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3D Printing Metal Market

3D Printing Metal Market: Information by Form (Powder, Filament), Technology (Powder Bed Fusion), Metal Type (Titanium, Nickel), End-User (Automotive), and Region — Forecast till 2030

Published At : 27 Jul, 2022
Updated At : 03 Aug, 2022
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Market Snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
25.3 %
Fastest Growing Market:
Asia Pacific
Largest Market:
North America

The global 3D printing metal market was valued at USD 475 million in 2021. It is expected to reach USD 3,615 million by 2030, growing at a CAGR of 25.3% during the forecast period (2022–2030). 3D printing technology, also termed Additive Manufacturing (AM), is used to make patient-suitable dental items, such as partial dentures, crowns, and bridges in the dental business. Most of the time, the traditional manufacturing technique is not ideal for low-volume manufacturing as the equipment varies in size, which is now addressed by AM technology, and this is projected to fuel the market growth in the US.

The metal 3D printing industry is anticipated to display considerable growth over the forecast period for many reasons, such as the increased demand for quick prototyping, which allows manufacturers to design and build better products and systems. Additionally, the simplicity of production and added benefits supplied by the 3D printing technology are also fundamental causes driving the increased adoption of the technology across numerous industrial sectors.

3D Printing Metal Market Share

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Market Dynamics

Global 3D Printing Metal Market Drivers

  • Improved Investments by Governments Worldwide

The use of modern manufacturing methods is being drastically disrupted in several nations throughout the world by digital technology. Potential users of 3D technology include the US. The US Department of Defense budgeted money for this technology in 2018 as an essential capability. Industry leaders in computer software like Autodesk, Microsoft, and HP have introduced additive and 3D printing manufacturing technologies.

Similarly, China is working very hard to keep the manufacturing sector competitive in the international market. Chinese firms tend to invest in the research and development of this technology because they perceive it as both a risk and an opportunity for the Chinese industrial economy. India, on the other hand, is eagerly anticipating this technology as a chance to boost its position as a global manufacturing competitor. Active government programs like the "Make in India" Initiative help to support the Indian market.

Korea has developed a unique roadmap for 3D printing metal technology's research and development and offers national support to carry it out. To promote the adoption of this technology, the Korean government is speeding industry regulatory agreements and giving financial incentives. The UK government has also created a stand-alone 3D technology strategy, but Brexit-related uncertainties in the manufacturing sector are causing some concern. Since Germany has a well-established Industry 4.0 infrastructure, it is projected that Germany will develop new strategies for the technology.

  • Wide Array of Raw Materials

The development of 3D printing for metals has raised the bar for metal production. Due to their ability to produce materials with complex geometries and distinctive physical and chemical properties, metals are becoming increasingly attractive for 3D printing. They are lightweight, very ductile, and heat resistant. Additionally, there is a high demand for 3D printing metals due to the use of promising raw materials in various applications.

Global 3D Printing Metal Market Restraint

  • Prevailing Misconceptions Concerning the Prototyping Processes

The adoption of additive manufacturing is hampered by the widespread misunderstandings small and medium-sized firms have about prototyping procedures. Instead of attempting to comprehend the advantages and benefits of prototyping, businesses engaged in the design, minimal and medium-sized businesses, hesitate before considering prototyping expenditures as responsible investments. These businesses generally believe that prototype is only an expensive step before manufacturing. Such misconceptions about the prototype, a lack of technical expertise, and an impending shortage of standardized process controls are anticipated to impede industry expansion.

Global 3D Printing Metal Market Opportunities

  • A Shift from Rapid Prototyping

The transition from quick prototyping to production using 3D printing is anticipated to present new opportunities for market participants. According to a recent poll of 3D hubs, more than 50% of businesses admitted to using 3D printing to produce functional end-use parts. Recent years have seen an increase in the use of 3D printing across a variety of industries, including the automotive, transportation, and biotechnology sectors.

 

Segmental Analysis of the Global 3D Printing Metal Market

The global 3D printing metal market share is segmented by form, technology, metal type, end-user, and region. 

  • On the Basis of Form

Based on form, the global 3D printing metal market is segmented into Powder and Filament.

