3D Printing Metal Market 2030, by Form (Powder, Filament), Technology (Powder Bed Fusion, Directed Energy Deposition, Binder Jetting, Metal Extrusion, Others), Metal Type, End-user and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits

Industry : Chemicals & Materials | Pages : 188 Pages | Published On : Apr 2024

         
     

The 3D Printing Metal Market was valued USD 6.2 Billion in 2022 and projected to reach USD 37.7 Billion by 2030, growing at a CAGR of 25.3% during the forecast period of 2023-2030.

3D Printing Metal Market Size


Graph
             2022                         2023-2030      

ReportDetails
Market Size ValueUSD 6.2 Billion in 2022
Market Size ValueUSD 37.7 Billion by 2030
CAGRCAGR of 25.3%
Forecast Period2023-2030
Historic Data2022
Segments CoveredForm, Technology, Metal Type, End User and Region
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major vendors in the global 3D Printing Metal Market are 3D Systems Corporation, Stratasys Ltd., Renishaw plc, General Electric Company, Carpenter Technology Corporation, Materialise NV, Voxeljet AG, Sandvik AB, EOS GmbH Electro Optical Systems, The ExOne Company, Proto Labs, Inc. and Others.

Market Overview

3D printing metal, also known as metal additive manufacturing, revolutionizes traditional manufacturing processes by enabling the creation of intricate patterns and intricate designs. This cutting-edge technology encompasses various methods, including Powder Bed Fusion, Directed Energy Deposition, Binder Jetting, and Metal Extrusion, each offering unique advantages in the realm of metal fabrication. Titanium, Nickel, Stainless Steel, and Aluminum stand out as the primary metal types employed in 3D printing metal applications, showcasing the versatility of this innovative manufacturing approach. Two predominant forms of 3D printing metal materials include powder and filament, each contributing distinct properties to the final products. Powder Bed Fusion employs powdered metal, selectively fused layer by layer, while Metal Extrusion relies on metal filaments to build intricate structures. This transformative technology is celebrated for its ability to manufacture intricate and customized components, fostering advancements across industries such as aerospace, healthcare, and automotive. As 3D printing metal continues to evolve, it holds the promise of reshaping the landscape of modern manufacturing, offering unparalleled design flexibility and efficiency.

Mass Customization of products with complex design and structure

The mass customization of products with intricate designs and structures emerges as a powerful driver propelling the widespread adoption of 3D printing metal technology. Unlike traditional manufacturing methods that are often constrained by molds and tooling, 3D printing metal provides unparalleled design flexibility, enabling the creation of highly customized components at scale. One of the foremost advantages driving the mass customization trend is the ability to produce complex geometries and intricate structures that were previously deemed impractical or economically unfeasible. 3D printing metal allows for the layer-by-layer fabrication of intricate designs, providing manufacturers with the capability to respond to diverse customer demands without compromising on design complexity. This flexibility is particularly beneficial in industries where unique and highly specialized components are required, such as aerospace, healthcare, and automotive.

Market Dynamics

Drivers:

  • Mass Customization of products with complex design and structure
  • Integration with IoT and Industry 4.0

Opportunities:

  • Increased Investment In 3D Printing Companies
  • Growing aerospace sector

Increased Investment In 3D Printing Companies

The increased investment in 3D printing companies presents a significant opportunity for the growth and expansion of the 3D Printing Metal Market. As investors recognize the transformative potential of metal additive manufacturing technologies, they contribute not only to the financial success of individual companies but also to the overall advancement and maturation of the 3D printing metal industry. Heightened investment provides 3D printing metal companies with the financial resources needed for research and development initiatives. This influx of capital fosters innovation, leading to the development of more advanced and efficient metal printing technologies. Research and development are crucial for refining existing processes, exploring new materials, and expanding the range of applications for 3D printing metal, ultimately enhancing the competitiveness and attractiveness of the market.

The market for 3D Printing Metal is dominated by North America.

