Metal additive manufacturing market size to grow by USD 7,574.3 million from 2022 to 2027: Increased preference for additive manufacturing to boost growth - Technavio
The global metal additive manufacturing market is projected to grow by
- Projected market growth of USD 7,574.3 million from 2022 to 2027.
- CAGR of 20.84% indicating strong market momentum.
- Reduction in material wastage and assembly time through additive manufacturing.
- High production costs due to expensive raw materials and machinery.
Discover the key insights on market size for the historic period (2017 to 2021), and forecast period (2023-2027) - Request a sample report
Metal additive manufacturing market – Vendor analysis
Vendor Landscape –
The global metal additive manufacturing market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer metal additive manufacturing in the market are 3D Systems Corp., 3DEO Inc.,
Global vendors have a strong footprint in various geographies. They focus on developing high-quality, innovative products for metal additive manufacturing. Prominent vendors are trying to remain competitive and gain market revenue by establishing a strong customer base. They compete in terms of quality, price, and reliability.
What's New? -
- Special coverage on the
Russia -Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession - Global competitiveness and key competitor positions
- Market presence across multiple geographical footprints - Strong/active/niche/trivial
Vendor offerings -
- EOS
GmbH - The company offers solutions for metal additive manufacturing, which is used for manufacturing in demanding industries such as aerospace, automotive, medical, tool, and turbomachinery. - General Electric Co. - The company offers solutions for metal additive manufacturing, with a portfolio of metal materials, including aluminum, cobalt chrome, nickel alloys, titanium, refractive metals, stainless steel, and tool steels.
Hoganas AB - The company offers solutions for metal additive manufacturing, where no support structures are needed, and the surrounding powder provides all the necessary support to print the part while simultaneously maximizing the build volume.Materialise NV - The company offers solutions for metal additive manufacturing for materials such as aluminum, titanium, stainless steel, and Inconel.- For details on vendors and their offerings – Request a sample report
Metal additive manufacturing market - Segmentation assessment
Segment overview
Technavio has segmented the market based on type (selective laser melting and electron beam melting), application (aerospace, healthcare, tools and mold, automobile, and others), and geography (
- The selective laser melting segment will account for a significant share of market growth during the forecast period. SLM technology is widely used in various industries, such as aerospace, automotive, consumer products, and medical device fields. When compared to traditional manufacturing techniques, additive manufacturing technology has various advantages, such as the capacity to produce various parts with highly complex shapes in a shorter span of time.
Geography overview
The report provides actionable insights and estimates the contribution of all regions to the growth of the global metal additive manufacturing market.
North America is estimated to account for43% of the growth of the global market during the forecast period. The US,Canada , andMexico are the key countries in the market inNorth America .North America is a mature economy owing to investments in various industries, such as automotive, chemical, and tools and molding. An increase in the demand from the aerospace and healthcare industries is expected to drive the demand for metal additive manufacturing.
For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a sample report
Metal additive manufacturing market – Market dynamics
Key trends – Advances in new materials are key trends in the market. Metals such as steel and titanium are used in additive manufacturing, especially for producing parts for industrial usage. Ceramic materials such as alumina and zirconia, which are difficult to make conventionally, can also be 3D printed. The growth potential of the additive manufacturing industry is high, though 3D printing has a lot of potential for creating eco-friendly products. Thus, advances in new materials will support the growth of the global metal additive manufacturing market during the forecast period.
