NEW YORK, June 26, 2023 /PRNewswire/ — The metal additive manufacturing market size is forecast to increase by USD  7,574.3 million from 2022 to 2027, at a CAGR of 20.84%, according to the recent market study by Technavio. The growth of the market will be driven by the increased preference for additive manufacturing, rise in demand from developing countries, and increase in demand from the automobile industry. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Vendor Analysis 

Technavio has extensively analyzed 15 major vendors, including 3D Systems Corp., 3DEO Inc., Additive Industries BV, 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 ExOne Co., The Lincoln Electric Co., Titomic Ltd., TRUMPF SE Co. KG, and Xjet Ltd.

Vendor Offering 

• 3D Systems Corp – The company offers solutions for metal additive manufacturing using machines that are fully integrated with a Removable Print Module (RPM) which is vacuum sealable for a controlled print environment and engineered to move between printer and powder modules for continuous production workflow.
• 3DEO Inc. – The company offers solutions for metal additive manufacturing with a near-net shape where the part can be printed very close to the final size and shape desired, without having to machine away extra material or create additional features such as holes using other tools.
• Additive Industries BV – The company offers solutions for metal additive manufacturing which greatly reduces material waste, with the only material used is that needed to print the part and its supports, should the technology require.

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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What’s New? 

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession  
• Global competitiveness and key competitor positions  
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial - buy the report! 

Metal Additive Manufacturing Market – Segmentation Overview

This report extensively covers market segmentation by type (selective laser melting and electron beam melting), application (aerospace, healthcare, tools and mould, automobile, and others), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). 

• The market share growth of the selective laser melting segment will be significant during the forecast period. Now,  SLM technology is widely employed in a variety of industrial sectors, including the aerospace, automotive, consumer products, and medical device fields. When compared to traditional manufacturing techniques, this additive manufacturing technology has a number of important advantages, including the capacity to produce various parts with highly complicated shapes in a shorter span of time. The SLM approach permits the production of finite parts without the need for additional manufacturing procedures. Therefore, the advantages of SLM and its growing use in different industries, such as automobile and medical device manufacturing, will increase its demand, which, in turn, will drive the growth of the market through the SLM segment during the forecast period.

The report comprises various segments as well as an analysis of the trends and factors

that are playing a substantial role in the market, request a sample report 

Geographic Analysis

• North America is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Metal Additive Manufacturing Market – Market Dynamics

Key Drivers

Increased preference for additive manufacturing is notably driving the metal additive manufacturing market growth. The demand for additive manufacturing in the production of complex engineering structures is growing, and metal additive manufacturing is particularly favoured. This is because metal additive manufacturing is flexible and cost-effective, and it can directly create components from CAD models. This eliminates the need for tooling, which reduces waste, assembly time, and costs for intricate parts. Engineering-intensive industries such as aerospace, automotive, and medical are using additive manufacturing to expedite prototyping and explore new design features. This is because additive manufacturing allows for greater design freedom and flexibility, which can lead to new and innovative products. The rising need for flexible manufacturing processes, minimizing material waste and using fewer parts for complex component production, will drive the global metal additive manufacturing market’s growth in the forecast period.

Significant Trends

Advancements in new materials are a significant metal additive manufacturing market trend. The expanding applications of additive manufacturing in 2022 have driven the desire to push the boundaries of printable materials. This has led to the creation of new substances and improved qualities. 3D printed materials offer unique features, such as the ability to produce high-performance polymers with superior quality outcomes. These polymers are highly versatile and resistant to heat and stress, while also allowing for intricate geometries. Additive manufacturing is also valuable for using metals like steel and titanium to produce industrial parts. Additionally, ceramics like alumina and zirconia, which are typically challenging to make conventionally, can be successfully 3D printed. This advancement in materials aligns with environmental concerns, as additive manufacturing has the potential to create eco-friendly products. As a result, the global metal additive manufacturing market is expected to experience growth driven by advancements in new materials during the forecast period.

Major Challenges

High production costs are one of the major challenges impeding the metal additive manufacturing market growth. The high cost of metal powders and machines is a major challenge for the metal additive manufacturing market. Metal powders used in additive manufacturing are more expensive than materials used in traditional manufacturing methods. For example, the price of stainless steel used in metal additive manufacturing is approximately USD 8 per sq. cm, which exceeds the cost of commercial-grade stainless steel used in conventional manufacturing. Additionally, the limited build envelopes of current technologies make it difficult to produce large components with additive manufacturing. This often requires additional processes such as mechanical joining and welding, which further increases the cost of production. The expensive raw materials associated with metal additive manufacturing are projected to hinder market growth throughout the forecast period.

