Global Metal Additive Manufacturing Market Price 2024, Forecast To 2033
8 Mar, 2024
The metal additive manufacturing market grew from $4.64 billion in 2023 to $5.36 billion in 2024, with a 15.5% CAGR, driven by sector adoption. Forecasted to hit $9.74 billion by 2028, with a 16.1% CAGR, due to dental and educational needs. Trends involve 3D printing advancements and automation.
Global Metal Additive Manufacturing Market Key Driver
The metal additive manufacturing market is growing with the adoption of additive manufacturing technologies in the aerospace industry. American Aerospace & Defense industries generated $892 billion in sales in 2021, driving demand for metal additive manufacturing in aerospace applications.
Get A Free Sample Of The Global Metal Additive Manufacturing Market ReportGlobal Metal Additive Manufacturing Market Segments
The metal additive manufacturing market covered in this report is segmented –
1) Type:Selective Laser Melting (SLM), Electron Beam Melting (EBM), Powder Bed Fusion, Sheet Lamination, Directed Energy Deposition, Binder Jetting
2) Component:System, Materials, Services And Parts
3) Application:Automotive Industry, Aerospace Industry, Healthcare And Dental Industry, Tools And Mold, Academic Institutions, Other Applications
By Geography: The countries covered in the metal additive manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the metal additive manufacturing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metal additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Metal Additive Manufacturing Industry Players
Trumpf Inc.; Lincoln Electric Additive Solutions; DMG Mori Seiki Co. Ltd.; Hoganas AB; EOS GmbH; Renishaw PLC; Stratasys Ltd.; Materialise NV; Desktop Metal Inc.; SLM Solutions Group AG; Markforged Inc.; FormLabs Inc.; The ExOne Co.; AddUp Solutions SAS; Voxeljet AG; Optomec Inc.; SISMA SpA; Additive Industries B.V.; 3DEO Inc.; GE Additive; Triditive SL; Farsoon Technologies Co. Ltd.; XJet Ltd.; Sciaky Inc.; Norsk Titanium AS; Titomic Ltd.; Wuhan Huake 3D Technology Co. Ltd.; Xact Metal; XiAn Bright Laser Technologies Co. Ltd.; 3D Systems Inc.
Get The Full Global Metal Additive Manufacturing Market Report
Metal Additive Manufacturing Market Overview
Metal additive manufacturing, also known as metal 3D printing, is the process of producing robust, complicated components that are developed using either a computer-aided design (CAD) application or by taking a 3D scan of the product. Metal additive manufacturing aids manufacturers in increasing productivity, decreasing waste, lowering emissions, and accelerating the time it takes for more robust and lighter products to reach the market.