USD 417.45 Million
Additive Manufacturing with Metal Powders Market Size, Share, Growth Analysis, By Material(Titanium, Aluminum), By Application(Aerospace, Healthcare) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2354 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
75
Additive Manufacturing with Metal Powders Market Insights
Global Additive Manufacturing With Metal Powders Market size was valued at USD 417.45 Million in 2022 and is poised to grow from USD 505.11 Million in 2023 to USD 2320.99 Million by 2031, at a CAGR of 21% during the forecast period (2024-2031).
The additive manufacturing industry was revolutionized by metal powders, which have been previously used in other sectors before changing the face of the AM sector. The global additive manufacturing with metal powders market has grown exponentially over the years, and is continuing to expand due to a variety of factors. These factors include manufacturing of complex geometries, shortened lead times, reduced material waste and more.
The global additive manufacturing with metal powders market has witnessed remarkable growth in recent years. This innovative manufacturing method, also known as 3D metal printing, involves layer-by-layer deposition of metal powders to create intricate and customized components.
Industries like aerospace, automotive, healthcare, and energy are increasingly adopting this technology due to its ability to produce complex geometries, reduce material waste, and enable rapid prototyping.
The market's expansion is driven by advancements in materials, improved printing techniques, and growing partnerships between additive manufacturing companies and traditional industries. As demand rises for lightweight, high-performance parts with enhanced efficiency, the additive manufacturing with metal powders market is expected to continue its upward trajectory, revolutionizing traditional manufacturing processes on a global scale. However, challenges related to cost, quality control, and post-processing techniques remain, necessitating ongoing technological refinements.
US Additive Manufacturing with Metal Powders Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Aerospace
Fastest Growth
Aerospace
Growth Rate
21% CAGR
Global Additive Manufacturing with Metal Powders Market by region
Country Share for North America(%)
Global Additive Manufacturing with Metal Powders Market by Application
Global Additive Manufacturing with Metal Powders Market by Application
To get more reports on the above market click here to Buy The Report
Additive Manufacturing with Metal Powders Market Segmental Analysis
In terms of material type, the market includes titanium, aluminum, stainless steel, and others. Applications span aerospace, healthcare, automotive, and more. Geographically, the market covers North America, Europe, Asia Pacific, and the rest of the world.
Additive Manufacturing with Metal Powders Market Analysis By Material
The largest segment in the additive manufacturing with metal powders market tends to be the software component. This is because software platforms are essential for enabling communication, data sharing, appointment scheduling, and treatment planning between dental professionals and patients.
The fastest-growing segment in the additive manufacturing with metal powders market has been the services component. The COVID-19 pandemic significantly accelerated the adoption of teledentistry, with dental professionals and patients increasingly relying on virtual consultations, diagnostics, and treatment planning. This surge in demand for remote dental services has driven the growth of teledentistry services.
Additive Manufacturing with Metal Powders Market Analysis By End-user
The dental patients and dental practitioners segments have been some of the largest and fastest-growing in the additive manufacturing with metal powders market. This is because patients are increasingly looking for convenient and accessible healthcare options, and dentists are adopting teledentistry to expand their services and reach.
The global additive manufacturing with metal powders market is mostly driven by dental patients because of the growing need for more individualized healthcare experiences and the growing acceptance of digital technology. Virtual consultations and remote monitoring are becoming commonplace in dental practices as a way to improve patient involvement and offer more customizable care alternatives.
Global Additive Manufacturing with Metal Powders Market by Application , 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Additive Manufacturing with Metal Powders Market Regional Insights
North America was an important center for the production of metal powder additives, especially the United States and Canada. The aerospace, automotive and healthcare industries are well represented in the region and have adopted metal additive manufacturing technology to rapidly produce complex components through prototyping.
Europe leads the world in terms of industrial production, including countries such as Germany, France and the United Kingdom. Aviation, automotive and pharmaceutical industries are sectors where the region has shown great interest in additive manufacturing. Emphasis on research and development has been a major factor in the expansion of this market. The Asia-Pacific region, which includes countries such as China, Japan and South Korea, has seen significant growth in the additive manufacturing market for metal powders. The use of metal additive manufacturing technologies in the region has been driven by factors such as rapid industrialization, technological breakthroughs, and growing industry.
Global Additive Manufacturing with Metal Powders Market by geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Additive Manufacturing with Metal Powders Market Dynamics
Additive Manufacturing with Metal Powders Market Drivers
Design Flexibility and Complex Geometries
- Using metal powders in additive printing, it is feasible to create extremely complicated and detailed geometries that would be difficult or impossible to make with conventional production techniques. Industries including aerospace, automotive, and medical may optimize component performance, reduce weight, and increase overall efficiency thanks to this design freedom.
Reduced Material Waste and Shortened Lead Times
- When it comes to resource efficiency, additive manufacturing outperforms subtractive manufacturing by design. As material is added layer by layer, it produces very little material waste and has a smaller environmental impact. Moreover, AM can result in shorter production cycles and quicker product time-to-market, which makes it especially desirable for sectors where quick prototyping and iteration are essential.
