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. Metal material based 3D printing market has experienced exponential growth due to technological advancements in additive manufacturing techniques. Notably, laser-based metal 3D printing methods, including Laser Powder Bed Fusion (LPBF) and Directed Energy Deposition (DED), have undergone significant enhancements. LPBF utilizes a high-powered laser to melt and fuse layers of metal powder, producing intricate and precise metal components with superior surface finish. Conversely, DED technology deposits metal wire or powder into a melt pool created by a laser or electron beam, enabling the fabrication of complex structures layer by layer. These advancements have broadened the scope and applications of metal additive manufacturing, leading to its widespread 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 witnessing significant growth in the defense industry due to mass customization and reduced manufacturing costs. Shorter lead times, waste minimization, and the availability of various metal powders are key drivers. The Powder segment, particularly in Powder Bed Fusion technology, dominates with Titanium being a major focus for orthopedic implants, dental implants, and artificial joint replacements. The Aerospace & Defense industry leverages 3D printing for critical engine components, fuel nozzles, and weight reduction in aircraft. Advanced manufacturing applications include specific brackets for satellites and critical engineering components. Rapid prototyping and heavy industry applications also benefit from Metal 3D printers, offering manufacturing expenditure savings, high accuracy, and reduced automotive sector reliance on traditional manufacturing methods.

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 due to its ability to produce complex components with minimal waste. 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, and metal fabrications, is projected to expand due to increasing industrial output in process and discrete industries. Developing countries' growing demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages will fuel this expansion. Key benefits of Metal Material Based 3D Printing for the defense industry include customization, reduced manufacturing costs, and shorter lead times. This technology's minimal waste generation is also a significant advantage for industries aiming to increase efficiency and decrease environmental impact.. 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
Email: media@technavio.com
Website: www.technavio.com/