- Stainless Steel
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.
Fastest Growing Market
The growing demand for rapid prototyping coupled with ease of manufacturing and added benefits offered by the 3D printing technology are the major factors driving the market during the forecast period. 3D metal printing provides customization for complex structures, the rise in the technology adoption in automobile, medical, and dental increased the demand for 3D printing, and industrial metal 3D printing holds the largest market share in the following years.
The 3D Metal Printing Market size was valued at USD 6.6 billion in 2022, growing at an 11.5% CAGR from 2023 to 2029
The leading players in the 3D Metal Printing Market are 3D Systems, Inc., Arcam AB, Autodesk Inc., EOS (Electro Optical Systems) GmbH, ExOne, GE Additive, Materialise NV, Matsuura Machinery USA Inc., Optomec, Inc., Renishaw plc., and SLM Solutions
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast is presented from 2023 – 2029.