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From high-performance, economical and environmental points of view, Powder metallurgy process shows remarkable advantages in production of parts and components due to their special compositions by elemental mixing and 3-dimensional near net shape forming methods. Powder metallurgy process can be applied to not only metal materials but also ceramics and organic materials, which both are employed as structural and electrical products. Author contributions to Powder metallurgy present excellent and significantly important research topics to evaluate various properties and performance of P/M materials for applying these materials as actual components. In particular, the life estimation of P/M ferrous materials by sliding contact fatigue test and tribological performance evaluation of P/M semi-metallic materials are focused and introduced in this book.