3D Printing Metals Market is Forecasted to Reach US$ 8.3 Billion in 2028, Says Stratview Research

The global 3D printing metals market is projected to witness a growth rate of 31% annually from 2023 to 2028, with an anticipated size of US$ 8.3 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global 3D printing metals market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 8.3 billion
Growth (CAGR): 31% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the 3D Printing Metals Market:

The global 3D Printing Metals market is segmented based on Form type, Metal type, End-Use Industry type, and Region.
Based on form type - The 3D printing metals market is divided into powder form, filament form and others. The powder form has accounted for the largest share in this market and is anticipated to maintain its dominance during the forecast period due to its capability of fabricating complex and lightweight structures with high accuracy. The spherical shape of the metal powder particles is ideal for producing the components with high density, strength and uniformity. Metal powder-based 3D printing is widely used in automotive industry, and aerospace & defence industry, for the production of their engine components and spare parts.

Based on metal type - The market for 3D printing metals by metal type is divided into titanium, aluminium, nickel, stainless steel, silver, gold, and others. Titanium is leading the market with largest share because of its characteristics like lightweight, high tensile strength, excellent heat resistance and corrosion resistance. The expansion of titanium metal is due to the increasing need for 3D printed metal components from the automotive, and aerospace & defence industries.
According to a report provided by the U.S. Bureau of Labour Statistics, the motor vehicle and parts manufacturing industry in the United States increased by 8.4% year on year from February 2021 to February 2022. Furthermore, the introduction of lightweight electric vehicles may aggressively infiltrate the global 3D Printing Metals market's growth of the automotive segment.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/852/3d-printing-metals-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

In terms of region, North America has dominated the 3D printing metals market. The growing aerospace & defence sector and healthcare sector in this region has significantly driven the growth.

North America, particularly the U.S., is the center for production of the aerospace and defence components, necessitating advanced production technologies. This enables the region to manufacture high-performance components, which in turn fuels a strong demand for 3D printing metals. In addition, 3D printing metals also have significant applications in the healthcare and automotive sectors in North America.

Asia-pacific region is projected to record the fastest growth in 3D printing metals market throughout the forecast period. The growth is driven by the developing nations' aim towards rapid industrialization and increased adoption of advanced manufacturing technologies.

3D Printing Metals Market Drivers:
Some of the key drivers listed in the report are given below.
• Rising Adoption in Aerospace & Automotive - Demand for lightweight, high-strength components drives the use of 3D-printed metals.
• Advancements in Metal Additive Manufacturing - Innovations in printing technologies enhance precision, efficiency, and material capabilities.
• Growing Customization & Complex Designs - Industries seek cost-effective, intricate metal parts with reduced material wastage.
• Expansion in Medical & Dental Applications - Increasing use of biocompatible metal implants and prosthetics fuels market growth.
• Sustainability & Reduced Material Waste - 3D printing minimizes waste and supports eco-friendly manufacturing processes.
Top Companies in the 3D Printing Metals Market:
Stratview Research has identified the following companies as the top market players.
• 3D Systems Corporation
• EOS GmbH
• GE Additive
• Hoganas AB
• Materialise NV
• Renishaw plc
• Sandvik AB
• Stratasys Ltd.
• The Exone Company
• Voxeljet AG
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the 3D Printing Metals Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Explore more reports here:

• 3D Printing Powder Market: https://www.stratviewresearch.com/853/3d-printing-powder-market.html

• 3D Printing Materials Market: https://www.stratviewresearch.com/851/3d-printing-materials-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.