Press release
How Metal Additive Manufacturing is Transforming the Industry Landscape
Metal additive manufacturing (MAM), also known as metal 3D printing, is a process of creating metal parts and products layer by layer using a computer-aided design (CAD) model. MAM offers several advantages over traditional manufacturing methods, such as reduced material waste, lower energy consumption, faster production time, and greater design flexibility. MAM can produce complex and customized shapes that are difficult or impossible to achieve with conventional techniques.According to a report by Allied Market Research, the The global metal additive manufacturing market size was valued at $2.6 billion in 2021, and is projected to reach $14.1 billion by 2031, growing at a CAGR of 18.1% from 2022 to 2031.. The key drivers of the MAM market are the increasing demand for complex and functional parts, the rising adoption of MAM in various industries, and the technological advancements in MAM systems and materials.
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MAM has a wide range of applications in various industries, such as aerospace, automotive, medical, energy, and defense. MAM can create lightweight and high-performance components for aircraft engines, rockets, satellites, cars, implants, turbines, and weapons. MAM can also enable mass customization and personalization of products, such as jewelry, art, and consumer goods.
The MAM market can be segmented by type, component, end-user industry, and region. By type, the MAM market can be divided into powder bed fusion, directed energy deposition, binder jetting, sheet lamination, and others. By component, the MAM market can be split into hardware, software, and services. By end-user industry, the MAM market can be categorized into aerospace and defense, automotive, medical and dental, energy, and others. By region, the MAM market can be analyzed across North America, Europe, Asia-Pacific, and the rest of the world.
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The MAM market is highly competitive and fragmented, with the presence of several players, both large and small. Some of the major players in the MAM market are GE Additive, EOS, 3D Systems, Stratasys, Renishaw, SLM Solutions, ExOne, Desktop Metal, Velo3D, and Markforged. These players are adopting various strategies, such as product launches, partnerships, acquisitions, expansions, and investments, to gain a competitive edge and increase their market share.
The MAM market is expected to witness significant growth and innovation in the coming years, as MAM becomes more accessible, affordable, and reliable. MAM can offer new possibilities and opportunities for various industries and sectors, as well as for consumers and society. MAM can also contribute to the sustainable development goals, such as reducing greenhouse gas emissions, enhancing resource efficiency, and improving quality of life.
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Stakeholder Advantages in Focus
This report presents a comprehensive evaluation of market segments, current trends, estimates, and dynamics within the metal additive manufacturing market from 2021 to 2031. Its objective is to discern the existing opportunities in the metal additive manufacturing market. The research encompasses key insights into drivers, limitations, and prospects, supporting stakeholders in making informed and profit-driven decisions, while also reinforcing their supplier-buyer relationships through a keen understanding of Porter's five forces analysis.
A thorough examination of the metal additive manufacturing market segmentation aids in identifying prevalent market opportunities. The report strategically maps major countries in each region based on their revenue contributions to the global market. Additionally, insights into market player positioning allow for benchmarking and a clear comprehension of the current standing of market participants.
This comprehensive report goes beyond global perspectives to analyze both regional and worldwide trends in the metal additive manufacturing market. It delves into key players, market segments, application areas, and provides an overarching view of the metal additive manufacturing market landscape.
Table Of Content
Chapter 1 : INTRODUCTION
Chapter 2 : EXECUTIVE SUMMARY
Chapter 3 : MARKET OVERVIEW
Chapter 4 : METAL ADDITIVE MANUFACTURING MARKET, BY TYPE
Chapter 5 : METAL ADDITIVE MANUFACTURING MARKET, BY COMPONENT
Chapter 6 : METAL ADDITIVE MANUFACTURING MARKET, BY END USER INDUSTRY
Chapter 7 : METAL ADDITIVE MANUFACTURING MARKET, BY REGION
Chapter 8 : COMPANY LANDSCAPE
Chapter 9 : COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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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