Press release
Global Metal Additive Manufacturing Market: Rising Trends, Profitable Drivers, Market Size Projection, and Key Player Analysis for 2024-2029
Metal Additive Manufacturing Market
The global Metal Additive Manufacturing Market has seen notable growth and is forecasted to continue this trend in the near future.
• Market size in 2024: $5.29 billion.
• Market size in 2025: $6.11 billion (15.4% CAGR).
• Expected market size in 2029: $11.49 billion (17.1% CAGR).
The growth is primarily attributed to increased adoption in sectors including automotive, aerospace, healthcare, and manufacturing. The educational institutions' growth, improved efficiency, focus on cost and weight reduction are predicted to fuel the market's growth.
What Is Driving The Growth In The Metal Additive Manufacturing Market?
The surge in growth of the metal additive manufacturing market is largely due to its increased use in the aerospace industry. The industry's adoption of this technology is promoting the production of lightweight elements designed to reduce aircraft weight and improve fuel efficiency. For instance, the Australian Bureau of Statistics reported an increase in EBITDA of manufacturing industries in Australia from 50,446 in 2021 to 51,574 in 2022, reflecting the increasing use of metal additive manufacturing technologies.
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Who Are the Key Players Driving Metal Additive Manufacturing Market Growth?
There are several key players in the metal additive manufacturing market, including:
• Trumpf Inc.
• Lincoln Electric Additive Solutions
• DMG Mori Seiki Co. Ltd.
• Hoganas AB
• EOS GmbH
• Renishaw PLC
• Stratasys Ltd.
• Materialise NV
• Desktop Metal Inc.
• SLM Solutions Group AG
• Markforged Inc.
• FormLabs Inc.
• The ExOne Co.
• AddUp Solutions SAS
• Voxeljet AG
• Optomec Inc.
• SISMA SpA
• Additive Industries B.V.
• 3DEO Inc.
• GE Additive
• Triditive SL
• Farsoon Technologies Co. Ltd.
• XJet Ltd.
• Sciaky Inc.
• Norsk Titanium AS
• Titomic Ltd.
• Wuhan Huake 3D Technology Co. Ltd.
• Xact Metal
• XiAn Bright Laser Technologies Co. Ltd.
• 3D Systems Inc.
What Are The Key Trends In The Metal Additive Manufacturing Market?
The key trends in the Metal Additive Manufacturing Market include:
• Advancements in 3D printing.
• Integration of automation and streamlined workflows.
• Technological innovations.
• Product innovations.
What Are The Segments Of The Global Metal Additive Manufacturing Market?
- By Type: Selective Laser Melting (SLM), Electron Beam Melting (EBM), Powder Bed Fusion, Sheet Lamination, Directed Energy Deposition, Binder Jetting.
- By Component: System, Materials, Services, and Parts.
- By Application: Automotive Industry, Aerospace Industry, Healthcare and Dental Industry, Tools and Mold, Academic Institutions, Other Applications.
Which Region Leads The Metal Additive Manufacturing Market?
North America was the largest region in the Metal Additive Manufacturing Market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metal additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Metal Additive Manufacturing Market Global Market Report?
- Market Size Analysis: Analyze the Metal Additive Manufacturing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Metal Additive Manufacturing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Metal Additive Manufacturing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Metal Additive Manufacturing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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