Global Metal Additive Manufacturing Market 2024-2028
The metal additive manufacturing market is forecasted to grow by USD 15127.1 mn during 2023-2028, accelerating at a CAGR of 29.28% during the forecast period. The report on the metal additive manufacturing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased preference for additive manufacturing, rise in demand from developing countries, and increase in demand from automobile industry.
Technavio's metal additive manufacturing market is segmented as below:
By Type
- Selective laser melting
- Electron beam melting
By Application
- Aerospace
- Healthcare
- Tools and mold
- Automobile
- Others
By Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the advancements in new materials as one of the prime reasons driving the metal additive manufacturing market growth during the next few years. Also, increase in strategic alliances and integration of automation in additive manufacturing will lead to sizable demand in the market.
The report on the metal additive manufacturing market covers the following areas:
- Metal additive manufacturing market sizing
- Metal additive manufacturing market forecast
- Metal additive manufacturing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading metal additive manufacturing market vendors that include 3D Systems Corp., 3DEO Inc., Additive Industries BV, Desktop Metal Inc., DMG MORI Co. Ltd., EOS GmbH, General Electric Co., Hoganas AB, MATERIALISE NV, Norsk Titanium AS, Optomec Inc., Renishaw Plc, Sciaky Inc., SLM Solutions Group AG, Stratasys Ltd., The Lincoln Electric Co., Titomic Ltd., TRUMPF SE Co. KG, and Xjet Ltd.. Also, the metal additive manufacturing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.