NEW
YORK, June 25, 2024 /PRNewswire/ -- The
global metal additive manufacturing market size is estimated
to grow by USD 15.12 billion
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of 29.28% during the forecast period.
The metal additive manufacturing market is booming,
driven by a growing preference for this technology and continuous
advancements in materials.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
However, high production costs remain a hurdle.
Key trends fueling this growth include:
- New materials: Development of materials with unique
properties like high heat resistance and intricate design
possibilities.
- Expanding applications: Industries like aerospace
and healthcare are increasingly using metal additive manufacturing
for prototyping, custom parts, and complex components.
Common techniques used are:
- Nano dimension printing
- Electron beam melting
- 3D metal printing
Metal additive manufacturing faces challenges such
as:
- High costs of metal powders: Expensive materials
like aluminum and steel hinder wider adoption.
- Limited build envelopes: Large components might
require additional joining and welding, impacting efficiency.
Major players in this market include:
- 3D Systems Corp.
- EOS GmbH
- SLM Solutions Group AG
- Renishaw Plc
The market is segmented by:
- Type: Selective laser melting, electron beam
melting, etc.
- Application: Aerospace, healthcare, tools and
molds, automotive, etc.
- Geography: North America, Europe, Asia
Pacific, etc.
Metal additive manufacturing offers several benefits:
- Production of complex geometries and lightweight
structures
- Faster and more resource-efficient compared to traditional
methods
- Potential for mass customization and reduced material
waste
Overall, the metal additive manufacturing market holds
immense promise for the future, despite current challenges.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Selective Laser Melting
- Electron Beam Melting
- Application
-
- Aerospace
- Healthcare
- Tools And Mold
- Automobile
- Others
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides 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 across 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio