Metal 3D Printing Market (By Component: Hardware, Software, Services; By Technology; By Software; By Application; By Printer Type; By Vertical) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global metal 3D printing market size was estimated at around USD 6.38 billion in 2022 and it is projected to hit around USD 55.86 billion by 2032, growing at a CAGR of 24.23% from 2023 to 2032.

Metal 3D Printing Market Size 2023 to 2032

Key Pointers

  • Selective Laser Melting (SLM) technology led the market and accounted for a 23.79% share of the global revenue in 2022. Although the advantages and ease of operations associated with the SLM technology are encouraging the adoption of this technology, advances in technology and aggressive research and development activities undertaken by industry experts and researchers are opening opportunities for several other efficient and reliable technologies.
  • EBM also accounted for a considerable revenue share in 2022, owing to the extensive adoption of the technology across various metal 3DP processes. 
  • Design software led the market and accounted for a 36.73% share of the global revenue in 2022.
  • The scanners software segment is expected to witness rapid growth and generate considerable revenues over the forecast period in line with the growing adoption of scanners. The market size of the segment is projected to grow at the highest CAGR of 23.35% from 2023 to 2032.
  • The prototyping segment led the market and accounted for a 54.96% share of the global revenue in 2022 to extensive adoption of the prototyping process across several industry verticals.
  • The prototyping segment led the market and accounted for a 54.93% share of the global revenue in 2022 to extensive adoption of the prototyping process across several industry verticals. Prototyping allows manufacturers to achieve higher accuracy and develop reliable end products. Hence, the prototyping segment is expected to continue dominating the market over the forecast period.
  • The hardware segment led the market and accounted for a 64.05% share of the global revenue in 2022. The hardware segment is anticipated to maintain its lead over the forecast period.
  • The services segment is expected to expand at a significant CAGR of 26.24% from 2023 to 2032. 
  • The industrial printer type led the market and accounted for 76.36% share of the market revenue in 2022. The major factor contributing to growth has been the ability of industrial metal 3D printers to produce parts with complex geometries and structures that would be difficult to create.
  • The desktop printer type is expected to grow at the fastest CAGR of 24.31% over the forecast period. One of the key factors driving this growth is the increasing accessibility of desktop 3D printers to consumers and small businesses.
  • The dental segment accounted for the largest revenue share of 22.87% in 2022. 
  • The fashion and jewelry segment is expected to expand at the fastest CAGR of 25.37% from 2023 to 2032.
  • The automotive segment led the market and accounted for more than 23.96% share of the global revenue in 2022.
  • The healthcare segment is expected to expand at a significant CAGR of 24.55% from 2023 to 2032.
  • North America dominated with a revenue share of 34.37% in 2022 owing to the extensive adoption of additive manufacturing in the region.
  • Europe happens to be the largest region in terms of its geographical footprint. It is home to several additive manufacturing industry players, which hold strong technical expertise in additive manufacturing processes. Hence, the European regional market happens to be the second largest.
  • Asia Pacific is projected to witness remarkable growth, expanding at the highest CAGR over the forecast period. This rapid adoption of metal 3D printing can be attributed to the developments and upgrades across the manufacturing industry within the region.

Report Scope of the Metal 3D Printing Market

Report Coverage Details
Market Size in 2022 USD 6.38 billion
Revenue Forecast by 2032 USD 55.86 billion
Growth rate from 2023 to 2032 CAGR of 24.23%
Base Year 2022
Forecast Period 2023 to 2032
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Regions Covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered 3D Systems, Inc.; Arcam AB; Autodesk Inc.; EOS (Electro Optical Systems) GmbH; ExOne; GE Additive; Materialise NV; Matsuura Machinery USA Inc.; Optomec, Inc.; Renishaw plc.; SLM Solutions

 

Metal 3D printing is one such market that has benefitted significantly from the growing necessity of rapid prototyping and advanced manufacturing practices. The industry is poised to witness unprecedented growth over the forecast period owing to the rising application of additive manufacturing in various industry verticals. The global market is increasingly advancing towards consolidation to stay ahead of the competition. A substantial growth factor for this market is increasing innovation, which is leading to several benefits through the adoption of metal 3D printing across heavy industry applications.

Increasing adoption of metal 3D printers for designing and prototyping products and objects coupled with the reduced manufacturing expenditure and accuracy in the end-product is a key growth proliferating factor. The market is poised to witness high demand arising prominently from the healthcare, automotive, and aerospace & defense sectors. The growing advancements in the healthcare sector to curb physical disabilities and ensure healthy living are influencing the sector to flourish and adopt new innovative methodologies, such as 3D printing.

