Metal Additive Manufacturing Market Statistics, 2021-
Global Metal Additive Manufacturing Market Size Outlook, USD Billion, 2020-2030
The global Metal Additive Manufacturing market size is estimated to reach $20.1 Billion in 2030 from $2.8 Billion in 2020, at a CAGR of 22.85% between 2021 and 2028.
Metal Additive Manufacturing Industry Panorama, 2021
Additive manufacturing is one of the rapidly emerging technologies in manufacturing with the rapid shift in applications from mere plastic prototyping to mass production of complex parts across end-user verticals. The application verticals of the technology also expanded rapidly during the past few years including automotive, aerospace and defence, industrial applications, consumer goods, medical, academic institutions, oil and gas, electronics, railways, building, and construction. However, metal-based printing is largely restricted to dental, construction, aerospace, and automotive, among others.
Further, the industry witnessed a significant surge in the choice of materials used for printing including polymers, ceramics, and metals. Of these, metallic materials are attracting customers from both industrial and research segments. The main advantages of metal-based manufacturing offer advantages of reduced wastage, enhanced quality of the end product, lower pollutant emissions, and on-demand production.
Among metals, the choice of metals for printing is increasing steadily but those suitable for production in current conditions include aluminium and alloys, stainless steel, titanium, copper, nickel, platinum, palladium, tantalum, gold, silver, and others. A significant volume of the research on metal additive manufacturing is devoted to identifying new metals, alloys, and combinations for use in manufacturing. New materials such as magnetic alloys, functionally graded materials, nano architected metals, and others are widely being researched.
The United States stood the single largest market for 3D printing worldwide and is estimated to remain the largest market throughout the forecast period to 2030. The country accounted for 89.8% market share in the regional industry during 2020. Further, over the forecast period, the U.S. will register a CAGR of 22.97% by 2030.
Strong potential for market growth is encouraging companies to foray into the market. Several small and medium-scale companies operate in the industry. The majority of the companies compete in aerospace and defence, automotive, healthcare, and industrial tools segments. The companies often promote their offerings through product launch campaigns and marketing initiatives to reach big customers. Further, mergers, acquisitions, and collaborations form the key growth strategies of most players. Companies such as General Electric, Stratasys Ltd., and 3D Systems Inc. continue to invest in R&D, focusing on new materials, new processes, and new applications. The report profiles the business operations of five companies including Norsk Titanium AS, EOS Optical Systems, Stratasys Ltd, 3D Systems Corp., Materialise N.V.
Metal Additive Manufacturing Market Size by Technology, 2021
Metal Additive Manufacturing Market Trends- Mass production of components
The sales of metal additive manufacturing printers, materials, services, and software for mass-scale production of direct components is the main market driver for the expansion of the industry. Mass customization is set to drive the demand for complex and tailor-made designs.
Drive towards direct parts production is supporting the market growth. In particular, jewelry, home décor, fashion, watchmaking, and architecture industries are quickly adopting the technology. The technology offers design flexibility and freedom of creating using metals such as gold, titanium, and other metals.
Further, more spare parts and components are being planned for mass production in the automotive sector. Metal frames, functional electronics such as sensors and antenna patterns, and other components are also being produced on a mass scale for use in electronic devices such as smartphones, tablet components, and covers.
Mass customization is also one of the potential market drivers in the healthcare industry, as it offers design and production flexibility to build metal objects. Implants, devices, tools, and supplies are widely being produced in the industry, customized to individual requirements.
