Product Code: GVR-1-68038-848-0
3D Printing Metal Market Growth & Trends:
The global 3D printing metal market size is anticipated to reach USD 2,978.9 million by 2030 and is projected to grow at a CAGR of 18.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing need for complex and intricate metal parts and components in various end use industries such as defense, aerospace, medical, dental, and automotive is propelling the need for 3D printing technology.
3D printing metal is an additive manufacturing process used to produce objects with complex designs through a digital blueprint. As the name implies, the process involves adding or depositing thin layers of material in the form of metal powder or filament, and subsequently bonding the layers together. Based on form, powders constitute the major share of the market, as they are the preferred feedstock on account of their unique structure, despite being difficult and dangerous to handle in their raw state.
Different types of metal or their alloys are utilized in this process. Titanium is the most preferred product type for 3D printing. The distinctive characteristics of titanium to provide a light yet durable finished product make it useful across critical applications. In February 2024, U.S.-based contract manufacturer Armadillo Additive launched a new additive manufacturing facility targeting precision engineering for the medical device sector. The company, with its new machine, will specialize in the Ti-6Al-4V Grade 23 titanium products.
Based on end use, aerospace & defense holds the largest market share. The industry holds the capacity to bear the high initial costs of 3D printing. Also, aerospace and defense companies are investing towards expanding their reliability on 3D printing, on account of its growing penetration in critical areas. For instance, as per news released in January 2024, the first metal 3D printer is expected to be tested aboard the Columbus module of the International Space Station. This could be an important step to commence manufacturing in space and future missions to Mars and Moon.
North America is the most significant region for the growth and development of 3D printing. The growth of additive manufacturing technology is anticipated to propel in the region owing to the growing consumption of highly efficient critical components in the aviation industry. The presence of major government and private aerospace companies, coupled with high defense and space expenditure in the region, is aiding market growth.
The global market is characterized by increasing mergers & acquisitions activities globally, with giant players acquiring stakes in small companies having a competitive edge such as advanced technology, efficient processes, or presence in the regional market. For instance, 3D printer manufacturer Nano Dimension has announced to acquire Desktop Metal, a manufacturer of 3D printers for metal parts. The acquisition is expected to close in last quarter of 2024.
3D Printing Metal Market Report Highlights:
- 3D printing technology is gaining traction owing to the ability of the technology to offer accurate and rapid prototypes and optimize the time to market. Increasing adoption of 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market significantly
- Based on product, the titanium segment led the market with the largest revenue share of 43.8% in 2023. Properties, such as high fatigue strength, strength-to-weight ratio, and excellent corrosion resistance have a key role in driving the demand for titanium
- Based on end use, the aerospace & defense segment led the market with the largest revenue share of 43.4% in 2023. The ability to manufacture complex components in less time is forcing aerospace & defense players to invest in 3D printing
- Based on end use, the medical & dental segment is projected to grow at the fastest CAGR of 19.7% from 2024 to 2030. Rising awareness about health, the development of new alloys for medical applications, and the ability of 3D printing to customize the parts are projected to be the key factors driving the growth of this segment
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Powder Metallurgy Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Production Processes
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Trends
- 3.4.3.1. ESG Trends
- 3.4.3.2. Technology Trends
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of Substitution
- 3.5.4. Threat of New Entrants
- 3.5.5. Competitive Rivalry
- 3.6. PESTLE Analysis
- 3.6.1. Political
- 3.6.2. Economic
- 3.6.3. Social Landscape
- 3.6.4. Technology
- 3.6.5. Environmental
- 3.6.6. Legal
Chapter 4. 3D Printing Metal Market: Form Estimates & Trend Analysis
- 4.1. 3D Printing Metal Market: Form Movement Analysis, 2023 & 2030
- 4.2. Powder
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 4.3. Filament
Chapter 5. 3D Printing Metal Market: Product Estimates & Trend Analysis
- 5.1. 3D Printing Metal Market: Product Movement Analysis, 2023 & 2030
- 5.2. Titanium
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.3. Nickel
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.4. Stainless Steel
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.5. Aluminum
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 6. 3D Printing Metal Market: End Use Estimates & Trend Analysis
- 6.1. 3D Printing Metal Market: End Use Movement Analysis, 2023 & 2030
- 6.2. Aerospace & Defense
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.3. Automotive
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.4. Medical & Dental
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 6.5. Others
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 7. 3D Printing Metal Market: Regional Estimates & Trend Analysis
- 7.1. Regional Analysis, 2023 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.2.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.2.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.2.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.2.5.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.2.5.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.2.5.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.2.6.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.2.6.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.2.6.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.2.7.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.2.7.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.2.7.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.3.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.3.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.3.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.3.5.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.3.5.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.3.5.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.3.6. UK
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.3.6.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.3.6.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.3.6.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.3.7. France
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.3.7.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.3.7.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.3.7.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.3.8. Spain
- 7.3.8.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.3.8.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.3.8.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.3.8.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.3.9. Italy
- 7.3.9.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.3.9.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.3.9.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.3.9.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.4.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.4.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.4.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.4.5. China
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.4.5.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.4.5.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.4.5.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.4.6.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.4.6.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.4.6.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.4.7.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.4.7.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.4.7.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.4.8.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.4.8.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.4.8.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.4.9. Singapore
- 7.4.9.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.4.9.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.4.9.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.4.9.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.5.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.5.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.5.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.5.5.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.5.5.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.5.5.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (Tons) (USD Million)
- 7.6.2. Market estimates and forecasts, by form, 2018 - 2030 (Tons) (USD Million)
- 7.6.3. Market estimates and forecasts, by product, 2018 - 2030 (Tons) (USD Million)
- 7.6.4. Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments, By Key Market Participants
- 8.2. Kraljic Matrix
- 8.3. Company Categorization
- 8.4. Heat Map Analysis
- 8.5. Company Market Ranking
- 8.6. Vendor Landscape
- 8.6.1. List of Raw Material Suppliers
- 8.6.2. List of Distributors
- 8.6.3. List of Other Prominent Manufacturers
- 8.7. List of Prospective End Users
- 8.8. Strategy Mapping
- 8.9. Company Profiles/Listing
- 8.9.1. ATI
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.2. CNPC Powder
- 8.9.2.1. Company Overview
- 8.9.2.2. Product Benchmarking
- 8.9.3. Colibrium Additive (a GE Aerospace Company)
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.4. CRS Holdings, LLC
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.5. GKN Powder Metallurgy
- 8.9.5.1. Company Overview
- 8.9.5.2. Product Benchmarking
- 8.9.6. Hoganas AB
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.7. INDO-MIM
- 8.9.7.1. Company Overview
- 8.9.7.2. Product Benchmarking
- 8.9.8. Kennametal Inc.
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.9. Materialise NV
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.10. OC Oerlikon Management AG
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarking
- 8.9.11. Outokumpu
- 8.9.11.1. Company Overview
- 8.9.11.2. Financial Performance
- 8.9.11.3. Product Benchmarking
- 8.9.12. POLEMA
- 8.9.12.1. Company Overview
- 8.9.12.2. Product Benchmarking
- 8.9.13. Powder Alloy Corporation
- 8.9.13.1. Company Overview
- 8.9.13.2. Product Benchmarking
- 8.9.14. Rio Tinto Metal Powder
- 8.9.14.1. Company Overview
- 8.9.14.2. Financial Performance
- 8.9.14.3. Product Benchmarking
- 8.9.15. Sandvik AB
- 8.9.15.1. Company Overview
- 8.9.15.2. Financial Performance
- 8.9.15.3. Product Benchmarking