USD 1.36 billion
Global 3D Printing Metal Market Size, Share, Growth Analysis, By Form(Powder and filament), By Application(Consumer products, Aerospace & Defense and defense) - Industry Forecast 2024-2031
Report ID:
SQMIG20C2071 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Global 3D Printing Metal Market Insights
3D Printing Metal Market size was valued at USD 1.36 billion in 2021 and is poised to grow from USD 1.8 billion in 2022 to USD 16.89 billion by 2030, at a CAGR of 32.3% during the forecast period (2023-2030).
The global 3D printing metal market is experiencing remarkable growth and technological advancements, driving its promising future. This cutting-edge technology, also known as additive manufacturing, has already revolutionized various industries, with metal-based 3D printing gaining significant traction across aerospace, automotive, healthcare, and engineering sectors. One of the primary drivers of this expansion is the increasing demand for lightweight and complex parts with enhanced performance characteristics, as well as the growing focus on sustainability and resource efficiency. 3D printing enables the production of intricate and customized metal components with reduced waste and lead times, offering a substantial competitive advantage. Continued research and development efforts in metal additive manufacturing processes are further improving the material properties and scalability of 3D-printed metal parts. However, challenges such as high material costs, regulatory hurdles, and the need for highly skilled operators still remain. Nevertheless, with the projected expansion of application areas and the emergence of new metal printing technologies, the global 3D printing metal market is poised to witness substantial growth in the coming years, providing businesses with immense potential for innovation and market penetration.
US 3D Printing Metal Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Hardware
Growth Rate
32.3% CAGR
Global Metal 3D Printing Market ($ Bn)
Country Share for North America Region (%)
Global Metal 3D Printing Market By Component($ Bn)
Global Metal 3D Printing Market By Component( %)
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Global 3D Printing Metal Market Segmental Analysis
The Global 3D Printing Metal Market is segmented on the basis of form, application, and region. Based on form, the market can be segmented into Powder and filament. Based on application, the market is segmented into Consumer products, Aerospace & Defense and defense, automotive, healthcare, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
3D Printing Metal Market Analysis By Form
The powder-based 3D printing metal segment remains the dominant category in the global market. Powder-based metal 3D printing offers versatility in material selection, allowing manufacturers to create complex and high-performance metal parts with excellent precision and mechanical properties. Its wide adoption across various industries, such as aerospace, healthcare, and automotive, has solidified its position as the leading segment in the 3D printing metal market.
The filament-based 3D printing metal segment is witnessing the fastest growth in the market. Although powder-based methods still dominate, filament-based metal printing has been rapidly gaining momentum due to its ease of use and accessibility. The technology has advanced significantly, addressing previous challenges in achieving high-quality metal prints through filament-based systems. As a result, more industries are embracing this approach for rapid prototyping, customized production, and smaller-scale applications. With ongoing research and development efforts, the filament-based 3D printing metal segment is projected to experience continued substantial growth in the near future.
3D Printing Metal Market Analysis By Application
The aerospace and defense sector stands as the dominant segment in the global 3D printing metal market. The aerospace and defense industries have embraced metal 3D printing for the production of complex, lightweight, and high-performance components, including aircraft parts and defense equipment. The ability to create intricate geometries with superior material properties has led to widespread adoption, making aerospace and defense the primary driving force behind the market's growth.
The healthcare industry is witnessing the fastest growth in the 3D printing metal market. The adoption of metal-based 3D printing in healthcare has surged, revolutionizing medical device manufacturing, prosthetics, dental applications, and even tissue engineering. The technology's capacity to produce patient-specific and bioresorbable implants, along with its potential for mass customization, has propelled its rapid expansion in the healthcare sector. As advancements continue to address regulatory challenges and material advancements, the healthcare segment is expected to experience continued significant growth.
Global Metal 3D Printing Market By Component, 2023 (%)
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Global 3D Printing Metal Market Regional Insights
North America dominated the global 3D printing metal market. The region has witnessed substantial adoption of metal-based 3D printing across various industries, including aerospace, automotive, healthcare, and engineering. North America boasts a well-established ecosystem with leading 3D printing companies, research institutions, and supportive government initiatives, contributing to its prominence in the market.
The Asia Pacific region is experiencing the fastest growth in the 3D printing metal market. With rapid industrialization, increasing investments in research and development, and a growing focus on advanced manufacturing technologies, Asia Pacific has become a hotbed for metal 3D printing adoption. Countries like China, Japan, South Korea, and India are driving this growth, leveraging 3D printing metal for aerospace, automotive, and healthcare applications. The region's dynamic manufacturing landscape and the rising demand for innovative solutions have propelled the swift expansion of the 3D printing metal market in Asia Pacific.
