According to the latest market survey conducted by Future Market Insights, the global 3D Printing Metal market is relishing a market valuation of US$ 3,554.5 Million in 2022 and is all set to expand with a CAGR of 24.5% during the 2022 to 2032 period. The market is anticipated to top a valuation of US$ 31,803.0 Million by the end of the forecast period.
| Market Size 2022 | US$ 3,554.5 Million |
| Market Size 2032 | US$ 31,803.0 Million |
| Value CAGR (2022 to 2032) | 24.5% |
| Collective Value Share: Top 3 Countries (2022E) | 50% to 55% |
The industry for 3D printed metal products is still nascent and open to new entrants. It is estimated that 3D printing will account for around 0.1% of the global metal market. Nonetheless, gains of 25-30 basis points per share are anticipated by the end of the projected period.
The increasing need for rapid prototyping and cutting-edge manufacturing techniques has been great for the metal 3D printing industry. Increasing adoption of additive manufacturing across a wide range of sectors bodes well for the industry's future growth. In order to keep ahead of the competition, the worldwide industrial printer industry is trending toward consolidation.
The widespread usage of metal 3D printing across heavy industry applications is a major contributor to the market's expansion.
Over the period of time covered by the study (2017 to 2021), additive manufacturing processes, and 3D printing in particular, have seen significant growth in their customer base. The market for 3D printing metals was recorded to grow at a phenomenal CAGR of 19.8% between 2017 and 2021, mostly due to the rising need for complex industrial designs across a wide range of economic sectors.
Whereas, as per the latest survey conducted by FMI, the 3D printing materials market is expected to progress at a CAGR of 24.5% between 2022 and 2032. The rising penetration of 3D printing in various industries and the increasing demand for 3D printed products have led to high demand for 3D printing materials.
In keeping with this pattern, the tendency of expansion was bolstered by the steadily decreasing prices of 3D printers. Research conducted around five years ago found that the typical price of a 3D printer was between $45,000 and $50,000.
Yet the price drop was bolstered by the expanding market for 3D printing and the rising volume of 3D printers manufactured by commercial manufacturers. The standard 3D printer available today costs even less than US$ 2,000 / unit.
3D Printing Has been Shown to be Beneficial in the Aerospace Industry
While 3D printing appears to have a place in nearly every industry, it stands out in aerospace. It is one of the forerunner businesses where additive manufacturing is well established. The aerospace sector is one of the few where component weight is crucial. The industry is constantly looking for components that are stronger, lighter, and more resilient.
Today's 3D printing technology has opened up new avenues for meeting these issues. By reducing the restrictions associated with traditional manufacturing techniques - which are mostly time-demanding and constrained by raw material selection - additive manufacturing has enabled major design advances in airplanes. Even slight weight reductions on commercial aircraft may have a substantial financial impact.
Specific requirements for 3D printing materials are placed on the aviation and aerospace sector. It needs to be powerful but not heavy, tough but not bulky. Almost every component of a modern airplane is currently made using 3D printing.
This includes the engine, nozzles, cabin accessories, air ducts, engine suspension, dashboard bezels, brackets, etc. Nylon, resins of all kinds, digital ABS, lightweight metals like titanium and aluminum, etc. are some of the materials commonly used in aircraft 3D printing.
3D Printing to Revolutionize Defense Equipment Manufacturing
It's possible to make everything from dentures to intricate technical components with Additive Manufacturing (AM). There is a wide range of applications for AM in the military, from 3D printed vehicle door handles and rifle grips to parts for fighter jet engines and personalized prostheses. It is the cutting-edge technology of the future, and the sooner forces adopt it, the better.
Manufacturing-scale 3D printing has the potential to revolutionize the development of military hardware while also strengthening the reliability of the associated supply chains. Metal rifle barrels, for example, have too much tensile strength to be manufactured economically with AM.
Although high-end 3D printers may achieve extremely high levels of accuracy and detail, consumer models can struggle to achieve acceptable levels of precision and accuracy.
However, as technology advances, new doors of opportunity open every day. A wide variety of industries and military branches can benefit from this technology because of its adaptability. Supply chains may be shortened by a significant amount, which is especially helpful during operations and in unusual situations, like the COVID epidemic.
This technology streamlines the procurement process, shortens lead times, and makes logistics and supply problems far less complicated. With increasing complexity in technology shortening manufacturing processes becomes possible.
In 2022, the automotive sector dominated the market and generated the majority of global revenue. Aerospace, defense & military, medical & dental, marine, building & construction, among others, are additional end-uses.
A significant portion of the growth of metal 3D printing is anticipated to come from the end users in the aerospace, healthcare, and automotive industries over the course of the forecast period as a result of these industries' active adoption of technology.
From 2022 to 2032, the healthcare market is projected to grow at the highest CAGR among all end-uses of 3D printing metals. In the healthcare industry, additive manufacturing aids in the creation of synthetic muscles and tissues that can be used in replacement surgeries to mimic natural human tissues.
These capabilities are anticipated to significantly contribute to the growth of the industrial sector and to the acceleration of the adoption of metal 3D printing throughout the healthcare sector.
North America leads the 3D printing metal market, holding the majority of shares in global revenue in 2022, as a result of the region's mass adoption of additive manufacturing techniques, especially 3D printers. The USA and Canada were early adopters of these technologies in a variety of manufacturing processes. The potential for 3D printing metal in a variety of regional markets is substantial.
The market is expected to expand at the fastest rate in the Asia Pacific. Innovations and improvements in Asia's industrial sector are likely responsible for the quick adoption of metal 3D printing in the area.
In addition, the Asia-Pacific region is becoming increasingly important in terms of production for the automotive and healthcare industries. The region's need for 3D printing is expanding as a result of a combination of factors, including a firm grasp on consumer electronics production and increased urbanization.
In order to meet the rising industrial demand for metal 3D printing applications in industries like automotive, healthcare, aerospace, and military, market participants are constantly improving the technology. To increase their global footprint and better position themselves to take advantage of the burgeoning market opportunity, some major companies in the market are engaging in mergers and acquisitions, and new entrants to the sector are also doing the same.
For Instance,
A similar development has been tracked by Future Market Insights in its latest market study.
| Attribute | Details |
| Growth Rate | CAGR of 24.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Covered |
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| Key Companies Profiled |
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| Customization & Pricing | Available upon Request |
In 2022, the value of the global 3D Printing Metal market reached over US$ 3,554.5 Million
During the forecast period, the global 3D Printing Metal market is estimated to expand at a CAGR of 24.5% from 2022 to 2032.
The global 3D Printing Metal market is projected to reach US$ 31,803.0 Million by the end of 2032.
The key players operating in the 3D Printing Metal market are 3D Systems Corporation, Ltd., Renishaw plc, General Electric Company, Carpenter Technology Corporation, Materialise NV, Voxeljet AG, Sandvik AB, EOS GmbH Electro Optical Systems, The ExOne Company, Proto Labs, Inc, GE Additive, Autodesk Inc., Optomec Inc, ATI Powder Metals, Rio Tinto Plc, Showa Denko Materials, Hoganas AB, Royal Metal Powders, CNPC Powder Group Co., Ltd., GKN Plc, and various others.
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3D Printing Metal Market
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