Jan 6, 2023   SOURCE: BusinessWire

The Worldwide Metal Additive Manufacturing Industry is Expected to Reach $14 Billion by 2031 - ResearchAndMarkets.com

The "Metal Additive Manufacturing Market By Type, By Component, By End User Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

The global metal additive manufacturing market size was valued at $2,631.0 million in 2021 and is projected to reach $14,094.5 million by 2031, registering a CAGR of 18.1% from 2021 to 2031.

Metal additive manufacturing utilizes molten metal to make a product layer by layer. With the use of metal additive manufacturing processes, a metal object can be manufactured in a very short span of time with little to no waste generation and at a fraction of the cost as compared to traditional methods.

Metal additive manufacturing process is available for a wide range of industries, including aerospace, automotive, and healthcare. Metal additive manufacturing is frequently used to produce customized products for a specific need. Furthermore, it is used in prototyping across the above-mentioned industries.

Rise in population, globalization, and rise in disposable income of people has fueled the growth of industries such as aerospace, automotive, medical equipment manufacturing, and others. These industries are among the most significant users of metal additive manufacturing; thus, an increase in these industries is expected to drive growth in the metal additive manufacturing market.

However, the high initial cost of metal additive manufacturing is expected to constrain the market. Furthermore, development of technologies that have enabled metal additive manufacturing to be more efficient and user-friendly is expected to provide lucrative opportunities for the metal additive manufacturing market growth.

Key Benefits

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal additive manufacturing market analysis from 2021 to 2031 to identify the prevailing metal additive manufacturing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the metal additive manufacturing market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global metal additive manufacturing market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Powder Bed Fusion
  • Binder Jetting
  • Direct Energy Deposition
  • Bound Powder Extrusion
  • Others

By Component

  • Systems
  • Materials
  • Service and parts

By End User Industry

  • Aerospace
  • Automotive
  • Healthcare
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • UK
  • Italy
  • Rest Of Europe
  • Germany
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • BeAM Machines
  • DMG Mori
  • EOS GmbH
  • Farsoon Technologies
  • GE Additive
  • Renishaw
  • Sisma
  • SLM Solutions
  • Trumpf
  • Xi'an Bright Laser Technologies Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/wlxsir