Global Metal 3D Printing Market By Geography, 2024-2031
- Largest
- Fastest
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Global 3D Printing Metal Market Dynamics
3D Printing Metal Market Drivers
Increasing demand for lightweight and high-performance components in various industries
- One key driver of the 3D printing metal market is the growing demand for lightweight and high-performance components in various industries. Metal-based 3D printing enables the production of intricate and complex parts with superior mechanical properties, making it highly desirable for applications in aerospace, automotive, and healthcare. The ability to reduce weight while maintaining structural integrity and performance is a significant advantage, driving the adoption of 3D printing metal technologies.
3D Printing Metal Market Restraints
High initial cost and ongoing expenses associated with metal 3D printing technology
- The high initial cost and ongoing expenses associated with metal 3D printing technology pose a significant restraint to its widespread adoption. The equipment, materials, and expertise required for metal-based 3D printing can be expensive, limiting access to this cutting-edge technology for some businesses, particularly small and medium-sized enterprises. Additionally, the cost of metal powders used in the printing process can be prohibitive, making it challenging for certain industries to fully embrace 3D printing metal for large-scale production. As the technology continues to mature and economies of scale improve, these cost challenges are expected to lessen, but they currently present a key restraint to the market's growth.
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Global 3D Printing Metal Market Competitive Landscape
The competitive landscape of the 3D printing metal market is characterized by intense rivalry among key players striving to gain a strong foothold in the industry. Market participants are focused on continuous research and development to enhance material properties, increase printing speed, and expand the range of compatible materials. Additionally, partnerships, collaborations, and strategic alliances are common strategies to leverage complementary strengths and expand market reach. As the technology matures, new entrants are entering the market, intensifying competition further. Moreover, regulatory compliance and intellectual property protection play critical roles in shaping the competitive dynamics of the market.
3D Printing Metal Market Top Player’s Company Profiles
- ORGANOVO HOLDINGS (US)
- PONOKO LIMITED (US)
- OPTOMEC, INC. (US)
- HOGANAS AB (Sweden)
- EnvisionTEC (Germany)
- AUTODESK, INC. (US)
- ARCAM AB (GENERAL ELECTRIC) (Sweden)
- EOS GmbH (Germany)
- SLM Solutions Group AG (Germany)
- Concept Laser GmbH (Germany)
- Voxeljet AG (Germany)
- Renishaw Plc (UK)
- Materialise NV (Belgium)
- Additive Industries BV (Netherlands)
- Desktop Metal, Inc. (US)
- Nanoscribe GmbH (Germany)
- Prodways Group (France)
3D Printing Metal Market Recent Developments
- In July 2021, Autodesk, Inc. (US) announced the acquisition of Upchain, a cloud-based product lifecycle management (PLM) and collaborative data management software provider, to enhance Autodesk's capabilities in cloud-based engineering workflows, including those related to 3D printing.
- In April 2021, 3D Systems (US) unveiled its new direct metal printing platform, the NextDent 5100, designed for dental applications. The platform allows dental labs and practitioners to efficiently produce metal dental restorations using 3D printing technology.
- In March 2021, ExOne Company (US) announced a collaboration with Ford Motor Company to advance 3D printing technology for automotive applications, focusing on the development of new binder jetting techniques and materials for metal 3D printing in automotive components.
- In February 2021, Stratasys Ltd (US) introduced the H350 3D printer, expanding its industrial-grade 3D printing capabilities. The H350 printer incorporates advanced materials and technologies to address complex manufacturing needs across various industries.
Global 3D Printing Metal Key Market Trends
- Continuous expansion of material options for metal 3D printing: One key market trend in the global 3D printing metal market is the continuous expansion of material options for metal 3D printing. As research and development efforts progress, companies are developing and introducing new types of metal powders and alloys that are compatible with 3D printing processes. These advancements in material science have allowed manufacturers to create metal components with enhanced mechanical properties, increased durability, and improved performance characteristics. The availability of a broader range of materials has expanded the application areas for metal 3D printing, making it more feasible for various industries to adopt this technology for their specific needs.
Global 3D Printing Metal Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global 3D Printing Metal Market analysis, the global market is experiencing rapid growth and technological advancements. Key drivers include the increasing demand for lightweight and high-performance components in industries like aerospace, automotive, and healthcare. The market is segmented by form (powder and filament), application (consumer products, aerospace & defense, automotive, healthcare, and others), and region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America). North America is the dominant region, while the healthcare industry is the fastest growing segment. However, high initial costs and ongoing expenses remain a key restraint. The competitive landscape is marked by intense rivalry among major players, leading to continuous research, collaborations, and strategic partnerships. Material innovation is a notable trend, expanding the variety of metal powders and alloys compatible with 3D printing, enabling greater versatility and broader applications.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.36 billion |
| Market size value in 2031 | USD 16.89 billion |
| Growth Rate | 32.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global 3D Printing Metal Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global 3D Printing Metal Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global 3D Printing Metal Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global 3D Printing Metal Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global 3D Printing Metal Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 3D Printing Metal Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global 3D Printing Metal Market Report Snapshots
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