01.11.23
MarketsandMarkets’ new report, "3D Printing Metals Market by Form (Powder, Filament), Technology (Pbf, Ded, Binder Jetting, Metal Extrusion), Metal Type (Titanium, Nickel, Stainless Steel, Aluminum), End-Use Industry (A&D, Automotive, Medical & Dental), Region - Global Forecast to 2027," predicts the size of the market to grow from USD $1,800.2 million in 2022 to USD $5,542.7 million by 2027, at a CAGR of 32.5% during the forecast period.
3D printing metal is being used in the aerospace & defense, automotive, medical & dental and other end-use industries. The growth of this market can be attributed to the increasing demand for 3D printed metals from aerospace & defense and automotive end-use industries.
The 3D printing metals market, which has been growing at a significant rate, has the potential to change the manufacturing and supply chain management. Metal 3D printing provides several advantages, such as mass customization and short production runs.
Unlike traditional manufacturing processes, metal 3D printing eliminates the tooling requirement. Although conventional manufacturing costs less per unit produced, it has high up-front costs for tooling, and the production is more expensive as compared to 3D printing for low-volume manufacturing. Metal 3D printing also helps in reducing the waste produced during the manufacturing process by building a part using a layer-on-layer process.
3D printing metal is being used in the aerospace & defense, automotive, medical & dental and other end-use industries. The growth of this market can be attributed to the increasing demand for 3D printed metals from aerospace & defense and automotive end-use industries.
The 3D printing metals market, which has been growing at a significant rate, has the potential to change the manufacturing and supply chain management. Metal 3D printing provides several advantages, such as mass customization and short production runs.
Unlike traditional manufacturing processes, metal 3D printing eliminates the tooling requirement. Although conventional manufacturing costs less per unit produced, it has high up-front costs for tooling, and the production is more expensive as compared to 3D printing for low-volume manufacturing. Metal 3D printing also helps in reducing the waste produced during the manufacturing process by building a part using a layer-on-layer process.