Additionally, the automotive and aerospace sectors, where prototyping and designing play a vital role in research & development to achieve perfection in their production are leading towards greater opportunities and increasing adoption of the 3D printing process.

However, the prevailing misconceptions concerning the prototyping processes held by small and medium-scale manufacturers are hindering the adoption of additive manufacturing. Companies involved in designing, particularly small-scale and medium-scale enterprises are deliberating before considering investments in prototyping as accountable investments rather than trying to understand the advantages and benefits of prototyping.

The general notion prevailing among these enterprises is that prototyping is merely an expensive phase before manufacturing. Such perceptions regarding prototyping, coupled with the lack of technical knowledge and a looming lack of standard process controls, are expected to hinder the market’s growth.

The outbreak of the COVID-19 pandemic has significantly impacted the overall global economy and, subsequently, the 3D printing industry. Initially, Europe and Asia Pacific were one of the worst affected regions in terms of the number of COVID-19 patients across the globe. Further, the situation worsened in the U.S. as well. Due to the rapid spread of the virus, the governments issued an order for the complete lockdown of some key cities.

The complete lockdown affected the production of 3D printing manufacturers. This is attributed to the labor shortage and the complete disruption of logistics and supply chains in the country. The halt in the production of 3D printing adversely impacted the overall market growth in the first and second quarters of 2020.

Metal 3D Printing Market Segmentations:

By Component 

  • Hardware
  • Software
  • Services

By Technology

  • Selective Laser Sintering
  • Direct Metal Laser Sintering
  • Inkjet printing
  • Electron Beam Melting
  • Laser Metal Deposition
  • Laminated Object Manufacturing
  • Electron beam freeform fabrication
  • Selective Laser Melting

By Software

  • Design Software
  • Inspection Software
  • Printer Software
  • Scanning Software

By Application

  • Prototyping
  • Tooling
  • Functional Parts

By Printer Type

  • Desktop Metal 3D Printer
  • Industrial Metal 3D Printer

By Vertical

  • Desktop Vertical
    • Education
    • Fashion & Jewelry
    • Objects
    • Dental
    • Food
    • Others
  • Industrial Vertical
    • Automotive
    • Aerospace & Defense
    • Healthcare
    • Consumer Electronics
    • Power & Energy
    • Others

Frequently Asked Questions

The global metal 3D printing market size was reached at USD 6.38 billion in 2022 and it is projected to hit around USD 55.86 billion by 2032.

The global metal 3D printing market is growing at a compound annual growth rate (CAGR) of 24.23% from 2023 to 2032.

The North America region has accounted for the largest metal 3D printing market share in 2022.

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Vertical Procurement Analysis 

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Metal 3D Printing Market 

5.1. COVID-19 Landscape: Metal 3D Printing Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Metal 3D Printing Market, By Component

8.1. Metal 3D Printing Market, by Component, 2023-2032

8.1.1. Hardware

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Software

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Services

8.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Metal 3D Printing Market, By Technology

9.1. Metal 3D Printing Market, by Technology, 2023-2032

9.1.1. Selective Laser Sintering

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Direct Metal Laser Sintering

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. Inkjet printing

9.1.3.1. Market Revenue and Forecast (2020-2032)

9.1.4. Electron Beam Melting

9.1.4.1. Market Revenue and Forecast (2020-2032)

9.1.5. Laser Metal Deposition

9.1.5.1. Market Revenue and Forecast (2020-2032)

9.1.6. Laminated Object Manufacturing

9.1.6.1. Market Revenue and Forecast (2020-2032)

9.1.7. Electron beam freeform fabrication

9.1.7.1. Market Revenue and Forecast (2020-2032)

9.1.8. Selective Laser Melting

9.1.8.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Metal 3D Printing Market, By Software

10.1. Metal 3D Printing Market, by Software, 2023-2032

10.1.1. Design Software

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Inspection Software

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Printer Software

10.1.3.1. Market Revenue and Forecast (2020-2032)

10.1.4. Scanning Software

10.1.4.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Metal 3D Printing Market, By Application

11.1. Metal 3D Printing Market, by Application, 2023-2032

11.1.1. Prototyping

11.1.1.1. Market Revenue and Forecast (2020-2032)

11.1.2. Tooling

11.1.2.1. Market Revenue and Forecast (2020-2032)

11.1.3. Functional Parts

11.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 12. Global Metal 3D Printing Market, By Printer Type

