Metal 3D Printing Market Share, Opportunities, Industry 2031

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Metal 3D Printing Market Share, Opportunities, Industry 2031

Metal 3D Printing Market Share, Opportunities, Industry 2031

Segments - Metal 3D Printing Market by Components (Software, Hardware, and Services), Technology (Selective Laser Sintering, Direct Metal Laser Sintering, Inkjet Printing, Laser Metal Deposition, Electron Beam Melting, Electron Beam Freeform Fabrication, Laminated Object Manufacturing, and Selective Laser Melting), Software (Design Software, Inspection Software, Printer Software, and Scanning Software), Applications (Functional Parts, Tooling, and Prototyping), Verticals (Automotive, Aerospace & Defense, Healthcare, Consumer Electronics, Power & Energy, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

Metal 3D Printing Market Outlook 2031

The global metal 3D printing market size was valued at USD 4.23 Billion in 2022 and is likely reach to USD 23.17 Billion by 2031, expanding at a CAGR of 20.8% during the forecast period, 2023–2031. The growth of the market is attributed to increasing necessity of advanced manufacturing practices and rapid prototyping.

Rising acceptance of metal 3D printers for prototyping and designing of objects and products, combined with the decreased manufacturing cost and accuracy in the end-product is a key factor driving the market. However, the prevailing misconceptions in context of the prototyping processes by the medium-scale and small manufacturers are expected to affect the market.

The concept prevailing among companies is that prototyping is purely a costly phase before manufacturing. Such conceptions about prototyping, combined with the absence of technical excellence and absence of ideal process controls are affecting the market.

The Covid-19 pandemic affected the demand and supply of global metal 3D printing market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth.

Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

The market is inclined towards consolidation to stay in the competition which is further expected to boost the market.
Increasing innovations are leading to several benefits through the acceptance of metal 3D printing in heavy industry applications which is estimated to drive the market.
Misinterpretation related to the prototyping processes by the medium-scale and small manufacturers are expected to hamper the market.
Rising application of additive manufacturing in several industry segments is expected to provide growth opportunities to the market.

Scope of Metal 3D Printing Market Report

The report on the global metal 3D printing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Metal 3D Printing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Components (Software, Hardware, and Services), Technology (Selective Laser Sintering, Direct Metal Laser Sintering, Inkjet Printing, Laser Metal Deposition, Electron Beam Melting, Electron Beam Freeform Fabrication, Laminated Object Manufacturing, and Selective Laser Melting), Software (Design Software, Inspection Software, Printer Software, and Scanning Software), Applications (Functional Parts, Tooling, and Prototyping), Verticals (Automotive, Aerospace & Defense, Healthcare, Consumer Electronics, Power & Energy, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	3D Systems, Inc.; Materialise NV; Autodesk Inc.; GE Additive; and Optomec, Inc.

Metal 3D Printing Market Segment Insights

The hardware segment account for a key market share

Based on components, the global metal 3D printing market is bifurcated as software, hardware, and services. The hardware segment accounts for a key share of the market due to rising demand in the industrial 3D printing market; however, the services segment is expected to expand at a rapid pace during the forecast period owing to the benefits offered by the technology and improved prototyping.

The selective laser sintering segment is estimated to expand at a robust CAGR

Based on technology, the market is segregated into selective laser sintering, direct metal laser sintering, inkjet printing, laser metal deposition, electron beam melting, electron beam freeform fabrication, laminated object manufacturing, and selective laser melting.

The selective laser sintering segment is estimated to expand at a rapid pace owing to the ease of operations and advantages linked with the SLM technology are promoting the adoption of this technology.

The design software segment is projected to expand at a considerable CAGR

In terms of software, the global metal 3D printing market is fragmented into design software, inspection software, printer software, and scanning software. The design software segment is projected to expand at a substantial CAGR as this is widely used for aerospace & defense, automotive, and construction & engineering industries.

On the other hand, the scanning software segment accounts for a key market share due to growing trend of scanning the objects and storing the scanned documents.

