One of the key factors contributing to this market growth is the need to reduce product manufacturing costs. The global powder injection moulding market has also been witnessing the development of next-generation products by the vendors. However, increasing price wars among competitors could pose a challenge to the growth of this market, the report says.

The global powder injection moulding (PIM) market is reportedly witnessing a large number of customers starting to invest in commercialized custom PIM machines. The market vendors are nowadays developing application-specific PIM products to meet specific customer application requirements as the market is highly volatile as a result of the global recession.