Global Metal Material Based 3D Printing Sales Market Size, Share, Opportunities, Trends, and Forecast 2023-2029: Examining the Impact of COVID-19 and Russia-Ukraine War Influence on the Growth of the Industry | Sandvik, GKN Hoeganaes, LPW Technology, Carp

Metal 3D printing processes be used to manufacture complex, bespoke parts with geometries that traditional manufacturing methods are unable to produce.
Metal 3D printed parts can be topologically optimized to maximize their performance while minimizing their weight and the total number of components in an assembly.
Metal 3D printed parts have excellent physical properties and the available material range includes difficult to process otherwise materials, such as metal super alloys.
The material and manufacturing costs connected with metal 3D printing is high, so these technologies are not suitable for parts that can be easily manufactured with traditional methods.

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Market Analysis and Insights: Global Metal Material Based 3D Printing Market
Due to the COVID-19 pandemic, the global Metal Material Based 3D Printing market size is estimated to be worth US$ 678.7 million in 2022 and is forecast to a readjusted size of US$ 3328.7 million by 2029 with a CAGR of 25.2% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Iron-based accounting for % of the Metal Material Based 3D Printing global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Aerospace and Defense segment is altered to an % CAGR throughout this forecast period.

Global Metal Material Based 3D Printing main players are Sandvik, Carpenter Technology, Arcam AB, Hoganas, etc. Global top four manufacturers hold a share over 40%. Europe is the largest market, with a share nearly 70%.

Global Metal Material Based 3D Printing Scope and Market Size
The global Metal Material Based 3D Printing market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Metal Material Based 3D Printing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.

Segment by Type
- Iron-based
- Titanium
- Nickel
- Aluminum

Segment by Application
- Aerospace and Defense
- Tool and Mold Making
- Automotive
- Healthcare
- Academic Institutions

By Region
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Other Regions

By Company
- Sandvik
- GKN Hoeganaes
- LPW Technology
- Carpenter Technology
- Erasteel
- Arcam AB
- Hoganas
- HC Starck
- AMC Powders
- Praxair
- Concept Laser
- EOS
- Jingye Group
- Osaka Titanium

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This release was published on openPR.