Global Metal Additive Manufacturing Market Size was $4427.26 Million in 2023

Global Metal Additive Manufacturing Market Overview

According to Global Market Monitor, the global metal additive manufacturing market size was $4427.26 million in 2023 with a CAGR of 14.67% from 2023 to 2029.

Metal Additive Manufacturing Market Status

After years of development, the metal additive manufacturing industry is entering a growth period from the initial period, showing an accelerated growth trend. It is expected that in the next few years, the global metal additive manufacturing industry will still be in a period of rapid growth, and the development potential is huge. With the continuous growth of global downstream demand for metal additive manufacturing, the production efficiency and product performance of global metal additive manufacturing enterprises are constantly improving.

Metal additive manufacturing is the most important branch of additive manufacturing technology. At present, the main space of metal additive manufacturing technology is the small batch production of personalized customized products, or the production of products that are very complex for traditional manufacturing technologies, such as functional integration parts, topology optimization shaped parts, etc.

Market Drivers and Limitations

The advancement of additive manufacturing technology has greatly expanded its application fields, and it has been widely used in industrial manufacturing, biomedical and cultural creativity, and other fields. With the maturity of technology, the reduction of cost, and the improvement of the industrial chain, the application in various fields will be comprehensively deepened. At the same time, personalized consumer demand is expected to build another broad market, and the market demand potential is huge. In the industrial-grade market, there are mainly several large foreign industrial-grade manufacturers (mainly entering China through agents) and several Chinese companies with strong technical strengths competing. Among them, foreign countries have certain advantages due to early research and development, mature technology, and high brand awareness. While most China domestic companies have college backgrounds or foreign-related work experience or technology introduction, they have advantages in local applications and prices.

Limitations	The development of special materials for additive manufacturing lags behind.
	Key core devices rely on imports
	The overall scale of the industry is small, and the breadth and depth of application need to be improved.
Drivers	The market demand potential is huge, and the industrial-grade market is in the blue ocean of competition.
	The domestic additive manufacturing market is developing well.
	State policies are highly supportive.

For more industry information, please refer to our latest released "2023 Global Metal Additive Manufacturing Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".