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METAL ADDITIVE MANUFACTURING MARKET Size and trends

Metal Additive Manufacturing Market, By Technology (Selective Laser Melting (SLM), Direct Energy Deposition (DED), Electron Beam Melting (EBM), Binder Jetting, and Others), By Application (Aerospace, Automotive, Healthcare, Industrial Equipment, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Feb 2025
  • Code : CMI7302
  • Pages :110
  • Formats :
      Excel and PDF
  • Industry : Advanced Materials

Metal Additive Manufacturing Market Size and Trends

Global metal additive manufacturing market is estimated to be valued at USD 6.66 Bn in 2025 and is expected to reach USD 16.58 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 13.9% from 2025 to 2032.

Metal Additive Manufacturing Market Key Factors

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Global metal additive manufacturing market  growth is driven by  increasing demand from the automotive industry for additive manufacturing of complex parts and a reduction in production costs. Adoption of 3D printing for rapid prototyping and increasing focus on personalized healthcare can also boost demand. Ongoing research and development activities to expand the application scope along with the capability to produce intricate design parts, not possible through conventional methods, can provide opportunities for market growth in the near future. However, high capital requirement for equipment and lack of standard processes can hamper the market growth.

Customization of applications

Additive manufacturing enables the customization of applications in manufacturing industry. With additive processes, manufacturers can produce complex parts and products with intricate internal features, moving parts, optimized lattices and lightweight designs, which were simply not possible with traditional machining or molding. These also have capability produce fully customized designs on demand for each customer without having to produce bulk inventory. This offer tremendous value to customers who need specially designed solution for their unique application or requirements.

Now designers have freedom to design without limitation of machinability or molding constraints. These can configure complex internal cooling channels in metal parts, put customized logo or designs on products and create complex geometries optimized for strength or other performance parameters. Recently an example where a manufacturer of off-road vehicles was able to produce suspension joints of customized design for each vehicle depending on its intended application of rough terrain racing or long-distance Rally. Previously these manufacturers had to produce standard design with some compromises to cater to both types of vehicles but with additive manufacturing these could tune the suspension for precise needs.

Even in production of replacement parts, additive manufacturing allows customized configuration. A tool and die factory had problem with frequent breakdown of particular machine part which required long downtime for replacements to be shipped from overseas. With metal additive technology inhouse, these are now able to scan the damaged part, modify the design as needed and print customized replacement part within a day to minimize disruption.

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