Additive Manufacturing with Metal Powders Market Restraints
High Initial Investment and Equipment Costs
- Metal 3D printers and powder handling systems are examples of the expensive equipment needed for metal powder additive manufacturing, both in terms of acquisition and upkeep. Companies wishing to implement this technology, especially small and medium-sized organizations (SMEs), may find the initial investment cost prohibitive.
Material Limitations and Quality Control
- Certain metals are not easily found in powder form that works well for additive manufacturing. It can be difficult to guarantee uniform material quality and characteristics in printed parts, too. Mechanical qualities and structural integrity can be inconsistent due to variations in metal powder properties and printing settings.
Request Free Customization of this report to help us to meet your business objectives.
Additive Manufacturing with Metal Powders Market Competitive Landscape
The global additive manufacturing with metal powders market boasts a dynamic competitive landscape characterized by the presence of both established players and innovative startups. Key industry leaders like GE Additive, EOS GmbH, and Renishaw continue to drive technological advancements and market expansion through their extensive experience and research capabilities. These companies offer a wide range of metal powders, sophisticated 3D printing systems, and comprehensive solutions, catering to diverse industrial applications such as aerospace, healthcare, and automotive sectors. Simultaneously, emerging players like Desktop Metal and SLM Solutions are challenging the status quo with their novel approaches and cost-effective solutions. This competitive environment fosters rapid innovation, pushing the boundaries of additive manufacturing with metal powders and accelerating its adoption across industries on a global scale.
Additive Manufacturing with Metal Powders Market Top Player’s Company Profiles
- EOS GmbH - Germany
- GE Additive - United States
- SLM Solutions Group AG - Germany
- Renishaw plc - United Kingdom
- 3D Systems Corporation - United States
- Arcam AB (a GE Additive company) - Sweden
- Concept Laser GmbH (a GE Additive company) - Germany
- Materialise NV - Belgium
- ExOne Company - United States
- Velo3D - United States
- Trumpf - Germany
- HP Inc. - United States
- Markforged - United States
- Desktop Metal - United States
- Carpenter Technology Corporation - United States
- Proto Labs - United States
- Sintavia - United States
- Optomec - United States
- Additive Industries - Netherlands
- XJet - Israel
Additive Manufacturing with Metal Powders Market Recent Developments
- In January 2023, prominent producer of metal additive manufacturing systems, EOS GmbH, purchased SLM Solutions Group AG, another prominent producer of such systems.
- In March 2023, Arcam AB, a Swedish producer of metal additive manufacturing equipment, was purchased by GE Additive, a division of General Electric.
- In April 2023, leading supplier of 3D printing solutions, 3D technologies Corporation, purchased EnvisionTEC, a producer of technologies for additive manufacturing for ceramic and metal.
Additive Manufacturing with Metal Powders Key Market Trends
- Increased Adoption in Aerospace and Automotive Industries: Metal powder additive manufacturing has become increasingly popular in sectors including automotive and aerospace. Benefits from the technology included design optimization, intricate part geometries, and lightweighting. For instance, businesses in the aerospace industry were employing metal additive manufacturing to create complex parts that weighed less, improving fuel efficiency. The car industry was investigating the possibility of using additive manufacturing to create prototypes and bespoke parts more quickly.
- Advancements in Material Development: New metal powders and alloys appropriate for additive manufacturing were being actively developed by researchers and businesses. The resulting printed items' mechanical characteristics and overall performance were directly impacted by the quality of the materials employed in the procedure. Enhancing characteristics like tensile strength, corrosion resistance, and thermal conductivity was the goal of material development innovations. A greater understanding of material behavior during the printing process was another goal, and it was used to improve the uniformity and dependability of printed parts.
- Integration of Industry 4.0 and Automation: Industry 4.0 ideas and increased automation were being used by the additive manufacturing sector. In order to improve printing efficiency, monitor quality, and lower errors, sensors, data analytics, and real-time monitoring were used. Continuous production, less manual intervention, and constant part quality were the goals of the automation being implemented. This trend also included the creation of software tools for process control, simulation, and design optimization.
Additive Manufacturing with Metal Powders Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types 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 analysis, the global additive manufacturing with metal powders market is poised for robust growth due to its transformative impact on industries like aerospace, healthcare, and automotive. Adoption of the technique is fueled by its capacity to produce complicated geometries, minimize material waste, and improve design freedom. The market's potential increases as research progresses, expenses decline, and material options rise. However, there are still issues with regulatory compliance, scalability, and quality control. The market's bright future prospects will be fueled by ongoing innovation and investment, which is expected to transform manufacturing processes and enable customized products, shorter supply chains, and sustainable practices.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 417.45 Million |
| Market size value in 2031 | USD 2320.99 Million |
| Growth Rate | 21% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| 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:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
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 Additive Manufacturing with Metal Powders 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 Additive Manufacturing with Metal Powders 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 Additive Manufacturing with Metal Powders 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 Additive Manufacturing with Metal Powders 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 Additive Manufacturing with Metal Powders Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Additive Manufacturing with Metal Powders 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.
Additive Manufacturing with Metal Powders Market Report Snapshots
- Global Additive Manufacturing with Metal Powders Companies
- Global Additive Manufacturing with Metal Powders Market Size
- Global Additive Manufacturing with Metal Powders Market Analysis
- Global Additive Manufacturing with Metal Powders Geographic Analysis
- Global Additive Manufacturing with Metal Powders Market News
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
