From the perspective of the use of powder metallurgy parts in the automotive industry in developed regions of the world, up to 70% of the powder metallurgy parts used in the automotive industry in North America, about 84% of the powder metallurgy parts used in the automotive industry in Japan, and about 80% in Western Europe. The current average consumption of powder metallurgy materials per vehicle in my country is only 4.5kg. With the development of lightweight automobiles, the opening of powder metallurgy applications such as synchronizer sliders, valve guides, generator brushes, etc., the amount of powder metallurgy materials is expected to increase. It is expected that the average amount of powder metallurgy materials per automobile in my country in the next five years is expected to reach Japan The level reaches 8.3kg, and the compound annual growth rate is about 11%.

Assuming that the price of automotive powder metallurgy parts remains unchanged, at 40,000 yuan/ton, by 2024, China's automotive powder metallurgy parts market will reach 9.52 billion yuan, with a compound annual growth rate of about 8.8%. The overall market size of my country's powder metallurgy manufacturing industry is comprehensively predicted. By 2024, the market size of my country's powder metallurgy manufacturing industry may exceed 16 billion yuan.