The Metal Additive Manufacturing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Metal Additive Manufacturing Global Market Report 2024, The metal additive manufacturing market size has grown rapidly in recent years. It will grow from $4.64 billion in 2023 to $5.36 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to global industrialization, increased adoption in the automotive sector, increased aerospace sector, growing healthcare sector, increased manufacturing sector.
The metal additive manufacturing market size is expected to see rapid growth in the next few years. It will grow to $9.74 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to growing dental industry, growing educational institutions, improved efficiency, increasing focus on reduced costs, increasing focus on reduced weight. Major trends in the forecast period include advancements in 3d printing, integration of automation and streamlined workflows, technological innovations, product innovations.
The adoption of metal additive manufacturing technologies in the aerospace industry is expected to propel the growth of the metal additive manufacturing market going forward. The aerospace industry encompasses the design, development, production, operation, and maintenance of aircraft, spacecraft, satellites, and related components. In the aerospace sector, metal additive manufacturing is used to create lightweight components, reduce the weight of aircraft and spacecraft, improve fuel efficiency, and cut emissions. For instance, in November 2022, according to the Aerospace Industries Association, a US-based trade association representing manufacturers and suppliers, the American Aerospace & Defense industries generated $892 billion in combined sales in 2021, a 2.1% increase from 2020. Further, in 2021, Aerospace & Defense industry exports rose by 11.2% to a total value of $100.4 billion. Therefore, the adoption of metal additive manufacturing technologies in the aerospace industry is driving demand for the metal additive manufacturing market.
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The metal additive manufacturing market covered in this report is segmented –
1) By Type: Selective Laser Melting (SLM), Electron Beam Melting (EBM), Powder Bed Fusion, Sheet Lamination, Directed Energy Deposition, Binder Jetting
2) By Component: System, Materials, Services And Parts
3) By Application: Automotive Industry, Aerospace Industry, Healthcare And Dental Industry, Tools And Mold, Academic Institutions, Other Applications
Integration of robots in additive manufacturing is the key trend gaining popularity in the metal additive manufacturing market. Major companies operating in the metal additive manufacturing market are focused on implementing robotics technologies to boost productivity and increase their market. For instance, in November 2022, ADDiTEC, a US-based provider of metal additive manufacturing (AM) solutions and applications, developed the AMRC-P (additive manufacturing robot cell-portable), a highly effective, fully automated robotic metal AM system. The AMRC-P can be modified with any industrial robot to meet the unique needs of a business. The device includes cutting-edge software tools to support intricate multi-axis geometries, making printing more straightforward and accessible for both seasoned users and beginners. The software is customizable, allowing customers to satisfy all their parameter requirements.
The metal additive manufacturing market report table of contents includes:
1. Executive Summary
2.Metal Additive Manufacturing Market Characteristics
3. Metal Additive Manufacturing Market Trends And Strategies
4. Metal Additive Manufacturing market analysis
5. Metal Additive Manufacturing Market Size And Growth
6. Metal Additive Manufacturing Segmentation
7.Metal Additive Manufacturing Regional And Country Analysis
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27.Metal Additive Manufacturing Competitive Landscape And Company Profiles
28.Metal Additive Manufacturing Key Mergers And Acquisitions
29.Metal Additive Manufacturing Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Trumpf Inc.
- Lincoln Electric Additive Solutions
- DMG Mori Seiki Co. Ltd.
- Hoganas AB
- EOS GmbH
- Renishaw PLC
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The global metal powders for additive manufacturing market mainly depicts the presence of a highly fragmented and competitive vendor landscape, says Transparency Market Research on the basis of a newly published report.
With new companies entering this sector on a regular basis, the competition is expected to increase dramatically during the upcoming years.
Most companies are focused on increasing product manufacturing capacities and improving product quality.A lot of focus is being imparted on bringing about extensive innovations in the production techniques used to manufacture metal powders.
Participating in mergers & acquisitions, expansion of product portfolios, and achieving product differentiation also are key schemes implemented by many businesses in the global metal powders for additive manufacturing market.
Hoganas AB, Rio Tinto, Arconic Inc., Hitachi Chemical Co., Ltd., Renishaw Plc., Carpenter Technology Corporation, Miba AG, Sandvik AB, BÖHLER Edelstahl GmbH & Co KG, Praxair Technology Inc., Metaldyne Performance Group Inc., GKN Plc., Aubert & Duval, and ATI Powder Metals, are key players operating in the global metal powders for additive manufacturing market.Request a Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=33197According to market experts, this market had gained revenue worth US$310.6 mn in 2016, and is further expected to grow up to US$1,783.9 mn by 2025.
This is mainly due to a great need of the additives made from metals in these industries, owing to their advantageous properties such as corrosion resistance, high error resistance, and notable tensile strength.
Additive Manufacturing with Metal Powders market is segmented by region, by country, company, type, application and by sales channels.
Players, stakeholders, and other participants in the global Additive Manufacturing with Metal Powders market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.Segment by Type, the Additive Manufacturing with Metal Powders market is segmented into:Selective Laser Melting (SLM)Electronic Beam Melting (EBM)OtherDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/56717/global-additive-with-metal-powders-2020-2026-729Segment by Application, the Additive Manufacturing with Metal Powders market is segmented into:Automotive IndustryAerospace IndustryHealthcare & Dental IndustryAcademic InstitutionsOthersRegional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Additive Manufacturing with Metal Powders Market Share Analysis:Additive Manufacturing with Metal Powders market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020.
Details included are company description, major business, Additive Manufacturing with Metal Powders product introduction, recent developments, Additive Manufacturing with Metal Powders sales by region, type, application and by sales channel.The major companies include:EOS GmbHConcept Laser GmbHSLM3D SystemsArcam ABReaLizerRenishawExoneWuhan BinhuBright Laser TechnologiesHuake 3DSyndayaGet the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/56717/global-additive-with-metal-powders-2020-2026-729CONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 9169162030Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
