Metal Additive Manufacturing Market size to grow by USD 7,574.3 million from 2022 to 2027, North America to account for 43% of the market growth - Technavio

PR Newswire
Wednesday, May 31, 2023 at 3:45am UTC

Metal Additive Manufacturing Market size to grow by USD 7,574.3 million from 2022 to 2027, North America to account for 43% of the market growth - Technavio

PR Newswire

NEW YORK, May 30, 2023 /PRNewswire/ -- The metal additive manufacturing market size is set to grow by USD 7574.3 million between 2022 and 2027 and register a CAGR of  20.84%, according to Technavio's latest market research report. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. 

Technavio's market report presents a detailed market study, synthesis, and summation of data from multiple sources through an analysis of key parameters. Read our Sample Report

Factors such as increased preference for additive manufacturing, the rise in demand from developing countries, and the increase in demand from the automobile industry will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The metal additive manufacturing market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Metal Additive Manufacturing Market 2023-2027: Segmentation

  • Type 
    • Selective Laser Melting
    • Electron Beam Melting
  • Application 
    • Aerospace
    • Healthcare
    • Tools And Mold
    • Automobile
    • Others
  • Geography 
    • North America
    • Europe
    • APAC
    • South America
    • Middle East And Africa

Learn more about the factors assisting the growth of the market, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41666

Metal Additive Manufacturing Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the metal additive manufacturing market include 3D Systems Corp., 3DEO Inc., Additive Industries BV, DMG MORI Co. Ltd., EOS GmbH, General Electric Co., Hoganas AB, Materialise NV, Norsk Titanium AS, Optomec Inc., Renishaw Plc, Sciaky Inc., SLM Solutions Group AG, Stratasys Ltd., The ExOne Co., The Lincoln Electric Co., Titomic Ltd., TRUMPF SE Co. KG, and Xjet Ltd. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market.

The report also covers the following areas:

Market Drivers

  • Increased preference for additive manufacturing
  • Rise in demand from developing countries
  • Increase in demand from the automobile industry

Market Trends

  • Advancements in new materials
  • Increase in strategic alliances
  • Integration of automation in additive manufacturing

Market Challenges

  • High production costs
  • Challenges in the production process
  • Lack of skilled manpower

Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at USD 5000. View 3 reports monthly and Download 3 Reports Annually!

Metal Additive Manufacturing Market 2023-2027: Key Highlights

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will assist metal additive manufacturing market growth during the next five years
  • Estimation of the metal additive manufacturing market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the metal additive manufacturing market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of metal additive manufacturing market vendors

Related Reports:

Light Metal Packaging MarketThe light metal packaging market size is estimated to grow at a CAGR of 3.32% between 2022 and 2027. The market size is forecast to increase by USD 9,420.12 million.

Metal Powder Bed Fusion MarketThe Metal Powder Bed Fusion Market is estimated to grow at a CAGR of 8.92% between 2022 and 2027, and the size of the market is forecasted to increase by USD 682.97 million

Metal Additive Manufacturing Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 20.84%

Market growth 2023-2027

USD 7574.3 million

Market structure

Fragmented

YoY growth 2022-2023(%)

20.6

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 43%

Key countries

US, China, Germany, UK, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3D Systems Corp., 3DEO Inc., Additive Industries BV, DMG MORI Co. Ltd., EOS GmbH, General Electric Co., Hoganas AB, Materialise NV, Norsk Titanium AS, Optomec Inc., Renishaw Plc, Sciaky Inc., SLM Solutions Group AG, Stratasys Ltd., The ExOne Co., The Lincoln Electric Co., Titomic Ltd., TRUMPF SE Co. KG, and Xjet Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022 
  • 3.4 Market outlook: Forecast for 2022-2027
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global metal additive manufacturing market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global metal additive manufacturing market 2017 - 2021 ($ million)
  • 4.2 Type Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
  • 4.3 Application Segment Analysis 2017 - 2021
    • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

  • 6.1 Market segments 
    • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
  • 6.2 Comparison by Type 
    • Exhibit 32: Chart on Comparison by Type
    • Exhibit 33: Data Table on Comparison by Type
  • 6.3 Selective laser melting - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Selective laser melting - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Selective laser melting - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Selective laser melting - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Selective laser melting - Year-over-year growth 2022-2027 (%)
  • 6.4 Electron beam melting - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Electron beam melting - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Electron beam melting - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Electron beam melting - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Electron beam melting - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Type 
    • Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Application

  • 7.1 Market segments 
    • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
  • 7.2 Comparison by Application 
    • Exhibit 45: Chart on Comparison by Application
    • Exhibit 46: Data Table on Comparison by Application
  • 7.3 Aerospace - Market size and forecast 2022-2027
    • Exhibit 47: Chart on Aerospace - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on Aerospace - Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on Aerospace - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Aerospace - Year-over-year growth 2022-2027 (%)
  • 7.4 Healthcare - Market size and forecast 2022-2027
    • Exhibit 51: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
  • 7.5 Tools and mold - Market size and forecast 2022-2027
    • Exhibit 55: Chart on Tools and mold - Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on Tools and mold - Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on Tools and mold - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Tools and mold - Year-over-year growth 2022-2027 (%)
  • 7.6 Automobile - Market size and forecast 2022-2027
    • Exhibit 59: Chart on Automobile - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Automobile - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Automobile - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Automobile - Year-over-year growth 2022-2027 (%)
  • 7.7 Others - Market size and forecast 2022-2027
    • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 7.8 Market opportunity by Application 
    • Exhibit 67: Market opportunity by Application ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 71: Chart on Geographic comparison
    • Exhibit 72: Data Table on Geographic comparison
  • 9.3 North America - Market size and forecast 2022-2027
    • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027
    • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 APAC - Market size and forecast 2022-2027
    • Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 China - Market size and forecast 2022-2027
    • Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.10 Germany - Market size and forecast 2022-2027
    • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.11 UK - Market size and forecast 2022-2027
    • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.12 France - Market size and forecast 2022-2027
    • Exhibit 109: Chart on France - Market size and forecast 2022-2027 ($ million)
    • Exhibit 110: Data Table on France - Market size and forecast 2022-2027 ($ million)
    • Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers 
  • 10.2 Market challenges 
  • 10.3 Impact of drivers and challenges 
    • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends 

