtain high accuracy parts and it also corrects any shrinkage or distortion in the product during the sintering process in binder jet 3D printing.

    COMPETITIVE LANDSCAPE

    SI No Timeline Company Developments
    1 Q4-2021 ASCO Sintering ASCO Sintering supplies over 10 million powder metallurgy sintered metal parts for the automotive industry. The company uses Six Sigma and lean manufacturing methodologies and provides high performing and high strength engineered materials. ASCO manufactures Shift-by-Wire, shock absorbers, brake systems, seating, and other complex automotive parts.
    2 Q4-2021 GKN Powder Metallurgy GKN Powder Metallurgy provides high strength sinter metal components and advanced metal powder products all over the world, having 28 manufacturing facilities and delivers 13 million parts everyday.
    3 Q3-2021 Fine Sinter Fine Sinter, manufacturer of powder metal products for automotive applications, sales in the financial year 2020-21 was JPY 34.6 billion with 14% decrease Y-o-Y

     

    COMPANY PROFILE

    1. Motherson
    2. Sintercom
    3. Schunk Sinter Metals
    4. Hitachi Chemical
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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