3D Metal Printing Market: By Metal Type (Titanium, Nickel, Stainless Steel, and Aluminum), Software (Design, Inspection, Scanning, and Printing) Application (Prototyping and Functional Parts), End User (Architect and Designing, Automobile, Medical and Dental, Aerospace, and Others), and Geography

3D Metal Printing Market was valued at USD 6.6 billion in 2022 and is poised to grow at a CAGR of 11.5% from 2023 to 2029. 3D printing or additive manufacturing is the construction of a three-dimensional object from a CAD model or a digital 3D model. It can be done in a variety of processes in which material is deposited, joined, or solidified under computer control, with the material being added together, typically layer by layer. 3D metal is segmented into titanium, nickel, stainless steel, and aluminium which is used in modelling in the manufacture of prototyping or any other functional parts. The rise in this segment is due to the effective modelling of automobile parts, dental moulds, and others, increase in the use of 3D metal printing for mass customization of complex products and structures driving the market. 3D metals show potential in manufacturing various complex products and lead to growing business for prototyping of products, which is complex to make from the traditional method. The cost of metal 3D printing today is very high when compared to traditional manufacturing methods. A typical DMLS/SLM part will cost you approximately $5,000 to $10,000 to 3D print and finish which is the major restraint in the 3D metal printing market. Geographically, North America held the major market share in 2021 and is expected to dominate the global embolization market in the forecasted years.

3D Metal Printing Market Key Developments:

• In September 2022, The HP Metal Jet 3D printer has been launched by HP at the 2022 International Manufacturing Technology Show (IMTS). The Metal Jet S100 will launch with stainless steel 316L and 17-4PH compatibility.
• In April 2022, 3D Systems has announced the acquisitions of polymer extrusion 3D printing companies Titan Additive and Kumovis to expand its play in the industrial and medical markets.