3D Printing Metal Market Share

Rising acceptance in the aerospace and automotive industries to boost market growth

The growth of global demand for 3D printing metals is primarily due to their rising acceptance in the aerospace and automotive industries. This is because 3D printing metals offer several advantages over traditional manufacturing methods, particularly in the production of complex and lightweight components. In the aerospace industry, 3D printing metals are being used to produce parts with intricate geometries that would be difficult or impossible to manufacture using traditional methods. This includes parts for jet engines, such as turbine blades and fuel nozzles, which need to be able to withstand high temperatures and pressures.

Similarly, in the automotive industry, 3D printing metals are being used to produce lightweight components that can help to improve fuel efficiency and reduce emissions. This includes parts such as engine blocks, transmission components, and suspension parts. Overall, the use of 3D printing metals is expected to continue to grow as the technology improves and becomes more widely adopted across a range of industries. Therefore, such factors related to 3D Printing Metals have enhanced the 3D Printing Metals market CAGR across the globe in recent years.

January 2024: XJet, an Israeli 3D printer manufacturer, disclosed a collaboration with XOLUTIONS, a provider to the high-end fashion market. The two organizations wish to fulfill the growing demand for high-quality stainless steel fashion accessories by using additive manufacturing. The value of the jewelry market is anticipated to surpass USD 22 billion by 2030. With this collaboration, XOLUTIONS has acquired an XJet Carmel 1400M metal 3D printer. The 3D printer will be utilized to grow research and development into the use of metal 3D printing within the luxury sector, including for the production of jewelry.

XOLUTIONS provides electroplating capabilities for metal fashion accessories through its Bluclad S.p.A. subsidiary.

February 2024: HP Inc. announces its entry into the metal 3D printing market with the launch of its Metal Jet technology. This new system promises high-resolution printing and paves the way for HP to become a major player in the metal additive manufacturing space

The Global 3D Printing Metals Market Industry is poised for substantial growth, with projections indicating a rise from 3.09 USD Billion in 2024 to an impressive 60.2 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 31.0% from 2025 to 2035, highlighting the increasing adoption of 3D printing technologies across diverse sectors. The anticipated expansion is driven by factors such as technological advancements, rising demand for customization, and a growing emphasis on sustainability, which collectively contribute to the market's robust outlook.

The Global 3D Printing Metals Market Industry is experiencing a notable surge in demand for customized products across various sectors, including aerospace, automotive, and healthcare. This trend is driven by the ability of 3D printing to produce complex geometries and tailored solutions that traditional manufacturing methods struggle to achieve. For instance, aerospace companies are increasingly utilizing 3D printing to create lightweight components that enhance fuel efficiency. As a result, the market is projected to reach 3.09 USD Billion in 2024, reflecting the growing inclination towards personalized manufacturing solutions.

Sustainability is becoming a pivotal driver in the Global 3D Printing Metals Market Industry, as companies increasingly prioritize eco-friendly manufacturing practices. 3D printing offers significant material efficiency, reducing waste compared to traditional subtractive manufacturing methods. This aspect is particularly appealing to industries aiming to minimize their environmental footprint. Furthermore, the ability to recycle metal powders and use them in new prints aligns with global sustainability goals. As organizations adopt greener practices, the market is expected to grow, with projections indicating a remarkable increase to 60.2 USD Billion by 2035.

The aerospace and defense sectors are key contributors to the Global 3D Printing Metals Market Industry, driven by the need for lightweight, high-strength components. The ability to produce complex parts on-demand significantly reduces lead times and inventory costs. Companies in these sectors are increasingly investing in 3D printing technologies to enhance their production capabilities and maintain competitive advantages. As these industries continue to expand, the market is likely to witness robust growth, with a projected compound annual growth rate of 31.0% from 2025 to 2035, indicating a strong future trajectory.

Technological innovations are propelling the Global 3D Printing Metals Market Industry forward, with advancements in materials, software, and printing techniques enhancing production capabilities. Innovations such as metal powder bed fusion and binder jetting are enabling the creation of intricate designs with improved mechanical properties. These advancements not only increase the efficiency of the printing process but also expand the range of metals that can be utilized. The ongoing development of new alloys and composites is likely to further stimulate market growth, as industries seek to leverage these technologies for superior product performance.

Investment in research and development is a critical factor influencing the Global 3D Printing Metals Market Industry. Companies and governments are allocating substantial resources to explore new materials, improve printing technologies, and develop innovative applications. This focus on R&D is essential for overcoming existing limitations in 3D printing processes and expanding the range of feasible applications. As breakthroughs occur, they are expected to unlock new market opportunities and drive further adoption of 3D printing technologies across various industries.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the 3D Printing Metals market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the 3D Printing Metals industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for 3D Printing Metals. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the 3D Printing Metals industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global 3D Printing Metals industry to benefit customers and expand the market sector. Major 3D Printing Metals market players, including Voxeljet AG, Renishaw plc, 3D Systems, Inc, GKN Aerospace,  CRS Holdings Inc (Carpenter Technology Corporation), Triditive, Incus, Materialise, Concept Laser GmbH, Optomec, Inc. SLM Solutions, and others, are attempting to increase market demand by funding R&D initiatives.

Voxeljet AG is a German company that specializes in the production and sale of 3D printing systems and services. Voxeljet's primary focus is on the development and production of large-scale 3D printing systems for industrial applications, with a particular emphasis on the production of sand-casting molds and cores for automotive, aerospace, and other industries. The company also provides 3D printing services, including prototyping and production of parts for its customers. Voxeljet's 3D printing systems are based on binder jetting technology, which involves selectively depositing a binder material onto a bed of powder, layer by layer, to create a solid object.

The company's systems are capable of producing parts with a high degree of accuracy and detail, as well as large-scale objects up to several meters in size.

Renishaw is a UK-based global company that specializes in the production and sale of high-precision metrology and additive manufacturing (3D printing) systems. Renishaw's core business is in metrology, where it develops and produces precision measurement and control equipment used in industries such as aerospace, automotive, medical, and electronics. The company's products include coordinate measuring machines (CMMs), laser measurement systems, encoders, and calibration equipment. Renishaw's metrology products are used to measure and control critical dimensions and geometries in manufacturing processes, ensuring high quality and accuracy.

In addition to its metrology business, Renishaw has also developed advanced additive manufacturing (3D printing) technology, which it markets under the brand name "RenAM." The company's metal 3D printing systems use a powder bed fusion technique to produce high-quality, complex metal parts for a variety of industries, including aerospace, medical, and industrial automation. Renishaw's 3D printing systems are known for their high precision and reliability, and the company has developed a range of software solutions to support the design and production of parts. Renishaw also offers a range of metal powders for use in its 3D printing systems.