VoxelMatters reports an increase in the value of the metal 3D printing market by +26% year on year

VoxelMatters – a company that analyzes the 3D printing market and publisher of one of the most important portals in the additive industry, has published a new study on the metal 3D printing sector. According to the “Metal AM Market 2023” report, this market generated revenue of $2.85 billion in 2022, which means an increase of +26% year-on-year. The study, based on a database of companies in the metal 3D printing industry updated by VoxelMatters, contains analyzes and forecasts about the global market. You can access the report here.

The new study highlights that the additive manufacturing market in the metal segment continues to be driven primarily by technology, with machinery generating the largest revenues. In 2022, sales of 3D printers and related accessories generated almost $1.5 billion (+30% y/y), representing over 50% of the entire metal 3D printing market. It’s important to note that services are just one of the industries that use these technologies.

Among end-user industries, the aviation industry generates the highest total revenues from 3D printers, materials and services. The industrial parts manufacturing segment is quickly catching up, followed by the medical and automotive segments. In terms of geographic distribution, the EMEA region is currently the leader in the metal 3D printing segment, with Germany leading the way. Italy, the UK and France are also key markets, as well as emerging local markets such as Spain, the Benelux countries, the Nordic region and the Middle East. The US additive manufacturing market is the world’s largest domestic market in terms of metal 3D printing revenues, while the APAC market is experiencing rapid growth, driven by the Chinese and Japanese markets.

The report, published by VoxelMatters, provides for the first time a very comprehensive analysis of technologies and materials beyond metal powder processes (laser technologies, Binder Jetting and powder-based DED). Each chapter of the report includes a detailed qualitative and quantitative study and forecast of wire-based processes (WAAM, EBAM, L-DED), metal-based processes (extrusion, stereolithography and SLS), and consolidation processes (friction-stir, cladding, cold spraying and ultrasounds).

The 300-page report consists of six chapters: overview, equipment, materials, services, industry and geography. Contains over 170 data charts and tables analyzing and forecasting all metal 3D printing technologies and materials used in additive manufacturing. It focuses on the production of prototypes, tools and end-use parts in key industry segments including aerospace, automotive, medical, dental, energy and consumer industries.

Using the VoxelMatters Directory, the largest global directory of verified additive manufacturing companies with nearly 7,000 companies, the research team identified 444 companies that broadly operate in the metal 3D printing sector and its key segments. These include 132 equipment manufacturers, 73 material suppliers and 239 service providers. This market research study is based on a dataset of over 56,000 data points, providing one of the most accurate pictures of the current global metal 3D printing market.

Report 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 existing suppliers, the report is aimed at companies looking to enter the market and take advantage of emerging opportunities. Manufacturers looking to implement 3D printing in the production of metal parts will learn about available technologies, materials and services, as well as the benefits and challenges associated with each. This document also serves as a guide for investors looking for the next breakthrough production technologies.

Source: VoxelMatters press materials