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Metal Additive Manufacturing Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR41666
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The metal additive manufacturing market share is expected to increase by USD 7.19 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 21.94%. This metal additive manufacturing market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The metal additive manufacturing market report also offers information on several market vendors, including 3D Systems Corp., EOS GmbH Electro Optical Systems, General Electric Co., Materialise NV, Norsk Titanium AS, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., The ExOne Co., and TRUMPF GmbH + Co. KG among others. Furthermore, this report extensively covers metal additive manufacturing market segmentation by application (aerospace, healthcare, tools and mold, automobile, and others) and geography (North America, Europe, APAC, South America, and MEA).

What will the Metal Additive Manufacturing Market Size be During the Forecast Period?

Metal Additive Manufacturing Market Size

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Metal Additive Manufacturing Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and after the post-COVID-19 era. The increased preference for additive manufacturing is notably driving the metal additive manufacturing market growth, although factors such as high production costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the metal additive manufacturing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Metal Additive Manufacturing Market Driver

The increasing preference for additive manufacturing is one of the key factors driving the growth of the global metal additive manufacturing market. The rise in demand for additive manufacturing for the production of complex engineering structures is expected to drive market growth. The high flexibility and low production cost of parts in additive manufacturing are expected to drive the demand for metal additive manufacturing. With fewer parts involved, less material wasted, and reduced assembly time for complex components, the production of components or parts directly from the CAD model does not need the support of tooling; this allows the additive manufacturing process to design and produce components of any geometry with low cost and minimum requirements. The increase in demand for flexible manufacturing processes, which require limited assembly lines, resulting in the limited wastage of materials, and the use of fewer parts for the production of complex components, is expected to drive the growth of the market.

Key Metal Additive Manufacturing Market Trend

The shift in preference for vertical integration is another factor supporting the growth of the global metal additive manufacturing market during the forecast period. The increase in raw material prices has led metal additive manufacturing vendors to choose backward and forward integration to decrease the operational and distributional cost of the production of metal additive manufacturing. Vendors such as EOS and Stratasys are opting for vertical integration to gain a competitive edge in the market. For instance, in 2019, EOS launched new metal materials, including EOS StainlessSteel CX, EOS Aluminum AlF357, EOS Titanium Ti64 Grade 5, and EOS Titanium Ti64 Grade 23. The increasing adoption of backward and forward integration by vendors will improve the supply chain of silicone sealant products. Similarly, in October 2019, Stratasys launched durable temperature and chemical-resistant FDM thermoplastics.

Key Metal Additive Manufacturing Market Challenge

The lack of a skilled workforce is a major challenge for the global metal additive manufacturing market growth. The use of metal additive manufacturing technology requires trained and skilled professionals for its effective operations. Metal additive manufacturing skills in machine making, CAD design, operation and maintenance, and raw material management require qualified employers and AM-specific skills. The proper understanding of supply chain, finishing, and project management is also vital for the proper functioning of metal additive manufacturing. With the expansion of metal additive applications, the need for extensive and formal skill development and training programs in the management and application of additive manufacturing will increase. The program requires concerted action from metal additive manufacturing service providers, academic institutions, and end-user industries to provide standardized training to the workforce. Thus, a lack of skilled manpower hampers operational processes and may hinder the growth of the global metal additive manufacturing market.

This metal additive manufacturing market analysis report also provides detailed information on other upcoming trends and challenges that will affect market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global metal additive manufacturing market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the metal additive manufacturing market during the forecast period.

Who are the Major Metal Additive Manufacturing Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 3D Systems Corp.
  • EOS GmbH Electro Optical Systems
  • General Electric Co.
  • Materialise NV
  • Norsk Titanium AS
  • Renishaw Plc
  • SLM Solutions Group AG
  • Stratasys Ltd.
  • The ExOne Co.
  • TRUMPF GmbH + Co. KG

 

This statistical study of the metal additive manufacturing market encompasses successful business strategies deployed by the key vendors. The metal additive manufacturing market is fragmented and the vendors are deploying growth strategies such as organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • 3D Systems Crop. - The company offers metal additive manufacturing solutions to semiconductor OEMs.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The metal additive manufacturing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Metal Additive Manufacturing Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the metal additive manufacturing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Metal Additive Manufacturing Market?

