Latest News- Metal Material Based 3D Printing Market: Iron-based is expected to lead the Type segment during 2025-2029

The Metal Material Based 3D Printing Market is being driven by Rise in adoption of customized and personalized metal products

The Metal Material Based 3D Printing Market is expected to grow at a CAGR of 27.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3095.5 billion. The metal material based 3D printing market has experienced significant growth due to advancements in additive manufacturing technologies. Notably, laser-based metal 3D printing methods, including Laser Powder Bed Fusion (LPBF) and Directed Energy Deposition (DED), have undergone substantial enhancements. LPBF employs a high-powered laser to melt and fuse metal powder layers, producing intricate and precise parts with superior surface finish. DED technology involves depositing metal wire or powder into a melt pool created by a laser or electron beam, allowing for the fabrication of complex structures layer by layer. These advancements have broadened the scope and applications of metal additive manufacturing, fueling its rapid adoption in various industries. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Iron-based
  • Titanium
  • Nickel
  • Aluminum
• End-user
  • Healthcare
  • Automotive
  • Aerospace and defense
  • Tool and mold making
  • Others
• Technology
  • PBF
  • DED
  • Binder jetting
  • Metal extrusion
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in adoption of customized and personalized metal products
• Growing demand for lightweight and complex aerospace components
• Reduction in waste generation during production

However, the market also witnesses some limitations, which are as follows:

• High initial investment costs
• Limitation of printer size
• Lack of skilled labor operating metal material-based 3D printing

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Market Scope in Metal Material Based 3D Printing Market Research Report

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Research Analysis Overview

The Metal Material Based 3D Printing Market is experiencing significant growth, particularly in the defense industry, due to its capabilities in mass customization. This technology offers reduced manufacturing costs, shorter lead times, and minimal waste generation compared to traditional methods. The 3D printing industry's focus on metal powders, specifically the powder segment and its various forms, is driving advancements in technologies like Powder Bed Fusion. The Titanium segment holds prominence in applications such as orthopedic implants (dental, hip, and knee replacements), fuel nozzles, critical engine components, and aircraft weight reduction. The automotive sector also benefits from this technology through rapid prototyping and advanced manufacturing for specific brackets and critical engineering applications. Heavy industry applications, including fuel consumption reduction and fabrication applications, further expand the market's potential. Metal 3D printers are becoming increasingly popular for their ability to produce complex components with high precision, leading to increased manufacturing expenditure.

Market Research Overview

In the defense industry and mass customization sectors, the Metal Material Based 3D Printing Market holds significant potential for cost savings and reduced lead times. This market segment is a subcategory of the larger 3D Printing Industry, which is poised for exponential growth. The defense industry's increasing demand for lightweight, complex components and mass customization in manufacturing can be efficiently addressed through Metal Material Based 3D Printing. This technology's ability to generate minimal waste and reduce manufacturing costs is a major draw for industries seeking to remain competitive in today's global market. According to Technavio, the global industrial machinery and supplies and components market, encompassing manufacturers of machinery and components for industries such as presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications, is projected to experience substantial growth due to rising industrial output in process and discrete industries, increasing demand for energy, chemicals, and petrochemicals, pulp and paper products, and processed food and beverages in developing countries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/