PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652070
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1652070
The 3D printing metal market size is expected to reach USD 5,605.78 million by 2034, according to a new study by Polaris Market Research. The report "3D Printing Metals Market Size, Share, Trends, Industry Analysis Report: By Form Type (Filament, Powder, and Others), Product Type, Technology, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
3D printing metals, also known as metal additive manufacturing (MAM), is a process that uses 3D model data to create metal parts by layering material. This process enables the creation of more complex designs than conventional manufacturing methods. Common 3D metal printing methods are binder jetting, electron beam melting, powder bed infusion, and metal extrusion.
The 3D printing metal market demand is expected to grow steadily in industries due to rising demand from important industries such as aerospace, military, and automotive sectors. These sectors place a high value on metal 3D printing as it can create intricate, lightweight, and high-performing parts that are difficult to produce using conventional manufacturing techniques. Rapid prototyping and customization are advantageous for military applications, while 3D-printed metal parts in aerospace provide lighter weight and improved fuel efficiency.
Metal 3D printing is becoming more popular due to the need for quick prototyping, which allows for more rapid iterations and economic development cycles. The technology's application diversity across the automotive, healthcare, and aerospace & defense sectors demonstrates its adaptability to a range of requirements. The market's shift toward efficiency, scalability, and ongoing innovation to satisfy the various demands of contemporary manufacturing across various sectors is highlighted by this trend of adapting 3D metal printing solutions.
Carpenter Technology Corporation, General Electric Company, GKN Aerospace, Stratasys Ltd., Carpenter Technology Corporation, and Sandvik AB are among the top companies in the metals 3D printing market. To increase their clientele and fortify their position in the market, these companies are spreading their footprints across different regions and breaking into new markets in developing nations. To meet the increasing demands of their customers, the companies are also launching new, inventive products into the market.
Key Highlights of 3D Printing Metals Market
Based on form, the 3D printing metals market is segmented into powder, filament, and others. The powder segment led the market in 2024 with the largest revenue share of 96.2%. Metal powder particles have a number of essential properties such as particle shape, size, concentration, and flowability that impact the additive build process and the properties of the finished component. For example, the physical and chemical properties of raw materials must be precisely understood and described.
The 3D printing metals market, based on end user, is segmented into healthcare, automotive, construction, aerospace and defense, consumer electronics, and others. The aerospace and defense segment dominated the market, accounting for 45.9% of the total revenue in 2024. More than half of respondents admit that 3D printing has altered the operational landscape of the industry. This trend has resulted in a fundamental change in how the sector functions.
North America dominated the 3D printing metals market in 2024, accounting for 29.8% of total revenue share. The region's expanding aerospace and healthcare industries are advancing technology and driving the growth of the regional market.
The Asia Pacific 3D printing metals market is expected to register the highest CAGR of 21.1% during the forecast period. It is expected that the region's aerospace companies' increasing use of additive manufacturing will drive market expansion.
Carpenter Technology Corporation; Sandvik AB; BASF 3D Printing Solutions GmbH; Proto Labs, Inc.; Voxeljet AG; The ExOne Company; General Electric Company; GKN Aerospace; Stratasys LTD.; and Renishaw PLC are among a few of the key players influencing the market growth.
Polaris Market Research has segmented the global 3D printing metals market report on the basis of form type, product, technology, end-user, and region: