Newly released market study offers in-depth unit/volume and revenue sales analyses and forecasts for hardware, materials and services, with additional focuses on vertical segments and geographic distribution.
London, UK, December 4th, 2023: VoxelMatters, a leading market analysis company specializing in tracking the global additive manufacturing (AM) industry, is releasing its new comprehensive study on the metal additive manufacturing market. The “Metal AM Market 2023”, which collects and presents information on sales and business activities from all relevant companies in this segment, found that the core metal AM market generated $2.85 billion (USD) in 2022, growing 26% year-on-year.
The study, based on VoxelMatters’ updated database of metal AM companies (hardware, materials, and services), provides analyses and forecasts of the global metal AM market.
Access the report at this link: https://bit.ly/VoxelMattersMetalAMReport
Key findings from the report:
The new study highlights that the metal AM market is still mainly driven by technology, with hardware being the largest segment. In 2022, hardware generated nearly $1.5 billion (+30% YoY), representing over 50% of the total metal AM market. It is important to note that metal AM Services are just one of the verticals that utilize metal AM technologies.
Among the other end-user verticals, Aerospace has the highest combined revenues from metal AM hardware, materials, and services. While Aerospace is an early adopter of metal AM, the Industrial parts segment is quickly catching up, followed by the Medical and Automotive segments.
In terms of geographic distribution, the EMEA region currently leads the core metal AM segment, with Germany being at the forefront as the birthplace of L-PBF technology. Italy, the UK, and France are also key markets, along with emerging local markets like Spain, BeNeLux, the Nordic region, and the Middle East. The US additive manufacturing market is the largest national market worldwide in terms of metal AM revenues generated by US-based companies, while the APAC market is experiencing rapid growth, driven by Chinese (metal L-PBF) and Japanese (metal L-DED) AM hardware companies.
For the first time, this report provides a more comprehensive analysis of technologies and materials beyond powder-based processes (PBF, metal binder jetting, and powder-based DED). Each chapter includes a detailed qualitative and quantitative study and forecast of wired-based processes (WAAM,
EBAM, wire-based L-DED), bound metal-based processes (extrusion, stereolithography, and SLS), and consolidation processes (friction-stir welding, cold spray, and ultrasound).
About the report:
The new 300-page report consists of six chapters: overview, hardware, materials, services, vertical, and geography. It includes over 170 charts and data tables, analyzing and forecasting all metal technologies and materials used in additive manufacturing. The focus is on producing prototypes, tools, and end-use parts across key industrial segments, including aerospace, automotive, medical, dental, energy, and consumer products.
By utilizing VoxelMatters Directory, the largest global directory of verified AM companies with nearly 7,000 companies, our research team has identified 444 companies (387 unique) that extensively operate in the core metal AM sector and its key segments. Among these are 132 hardware manufacturers, 73 material suppliers, and 239 service providers. This market study is based on an underlying dataset of over 56,000 data points, providing one of the most accurate snapshots of the current global metal AM market.
The report covers leading and emerging companies, such as 3D Systems, ATI Specialty Materials, Bright Laser Technologies, Carpenter Additive, Desktop Metal, ExOne, DMG MORI, EOS, Falcontech, FIT, GE Additive, HBD, Höganäs, Linde (Praxair), Oerlikon, Quickparts, Sandvik, Sintavia, SLM Solutions, Stratasys Direct, Toolcraft, TRUMPF, Velo3D, and many others.
In addition to supporting the market analysis and development efforts of current suppliers, the report is targeted towards companies aiming to enter the market and capitalize on emerging opportunities. OEMs looking to implement AM for metal part production will benefit from this study by understanding the available technologies, materials, and services, as well as the benefits and challenges of each. Lastly, this document serves as a guide for investors seeking the next disruptive production technologies.
Those who purchased the previous edition in 2021 can contact us for a special discount.
About VoxelMatters:
VoxelMatters (formerly 3dpbm) is a leading market research and media company specializing in the additive manufacturing industry. We provide in-depth analysis, insights, and strategic consulting services to help stakeholders and adopters capitalize on the latest trends and opportunities in the market. Alongside research services, we offer content and marketing solutions to effectively communicate our clients’ products to an engaged audience.
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