Global Metal Additive Manufacturing Market Projected to Grow at 16.7% CAGR, Reaching $11.18 Billion by 2029

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What Will the Metal Additive Manufacturing Industry Market Size Be by 2025?
In the past few years, the metal additive manufacturing market has seen swift expansion. The market size is projected to increase from $5.29 billion in 2024 to $6.02 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 13.8%. The significant growth during the historic period can be credited to worldwide industrialization, expanded use in the automotive industry, growing aerospace industry, developing healthcare sector, and an uptick in the manufacturing industry.

What's the Long-Term Growth Forecast for the Metal Additive Manufacturing Market Size Through 2029?
The market size of metal additive manufacturing is predicted to witness an accelerated expansion in the coming years. By 2029, it is anticipated to reach $11.18 billion, growing at a compound annual growth rate (CAGR) of 16.7%. This forecasted growth can be linked to the expanding dental sector, increase in educational institutions, enhancement in efficiency, growing emphasis on cost and weight reduction. Major trends for this period encompass progress in 3D printing, the incorporation of automation, streamlined workflows, technological and product innovations.

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What Are the Key Growth Drivers Fueling the Metal Additive Manufacturing Market Expansion?
The increase in the use of metal additive manufacturing technologies in the aviation sector is anticipated to boost the metal additive manufacturing market's growth. The aerospace industry includes the formulation, advancement, manufacture, operation, and upkeep of aircraft, spacecraft, satellites, and associated components. Within the aerospace industry, metal additive manufacturing is utilized to produce lightweight parts, decrease the weight of aircraft and spacecraft, enhance fuel economy and minimize emissions. As an example, the Australian Bureau of Statistics, a national statistics institution in Australia, stated in May 2024 that there was an upward trend in EBITDA within the manufacturing industries to 51,574 in 2022 from 50,446 in 2021. Thus, the rise in the use of metal additive manufacturing technologies in the aviation sector is contributing to the momentum of the metal additive manufacturing market.

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What Long-Term Trends Will Define the Future of the Metal Additive Manufacturing Market?
The primary tendency seen in the metal additive manufacturing market is the use of robots, a trend that is rapidly gaining traction. To increase productivity and their market share, many companies active in the metal additive manufacturing industry are employing robotic technologies. ADDiTEC, for instance, a US company specialising in metal additive manufacturing solutions and applications, launched the AMRC-P (additive manufacturing robot cell-portable), an efficient and fully automated robotic metal AM system, in November 2022. The AMRC-P can be adapted to any industrial robot to fit distinct business needs. The system is equipped with advanced software tools designed to facilitate intricate multi-axis geometric modeling, simplifying the printing process for both new and experienced users. The software package is customizable, enabling clients to meet all their specific parameter needs.

How Is the Metal Additive Manufacturing Market Segmented?
The metal additive manufacturing market covered in this report is segmented -

1) By Type: Selective Laser Melting (SLM), Electron Beam Melting (EBM), Powder Bed Fusion, Sheet Lamination, Directed Energy Deposition, Binder Jetting
2) By Component: System, Materials, Services And Parts
3) By Application: Automotive Industry, Aerospace Industry, Healthcare And Dental Industry, Tools And Mold, Academic Institutions, Other Applications

Subsegments:
1) By Selective Laser Melting (SLM): Metal Powder SLM, Alloy SLM
2) By Electron Beam Melting (EBM): Titanium EBM, Cobalt-Chromium EBM
3) By Powder Bed Fusion: Laser Powder Bed Fusion, Electron Beam Powder Bed Fusion
4) By Sheet Lamination: Laminated Object Manufacturing (LOM), Ultrasonic Additive Manufacturing (UAM)
5) By Directed Energy Deposition: Laser Directed Energy Deposition, Arc-Based Directed Energy Deposition
6) By Binder Jetting: Metal Binder Jetting, Composite Binder Jetting

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Which Companies Are Leading the Charge in Metal Additive Manufacturing Market Innovation?
Major companies operating in the metal additive manufacturing market include 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.

Which Regions Are Leading the Global Metal Additive Manufacturing Market in Revenue?
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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