Global metal additive manufacturing Market
Metal and Mineral

Growth, Trends, and Opportunities in the Metal Additive Manufacturing Market: Key Insights for the Next Decade

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What is the Long-Term Projected Growth Rate for the Metal Additive Manufacturing Market, and What Are the Key Drivers?

The metal additive manufacturing market has experienced rapid expansion in recent years. It is expected to grow from $5.29 billion in 2024 to $6.11 billion in 2025, at a compound annual growth rate (CAGR) of 15.4%. The historical growth of this market has been driven by global industrialization, increased adoption in the automotive industry, growth in the aerospace sector, expansion of the healthcare industry, and the rising demand within the manufacturing sector.

The metal additive manufacturing market is projected to experience rapid expansion in the coming years, reaching $11.49 billion by 2029, with a compound annual growth rate (CAGR) of 17.1%. The anticipated growth during this period is driven by the expanding dental sector, increased presence of educational institutions, improved operational efficiency, a heightened focus on cost reduction, and efforts to minimize product weight. Key trends expected include advancements in 3D printing technology, automation integration, streamlined workflows, and continuous technological and product innovations.

What Strategic Factors Are Influencing the Accelerated Growth of the metal additive manufacturing Market?

The adoption of metal additive manufacturing technologies in the aerospace industry is expected to propel the growth of the metal additive manufacturing market. This technology is used to create lightweight components for aircraft and spacecraft, improving fuel efficiency and reducing emissions. In May 2024, the Australian Bureau of Statistics reported that manufacturing industries in Australia saw a rise in EBITDA to 51,574 in 2022, compared to 50,446 in 2021, reflecting the growing demand for metal additive manufacturing in aerospace.

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Which Companies Are Leading the Charge in Expanding the Metal Additive Manufacturing Market?

Major companies operating in the metal additive manufacturing market include:

• Trumpf Inc._x000D_

• Lincoln Electric Additive Solutions_x000D_

• DMG Mori Seiki Co. Ltd._x000D_

• Hoganas AB_x000D_

• EOS GmbH_x000D_

What New Trends Are Reshaping the Metal Additive Manufacturing Market and Its Opportunities?

In the metal additive manufacturing market, the integration of robots is gaining traction. Companies in this sector are focusing on robotics to enhance productivity and strengthen their market presence. For example, in November 2022, ADDiTEC, a US-based provider of metal additive manufacturing solutions, developed the AMRC-P, a fully automated robotic metal AM system. The system can be customized with any industrial robot to meet specific business needs and features advanced software tools to support intricate multi-axis geometries, making the technology accessible to both experienced and novice users.

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How Are Market Segments in the Metal Additive Manufacturing Industry Positioned for Long-Term Growth?

The metal additive manufacturing market covered in this report is segmented –

1) By Type: Selective Laser Melting (SLM), Electron Beam Melting (EBM), Powder Bed Fusion, Sheet Lamination, Directed Energy Deposition, Binder Jetting

2) By Component: System, Materials, Services And Parts

3) By Application: Automotive Industry, Aerospace Industry, Healthcare And Dental Industry, Tools And Mold, Academic Institutions, Other Applications

Subsegments:

1) By Selective Laser Melting (SLM): Metal Powder SLM, Alloy SLM

2) By Electron Beam Melting (EBM): Titanium EBM, Cobalt-Chromium EBM

3) By Powder Bed Fusion: Laser Powder Bed Fusion, Electron Beam Powder Bed Fusion

4) By Sheet Lamination: Laminated Object Manufacturing (LOM), Ultrasonic Additive Manufacturing (UAM)

5) By Directed Energy Deposition: Laser Directed Energy Deposition, Arc-Based Directed Energy Deposition

6) By Binder Jetting: Metal Binder Jetting, Composite Binder Jetting

What Are the Top Regions Fueling Growth in the Metal Additive Manufacturing Market?

North America was the largest region in the metal additive manufacturing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metal additive manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Defines the Scope of the Metal Additive Manufacturing Market?

Metal additive manufacturing, also known as metal 3D printing, is the process of producing robust, complicated components that are developed using either a computer-aided design (CAD) application or by taking a 3D scan of the product. Metal additive manufacturing aids manufacturers in increasing productivity, decreasing waste, lowering emissions, and accelerating the time it takes for more robust and lighter products to reach the market.

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