The prototyping segment is attributed to hold a major market share

In terms of applications, the market is classified into functional parts, tooling, and prototyping. The prototyping segment is attributed to register a high CAGR due to rising adoption of the prototyping process in various industries. Moreover, the functional parts segment exhibit a high growth rate owing to growing demand for building and designing.

The automotive segment is anticipated to grow at a considerable rate

In terms of verticals, the market is categorized into automotive, aerospace & defense, healthcare, consumer electronics, power & energy, and others. The automotive segment is anticipated to grow at a considerable rate due to the active adoption of technology in various production processes.

Furthermore, the healthcare segment is projected to grow at a rapid rate due to rising adoption of metal 3D printing across the healthcare sector.

Metal 3D Printing Market Regional Outlook

North America is anticipated to dominate the market

In terms of regions, the global metal 3D printing market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

North America is anticipated to dominate the market owing to extensive adoption of additive manufacturing in the region. In addition, Europe is home to various additive manufacturing industry players, that holds strong technical excellence in additive manufacturing processes.

Segments

Components

Software
Hardware
Services

Technology

Selective Laser Sintering
Direct Metal Laser Sintering
Inkjet Printing
Laser Metal Deposition
Electron Beam Melting
Electron Beam Freeform Fabrication
Laminated Object Manufacturing
Selective Laser Melting

Software

Design Software
Inspection Software
Printer Software
Scanning Software

Applications

Functional Parts
Tooling
Prototyping

Verticals

Automotive
Aerospace & Defense
Healthcare
Consumer Electronics
Power & Energy
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

3D Systems, Inc.
Materialise NV
Autodesk Inc.
GE Additive
Optomec, Inc.

Competitive Landscape

Key players competing in the global metal 3D printing market include 3D Systems, Inc.; Materialise NV; Autodesk Inc.; GE Additive; and Optomec, Inc.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

For instance, GE Additive (U.S.) purchased Arcam AB to increase the service as well as solution offerings to the customers In August 2017.

Metal 3D Printing Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metal 3D Printing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Metal 3D Printing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Metal 3D Printing Market - Supply Chain
  4.5. Global Metal 3D Printing Market Forecast
     4.5.1. Metal 3D Printing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Metal 3D Printing Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Metal 3D Printing Market Absolute $ Opportunity
5. Global Metal 3D Printing Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Metal 3D Printing Market Size and Volume Forecast by Applications
     5.3.1. Functional Parts Tooling Prototyping
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Metal 3D Printing Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Metal 3D Printing Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Metal 3D Printing Demand Share Forecast, 2019-2026
7. North America Metal 3D Printing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Metal 3D Printing Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Metal 3D Printing Market Size and Volume Forecast by Applications
     7.4.1. Functional Parts Tooling Prototyping
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Metal 3D Printing Demand Share Forecast, 2019-2026
8. Latin America Metal 3D Printing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Metal 3D Printing Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Metal 3D Printing Market Size and Volume Forecast by Applications
     8.4.1. Functional Parts Tooling Prototyping
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Metal 3D Printing Demand Share Forecast, 2019-2026
9. Europe Metal 3D Printing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Metal 3D Printing Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Metal 3D Printing Market Size and Volume Forecast by Applications
     9.4.1. Functional Parts Tooling Prototyping
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Metal 3D Printing Demand Share Forecast, 2019-2026
10. Asia Pacific Metal 3D Printing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Metal 3D Printing Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Metal 3D Printing Market Size and Volume Forecast by Applications
     10.4.1. Functional Parts Tooling Prototyping
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Metal 3D Printing Demand Share Forecast, 2019-2026
11. Middle East & Africa Metal 3D Printing Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Metal 3D Printing Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Metal 3D Printing Market Size and Volume Forecast by Applications
     11.4.1. Functional Parts Tooling Prototyping
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Metal 3D Printing Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Metal 3D Printing Market: Market Share Analysis
  12.2. Metal 3D Printing Distributors and Customers
  12.3. Metal 3D Printing Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. 3D Systems, Inc. Materialise NV Autodesk Inc. GE Additive Optomec, Inc.