The Powder form dominates the market. Metal in powder form can be formed into high-density items with intricate geometries to make engine parts and components. The powder form of these metal particles, primarily round in shape, impacts the finished product's density and mechanical characteristics and ensures the layers' consistency. Thus, the need for powder form has expanded due to the rise in demand for 3D printed objects with high densities and strengths.

  • On the Basis of Technology

Based on technology, the global 3D printing metal market is segmented into Powder Bed Fusion, Directed Energy Deposition, Binder Jetting, Metal Extrusion, and Others.

Powder Bed Fusion dominates the market. The capacity to produce lightweight parts and components using sophisticated computer-aided design (CAD) procedures, such as topology optimization, can be credited with expanding the powder bed fusion market. To produce 3D printed metal parts with distinct features and accuracy, powder bed fusion technology is widely employed in the automotive and aerospace industries.

  • On the Basis of Metal Type

Based on metal type, the global 3D printing metal market is segmented into Titanium, Nickel, Stainless Steel, Aluminum, and Others.

The Titanium segment dominates the market. The increased demand for 3D printed metal parts from the aerospace & defense and automotive end-use industries is responsible for the expansion of the titanium segment. High impact and high-temperature resistance are just two of the characteristics of titanium. In addition, titanium is used in the medical and dental end-use industry to create dental and orthopedic implants and synthetic knee and hip replacements.

  • On the Basis of End-User

Based on end-user, the global 3D printing metal market is segmented into Aerospace & Defense, Automotive, Medical & Dental, and Others.

Aerospace & Defense dominates the global market. Fuel nozzles and other crucial engine components that need extraordinary precision and accuracy are printed using metal 3D technology in the aerospace and defense sector. A plane's overall weight decreases thanks to 3D printing, lowering fuel usage. Without changing the mold designs or manufacturing procedure, specific brackets for satellites can likewise be produced using 3D printed metals. The segment is driven by the growing need for crucial engineering and manufacturing applications in the aerospace and defense industries.

 

Regional Analysis of the Global 3D Printing Metal Market

  • North America Surpasses Other Regions

3D Printing Metal Market Regional Analysis

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Based on region, the global 3D printing metal market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Due to the widespread adoption of additive manufacturing in the region, North America dominated the market, contributing over 30% of worldwide revenue in 2021. The US and Canada are two examples of North American nations that were among the leading and early users of these technologies in various manufacturing processes. Metal 3D printing has profitable prospects in the local market for multiple uses.

The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. Asia-Pacific's quick acceptance of metal 3D printing can be ascribed to the region's improvements and innovations in the manufacturing sector. In addition, Asia-Pacific is developing as a manufacturing powerhouse for the healthcare and automotive sectors. Rapid urbanization and the dominance of consumer electronics manufacturing are other factors boosting three-dimensional printing demand in the area.

 

Competitive Landscape

List of Top 3D Printing Metal Market Manufacturers

  • 3D Systems Corporation
  • Stratasys Ltd
  • Renishaw plc
  • General Electric Company
  • Carpenter Technology Corporation
  • Materialise NV
  • Voxeljet AG
  • Sandvik AB
  • EOS GmbH Electro Optical Systems
  • The ExOne Company
  • and Proto Labs Inc

 

Recent Developments by Key Players

  • May 2022 - The latest edition of Materialise's market-leading data and build preparation software, Magics 26, was unveiled at the RAPID+TCT Conference by the company, a global pioneer in 3D printing solutions. Magics 26 combines its mesh capabilities with native CAD workflow support. Users get the best of both worlds by selecting the ideal process for each 3D printing project, increasing efficiency while retaining quality.
  • May 2022 - Materialise, a global leader in 3D printing solutions, introduced CO-AM, an open software platform to manage the additive manufacturing (AM) production process efficiently. CO-AM will give manufacturers cloud-based access to a full range of software tools that allow them to plan, manage and optimize every stage of their AM operations. With CO-AM, Materialise addresses the untapped potential to use AM for serial manufacturing and mass personalization.

 

Global 3D Printing Metal Market: Segmentation

By Form

  • Powder
  • Filament

By Technology

  • Powder Bed Fusion
  • Directed Energy Deposition
  • Binder Jetting
  • Metal Extrusion
  • Others 

By Metal Type

  • Titanium
  • Nickel
  • Stainless Steel
  • Aluminum
  • Others 

By End-User

  • Aerospace & Defense
  • Automotive
  • Medical & Dental
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA
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