The global 3d-printed metal parts market size was valued at US$ 10.2 billion in 2024, and is projected to reach US$ 36.7 billion by 2031, witnessing a market growth CAGR of 19.3% from 2024 to 2031, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global 3d-printed metal parts market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Market Statistics:
Market Size in 2024: US$ 10.2 billion
Market Size in 2031: US$ 36.7 billion
Growth (CAGR): 19.3% during 2024-2031
Leading Metal Type: Titanium alloy
Leading Manufacturing Process Type: Power bed fusion
Leading End-Use Industry Type: aerospace & defense
Leading Region: North America
Forecast Period: 2024-2031
Trend Period: 2019-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights & Market Share Analysis of the 3D-Printed Metal Parts Market:
The global 3d-printed metal parts market is segmented based on metal type, manufacturing process type, end-use industry type and region.
Based on Metal-type –
- The market is segmented into steel, nickel alloys, titanium alloys, aluminum alloys, cobalt alloys, and other metals. Titanium alloys are mainly used owing to their lightweight, low thermal conductivity, high mechanical strength, and lower by-weight-to-fly ratio and are preferred for the aerospace industry.
- Key applications of titanium alloy 3D-printed metal parts for aerospace include airframes, wing structures, compressor blades, rotors, brackets, and other turbine engine components.
- Aluminum alloys, under the spotlight, are expected to record the second-highest growth during 2024-2031. Key aircraft OEMs, Boeing, and Airbus are using aluminum alloys for developing 3D-printed parts in their communication satellites, aircraft, and helicopters.
- Cobalt is one of the preferred metals for 3D-printed dental parts (bridges, dentures, and crowns) due to its good corrosion resistance, biocompatible, non-magnetic properties, and excellent mechanical properties.
Based on the Manufacturing Process-type -
- The market is segmented into powder bed fusion, blown powder, and other manufacturing processes. Key advantages of the powder bed fusion process are reduced material wastage, improved production development time, efficient recycling of unmelted powder, and good resolution compared to other processes. The process type is used to produce lightweight components for aviation and racing cars, as well as medical implants.
- Blown powder is likely to gain traction in the market during the forecasted period. It supports a wide range of metals for manufacturing parts, such as titanium alloys, aluminum alloys, stainless steel, Inconel 718, 625, and niobium.
- Binder jetting is preferred for applications that require good aesthetics and form, such as architectural models, packaging, toys, and figurines.
Based on the End-Use Industry-type –
- The market is segmented into aerospace & defense, medical, automotive, energy, and other end-use industries. For the aerospace & defense industry, 3D printing technology produces lightweight parts with fewer internal defects and reduces fuel consumption and material costs. For instance, GE Aviation produces fuel nozzle tips for the LEAP engine and achieved a weight reduction of 25%.
- Medical is likely to remain the second-largest market till 2031. Medical implants from biocompatible materials (such as titanium and cobalt) are one of the dominant applications of metal 3D printing.
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
“North America is likely to maintain its leadership in the market, while Asia-Pacific is expected to be the fastest-growing region by 2031."
- The USA is the dominant market for aerospace 3D printing, driven by the higher adoption rate of 3D printing technology. Presence of key players: GKN Powder Metallurgy, GE Aerospace, Carpenter Technology Corporation, Oerlikon, and ATI.
- Europe is likely to maintain its second-leading position till 2031. Medical (making dental parts is extremely popular) is one of the major industries to adopt 3D printing technology in the region. Presence of key players: Liebherr-International AG, TRUMPF, MTU Aero Engines AG, and Sandvik AB.
- Asia-Pacific is likely to be the fastest-growing market during the forecast period. China is the dominant 3D printing market in the region, driven by the “Additive Manufacturing Industry Development Action Plan” by the Chinese government.
3D-Printed Metal Parts Market Drivers:
Some of the key drivers listed in the report are given below.
- The 3D-printed metal parts market is driven by the rising demand for lightweight components in the aerospace and automotive industries, advancements in metal additive manufacturing technologies, and the growing need for customization and complex part designs.
- It also benefits from reduced material waste, increased adoption in aerospace, defense, medical, and dental applications, and significant investments in R&D.
- The market is further propelled by the demand for shorter lead times, on-demand production, a wider range of printable metal materials, and the gradual decline in the cost of 3D metal printers and raw materials.
Competitive Landscape: Top Companies in the 3D-Printed Metal Parts Market:
The market is highly fragmented, with the presence of fewer than 100 global and regional players. Some of the major players also manufacture 3D printing metal powder. Leading players hold excellent market positions with a vast product portfolio, a wide distribution network, and years of track record. One of the major OEMs also manufactures 3D-printed metal parts. In 2022, Boeing officially inaugurated Boeing Additive Manufacturing (BAM), its new 3D printing facility in Auburn, Washington.
The following are the key players in the 3D-printed metal parts market.
Here is the list of the Top Players (Based on Dominance)
- GKN Powder Metallurgy (A Melrose Plc Company)
- GE Aerospace
- Stryker
- MTU Aero Engines AG
- Sandvik AB
- Oerlikon
Note: The above list does not necessarily include all the top players in the market.
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
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