Metal Additive Manufacturing Market Size Share Insights 2023

HYDERABAD, India - Jan. 11, 2023 - PRLog -- Metal Additive Manufacturing Market Overview:

According to the recent stud, the global "Metal Additive Manufacturing Market" is expected to grow at a CAGR of 18.1% during the forecast period 2022-2029.

Drivers:

Metal additive manufacturing has several advantages over traditional component or object production processes. Metal additive manufacturing, on the other hand, does not replace traditional techniques of manufacture, which are very successful in mass production. Metal additive manufacturing is ideal for producing bespoke items, products with fine features, complicated products, and, most importantly, functional metal prototypes. Furthermore, its numerous benefits, including as lower waste generation, faster production, and the restoration of legacy components, are likely to positively affect the growth of the metal additive manufacturing market

Market Opportunities:

Metal additive manufacturing is used in the electronics sector to create small bespoke parts and customized circuit boards. Furthermore, the rise in industrialization and improvements in 3D metal printing technology, which have made it more accessible, are expected to present profitable growth possibilities for the metal additive manufacturing market throughout the projection period.

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Market Segmentation:

The Metal Additive Manufacturing market is segmented into type, component, end user, and region

By Type:

• Powder Bed Fusion
• Binder Jetting
• Direct Energy Deposition
• Bound Powder Extrusion
• Others

By Component:

• Systems
• Materials
• Service and parts

By End User Industry:

• Aerospace
• Automotive
• Healthcare
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Competitive Analysis:

The global Metal Additive Manufacturing market had a prominent companies include

• BeAM Machines
• DMG Mori
• EOS GmbH
• Farsoon Technologies
• GE Additive
• Renishaw
• Sisma
• SLM solutions
• Trumpf
• Xian Bright Laser Technologies Co., Ltd

Regional Analysis:

North America owned the greatest position of the metal additive manufacturing market, accounting for the highest revenue share, while Asia-Pacific is expected to develop at the fastest CAGR during the projected period. Increased investment in industry industries such as automotive, electronics, and healthcare is to blame.

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