3D Printing Metal Market key players insight & growth driver analysis 2021 - 2028.

The global 3D printing metal market size was valued at USD 380.3 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 25.7% from 2021 to 2028. Rising investments in 3D printing companies are projected to support market growth over the coming years. For instance, Mantle Inc. has raised USD 25 million in funding for the installation of commercial 3D printing systems in 2022. Mantle, Inc. is a 3D component manufacturer and has already produced over 1 million parts for applications, such as medical devices, deodorant packaging, and dishwasher components. As per the company, its TrueShape 3D printing technology has improved leas times and achieved cost reductions by around 65% during production.

Gather more insights about the market drivers, restrains and growth of the Global 3D printing Metal market

3D printing technology also known as Additive Manufacturing (AM) is used to produce patient-suitable dental products, such as partial dentures, crowns, and bridges in the dental industry. Most of the time, the traditional method of manufacturing is not suitable for low-volume manufacturing as the equipment varies in size, which is now addressed by AM technology, and this is expected to drive the market growth in the U.S.

Manufacturers generally adopt AM to produce scalpel handles, clamps, forceps, hemostats, and prosthetic limbs. Several companies are adopting AM processes for healthcare applications. For instance, 3D Systems Healthcare is expected to collaborate with the medical industry to drive the growth of additive manufacturing in the medical & dental industry.

The shift from rapid prototyping to production using 3D printing is projected to offer new opportunities for market players. As per the recent survey of 3D hubs, over 50% of companies revealed the use of 3D printing for the manufacturing of functional end-use parts. Industries, such as automotive, transportation, and biotechnology, have witnessed increasing usage of 3D printing in the recent past.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

Industrial Insulation Market - The global industrial insulation market size was estimated at USD 7.82 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of  5.0%. Increasing product demand for boosting process efficiency, condensation control, noise reduction, freeze protection, and reducing environmental pollution is expected to drive market growth during the forecast period.

Investment Casting Market - The global investment casting market size was valued at USD 15.83 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2022 to 2030. An increase in air passenger traffic is projected to assist in the production of new commercial aircraft creating a positive impact on the demand for investment cast products.

3D Printing Metal Market Segmentation

Grand View Research has segmented the global 3D printing metal market on the basis of form, product, application, and region:

3D Printing Metal Form Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

  • Powder
  • Filament

3D Printing Metal Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

  • Titanium
  • Nickel
  • Stainless Steel
  • Aluminum
  • Others

3D Printing Metal Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

  • Aerospace & Defense
  • Automotive
  • Medical & Dental
  • Others

3D Printing Metal Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

  • North America
  • Europe
  • Asia Pacic
  • Central & South America
  • Middle East & Africa

Market Share Insights

November 2016 - GE (NYSE: GE) has agreed to purchase controlling shares of Arcam AB of Sweden following the conclusion of the extended public tender offer which ended on November 10. Arcam shares tendered during the extended acceptance period – combined with Arcam shares acquired by GE – correspond to approximately 73.57% of the total outstanding shares for GE.

December 2021 - Sandvik has acquired US-based Dimensional Control Systems (DCS) – a leading global provider of dimensional quality management software and on-site engineering services. DCS’s offering will complement and enhance Sandvik’s existing portfolio within metrology. The company will be reported in the Industrial Metrology division, within business area Sandvik Manufacturing and Machining Solutions.

Key Companies profiled:

Some prominent players in the global 3D Printing Metal market include

  • Arcam AB
  • ExOne GmbH
  • Carpenter Technology Corporation
  • Renishaw PLC
  • Materialise NV
  • 3D Systems Corporation
  • Voxeljet AG
  • Sandvik AB
  • Hoganas AB
  • GKN PLC

Order a free sample PDF of the 3D Printing Metal Market Intelligence Study, published by Grand View Research.

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