11 Vendor Landscape

  • 11.1 Overview 
  • 11.2 Vendor landscape 
    • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 116: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 118: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 119: Matrix on vendor position and classification
  • 12.3 3D Systems Corp. 
    • Exhibit 120: 3D Systems Corp. - Overview
    • Exhibit 121: 3D Systems Corp. - Business segments
    • Exhibit 122: 3D Systems Corp. - Key news
    • Exhibit 123: 3D Systems Corp. - Key offerings
    • Exhibit 124: 3D Systems Corp. - Segment focus
  • 12.4 3DEO Inc. 
    • Exhibit 125: 3DEO Inc. - Overview
    • Exhibit 126: 3DEO Inc. - Product / Service
    • Exhibit 127: 3DEO Inc. - Key offerings
  • 12.5 Additive Industries BV 
    • Exhibit 128: Additive Industries BV - Overview
    • Exhibit 129: Additive Industries BV - Product / Service
    • Exhibit 130: Additive Industries BV - Key offerings
  • 12.6 DMG MORI Co. Ltd. 
    • Exhibit 131: DMG MORI Co. Ltd. - Overview
    • Exhibit 132: DMG MORI Co. Ltd. - Business segments
    • Exhibit 133: DMG MORI Co. Ltd. - Key offerings
    • Exhibit 134: DMG MORI Co. Ltd. - Segment focus
  • 12.7 EOS GmbH 
    • Exhibit 135: EOS GmbH - Overview
    • Exhibit 136: EOS GmbH - Product / Service
    • Exhibit 137: EOS GmbH - Key offerings
  • 12.8 General Electric Co. 
    • Exhibit 138: General Electric Co. - Overview
    • Exhibit 139: General Electric Co. - Business segments
    • Exhibit 140: General Electric Co. - Key news
    • Exhibit 141: General Electric Co. - Key offerings
    • Exhibit 142: General Electric Co. - Segment focus
  • 12.9 Hoganas AB 
    • Exhibit 143: Hoganas AB - Overview
    • Exhibit 144: Hoganas AB - Product / Service
    • Exhibit 145: Hoganas AB - Key offerings
  • 12.10 Materialise NV 
    • Exhibit 146: Materialise NV - Overview
    • Exhibit 147: Materialise NV - Business segments
    • Exhibit 148: Materialise NV - Key news
    • Exhibit 149: Materialise NV - Key offerings
    • Exhibit 150: Materialise NV - Segment focus
  • 12.11 Norsk Titanium AS 
    • Exhibit 151: Norsk Titanium AS - Overview
    • Exhibit 152: Norsk Titanium AS - Product / Service
    • Exhibit 153: Norsk Titanium AS - Key offerings
  • 12.12 Optomec Inc. 
    • Exhibit 154: Optomec Inc. - Overview
    • Exhibit 155: Optomec Inc. - Product / Service
    • Exhibit 156: Optomec Inc. - Key offerings
  • 12.13 Renishaw Plc 
    • Exhibit 157: Renishaw Plc - Overview
    • Exhibit 158: Renishaw Plc - Business segments
    • Exhibit 159: Renishaw Plc - Key offerings
    • Exhibit 160: Renishaw Plc - Segment focus
  • 12.14 Sciaky Inc. 
    • Exhibit 161: Sciaky Inc. - Overview
    • Exhibit 162: Sciaky Inc. - Product / Service
    • Exhibit 163: Sciaky Inc. - Key offerings
  • 12.15 SLM Solutions Group AG 
    • Exhibit 164: SLM Solutions Group AG - Overview
    • Exhibit 165: SLM Solutions Group AG - Business segments
    • Exhibit 166: SLM Solutions Group AG - Key offerings
    • Exhibit 167: SLM Solutions Group AG - Segment focus
  • 12.16 Stratasys Ltd. 
    • Exhibit 168: Stratasys Ltd. - Overview
    • Exhibit 169: Stratasys Ltd. - Product / Service
    • Exhibit 170: Stratasys Ltd. - Key news
    • Exhibit 171: Stratasys Ltd. - Key offerings
  • 12.17 TRUMPF SE Co. KG 
    • Exhibit 172: TRUMPF SE Co. KG - Overview
    • Exhibit 173: TRUMPF SE Co. KG - Business segments
    • Exhibit 174: TRUMPF SE Co. KG - Key offerings
    • Exhibit 175: TRUMPF SE Co. KG - Segment focus

13 Appendix

  • 13.1 Scope of the report 
  • 13.2 Inclusions and exclusions checklist
    • Exhibit 176: Inclusions checklist
    • Exhibit 177: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 178: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 179: Research methodology
    • Exhibit 180: Validation techniques employed for market sizing
    • Exhibit 181: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 182: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/metal-additive-manufacturing-market-size-to-grow-by-usd-7-574-3-million-from-2022-to-2027--north-america-to-account-for-43-of-the-market-growth--technavio-301836528.html

SOURCE Technavio