North America Isostatic Pressing Market
No. of Pages: 99 | Report Code: BMIRE00030504 | Category: Electronics and Semiconductor
No. of Pages: 99 | Report Code: BMIRE00030504 | Category: Electronics and Semiconductor
The North America isostatic pressing market was valued at US$ 2,134.38 million in 2022 and is expected to reach US$ 3,920.87 million by 2030; it is estimated to register a CAGR of 7.9% from 2022 to 2030.Growing Industrialization Fuels North America Isostatic Pressing Market
Growing industrialization has led to a heightened demand for advanced materials with specific properties such as enhanced strength, wear resistance, and thermal stability. Isostatic pressing is a key manufacturing process for shaping and consolidating these materials. In the aerospace industry, where components require high strength and lightweight properties, isostatic pressing is used to manufacture intricate parts from advanced materials such as titanium, alloys, and ceramics. Industrialization has driven the adoption of powder metallurgy techniques, and isostatic pressing is integral to this process. It allows for efficient shaping and consolidation of metal powders to produce high-performance components. For example, in automotive manufacturing, isostatic pressing is utilized to shape and consolidate metal powders for producing components such as gears, bushings, and connecting rods with superior mechanical properties. As industries become more specialized, there is an increasing need for precision and consistency in the production of components. Isostatic pressing ensures uniform density and accurate shaping, meeting stringent quality requirements. In the medical sector, isostatic pressing is employed to manufacture precise and consistent components such as dental implants and prosthetics, where accuracy is crucial for optimal performance. A combination of factors, including government policy, entrepreneurial ambitions, and labor-saving inventions, can drive industrialization. Thus, the growing industrialization is driving the isostatic pressing market by creating demand for advanced materials, precision-manufactured components, efficient powder metallurgy, metal matrix composites, and supporting additive manufacturing.North America Isostatic Pressing Market Overview
The North America isostatic pressing market is segmented into the US, Canada, and Mexico. The North America aviation industry would continue to generate relatively higher profits from the US because of the presence of many aircraft OEMs in the US. The country is the world's largest aircraft manufacturer. With the launch and purchase of new aircraft, several contracts and agreements are routinely signed among aircraft providers, airlines, and defense agencies. These factors are fueling the demand for aircrafts in North America significantly. According to the General Aviation Manufacturer's Association (GAMA), in 2020, 1,312 Piston Aircraft were delivered in the US; this number increased to 1,409 in 2021. Similarly, ~443 Turboprop Aircraft were delivered in 2020, and the number reached 527 in 2021. Also, 674 helicopters were delivered in 2020 which raised to 860 in 2021. Isostatic pressing is extensively used in the aerospace industry. Hot Isostatic Pressing (HIP) is used to remove porosity from a large range of nickel-based superalloy and titanium precision castings for structural components and aircraft engines. Aerospace materials that typically can be densified using HIP, such as aluminum alloy castings, metal matrix composites (MMCs), cobalt-chromium alloy castings, stainless steel castings, alloy steel castings, nickel and cobalt-based superalloy castings, and titanium alloy castings. Therefore, with the growing aerospace industry, the demand for isostatic pressing is increasing.
North America Isostatic Pressing Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the North America Isostatic Pressing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Isostatic Pressing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Get more information on this report North America Isostatic Pressing Report Scope
Report Attribute
Details
Market size in 2022
US$ 2,134.38 Million
Market Size by 2030
US$ 3,920.87 Million
Global CAGR (2022 - 2030)
7.9%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Offering
By Type
Regions and Countries Covered
North America
Market leaders and key company profiles
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North America Isostatic Pressing Market Segmentation
The North America isostatic pressing market is categorized into offering, type, application, and country.
Based on offering, the North America isostatic pressing market is bifurcated into systems and services. The systems segment held a larger market share in 2022.
In terms of type, the North America isostatic pressing market is segmented into hot isostatic pressing (HIP), cold isostatic pressing (CIP), and warm isostatic pressing (WIP). The hot isostatic pressing (HIP) segment held the largest market share in 2022. Furthermore, the hot isostatic pressing (HIP) segment is sub segmented into large sized, medium sized, and small sized. Additionally, the cold isostatic pressing (CIP) segment is bifurcated into dry bag pressing and wet bag pressing.
Based on application, the North America isostatic pressing market is segmented into automotive, aerospace and defense, precision machine manufacturing, medical, energy and power, and others. The automotive segment held the largest market share in 2022.
By country, the North America isostatic pressing market is segmented into the US, Canada, and Mexico. The US dominated the North America isostatic pressing market share in 2022.
American Isostatic Presses Inc; Bodycote Plc; EPSI Inc; Fluitron, Inc.; Hiperbaric USA Corp; Kennametal Inc.; Kobe Steel Ltd; Nikkiso Co Ltd; and Pressure Technology Inc are some of the leading companies operating in the North America isostatic pressing market.
1. American Isostatic Presses Inc
2. Bodycote Plc
3. EPSI Inc
4. Fluitron, Inc.
5. Hiperbaric USA Corp
6. Kennametal Inc.
7. Kobe Steel Ltd
8. Nikkiso Co Ltd
9. Pressure Technology Inc
The North America Isostatic Pressing Market is valued at US$ 2,134.38 Million in 2022, it is projected to reach US$ 3,920.87 Million by 2030.
As per our report North America Isostatic Pressing Market, the market size is valued at US$ 2,134.38 Million in 2022, projecting it to reach US$ 3,920.87 Million by 2030. This translates to a CAGR of approximately 7.9% during the forecast period.
The North America Isostatic Pressing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Isostatic Pressing Market report:
The North America Isostatic Pressing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Isostatic Pressing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Isostatic Pressing Market value chain can benefit from the information contained in a comprehensive market report.
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