Authored By: Sarah
10 Sep 2023

Metal Additive Manufacturing Market: North America to Dominate the Market Growth

Geographical Analysis and Market Highlights 2021-2025

The metal additive manufacturing market size is set to post an incremental growth of USD 7.19 billion, accelerating at a CAGR of over 21.94% during 2020-2025. The increase in demand for metal additive manufacturing for the production of automobile components used in formula-one and supercars are expected to drive the metal additive manufacturing market growth during the forecast period.

Technavio's report on the metal additive manufacturing market analysis investigates the key markets and the factors that are likely to boost growth along with challenges that need to be surpassed to promote success in the market. The report also provides an analysis of key segments and offers competitive benchmarking of the key market players and their product portfolios. View the Sample Analysis Report 

Metal Additive Manufacturing Market: North America to lead market growth during the forecast period

  • 39% of the market growth will originate from North America during the forecast period. Factors such as the demand from the aerospace and healthcare industries and a rise in the demand for dental and implants in the healthcare industry will further drive the metal additive manufacturing market share.
  • One of the key drivers that are likely to drive market growth is the increased preference for additive manufacturing. The metal additive manufacturing market report also provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market.  
  • The market is segmented by Application (aerospace, healthcare, tools and mold, automobile, and others) and Geography (North America, Europe, APAC, South America, and MEA).

Metal Additive Manufacturing Market: North America to Dominate the Market Growth

Metal Additive Manufacturing Market: Vendor Landscape

The market is fragmented and the growth of the players in this market is dependent on several factors such as prevailing market conditions, government support, and industry development. Some of the leading vendors in this market are 3D Systems Corp., EOS GmbH Electro Optical Systems, General Electric Co., Materialise NV, Norsk Titanium AS, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., The ExOne Co., and TRUMPF GmbH + Co. KG. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the growth of the market.  

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 21.94%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 7.19 billion.

     
  3. What is a key factor driving this market?
    Increased preference for additive manufacturing will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    39% growth will originate from North America.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 3D Systems Corp., EOS GmbH Electro Optical Systems, General Electric Co., Materialise NV, Norsk Titanium AS, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., The ExOne Co., and TRUMPF GmbH + Co. KG

     
  7. What are the market segments covered in this report?
    The market is segmented by Application (aerospace, healthcare, tools and mold, automobile, and others) and Geography (North America, Europe, APAC, South America, and MEA).
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