North America stands as a powerhouse in the 3D printing metals market, wielding dominance driven by a combination of established key players and a relentless pursuit of technological advancements. The region's 3D printing industry, particularly in metals, benefits from a robust infrastructure, a history of innovation, and a concentration of major companies pushing the boundaries of additive manufacturing. The United States, in particular, has been a focal point for the evolution of metal 3D printing technologies. Major players within the aerospace, healthcare, and automotive sectors have propelled North America to the forefront of the industry, utilizing metal additive manufacturing for the production of complex components and cutting-edge applications. The Asia-Pacific region emerges as the fastest-growing segment in the 3D printing metals market. This surge is attributed to the region's escalating industrialization and a notable uptick in the adoption of automated manufacturing processes. Countries like China, with their expanding industrial capabilities, have embraced 3D printing metals as a key component of their manufacturing landscape.

The Powder Segment is Anticipated to Hold the Largest Market Share During the Forecast Period

Based on Form the 3D Printing Metal Market is segmented into Powder, Filament. The powder form segment emerges as the dominant force, capturing the largest market share in 2022, and poised to maintain its supremacy throughout the forecast period from 2022 to 2029. This segment's prominence is underlined by the distinctive qualities of metal powder particles, which play a pivotal role in shaping both the additive build process and the final characteristics of the components produced. Metal powders used in 3D printing exhibit a range of crucial features that significantly influence the overall manufacturing process and the quality of the end product. A comprehensive understanding and characterization of the physical and chemical properties of the raw materials become imperative in ensuring the success of the additive manufacturing endeavor. This intricate knowledge base surrounding metal powder properties is anticipated to drive the demand for metal powders in the 3D printing metals market during the forecast period.

Major Segmentations Are Distributed as follows:

  • By Form:
    • Powder
    • Filament
  • By Technology:
    • Powder Bed Fusion
    • Directed Energy Deposition
    • Binder Jetting
    • Metal Extrusion
    • Others
  • By Metal Type:
    • Titanium
    • Nickel
    • Stainless Steel
    • Aluminum
    • Others
  • By End-user:
    • Healthcare
    • Construction
    • Automotive
    • Consumer Electronics
    • Aerospace & Defense
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • Germany
      • France
      • Italy
      • Spain
      • U.K.
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Thailand
    • Indonesia
    • Malaysia
    • Vietnam
    • Australia & New Zealand
    • Rest of Asia Pacific
    • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Nigeria
    • Egypt
    • Israel
    • Turkey
    • Rest of MEA

 Recent Developments

  • In August 2022- The creation of Systemic BioTM, a biotech business is specializing in the application of cutting-edge bioprinting technology to pharmaceutical drug discovery and development, was announced by 3D Systems. Systemic Bio will use 3D Systems' ground-breaking, production-level bioprinting technology to produce vascularized organ models that are incredibly accurate using biomaterials and human cells. These unique organs-on-chips can be made in vast quantities to examine drug metabolism and the effects on healthy or diseased tissue at the earliest phases of developing novel pharmaceutical drugs.
  • In October 2022- Amnovis, an additive manufacturing production and engineering company in Aarschot, Belgium, included the DMP Flex 350 Dual from 3D Systems in its contract manufacturing process. Amnovis can produce high-quality, highly reliable end-user parts for various industrial and medical device applications thanks to this next-generation technology, which includes two lasers.

Answers to Following Key Questions:

  • What will be the 3D Printing Metal Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the 3D Printing Metal Market?
  • What are the main forces behind worldwide 3D Printing Metal Market? Which companies dominate 3D Printing Metal Market?
  • Which companies dominate 3D Printing Metal Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global 3D Printing Metal industry's suppliers' opportunities and dangers in 3D Printing Metal Market?
  • What is the 3D Printing Metal industry's regional sales, income, and pricing analysis? In the 3D Printing Metal Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the 3D Printing Metal Market?
  • What are the main geographical areas for various industries that are anticipated to observe astounding expansion for 3D Printing Metal Market?
  • What are the dominant revenue-generating regions for 3D Printing Metal Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main 3D Printing Metal Market trends that are influencing the market's expansion?
  • Which key product categories dominate 3D Printing Metal Market? What is 3D Printing Metal Market’s main applications?
  • In the coming years, which 3D Printing Metal Market technology will dominate the market?

Reason to purchase this 3D Printing Metal Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global 3D Printing Metal Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different 3D Printing Metal Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global 3D Printing Metal Market , providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global 3D Printing Metal Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top 3D Printing Metal Market  providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

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Methodology:

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