The Metal AM Market Generated US$2.85B, Up 26% YoY

By on December 6th, 2023 in news, research

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[Source: VoxelMatters]

The findings in the latest Metal AM Market 2023 report from VoxelMatters Research.

VoxelMatters Research, VoxelMatters’ market analysis branch, 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” report, which collects and presents information on sales and business activities from all relevant companies in this segment, found that the Metal AM market generated $2.85 billion (USD) and gre by 26% YoY.

The study is based on VoxelMatters’ updated database of metal AM companies (hardware, materials, and services) and provides analyses and forecasts of the global metal AM market. Access the report at this link.

Findings from the Metal AM Market 2023 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.

[Source: VoxelMatters]

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 Metal AM Market 2023 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.

Read the rest of this story at VoxelMatters

By VoxelMatters

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