According to a market report by Lucintel, the future of the metal additive market looks promising with opportunities in the aerospace, healthcare, tools and mold, and automobile applications. The global metal additive market is expected to grow with a CAGR of 18% to 20% from 2023 to 2028. The major drivers for Metal Additive market are increasing advancement of metal additive manufacturing technologies, and increasing consumption of metal additives in consumer electronics.
In this market, selective laser melting (SLM), electron beam melting (EBM), powder bed fusion, sheet lamination, direct energy deposition, and binder jetting are the major segments by type. Lucintel forecasts that selective laser melting (SLM) will remain the largest segment over the forecast period due to its manufacturing technology that makes use of laser to fuse the powdered materials into various 3-dimensional objects, it is a good process which helps in creating high resolution and low volume parts, and is extensively used in prototyping and production applications.
Within this market, aerospace is expected to remain the highest growing segment due to aerospace companies incorporating additive manufacturing into their production strategies for flexibility in engineering and design, and is used to produce the components that can be useful for the aircraft or the spacecraft.
APAC will remain the fastest growing region due to rapid industrialization and growing demand from automotive industries across countries such as China, Japan, South Korea, and India.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand for wearable devices and mixed reality devices, rise in disposable income of the people, and rise in global trade. 3D Systems, EOS GmbH Electro Optical Systems, General Electric, Materialise NV, Norsk Titanium, Renishaw, SLM Solutions, Stratasys, The ExOne, and TRUMPF GmbH are the major suppliers in the global metal additive market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global metal additive market by type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Metal Additive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global metal additive market by type, application, and region, as follows:
Metal Additive Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Selective Laser Melting (SLM)
· Electron Beam Melting (EBM)
· Powder Bed Fusion
· Sheet Lamination
· Directed Energy Deposition
· Binder Jetting
Metal Additive Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Aerospace
· Healthcare
· Tools and Mold
· Automobile
· Others
Metal Additive Market by Region Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Metal Additive Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the metal additive market by type (selective laser melting (SLM), electron beam melting (EBM), powder bed fusion, sheet lamination, direct energy deposition, and binder jetting), application (aerospace, healthcare, tools and mold, automobile, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or Type substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?