PUBLISHER: Allied Market Research | PRODUCT CODE: 1140378
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140378
The global metal additive manufacturing market size was valued at $2,631.0 million in 2021 and is projected to reach $14,094.5 million by 2031, registering a CAGR of 18.1% from 2021 to 2031. Metal additive manufacturing utilizes molten metal to make a product layer by layer. With the use of metal additive manufacturing processes, a metal object can be manufactured in a very short span of time with little to no waste generation and at a fraction of the cost as compared to traditional methods.
Metal additive manufacturing process is available for a wide range of industries, including aerospace, automotive, and healthcare,. Metal additive manufacturing is frequently used to produce customized products for a specific need. Furthermore, it is used in prototyping across the above-mentioned industries.
Rise in population, globalization, and rise in disposable income of people has fueled the growth of industries such as aerospace, automotive, medical equipment manufacturing, and others. These industries are among the most significant users of metal additive manufacturing; thus, an increase in these industries is expected to drive growth in the metal additive manufacturing market. However, the high initial cost of metal additive manufacturing is expected to constrain the market. Furthermore, development of technologies that have enabled metal additive manufacturing to be more efficient and user-friendly is expected to provide lucrative opportunities for the metal additive manufacturing market growth.
The global metal additive manufacturing market is segmented on the basis of type, component, end-user industries and region. By type, the market is categorized into powder bed fusion, binder jetting, direct energy deposition, bound powder extrusion, and others. On the basis of components, it is categorized into systems, materials, and service & parts. By end-user industry, the market is categorized into aerospace, automotive, healthcare, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as partnerships, product launches, agreements, and acquisitions to strengthen their market outreach and sustain the stiff competition in the market
Competition Analysis
Key companies profiled in the metal additive manufacturing market report include BeAM Machines, DMG Mori Seiki Co., Ltd., EOS GmbH, Farsoon Technologies, GE Additive, Renishaw Plc, Sisma SpA, SLM Solutions, Trumpf, and Xi'an Bright Laser Technologies Co., Ltd.
Key Benefits For Stakeholders
Key Market Segments
By Type
By Component
By End User Industry
By Region