12.1. Metal 3D Printing Market, by Printer Type, 2023-2032

12.1.1. Desktop Metal 3D Printer

12.1.1.1. Market Revenue and Forecast (2020-2032)

12.1.2. Industrial Metal 3D Printer

12.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 13. Global Metal 3D Printing Market, By Vertical

13.1. Metal 3D Printing Market, by Vertical, 2023-2032

13.1.1. Desktop Vertical

13.1.1.1. Market Revenue and Forecast (2020-2032)

13.1.2. Industrial Vertical

13.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 14. Global Metal 3D Printing Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Component (2020-2032)

14.1.2. Market Revenue and Forecast, by Technology (2020-2032)

14.1.3. Market Revenue and Forecast, by Software (2020-2032)

14.1.4. Market Revenue and Forecast, by Application (2020-2032)

14.1.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.1.6. Market Revenue and Forecast, by Vertical (2020-2032)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Component (2020-2032)

14.1.7.2. Market Revenue and Forecast, by Technology (2020-2032)

14.1.7.3. Market Revenue and Forecast, by Software (2020-2032)

14.1.7.4. Market Revenue and Forecast, by Application (2020-2032)

14.1.8. Market Revenue and Forecast, by Printer Type (2020-2032)

14.1.8.1. Market Revenue and Forecast, by Vertical (2020-2032) 

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Component (2020-2032)

14.1.9.2. Market Revenue and Forecast, by Technology (2020-2032)

14.1.9.3. Market Revenue and Forecast, by Software (2020-2032)

14.1.9.4. Market Revenue and Forecast, by Application (2020-2032)

14.1.10. Market Revenue and Forecast, by Printer Type (2020-2032)

14.1.11. Market Revenue and Forecast, by Vertical (2020-2032)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.2. Market Revenue and Forecast, by Technology (2020-2032)

14.2.3. Market Revenue and Forecast, by Software (2020-2032)

14.2.4. Market Revenue and Forecast, by Application (2020-2032) 

14.2.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.2.6. Market Revenue and Forecast, by Vertical (2020-2032)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.8.2. Market Revenue and Forecast, by Technology (2020-2032)

14.2.8.3. Market Revenue and Forecast, by Software (2020-2032)

14.2.9. Market Revenue and Forecast, by Application (2020-2032) 

14.2.10. Market Revenue and Forecast, by Printer Type (2020-2032)

14.2.10.1. Market Revenue and Forecast, by Vertical (2020-2032) 

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.11.2. Market Revenue and Forecast, by Technology (2020-2032)

14.2.11.3. Market Revenue and Forecast, by Software (2020-2032)

14.2.12. Market Revenue and Forecast, by Application (2020-2032)

14.2.13. Market Revenue and Forecast, by Printer Type (2020-2032)

14.2.14. Market Revenue and Forecast, by Vertical (2020-2032)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.15.2. Market Revenue and Forecast, by Technology (2020-2032)

14.2.15.3. Market Revenue and Forecast, by Software (2020-2032)

14.2.15.4. Market Revenue and Forecast, by Application (2020-2032)

14.2.16. Market Revenue and Forecast, by Printer Type (2020-2032)

14.2.16.1. Market Revenue and Forecast, by Vertical (2020-2032)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Component (2020-2032)

14.2.17.2. Market Revenue and Forecast, by Technology (2020-2032)

14.2.17.3. Market Revenue and Forecast, by Software (2020-2032)

14.2.17.4. Market Revenue and Forecast, by Application (2020-2032)

14.2.18. Market Revenue and Forecast, by Printer Type (2020-2032)

14.2.18.1. Market Revenue and Forecast, by Vertical (2020-2032)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.2. Market Revenue and Forecast, by Technology (2020-2032)

14.3.3. Market Revenue and Forecast, by Software (2020-2032)

14.3.4. Market Revenue and Forecast, by Application (2020-2032)

14.3.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.3.6. Market Revenue and Forecast, by Vertical (2020-2032)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.7.2. Market Revenue and Forecast, by Technology (2020-2032)

14.3.7.3. Market Revenue and Forecast, by Software (2020-2032)

14.3.7.4. Market Revenue and Forecast, by Application (2020-2032)

14.3.8. Market Revenue and Forecast, by Printer Type (2020-2032)

14.3.9. Market Revenue and Forecast, by Vertical (2020-2032)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.10.2. Market Revenue and Forecast, by Technology (2020-2032)

