According to the market research report published by P&S Intelligence, the worldwide metallurgy equipment market reported revenue of $100.3 billion in 2021, which is projected to touch $133.9 billion by 2030, proceeding at a compound annual growth rate of 3.3% from 2021 to 2030. The main factors driving the industry are the increasing acceptance of powder metallurgy in the automotive industry and the surging use of metals in various sectors, such as aerospace, marine, machinery, and equipment.