Metal Additive Manufacturing Market Market segmentation by region

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39% of the market's growth will originate from North America during the forecast period. The US is the key market for metal additive manufacturing market in North America. Market growth in this region will be faster than the growth of the market in regions.

Demand from the aerospace and healthcare industries and a rise in the demand for dental and implants in the healthcare industry will facilitate the metal additive manufacturing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak led to the closure of manufacturing units and other offices, as well as restrictions on social gatherings. Only a few essential industries, such as pharmaceuticals and food and beverage, were allowed to operate at the usual utilization rates. However, the partial resumption of industrial activities in late 2020 with adherence to social distancing norms and the use of a limited workforce is expected to stabilize the growth of the regional market during the latter half of the forecast period. 

What are the Revenue-generating Application Segments in the Metal Additive Manufacturing Market?

Metal Additive Manufacturing Market Segmentation

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The metal additive manufacturing market share growth in the aerospace segment will be significant during the forecast period. Aerospace companies are integrating additive manufacturing into their future production strategies for flexibility in engineering and design.

This report provides an accurate prediction of the contribution of all the segments to the growth of the metal additive manufacturing market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Metal Additive Manufacturing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 21.94%

Market growth 2021-2025

USD 7.19 billion

Market structure

Fragmented

YoY growth (%)

18.12

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 39%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3D Systems Corp., EOS GmbH Electro Optical Systems, General Electric Co., Materialise NV, Norsk Titanium AS, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., The ExOne Co., and TRUMPF GmbH + Co. KG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Metal Additive Manufacturing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive metal additive manufacturing market growth during the next five years
  • Precise estimation of the metal additive manufacturing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the metal additive manufacturing industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of metal additive manufacturing market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Aerospace - Market size and forecast 2020-2025
      • Exhibit 17: Aerospace - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Aerospace - Year-over-year growth 2020-2025 (%)
    • 5.4 Healthcare - Market size and forecast 2020-2025
      • Exhibit 19: Healthcare - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Healthcare - Year-over-year growth 2020-2025 (%)
    • 5.5 Tools and mold - Market size and forecast 2020-2025
      • Exhibit 21: Tools and mold - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Tools and mold - Year-over-year growth 2020-2025 (%)
    • 5.6 Automobile - Market size and forecast 2020-2025
      • Exhibit 23: Automobile - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Automobile - Year-over-year growth 2020-2025 (%)
    • 5.7 Others - Market size and forecast 2020-2025
      • Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
      • Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 27: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 29: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 30: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 35: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 39: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 40: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 41: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 42: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 43: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 44: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 45: Landscape disruption
          • Exhibit 46: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 47: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 48: Market positioning of vendors
          • Exhibit 49: 3D Systems Corp. - Overview
          • Exhibit 50: 3D Systems Corp. - Business segments
          • Exhibit 51: 3D Systems Corp. - Key news
          • Exhibit 52: 3D Systems Corp. - Key offerings
          • Exhibit 53: EOS GmbH Electro Optical Systems - Overview
          • Exhibit 54: EOS GmbH Electro Optical Systems - Product and service
          • Exhibit 55: EOS GmbH Electro Optical Systems - Key offerings
          • Exhibit 56: General Electric Co. - Overview
          • Exhibit 57: General Electric Co. - Business segments
          • Exhibit 58: General Electric Co. - Key news
          • Exhibit 59: General Electric Co. - Key offerings
          • Exhibit 60: General Electric Co. - Segment focus
          • Exhibit 61: Materialise NV - Overview
          • Exhibit 62: Materialise NV - Business segments
          • Exhibit 63: Materialise NV - Key news
          • Exhibit 64: Materialise NV - Key offerings
          • Exhibit 65: Materialise NV - Segment focus
          • Exhibit 66: Norsk Titanium AS - Overview
          • Exhibit 67: Norsk Titanium AS - Product and service
          • Exhibit 68: Norsk Titanium AS - Key offerings
          • Exhibit 69: Renishaw Plc - Overview
          • Exhibit 70: Renishaw Plc - Business segments
          • Exhibit 71: Renishaw Plc - Key news
          • Exhibit 72: Renishaw Plc - Key offerings
          • Exhibit 73: Renishaw Plc - Segment focus
          • Exhibit 74: SLM Solutions Group AG - Overview
          • Exhibit 75: SLM Solutions Group AG - Business segments
          • Exhibit 76: SLM Solutions Group AG - Key news
          • Exhibit 77: SLM Solutions Group AG - Key offerings
          • Exhibit 78: SLM Solutions Group AG - Segment focus
          • Exhibit 79: Stratasys Ltd. - Overview
          • Exhibit 80: Stratasys Ltd. - Business segments
          • Exhibit 81: Stratasys Ltd. - Key news
          • Exhibit 82: Stratasys Ltd. - Key offerings
          • Exhibit 83: The ExOne Co. - Overview
          • Exhibit 84: The ExOne Co. - Business segments
          • Exhibit 85: The ExOne Co. - Key news
          • Exhibit 86: The ExOne Co. - Key offerings
          • Exhibit 87: TRUMPF GmbH + Co. KG - Overview
          • Exhibit 88: TRUMPF GmbH + Co. KG - Business segments
          • Exhibit 89: TRUMPF GmbH + Co. KG - Key offerings
          • Exhibit 90: TRUMPF GmbH + Co. KG - Segment focus
        • 10.3 3D