What are the key data covered in this Metal Additive Manufacturing Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the metal additive manufacturing market between 2023 and 2027
• Precise estimation of the metal additive manufacturing market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the Metal Additive Manufacturing Market industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of metal additive manufacturing market vendors

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Table of content

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global metal additive manufacturing market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global metal additive manufacturing market 2017 – 2021 ($ million)

• 4.2 Type Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.3 Application Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Selective laser melting – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Selective laser melting – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Selective laser melting – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Selective laser melting – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Selective laser melting – Year-over-year growth 2022-2027 (%)

• 6.4 Electron beam melting – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Electron beam melting – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Electron beam melting – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Electron beam melting – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Electron beam melting – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 43: Chart on Application – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 Aerospace – Market size and forecast 2022-2027
• Exhibit 47: Chart on Aerospace – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Aerospace – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Aerospace – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Aerospace – Year-over-year growth 2022-2027 (%)

• 7.4 Healthcare – Market size and forecast 2022-2027
• Exhibit 51: Chart on Healthcare – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Healthcare – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Healthcare – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Healthcare – Year-over-year growth 2022-2027 (%)

• 7.5 Tools and mold – Market size and forecast 2022-2027
• Exhibit 55: Chart on Tools and mold – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Tools and mold – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Tools and mold – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Tools and mold – Year-over-year growth 2022-2027 (%)

• 7.6 Automobile – Market size and forecast 2022-2027
• Exhibit 59: Chart on Automobile – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Automobile – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Automobile – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Automobile – Year-over-year growth 2022-2027 (%)

• 7.7 Others – Market size and forecast 2022-2027
• Exhibit 63: Chart on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Others – Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 67: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 69: Chart on Market share by geography 2022-2027 (%)
• Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 71: Chart on Geographic comparison
• Exhibit 72: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 73: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 89: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 97: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027
• Exhibit 105: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 France – Market size and forecast 2022-2027
• Exhibit 109: Chart on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 3D Systems Corp. 
• Exhibit 120: 3D Systems Corp. – Overview
• Exhibit 121: 3D Systems Corp. – Business segments
• Exhibit 122: 3D Systems Corp. – Key news
• Exhibit 123: 3D Systems Corp. – Key offerings
• Exhibit 124: 3D Systems Corp. – Segment focus

• 12.4 3DEO Inc. 
• Exhibit 125: 3DEO Inc. – Overview
• Exhibit 126: 3DEO Inc. – Product / Service
• Exhibit 127: 3DEO Inc. – Key offerings

• 12.5 Additive Industries BV 
• Exhibit 128: Additive Industries BV – Overview
• Exhibit 129: Additive Industries BV – Product / Service
• Exhibit 130: Additive Industries BV – Key offerings

• 12.6 DMG MORI Co. Ltd. 
• Exhibit 131: DMG MORI Co. Ltd. – Overview
• Exhibit 132: DMG MORI Co. Ltd. – Business segments
• Exhibit 133: DMG MORI Co. Ltd. – Key offerings
• Exhibit 134: DMG MORI Co. Ltd. – Segment focus

• 12.7 EOS GmbH 
• Exhibit 135: EOS GmbH – Overview
• Exhibit 136: EOS GmbH – Product / Service
• Exhibit 137: EOS GmbH – Key offerings

• 12.8 General Electric Co. 
• Exhibit 138: General Electric Co. – Overview
• Exhibit 139: General Electric Co. – Business segments
• Exhibit 140: General Electric Co. – Key news
• Exhibit 141: General Electric Co. – Key offerings
• Exhibit 142: General Electric Co. – Segment focus

• 12.9 Hoganas AB 
• Exhibit 143: Hoganas AB – Overview
• Exhibit 144: Hoganas AB – Product / Service
• Exhibit 145: Hoganas AB – Key offerings

• 12.10 Materialise NV 
• Exhibit 146: Materialise NV – Overview
• Exhibit 147: Materialise NV – Business segments
• Exhibit 148: Materialise NV – Key news
• Exhibit 149: Materialise NV – Key offerings
• Exhibit 150: Materialise NV – Segment focus

• 12.11 Norsk Titanium AS 
• Exhibit 151: Norsk Titanium AS – Overview
• Exhibit 152: Norsk Titanium AS – Product / Service
• Exhibit 153: Norsk Titanium AS – Key offerings

• 12.12 Optomec Inc. 
• Exhibit 154: Optomec Inc. – Overview
• Exhibit 155: Optomec Inc. – Product / Service
• Exhibit 156: Optomec Inc. – Key offerings

• 12.13 Renishaw Plc 
• Exhibit 157: Renishaw Plc – Overview
• Exhibit 158: Renishaw Plc – Business segments
• Exhibit 159: Renishaw Plc – Key offerings
• Exhibit 160: Renishaw Plc – Segment focus

• 12.14 Sciaky Inc. 
• Exhibit 161: Sciaky Inc. – Overview
• Exhibit 162: Sciaky Inc. – Product / Service
• Exhibit 163: Sciaky Inc. – Key offerings

• 12.15 SLM Solutions Group AG 
• Exhibit 164: SLM Solutions Group AG – Overview
• Exhibit 165: SLM Solutions Group AG – Business segments
• Exhibit 166: SLM Solutions Group AG – Key offerings
• Exhibit 167: SLM Solutions Group AG – Segment focus

• 12.16 Stratasys Ltd. 
• Exhibit 168: Stratasys Ltd. – Overview
• Exhibit 169: Stratasys Ltd. – Product / Service
• Exhibit 170: Stratasys Ltd. – Key news
• Exhibit 171: Stratasys Ltd. – Key offerings

• 12.17 TRUMPF SE Co. KG 
• Exhibit 172: TRUMPF SE Co. KG – Overview
• Exhibit 173: TRUMPF SE Co. KG – Business segments
• Exhibit 174: TRUMPF SE Co. KG – Key offerings
• Exhibit 175: TRUMPF SE Co. KG – Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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