METAL ADDITIVE MANUFACTURING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global metal additive manufacturing market is estimated to be valued at USD 5.85 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031. Additive manufacturing (AM), also known as 3D printing, is a process of joining materials to make objects from 3D model data, usually layer upon layer. In metal additive manufacturing, metal powder materials such as titanium alloys, nickel alloys, aluminum alloys, and others are used to produce metal parts. Metal additive manufacturing industry has transformed manufacturing by enabling the production of complex geometries that are impossible or impractical to achieve with traditional methods. It allows mass customization and reduces waste. The technology also helps in optimizing part designs for enhanced structural integrity and performance. With continued advancements in materials and processes employed, there has been huge adoption of metal additive manufacturing across various industries like automotive, aerospace, healthcare, industrial equipment and consumer products.

Market Dynamics:

Global metal additive manufacturing market growth is driven by various factors such as rising demand from aerospace & defense industry, reduced waste generation, and design flexibility offered by metal additive manufacturing. The need for specialized parts with complex geometries in aerospace industry can drive the market growth. However, high capital investment and lack of standardization can hamper the market growth. Meanwhile, discovery of new metal materials for 3D printing and automation of post-processing activities can offer significant growth opportunities.

Key features of the study:

• This report provides in-depth analysis of the global metal additive manufacturing market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global metal additive manufacturing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include GE Additive, 3D Systems, Desktop Metal, EOS GmbH, Renishaw, SLM Solutions, Stratasys, Markforged, Velo3D, DMG Mori, HP Inc., TRUMPF, ExOne (a Desktop Metal company), Materialise, Formlabs, Norsk Titanium, Optomec, Prima Additive, XJet, and VulcanForms
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global metal additive manufacturing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global metal additive manufacturing market

 Detailed Segmentation-

• By Technology Insights (Revenue, USD Bn, 2019 - 2031)
• • Selective Laser Melting (SLM)
  • Direct Energy Deposition (DED)
  • Electron Beam Melting (EBM)
  • Binder Jetting
  • Others
• By Application Insights (Revenue, USD Bn, 2019 - 2031)
• • Aerospace
  • Automotive
  • Healthcare
  • Industrial Equipment
  • Others
• By Regional Insights (Revenue, USD Bn, 2019 - 2031)
• • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
• • GE Additive
  • 3D Systems
  • Desktop Metal
  • EOS GmbH
  • Renishaw
  • SLM Solutions
  • Stratasys
  • Markforged
  • Velo3D
  • DMG Mori
  • HP Inc.
  • TRUMPF
  • ExOne (a Desktop Metal company)
  • Materialise
  • Formlabs
  • Norsk Titanium
  • Optomec
  • Prima Additive
  • XJet
  • VulcanForms