3D Printing Metal Market by Metal Type (Titanium, Nickel, Stainless Steel, Aluminum, and Others), Form (Powder, and Filament), End Use (Aerospace & Defense, Automotive, Medical & Dental, and Others) Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026704 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 800 Million mark in 2022 and is expected to hit US$ 3700 Million by 2030, recording a CAGR of 20.0% during the forecast period.

Increasing demand from automotive industry. 

The automotive sector has witnessed tremendous growth in the last decade and is expected to rise steadily during the forecast period. As per the data of Organisation Internationale des Constructeurs d'Automobiles (OICA), the American countries recorded over ~16.2 million commercial & passenger car production in 2010, and this production rate has grown by more than 23% and registered over ~20 million commercial & passenger production in 2019. Automotive industry has highest involvement in metal parts manufacturing. This industry creates lucrative opportunities metal 3D printing for making car faster, better, and more efficient. Thus, the enhancement in automotive industry is driving the market for 3D printing metal market.

Within the report, the market is segmented into metal type, form, end use, and geography. Based on metal type, the market is segregated into titanium, nickel, stainless steel, aluminum, and others. By form, the market is bifurcated into powder, and filament.  By end use, the market is further segmented into aerospace & defense, automotive, medical & dental, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Fastest growing aerospace and defense industry.

In the aerospace and defense industry metal 3D printing is used to print fuel nozzles and other critical engine components that require high precision and accuracy. 3D printing metal reduces the overall weight of an aircraft and thereby the fuel consumption gets reduced. 3D printing metals are also used to manufacture specific parts for satellites without altering the mold designs and manufacturing process. The increasing demand for high end technology in critical engineering and fabrication applications in the aerospace & defense industry is driving the segment. This, in turn, is driving the entire market.

APAC is the largest 3D printing metal market in the forecast period.

By region, the Asia Pacific 3D printing metals market is projected to grow at the highest CAGR during the forecast period. China is currently estimated to be the largest market for 3D printing metals in the Asia Pacific region. Established metal printer and powder manufacturers in North America and Europe are expanding their presence in the Asia Pacific region through several growth strategies. The demand for 3D printing metal from manufacturing industry, is driving the market in the region.

Recent strategic developments in 3D printing metal market

The 3D printing metal market has undergone several significant developments, and a few of these have been mentioned below:

  • In August 2022, 3D Systems Inc. announced that it has entered an agreement to acquire dp polar GmbH, the German-based designer and manufacturer of the industry’s first additive manufacturing system designed for true high-speed mass production of customized components.

The 3D printing metal market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. 3D Systems, Inc.; Stratasys Ltd.; Renishaw plc; General Electric Company; and Carpenter Technology Corporation are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • 3D printing metal related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industry of 3D printing metal industry
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Metal Type
    • Titanium
    • Nickel
    • Stainless Steel
    • Aluminum
    • Others
  • Form
    • Powder
    • Filament
  • End Use:
    • Aerospace & Defense
    • Automotive
    • Medical & Dental
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • 3D Systems, Inc.
    • Stratasys Ltd.
    • Renishaw plc
    • General Electric Company
    • Carpenter Technology Corporation

The List of Companies
- 3D Systems, Inc.
- Stratasys Ltd.
- Renishaw plc
- General Electric Company
- Carpenter Technology Corporation

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