Press release
Metal Additive Manufacturing Market Research Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2031
In 2021, the global market for metal additive manufacturing reached a valuation of $2.6 billion, and projections indicate a substantial growth to $14.1 billion by 2031, showcasing a robust compound annual growth rate (CAGR) of 18.1% from 2022 to 2031. Commonly known as 3D metal printing, metal additive manufacturing is a specialized process that utilizes metal powder, wire, or metal sheets to manufacture metal components. Machinery equipped with lasers or electron beams heats metal in powder or wire form, consolidating it into the desired object.Download Sample Copy: https://www.alliedmarketresearch.com/request-sample/26226
The COVID-19 pandemic had a significant impact on the metal additive manufacturing market, leading to reduced research and development (R&D) activities and installation challenges during lockdown periods.
Metal additive manufacturing presents numerous advantages over traditional manufacturing methods, particularly in the production of customized, finely detailed, and complex products, as well as working metal prototypes. Despite not replacing traditional mass manufacturing methods, it offers benefits such as reduced waste generation, accelerated production, and the recreation of legacy parts, influencing positive market growth.
Industries utilizing metal in their processes, such as automotive, aerospace, and healthcare, are experiencing rapid growth globally. The automotive industry, in particular, is expected to recover to pre-COVID-19 levels in the next two years, driving the demand for metal additive manufacturing in prototyping jobs. The aerospace sector, boosted by globalization and increased air travel, is also contributing to market growth. Additionally, the demand in the healthcare sector for custom-made surgical and dental implants using metal additive manufacturing is positively impacting market expansion.
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To navigate intense competition, major players in the industry are expanding their businesses. For instance, in July 2022, EOS GmbH introduced four new metal materials for additive manufacturing on the EOS M 290 metal system, enhancing their product portfolio.
As the global community recovers from the COVID-19 pandemic, the metal additive manufacturing industry is witnessing signs of recovery and resurgence. The utilization of metal additive manufacturing in the electronics industry for manufacturing small custom parts and specialized circuit boards further contributes to its growth. The rise in industrialization and advancements in 3D metal printing technology are expected to provide lucrative opportunities for industry growth during the forecast period.
I. Introduction
A. Definition of Metal Additive Manufacturing
B. Transformative Impact on Traditional Manufacturing Processes
C. Purpose of the Blog
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II. Metal Additive Type
A. Overview of Metal Additive Manufacturing Techniques
1. Powder Bed Fusion (PBF)
2. Directed Energy Deposition (DED)
3. Binder Jetting
B. Applications and Advantages of Each Metal Additive Type
III. End-user Industry
A. Diverse Applications Across Industries
1. Aerospace and Defense
2. Healthcare and Medical Devices
3. Automotive and Transportation
IV. Key Market Players
A. Leading Companies in Metal Additive Manufacturing
1. Market Share and Industry Dominance
2. Innovations and Strategic Collaborations
V. Opportunity Analysis
A. Growth Prospects in Metal Additive Manufacturing
1. Adoption of Metal 3D Printing in Production Processes
2. Customization and Design Freedom
B. Evolving Materials and Technologies
1. Advancements in Metal Powders
2. Integration of Artificial Intelligence in Metal Additive Manufacturing
VI. Industry Forecast
A. Predictions for the Metal Additive Manufacturing Market
1. Anticipated Market Size and Growth
2. Factors Shaping the Future Landscape
For More Information: https://www.alliedmarketresearch.com/metal-additive-manufacturing-market-A25776
Conclusion:
VII. Shaping the Future of Manufacturing: Summary of Key Insights
A. Encouraging Innovation, Customization, and Sustainability in Metal Additive Manufacturing
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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