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

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.