Metal Additive Manufacturing Market Report Segmentation
1. TABLE OF CONTENTS 2
List of Tables 6
List of Figures 8
2. EXECUTIVE SUMMARY 11
Summary 11
Metal Additive Manufacturing Industry Outlook, 2020 – 2030 12
Abbreviations 13
3. INTRODUCTION TO METAL ADDITIVE MANUFACTURING MARKET 14
Market Segments - Types, Applications, and Regions 14
Research Methodology 15
4. MACRO FACTORS SHAPING THE MARKET OUTLOOK 16
Economic Factors 16
Demographic Factors 17
5. OVERVIEW OF THE METAL ADDITIVE MANUFACTURING MARKET 18
Metal Additive Manufacturing Industry Panorama, 2022 18
Metal Additive Manufacturing Companies Profiles in the Report 20
Metal Additive Manufacturing Market Dynamics 20
Increasing demand from the aerospace & defence industries 21
Mass production of Metal Additive Manufacturing components 22
Potential Opportunities in academic institutions 22
Increased usage of metal-based additive manufacturing in Industrial Applications 23
Market Challenges 24
High production costs of Metal Additive Manufacturing 24
Inferior Technical Properties 24
Regional Analysis 26
6. TRENDS IN METAL ADDITIVE MANUFACTURING MARKET TYPES 27
Largest Types 27
Powder Bed Fusion Metal Additive Manufacturing Market Outlook 28
Directed Energy Deposition Metal Additive Manufacturing Market Outlook 30
Material/Binder Jetting Metal Additive Manufacturing Market Outlook 31
Material Extrusion Metal Additive Manufacturing Market Outlook 32
Other Technologies 33
7. GLOBAL OUTLOOK ACROSS COVID-19 SCENARIOS 34
Post COVID Recovery Scenario 35
Pre COVID Growth Scenario 36
8. TRENDS IN METAL ADDITIVE MANUFACTURING APPLICATION VERTICALS 37
Metal Additive Manufacturing Market Outlook in Aerospace and Defense 38
Metal Additive Manufacturing Market Outlook in Medical 40
Metal Additive Manufacturing Market Outlook in Automotive 42
Metal Additive Manufacturing Market Outlook in Tools and Molds 44
Metal Additive Manufacturing Market Outlook in Research 45
Metal Additive Manufacturing Market Outlook in Other Applications 46
9. NORTH AMERICA METAL ADDITIVE MANUFACTURING MARKET OUTLOOK 47
North America Metal Additive Manufacturing Market Size Outlook 47
North America Metal Additive Manufacturing Market Trends and Opportunities 48
Powder Bed Fusion dominates the North American Metal Additive Manufacturing Market 48
Aerospace and Defence is the leading consumers of Metal Additive Manufacturing in North America 49
The US dominates the North American Metal Additive Manufacturing Market 50
Market Outlook by Country 51
United States Metal Additive Manufacturing Market Size Outlook 51
Canada Metal Additive Manufacturing Market Size Outlook 53
Mexico Metal Additive Manufacturing Market Size Outlook 55
10. EUROPE METAL ADDITIVE MANUFACTURING MARKET ANALYSIS 57
Europe Metal Additive Manufacturing Market Size Outlook 57
Metal Additive Manufacturing Market Trends and Opportunities 58
Powder Bed Fusion dominates the European Metal Additive Manufacturing Market 58
Aerospace and Defence is the leading consumers of Metal Additive Manufacturing in Europe 59
Germany dominates the European Metal Additive Manufacturing Market 60
Market Outlook by Country 61
Germany Metal Additive Manufacturing Market Size Outlook 61
United Kingdom Metal Additive Manufacturing Market Size Outlook 63
France Metal Additive Manufacturing Market Size Outlook 64
Spain Metal Additive Manufacturing Market Size Outlook 66
Italy Metal Additive Manufacturing Market Size Outlook 67
Other Europe Metal Additive Manufacturing Market Size Outlook 67
11. ASIA PACIFIC METAL ADDITIVE MANUFACTURING MARKET 68
Asia Pacific Metal Additive Manufacturing Market Size Outlook 68
Asia Pacific Metal Additive Manufacturing Market Trends and Opportunities 69
Powder Bed Fusion dominate the Asia Pacific Metal Additive Manufacturing Market 69
Aerospace and Defence is the leading consumers of Metal Additive Manufacturing in Asia Pacific 70
China dominates the Asia Pacific Metal Additive Manufacturing slices Market 71
Market Outlook by Country 72
China Metal Additive Manufacturing Market Size Outlook 72
India Metal Additive Manufacturing Market Size Outlook 74
Japan Metal Additive Manufacturing Market Size Outlook 76
South Korea Metal Additive Manufacturing Market Size Outlook 77
Other Asia Pacific Metal Additive Manufacturing Market Size Outlook 78
12. LATIN AMERICA METAL ADDITIVE MANUFACTURING MARKET 79
Latin America Metal Additive Manufacturing Market Size Outlook 79
Latin America Metal Additive Manufacturing Market Trends and Opportunities 80
Powder Bed Fusion dominates the Latin American Metal Additive Manufacturing Market 80
Brazil dominates the Latin America Metal Additive Manufacturing slices Market 81
Market Outlook by Country 82
Brazil Metal Additive Manufacturing Market Size Outlook 82
Rest of Latin America Metal Additive Manufacturing Market Size Outlook 83
13. MIDDLE EAST AND AFRICA METAL ADDITIVE MANUFACTURING MARKET 84
Middle East and Africa Metal Additive Manufacturing Market Size Outlook 84
Middle East and Africa Metal Additive Manufacturing Market Trends and Opportunities 85
Powder Bed Fusion dominates the Middle East and Africa Metal Additive Manufacturing Market 85
Middle East dominates the MEA Metal Additive Manufacturing slices Market 86
Market Outlook by Country 87
Middle East Metal Additive Manufacturing Market Size Outlook 87
Africa Metal Additive Manufacturing Market Size Outlook 88
14. COMPETITIVE LANDSCAPE 89
Norsk Titanium AS 89
EOS GmbH Electro Optical Systems 96
Stratasys Ltd. 101
3D Systems Corporation 110
Materialise N.V. 118
15. APPENDIX 125
About USD Analytics 125
Sources and Research Methodology 125
Copyright 126