The global demand for Metal Additive Manufacturing Market is presumed to reach the market size of nearly USD 7.51 MN by 2028 from USD 4.71 MN in 2021 with a CAGR of 19.31% under the study period 2022 - 2028.
The construction of a digital 3D model or a 3-D object from CAD models is known as metal additive manufacturing or 3D printing. Metal additive manufacturing involves sending a digital data file to a machine that produces a three-dimensional object. The machine constructs the object layer by layer. This technology is a computer-controlled process.
Market Dynamics
The market for metal additive manufacturing is expanding because new products are developing more frequently, and metal additive manufacturing technologies are utilized by various industries, including the aerospace industry, the healthcare and dentistry industry, the automobile industry, and the academic industry. Additionally, its numerous advantages, including reduced waste generation, fast-paced production, and recreation of legacy parts, will favorably impact the growth of the metal additive manufacturing market. Metal additive manufacturing is widely used in the automotive sector for prototype jobs. The positive growth prospects of the automobile industry will increase the demand for metal additive manufacturing. Furthermore, the surge in air travel globally will increase the need for metal additives which will drive the market for metal additive manufacturing. The increasing demand for dental & surgical implants in the healthcare sector is also a potential market driver. These implants are custom-made specifically for each patient through metal additive manufacturing.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of metal additive manufacturing. The growth and trends of metal additive manufacturing industry provide a holistic approach to this study.
Market Segmentation
This section of the metal additive manufacturing market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Powder Bed Fusion
- Binder Jetting
- Direct Energy Deposition
- Bound Powder Extrusion
- Others
By Component
- Systems
- Materials
- Service And Parts
By End User Industry
- Aerospace
- Automotive
- Healthcare
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Metal Additive Manufacturing market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Metal Additive Manufacturing Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the metal additive manufacturing market include BeAM Machines, DMG Mori Seiki Co. Ltd., EOS GmbH, Farsoon Technologies, GE Additive, Renishaw Plc, Sisma SpA, SLM Solutions, Trumpf, and Xi‘an Bright Laser Technologies Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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