The global 3D printing metal market size is expected to be worth around US$ 5.30 billion by 2030, according to a new report by Vision Research Reports.
The global 3D printing metal market size was valued at US$ 385.3 million in 2020 and is anticipated to grow at a CAGR of 26.5% during forecast period 2021 to 2030.
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3D Printing Metal Market (By Form: Powder, Filament; By Product: Titanium, Nickel, Stainless Steel, Aluminum; By Application: Aerospace & Defense, Automotive, Medical & Dental, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
Report Coverage
| Report Scope | Details |
| Market Size | USD 5.30 billion by 2030 |
| Growth Rate | CAGR of 26.5% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Form, Product, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Arcam AB; ExOne GmbH; Carpenter Technology Corp.; Renishaw PLC; Materialise NV; 3D Systems Corp.; Voxeljet AG; Sandvik AB; Hoganas AB; GKN PLC |
Growth Factors
The market growth is attributable to the cost-effectiveness of 3D printed parts, reduced lead times, and the development of complex parts during production.
The potential cost savings is the significant factor stimulating the growth of the market in the aerospace & defense end-use sector. For instance, in November 2018, Lockheed Martin, a U.S.-based global aerospace & defense company, announced that due to 3-dimensional printed parts, there was a reduction in the price of its F-35 Full Mission Simulator (FMS) unit and led to the savings of nearly USD 45.0 million.
By Form Analysis
The powder form segment accounted for the largest revenue share of more than 94% in 2020 of the global market. Metal powder particles have a number of prominent parameters that not only impact the additive build process but also affect the properties of the finished component.
The distribution of the particle must not be skewed but should be evenly spread to obtain an optimal build. Filaments are typically a mix of metal and polymer, wherein the metal is coated with a layer of polymer including PLA and ABS.
By Product Analysis
The titanium product segment accounted for the highest revenue share of over 41% in 2020 and is anticipated to grow at the fastest CAGR over the forecast period. Increasing demand for titanium-based products in various industries due to their properties, such as non-corrosive and high resistance against harsh environments, is expected to fuel the segment growth.
The ability of the aerospace & defense industry to bear high initial costs and adapt to new technologies is anticipated to propel the development of titanium powder for 3D printing applications.
By Regional Analysis
Based on region, Europe is projected to register the fastest CAGR of more than 27% from 2021 to 2028. The U.K., Germany, France, the Netherlands, Spain, and Italy lead the regional market in terms of the adoption of 3D printing for end parts, particularly in the healthcare and aerospace sectors.
Major companies that currently use 3D printing in the U.K. are Attenborough Dental and Renishaw for crowns and bridges; Bowman International for bearing cages; and GKN for automotive and aerospace components.
The growing adoption of 3D printing by aerospace companies in Asia Pacific is projected to drive the regional market. In the aerospace sector, the major aircraft manufacturer in India,
Key Players
- Arcam AB
- ExOne GmbH
- Carpenter Technology Corp.
- Renishaw PLC
- Materialise NV
- 3D Systems Corp.
- Voxeljet AG
- Sandvik AB
- Hoganas AB
- GKN PLC
Market Segmentation
- By Form
- Powder
- Filament
- By Product
- Titanium
- Nickel
- Stainless Steel
- Aluminum
- Others
- By Application
- Aerospace & Defense
- Automotive
- Medical & Dental
- Others
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Singapore
- South Korea
- Central & South America
- Brazil
- Middle East & Africa
- North America
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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