          104 10.4

          106 10.5

          107 10.6

          110 10.7

          112 10.8

          113 10.9

          115 10.10

          117 10.11

          119 10.12

          121 11.

          123 11.1

          124 11.2

          125 11.3

          127 11.4

          Research Framework

          Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

          TechnavioINFORMATION SOURCES

          Primary sources

          • Manufacturers and suppliers
          • Channel partners
          • Industry experts
          • Strategic decision makers

          Secondary sources

          • Industry journals and periodicals
          • Government data
          • Financial reports of key industry players
          • Historical data
          • Press releases
          Technavio

          TechnavioDATA ANALYSIS

          Data Synthesis

          • Collation of data
          • Estimation of key figures
          • Analysis of derived insights

          Data Validation

          • Triangulation with data models
          • Reference against proprietary databases
          • Corroboration with industry experts
          Technavio

          TechnavioREPORT WRITING

          Qualitative

          • Market drivers
          • Market challenges
          • Market trends
          • Five forces analysis

          Quantitative

          • Market size and forecast
          • Market segmentation
          • Geographical insights
          • Competitive landscape
          Interested in this report?
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          Metal Additive Manufacturing Market market growth will increase by $7.19 bn during 2021-2025.
          The metal additive manufacturing market market is expected to grow at a CAGR of 21.94% during 2021-2025.
          Technavio has segmented the metal additive manufacturing market market by application (aerospace, healthcare, tools and mold, automobile, and others) ,geography (North America, Europe, APAC, South America, and MEA) , and geographic (North America, Europe, APAC, South America, and MEA).
          3D Systems Corp., EOS GmbH Electro Optical Systems, General Electric Co., Materialise NV, Norsk Titanium AS, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., The ExOne Co., TRUMPF GmbH + Co. KG are a few of the key vendors in the metal additive manufacturing market market.
          North America will register the highest growth rate of 39% among the other regions. Therefore, the metal additive manufacturing market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
          The key factors driving the metal additive manufacturing market market growth are:
          • Increased preference for additive manufacturing
          • Rise in R&D activities
          The metal additive manufacturing market market vendors should focus on grabbing business opportunities from the aerospace segment as it accounted for the largest market share in the base year.
          • What are the key global market and the regional market share?
          • What are the revenue-generating key market segments?
          • What are the key factors driving and challenging this market’s growth?
          • Who are the key market vendors and their growth strategies?
          • What are the latest trends influencing the growth of this market?
          • What are the variables influencing the market growth in the primary regions?
          • What are the factors influencing the growth of the parent market?
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          • Covid-19 impact and recovery analysis
          • Data on revenue-generating market segments
          • Details on the market shares of various regions
          • Five-force market analysis

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