Guosheng Securities: Global MIM Market Expands, Robots Unlock a New Blue Ocean for Application

According to Zhitong Finance APP, Guosheng Securities released a research report citing QYResearch statistics: global MIM market revenue hit USD 4.405 billion in 2024 and is projected to reach USD 4.829 billion in 2025. Dominating the global MIM sector, China is the world’s largest MIM consumption market as well as the top technology supplier, accounting for over 40% of global market share. Driven by booming emerging sectors including humanoid robots, MIM’s application boundary expands rapidly. To meet humanoid robots’ demand for lightweight and high-performance components, MIM is poised to become the next-generation core manufacturing technology following PEEK.

Core viewpoints from Guosheng Securities

Metal Injection Molding (MIM): Cutting-edge Advanced Manufacturing for Future

Combining conventional powder metallurgy and modern plastic injection molding, MIM is a classic near-net-shape forming technology known as one of the most popular component fabrication techniques worldwide. It mixes micron-sized metal powder with binders for injection molding, followed by debinding and sintering, delivering intricate metal parts with dimensional tolerance of ±0.2% and material utilization above 95%.

MIM excels at small, complex components that are either costly or impractical to produce via conventional machining, casting or forging. Its end applications span consumer electronics, automotive, medical devices and hardware tools. Emerging industries such as humanoid robots and AI smart hardware keep broadening MIM’s downstream coverage.

Global MIM market exceeds USD 4 billion with CAGR above 10%, bringing solid investment prospects

Per QYResearch, global MIM market size stood at USD 4.405 billion in 2024, forecasted at USD 4.829 billion in 2025 and USD 8.877 billion in 2031, representing a 10.7% CAGR from 2025 to 2031.

China takes a leading position with over 40% global share. Data from Huajing Industrial Research Institute shows China’s domestic MIM market reached approximately RMB 9.5 billion in 2023 at an 8.77% CAGR from 2015 to 2023; the figure is expected to rise to RMB 10.85 billion in 2024, up 14.2% year on year. More than 70% of China’s MIM demand concentrates on consumer electronics, sustained by regular product upgrades across the 3C industry.

Robotics unlocks blue-ocean market for MIM and builds new growth momentum

Rising humanoid robot industry fuels fast expansion of MIM applications. Focused on lightweight and high-performance design, humanoid robots make MIM a core alternative after PEEK, with promising usages in reducer gears, dexterous hand joints and sensor housings, bringing per-unit component value of thousands of RMB per robot.

Dexterous Hands: MIM manufactures tiny gears and connectors to streamline mass production. Tesla Optimus Gen3 upgrades to 22 degrees of freedom, where lightweight and cost-efficient fabrication is critical. MIM-produced miniature gears cut production cost while securing mechanical performance and resolving core manufacturing bottlenecks for dexterous hands.

Reducers: MIM fabricates thin-wall, high-strength and high-hardness gears. For flex splines of harmonic reducers, MIM enables one-piece forming of ultra-thin complex structures to reduce weight while maintaining high tensile strength.

Sensor Housings & Motor Components: One-step forming fits lightweight upgrade trends. MIM delivers high-precision, consistent sensor housings and integrated motor parts to minimize assembly tolerance and facilitate motor lightweight optimization.