Metal Additive Manufacturing Market By Type (Powder Bed Fusion, Binder Jetting, Direct Energy Deposition, Bound Powder Extrusion, Others), By Component (Systems, Materials, Service and parts), By End User Industry (Aerospace, Automotive, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
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
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal additive manufacturing market analysis from 2021 to 2031 to identify the prevailing metal additive manufacturing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the metal additive manufacturing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global metal additive manufacturing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Powder Bed Fusion
Binder Jetting
Direct Energy Deposition
Bound Powder Extrusion
Others
By Component
Systems
Materials
Service and parts
By End User Industry
Aerospace
Automotive
Healthcare
Others
By Region
North America
U.S.
Canada
Mexico
Europe
France
UK
Italy
Rest Of Europe
Germany
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
BeAM Machines
DMG Mori
EOS GmbH
Farsoon Technologies
GE Additive
Renishaw
Sisma
SLM Solutions
Trumpf
Xi‘an Bright Laser Technologies Co., Ltd.
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