USD 6.7 billion
Metal Additive Manufacturing Market Size, Share, and Growth Analysis
Metal Additive Manufacturing Market By Component (Systems, Materials), By Technology (Selective Laser Melting (SLM), Direct Energy Deposition (DED)), By Application (Aerospace, Automotive), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2332 |
Region:
Global |
Published Date: January, 2025
Pages:
199
|Tables:
87
|Figures:
77
Format -
Metal Additive Manufacturing Market Insights
Global Metal Additive Manufacturing Market size was valued at USD 6.7 billion in 2023 and is poised to grow from USD 7.95 billion in 2024 to USD 31.11 billion by 2032, growing at a CAGR of 18.6% during the forecast period (2025-2032).
Metal additive manufacturing offers various advantageous features over the traditional methods of component or object manufacturing. However, metal additive manufacturing does not replace the traditional methods of manufacturing which are highly effective in mass manufacturing. The metal additive manufacturing is highly suitable for manufacturing customized products, products with fine details, complex products, and most importantly, it can manufacture working metal prototypes. In addition, its various advantages, such as less waste generation, fast-paced production, and recreation of legacy parts, are expected to positively influence the global metal additive manufacturing market growth.
Various industries that use metal in their processes are witnessing rapid growth across the globe. This is attributed to a rise in population, disposable income of the people, and rise in global trade. The automotive industry makes extensive use of metal additive manufacturing for prototyping jobs. It is estimated that the rise in the automotive sector will drive the demand for metal additive manufacturing. Furthermore, globalization is playing a major role in the growth of air travel across the world. This is leading to an increase in demand in the aerospace sector, which eventually propels the metal additive manufacturing market. Furthermore, with the rise in population, especially the elderly population, it is driving the demand in the healthcare sector for surgical and dental implants. Such implants are custom made for individual patients using metal additive manufacturing. This positively influences the growth of the metal additive manufacturing market.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Industrial 3D Printers
Fastest Growth
Desktop 3D Printers
Growth Rate
18.6% CAGR
Global Metal Additive Manufacturing Market ($ Bn)
Country Share for North America Region (%)
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Metal Additive Manufacturing Market Segments Analysis
Global Metal Additive Manufacturing Market is segmented by Component, Technology, Application and region. Based on Component, the market is segmented into Systems, Materials and Service and parts. Based on Technology, the market is segmented into Selective Laser Melting (SLM), Direct Energy Deposition (DED), Electron Beam Melting (EBM), Binder Jetting and Others. Based on Application, the market is segmented into Aerospace, Automotive, Healthcare, Industrial Equipment and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Printer Type
As per the global metal additive manufacturing market forecast, the industrial 3D printers dominated the market which accounted for more than 63% of global revenue. Industrial 3D printers are widely used for several common applications including prototyping, designing, and tooling across a variety of industries and industrial verticals, including automotive, electronics, aerospace & defense, and healthcare, among others. The industrial 3D printer segment is anticipated to maintain its dominance over the market during the forecast period due to the widespread usage of additive manufacturing for tooling, prototyping, and design.
As per the global metal additive manufacturing market analysis, desktop 3D printers are the fastest growing segment in the market. Desktop 3D printers are, nevertheless, increasingly used in home and household settings. Universities, colleges, and other educational institutions are also utilizing desktop 3D printers for technical instruction and research. Smaller companies frequently purchase desktop 3D printers and expand their product and service offerings to include additive manufacturing and other related services. As a result, it is predicted that the demand for desktop printers would rise significantly during the forecast period.
Analysis by Technology
As per the global metal additive manufacturing market outlook, the stereolithography segment dominated the market in 2024 and accounted for a revenue share of more than 10%. Stereolithography happens to be one of the oldest and most conventional printing technologies. Apart from ease of operations, there are several other advantages associated with stereolithography, which are encouraging the adoption of the technology. However, advances in technology and aggressive research & development activities being pursued by industry experts and researchers are opening opportunities for several other efficient and reliable technologies. Apart from stereolithography, there are several other additive manufacturing technologies used in the market.
Electron beam melting (EBM) is the fastest growing segment in the market during the forecast period. EBM technology utilizes a high-energy electron beam to melt metal powder layer by layer, offering excellent material properties and superior mechanical performance. This method is especially valued in industries like aerospace, healthcare, and defense, where the demand for complex geometries and customized parts is high. For instance, in aerospace, EBM is used to produce turbine blades and structural components with optimized weight-to-strength ratios. In healthcare, technology is instrumental in manufacturing patient-specific implants, such as orthopedic and cranial implants, due to its ability to create highly dense and biocompatible parts.
Global Metal Additive Manufacturing Market By Printer Type (%)
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Metal Additive Manufacturing Market Regional Insights
North America dominated the metal additive manufacturing market in 2024 and accounted for a revenue share of more than 34%. North America is home to developed economies, such as the U.S. and Canada. These economies are considered among the prominent and early adopters of the latest technologies. The United States is a key driver of market growth due to its thriving aerospace, automotive, and healthcare industries, all of which heavily rely on advanced manufacturing technologies like metal 3D printing. Additionally, government initiatives and industry collaborations further support the expansion of additive manufacturing capabilities in the region, making North America a hub for cutting-edge metal AM applications.