Major challenges - High production costs are challenging market growth. The high cost of machines and metal powder increases the production cost. Small coarse-grain metal powders, such as aluminum, steel, and iron, are expensive, which is expected to hinder market growth. For instance, the stainless steel used in metal additive manufacturing costs around
What are the key data covered in this metal additive manufacturing market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the metal additive manufacturing market between 2023 and 2027
- Precise estimation of the size of the metal additive manufacturing market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the metal additive manufacturing market across
North America ,Europe , APAC,South America , andMiddle East andAfrica - A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of metal additive manufacturing market vendors
Subscribe to get instant lifetime access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Related Reports:
The metal bonding adhesives market size is expected to increase by
The metal chelates market size is expected to increase by
Metal Additive Manufacturing Market Scope | |
Report Coverage | Details |
Base year | Base year |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of |
Market growth 2023-2027 | |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 20.6 |
Regional analysis | |
Performing market contribution | |
Key countries | US, |
Competitive landscape | Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled | 3D Systems Corp., 3DEO Inc., |
Market dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio materials market reports
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global metal additive manufacturing market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global metal additive manufacturing market 2017 - 2021 ($ million)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 Selective laser melting - Market size and forecast 2022-2027
- Exhibit 34: Chart on Selective laser melting - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Selective laser melting - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Selective laser melting - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Selective laser melting - Year-over-year growth 2022-2027 (%)
- 6.4 Electron beam melting - Market size and forecast 2022-2027
- Exhibit 38: Chart on Electron beam melting - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Electron beam melting - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Electron beam melting - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Electron beam melting - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 43: Chart on Application - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 45: Chart on Comparison by Application
- Exhibit 46: Data Table on Comparison by Application
- 7.3 Aerospace - Market size and forecast 2022-2027
- Exhibit 47: Chart on Aerospace - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Aerospace - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Aerospace - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Aerospace - Year-over-year growth 2022-2027 (%)
- 7.4 Healthcare - Market size and forecast 2022-2027
- Exhibit 51: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
- 7.5 Tools and mold - Market size and forecast 2022-2027
- Exhibit 55: Chart on Tools and mold - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Tools and mold - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Tools and mold - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Tools and mold - Year-over-year growth 2022-2027 (%)
- 7.6 Automobile - Market size and forecast 2022-2027
- Exhibit 59: Chart on Automobile - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Automobile - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Automobile - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Automobile - Year-over-year growth 2022-2027 (%)
- 7.7 Others - Market size and forecast 2022-2027
- Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by Application
- Exhibit 67: Market opportunity by Application ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 69: Chart on Market share by geography 2022-2027 (%)
- Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 71: Chart on Geographic comparison
- Exhibit 72: Data Table on Geographic comparison
- 9.3
North America - Market size and forecast 2022-2027 - Exhibit 73: Chart on
North America - Market size and forecast 2022-2027 ($ million) - Exhibit 74: Data Table on
North America - Market size and forecast 2022-2027 ($ million) - Exhibit 75: Chart on
North America - Year-over-year growth 2022-2027 (%) - Exhibit 76: Data Table on
North America - Year-over-year growth 2022-2027 (%)
- 9.4
Europe - Market size and forecast 2022-2027 - Exhibit 77: Chart on
Europe - Market size and forecast 2022-2027 ($ million) - Exhibit 78: Data Table on
Europe - Market size and forecast 2022-2027 ($ million) - Exhibit 79: Chart on
Europe - Year-over-year growth 2022-2027 (%) - Exhibit 80: Data Table on
Europe - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6
South America - Market size and forecast 2022-2027 - Exhibit 85: Chart on
South America - Market size and forecast 2022-2027 ($ million) - Exhibit 86: Data Table on
South America - Market size and forecast 2022-2027 ($ million) - Exhibit 87: Chart on
South America - Year-over-year growth 2022-2027 (%) - Exhibit 88: Data Table on
South America - Year-over-year growth 2022-2027 (%)
- 9.7
Middle East andAfrica - Market size and forecast 2022-2027 - Exhibit 89: Chart on
Middle East andAfrica - Market size and forecast 2022-2027 ($ million) - Exhibit 90: Data Table on
Middle East andAfrica - Market size and forecast 2022-2027 ($ million) - Exhibit 91: Chart on
Middle East andAfrica - Year-over-year growth 2022-2027 (%) - Exhibit 92: Data Table on
Middle East andAfrica - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9
China - Market size and forecast 2022-2027 - Exhibit 97: Chart on
China - Market size and forecast 2022-2027 ($ million) - Exhibit 98: Data Table on
China - Market size and forecast 2022-2027 ($ million) - Exhibit 99: Chart on
China - Year-over-year growth 2022-2027 (%) - Exhibit 100: Data Table on
China - Year-over-year growth 2022-2027 (%)
- 9.10
Germany - Market size and forecast 2022-2027 - Exhibit 101: Chart on
Germany - Market size and forecast 2022-2027 ($ million) - Exhibit 102: Data Table on
Germany - Market size and forecast 2022-2027 ($ million) - Exhibit 103: Chart on
Germany - Year-over-year growth 2022-2027 (%) - Exhibit 104: Data Table on
Germany - Year-over-year growth 2022-2027 (%)
- 9.11
UK - Market size and forecast 2022-2027 - Exhibit 105: Chart on
UK - Market size and forecast 2022-2027 ($ million) - Exhibit 106: Data Table on
UK - Market size and forecast 2022-2027 ($ million) - Exhibit 107: Chart on
UK - Year-over-year growth 2022-2027 (%) - Exhibit 108: Data Table on
UK - Year-over-year growth 2022-2027 (%)
- 9.12
France - Market size and forecast 2022-2027 - Exhibit 109: Chart on
France - Market size and forecast 2022-2027 ($ million) - Exhibit 110: Data Table on
France - Market size and forecast 2022-2027 ($ million) - Exhibit 111: Chart on
France - Year-over-year growth 2022-2027 (%) - Exhibit 112: Data Table on
France - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 113: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 114: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 116: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 117: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 118: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 119: Matrix on vendor position and classification
- 12.3 3D Systems Corp.
