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Additive Manufacturing With Metal Powders Market Size

Report ID: GMI1783
Published Date: Mar 2022
Report Format: PDF

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Additive Manufacturing With Metal Powders Market Size

Global Additive Manufacturing with Metal Powders Market size was over USD 345 Million in 2021 and is estimated to grow at over 21% CAGR between 2022 and 2030 owing to the growing focus on technological advancements in the medical industry. Also, growing applications in the automotive and aerospace sectors should support the growth of the market.

additive manufacturing with metal powders market outlook

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Additive manufacturing comprises a family of different technologies that build up parts by adding materials layer by layer at a time on a digital 3D solid model. Additive manufacturing with metal powders has wide usage in the medical industry as it enables manufacturers to produce a variety of medical devices which have complex internal structures. Well-established medical sector across both developed and developing countries including the U.S., Canada, Germany, France, Italy, China, and India is supporting the growth of the market.

Strong application outlook in manufacturing production parts, functional prototyping, and thermal control system, should stimulate the additive manufacturing with metal powders market share. Rapid industrialization accompanied with increased usage of additive manufacturing in making of small custom parts and tool prototypes in the automotive sector should drive regional industry growth.

Additive Manufacturing with Metal Powders Market Report Attributes
Report Attribute	Details
Base Year:	2021
Additive Manufacturing with Metal Powders Market Size in 2021:	348.97 Million (USD)
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	21%
2030 Value Projection:	1825 Million (USD)
Historical Data for:	2017 to 2021
No. of Pages:	1,165
Tables, Charts & Figures:	12,165
Segments covered:	Manufacturing Technique, Material, and Application
Growth Drivers:	North America: Technological advancements in medicine industry Europe: Enhanced application scope in automotive and aerospace sector Asia Pacific: Government initiatives to enhance additive manufacturing technology MEA: Replacement of conventional technology in oil & gas exploration and production activities
Pitfalls & Challenges:	Technological limitation Intellectual property issues

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Technological advancement by various manufacturers may drive additive manufacturing with metal powders market in automotive sector on account of providing corrosion protection, lightweight, eco-friendly nature, and low VOCs.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Additive manufacturing with metal powders market is slated to surpass USD 1.8 billion by 2030 and is expected to expand at a CAGR of 21% from 2022 to 2030 driven by the surging inclination toward technological advancements across the medical sector.

The market revenue from powder bed manufacturing is projected to grow at a CAGR of 21.5% through 2030 considering the soaring product application in the aerospace and automotive industries.

North America additive manufacturing with metal powders market is anticipated to surpass USD 680.2 million until 2030 owing to the presence of numerous medical device manufacturers like Medtronic, 3M Company, Abbott, and others.

Major companies in the additive manufacturing with metal powders market comprise Arcam, 3D systems, Renishaw, EOS, Matsuura Machinery, Concept Laser, and others.