Asia Pacific is the fastest growing region in the metal additive manufacturing market during the forecast period. The continued advancements and innovations achieved by the established manufacturers in the region are particularly responsible for the rise of the market. Consumer electronics, healthcare, and the automotive industries are all rapidly moving their manufacturing to Asia Pacific. Asia Pacific is emerging as a manufacturing hub for the automotive, healthcare, and consumer electronics industries. Rapid urbanization is also expected to play a vital role in driving the adoption of three-dimensional printing across the region during the forecast period.
Global Metal Additive Manufacturing Market By Geography
- Largest
- Fastest
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Metal Additive Manufacturing Market Dynamics
Drivers
Increased Demand for Customized Products
- The rising demand for customized products is a major driver of the metal additive manufacturing market. Unlike traditional manufacturing methods, 3D printing offers unparalleled flexibility, enabling manufacturers to design and produce components tailored to the unique requirements of individual customers. This capability is especially critical in industries such as aerospace, automotive, and healthcare, where precision and personalization are paramount.
Rising Integration of 3D Printing
- The integration of 3D printing has revolutionized the manufacturing of final car parts, proving instrumental for automotive giants such as Volkswagen, BMW, and Ford. These industry leaders leverage additive technologies to produce crucial components for vehicles. Among the latest advancements in 3D printing is Fused Filament Fabrication (3F or FFF), a groundbreaking technique exploring various materials engineered to mimic plastic properties.
Restraints
High Initial Investment Costs
- The initial investment required for 3D printing equipment and software can be high, which can be a barrier to adoption for some manufacturers. This is particularly true for small and medium-sized enterprises (SMEs), which may not have the resources to invest in 3D printing technology. Moreover, the costs associated with training personnel, maintenance, and material procurement further escalate the financial burden.
Limited Production Speed and Scalability
- Additive manufacturing excels in prototyping and low-volume production runs. However, its current production speeds can be drastically slower than traditional manufacturing methods for high-volume applications. This limits its integration into large-scale manufacturing environments. Compared to traditional manufacturing methods like casting or machining, AM processes can be significantly slower, especially when producing high volumes.
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Metal Additive Manufacturing Market Competitive Landscape
The metal additive manufacturing market is highly competitive, characterized by the presence of established global players and innovative startups. Key companies, such as GE Additive, EOS GmbH, 3D Systems Corporation, Renishaw Plc, and SLM Solutions Group AG, lead the market with their advanced technologies, diverse portfolios, and strong R&D investments. These players focus on developing efficient and cost-effective metal AM solutions to cater to industries such as aerospace, automotive, healthcare, and energy.
Top Player’s Company Profiles
- 3D Systems (USA)
- Markforged (USA)
- Carpenter Technology Corporation (USA)
- Höganäs AB (Sweden)
- Primetals Technologies (UK)
- Renishaw plc (UK)
- ExOne (USA)
- Voxeljet AG (Germany)
- Sciaky Inc. (USA)
- Optomec (USA)
- GE Additive (USA)
- Trumpf Group (Germany)
- EOS GmbH (Germany)
- Additive Industries (Netherlands)
- BeAM Machines (France)
- Arcam AB (Sweden)
- Desktop Metal (USA)
- XJet (Israel)
- Aurora Labs (Australia)
- Matsuura Machinery Corporation (Japan)
Recent Developments
- In April 2024, Materialise, a global leader in 3D printing software and services, partnered with Renishaw, a UK-based engineering technologies company. This partnership aims to enhance efficiency and productivity for manufacturers utilizing Renishaw's additive manufacturing (AM) systems.
- In March 2024, 3DEO, a US-based leader in design, engineering, and metal additive manufacturing (AM), announced a strategic partnership and investment with IHI AEROSPACE Co., Ltd. (IA), a Japanese aerospace engineering and manufacturing company. This collaboration aims to enhance the adoption and implementation of AM technologies within IA, leveraging 3DEO's expertise in Design for Additive Manufacturing (DfAM) and technology differentiation.
- In June 2023, Xi'an Bright Laser Technologies, a Chinese company, and Siemens China Co., Ltd. formed a strategic partnership to foster long-term cooperation. The partnership aims to accelerate the development of digital factories and enhance the production of metal additive manufacturing equipment.
Metal Additive Manufacturing Key Market Trends
- Shift from Prototyping to Production: The additive manufacturing industry is increasingly shifting from prototyping to production applications. As 3D printing technologies improve and become more efficient, manufacturers are using them to produce end-use parts and products, rather than just prototypes. This is driving the growth of the metal additive manufacturing market in a wide range of industries.
- Industry 4.0 Integration: Additive manufacturing is a key component of Industry 4.0, which is the current trend of automation and data exchange in manufacturing technologies. Manufacturers are integrating 3D printing into their digital manufacturing workflows, allowing for greater efficiency, accuracy, and flexibility in production. The range of materials available for additive manufacturing is expanding, with new materials being developed for specific applications.
Metal Additive Manufacturing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to SkyQuestt analysis, the market is anticipated to expand because of factors including the rising demand for prototype applications from different industries and industrial verticals, particularly healthcare, automotive, and aerospace & defense. 3D printing is well-suited for on-demand manufacturing, as it allows for quick and efficient production of low-volume, customized parts. This global metal additive manufacturing market trend is particularly important in industries such as healthcare, where personalized medical devices and implants can be produced on-demand using 3D printing.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 6.7 billion |
| Market size value in 2032 | USD 31.11 billion |
| Growth Rate | 18.6% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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 Metal Additive Manufacturing 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 Metal Additive Manufacturing 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 Metal Additive Manufacturing 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 Metal Additive Manufacturing 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 Metal Additive Manufacturing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metal Additive Manufacturing 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.
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