- Exhibit 120: 3D Systems Corp. - Overview
- Exhibit 121: 3D Systems Corp. - Business segments
- Exhibit 122: 3D Systems Corp. - Key news
- Exhibit 123: 3D Systems Corp. - Key offerings
- Exhibit 124: 3D Systems Corp. - Segment focus
- 12.4 3DEO Inc.
- Exhibit 125: 3DEO Inc. - Overview
- Exhibit 126: 3DEO Inc. - Product / Service
- Exhibit 127: 3DEO Inc. - Key offerings
- 12.5 Additive Industries BV
- Exhibit 128:
Additive Industries BV - Overview - Exhibit 129:
Additive Industries BV - Product / Service - Exhibit 130:
Additive Industries BV - Key offerings
- 12.6 DMG MORI Co. Ltd.
- Exhibit 131: DMG MORI Co. Ltd. - Overview
- Exhibit 132: DMG MORI Co. Ltd. - Business segments
- Exhibit 133: DMG MORI Co. Ltd. - Key offerings
- Exhibit 134: DMG MORI Co. Ltd. - Segment focus
- 12.7
EOS GmbH - Exhibit 135:
EOS GmbH - Overview - Exhibit 136:
EOS GmbH - Product / Service - Exhibit 137:
EOS GmbH - Key offerings
- 12.8 General Electric Co.
- Exhibit 138: General Electric Co. - Overview
- Exhibit 139: General Electric Co. - Business segments
- Exhibit 140: General Electric Co. - Key news
- Exhibit 141: General Electric Co. - Key offerings
- Exhibit 142: General Electric Co. - Segment focus
- 12.9
Hoganas AB - Exhibit 143:
Hoganas AB - Overview - Exhibit 144:
Hoganas AB - Product / Service - Exhibit 145:
Hoganas AB - Key offerings
- 12.10
Materialise NV - Exhibit 146:
Materialise NV - Overview - Exhibit 147:
Materialise NV - Business segments - Exhibit 148:
Materialise NV - Key news - Exhibit 149:
Materialise NV - Key offerings - Exhibit 150:
Materialise NV - Segment focus
- 12.11 Norsk Titanium AS
- Exhibit 151: Norsk Titanium AS - Overview
- Exhibit 152: Norsk Titanium AS - Product / Service
- Exhibit 153: Norsk Titanium AS - Key offerings
- 12.12
Optomec Inc. - Exhibit 154:
Optomec Inc. - Overview - Exhibit 155:
Optomec Inc. - Product / Service - Exhibit 156:
Optomec Inc. - Key offerings
- 12.13 Renishaw Plc
- Exhibit 157: Renishaw Plc - Overview
- Exhibit 158: Renishaw Plc - Business segments
- Exhibit 159: Renishaw Plc - Key offerings
- Exhibit 160: Renishaw Plc - Segment focus
- 12.14
Sciaky Inc. - Exhibit 161:
Sciaky Inc. - Overview - Exhibit 162:
Sciaky Inc. - Product / Service - Exhibit 163:
Sciaky Inc. - Key offerings
- 12.15 SLM Solutions Group AG
- Exhibit 164: SLM Solutions Group AG - Overview
- Exhibit 165: SLM Solutions Group AG - Business segments
- Exhibit 166: SLM Solutions Group AG - Key offerings
- Exhibit 167: SLM Solutions Group AG - Segment focus
- 12.16 Stratasys Ltd.
- Exhibit 168: Stratasys Ltd. - Overview
- Exhibit 169: Stratasys Ltd. - Product / Service
- Exhibit 170: Stratasys Ltd. - Key news
- Exhibit 171: Stratasys Ltd. - Key offerings
- 12.17
TRUMPF SE Co. KG - Exhibit 172:
TRUMPF SE Co. KG - Overview - Exhibit 173:
TRUMPF SE Co. KG - Business segments - Exhibit 174:
TRUMPF SE Co. KG - Key offerings - Exhibit 175:
TRUMPF SE Co. KG - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 176: Inclusions checklist
- Exhibit 177: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 178: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 179: Research methodology
- Exhibit 180: Validation techniques employed for market sizing
- Exhibit 181: Information sources
- 13.5 List of abbreviations
- Exhibit 182: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Media & Marketing Executive
US: +1 844 364 1100
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/metal-additive-manufacturing-market-size-to-grow-by-usd-7-574-3-million-from-2022-to-2027-increased-preference-for-additive-manufacturing-to-boost-growth---technavio-301802031.html
SOURCE Technavio
FAQ
What is the expected market size for metal additive manufacturing from 2022 to 2027?
What is the CAGR for the global metal additive manufacturing market?
Which region will contribute most to the growth of the metal additive manufacturing market?
What are the main drivers of growth in the metal additive manufacturing market?