14.3.10.3. Market Revenue and Forecast, by Software (2020-2032)

14.3.10.4. Market Revenue and Forecast, by Application (2020-2032)

14.3.11. Market Revenue and Forecast, by Printer Type (2020-2032)

14.3.11.1. Market Revenue and Forecast, by Vertical (2020-2032)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.12.2. Market Revenue and Forecast, by Technology (2020-2032)

14.3.12.3. Market Revenue and Forecast, by Software (2020-2032)

14.3.12.4. Market Revenue and Forecast, by Application (2020-2032)

14.3.12.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.3.12.6. Market Revenue and Forecast, by Vertical (2020-2032)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Component (2020-2032)

14.3.13.2. Market Revenue and Forecast, by Technology (2020-2032)

14.3.13.3. Market Revenue and Forecast, by Software (2020-2032)

14.3.13.4. Market Revenue and Forecast, by Application (2020-2032)

14.3.13.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.3.13.6. Market Revenue and Forecast, by Vertical (2020-2032)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.2. Market Revenue and Forecast, by Technology (2020-2032)

14.4.3. Market Revenue and Forecast, by Software (2020-2032)

14.4.4. Market Revenue and Forecast, by Application (2020-2032)

14.4.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.4.6. Market Revenue and Forecast, by Vertical (2020-2032)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.7.2. Market Revenue and Forecast, by Technology (2020-2032)

14.4.7.3. Market Revenue and Forecast, by Software (2020-2032)

14.4.7.4. Market Revenue and Forecast, by Application (2020-2032)

14.4.8. Market Revenue and Forecast, by Printer Type (2020-2032)

14.4.9. Market Revenue and Forecast, by Vertical (2020-2032)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.10.2. Market Revenue and Forecast, by Technology (2020-2032)

14.4.10.3. Market Revenue and Forecast, by Software (2020-2032)

14.4.10.4. Market Revenue and Forecast, by Application (2020-2032)

14.4.11. Market Revenue and Forecast, by Printer Type (2020-2032)

14.4.12. Market Revenue and Forecast, by Vertical (2020-2032)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.13.2. Market Revenue and Forecast, by Technology (2020-2032)

14.4.13.3. Market Revenue and Forecast, by Software (2020-2032)

14.4.13.4. Market Revenue and Forecast, by Application (2020-2032)

14.4.13.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.4.13.6. Market Revenue and Forecast, by Vertical (2020-2032)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Component (2020-2032)

14.4.14.2. Market Revenue and Forecast, by Technology (2020-2032)

14.4.14.3. Market Revenue and Forecast, by Software (2020-2032)

14.4.14.4. Market Revenue and Forecast, by Application (2020-2032)

14.4.14.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.4.14.6. Market Revenue and Forecast, by Vertical (2020-2032)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Component (2020-2032)

14.5.2. Market Revenue and Forecast, by Technology (2020-2032)

14.5.3. Market Revenue and Forecast, by Software (2020-2032)

14.5.4. Market Revenue and Forecast, by Application (2020-2032)

14.5.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.5.6. Market Revenue and Forecast, by Vertical (2020-2032)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Component (2020-2032)

14.5.7.2. Market Revenue and Forecast, by Technology (2020-2032)

14.5.7.3. Market Revenue and Forecast, by Software (2020-2032)

14.5.7.4. Market Revenue and Forecast, by Application (2020-2032)

14.5.8. Market Revenue and Forecast, by Printer Type (2020-2032)

14.5.8.1. Market Revenue and Forecast, by Vertical (2020-2032)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Component (2020-2032)

14.5.9.2. Market Revenue and Forecast, by Technology (2020-2032)

14.5.9.3. Market Revenue and Forecast, by Software (2020-2032)

14.5.9.4. Market Revenue and Forecast, by Application (2020-2032)

14.5.9.5. Market Revenue and Forecast, by Printer Type (2020-2032)

14.5.9.6. Market Revenue and Forecast, by Vertical (2020-2032)

Chapter 15. Company Profiles

15.1. 3D Systems, Inc.

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. Arcam AB

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Autodesk Inc.

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. EOS (Electro Optical Systems) GmbH

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. ExOne

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. GE Additive

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Materialise NV

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Matsuura Machinery USA Inc.

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Optomec, Inc.

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. Renishaw plc.

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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