Metal Additive Manufacturing Market Expected to Reach $15 Billion by 2031, Says AMR

Metal Additive Manufacturing Market," The metal additive manufacturing market size was valued at $2.6 billion in 2021, and is estimated to reach $14.1 billion by 2031, growing at a CAGR of 18.1% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/metal-additive-manufacturing-market-A25776

Commonly observed types of metal additive manufacturing are powder bed fusion, binder jetting, direct energy deposition, and bound powder extrusion. Among these, powder bed fusion segment accounted for the highest market share in 2021, owing to its ease of use and precision. The market is analyzed with respect to different components of metal additive manufacturing, such as systems, materials, and service & parts. Among these, service & parts segment is expected to witness growth with a high CAGR, owing to increased demand for emerging economies. In addition, by end-user industry, it is based on aerospace, automotive, healthcare, and others. Among these, aerospace segment registered the highest revenue in 2021. Furthermore, the market is mainly driven by rise in population and their disposable income, which eventually drives demand in healthcare, automotive, and aerospace industries. However, high initial cost is anticipated to constrains the metal additive manufacturing market growth.

In 2021, North America dominated the global metal additive manufacturing market share in terms of revenue, followed by Europe and Asia-Pacific. Moreover, the market in Asia-Pacific is expected to grow at a high CAGR, owing to growth in sectors such as automotives, electronics, and healthcare.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 : https://www.alliedmarketresearch.com/metal-additive-manufacturing-market-A25776

The key players in metal additive manufacturing are constantly working on making their offerings efficient and production-friendly. For instance, Rapida, a 3D metal printer manufacturer, offers a water-based bound powder extrusion 3D metal printing machine. The components made using this printer do not require debinding as there is no excess material in the final product.

However, during the pandemic lockdown, various manufacturers in the metal additive manufacturing market had to stop their business in countries such as China, the U.S., and India. This break directly impacted sales of metal additive manufacturing companies in the initial lockdowns. In addition, lack of manpower and raw materials constricted supply of raw materials for metal additive manufacturing and negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.

Key companies profiled in the metal additive manufacturing market forecast report 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.

𝐒𝐩𝐞𝐚𝐤 𝐖𝐢𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 : https://www.alliedmarketresearch.com/connect-to-analyst/26226

𝐁𝐫𝐨𝐰𝐬𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 : https://www.alliedmarketresearch.com/request-sample/26226

Key Findings of the Study

The report provides an extensive analysis of the current and emerging metal additive manufacturing market trends and dynamics.
Depending on the type, the horizontal segment dominated the metal additive manufacturing market in terms of revenue in 2021, and the vertical segment is projected to grow at a significant CAGR during the forecast period.
By type, the powder bed fusion segment accounted for the highest market in terms of revenue in 2021.
By components, service & parts segment is expected to grow at a higher CAGR.
By end-user industry, aerospace segment registered the highest revenue in 2021.
Asia-Pacific is projected to register the highest growth rate in the coming years.
The key players within the metal additive manufacturing market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand competitive outlook of the metal additive manufacturing industry.
The report provides an extensive analysis of the current trends and emerging opportunities of the market.
In-depth metal additive manufacturing market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.