The Business Research Company’s Metal Additive Manufacturing Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Metal Additive Manufacturing Global Market Report 2023 evaluates metal additive manufacturing market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The metal additive manufacturing market is expected to grow from $4.04 billion in 2022 to $4.64 billion in 2023 at a compound annual growth rate (CAGR) of 14.79%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The metal additive manufacturing market is expected to reach $8.35 billion in 2027 at a CAGR of 15.80%.
The adoption of metal additive manufacturing technologies in the aerospace industry is expected to propel the growth of the metal additive manufacturing market going forward. The aerospace industry encompasses the design, development, production, operation, and maintenance of aircraft, spacecraft, satellites, and related components. In the aerospace sector, metal additive manufacturing is used to create lightweight components, reduce the weight of aircraft and spacecraft, improve fuel efficiency, and cut emissions. For instance, in November 2022, according to the Aerospace Industries Association, a US-based trade association representing manufacturers and suppliers, the American Aerospace & Defense industries generated $892 billion in combined sales in 2021, a 2.1% increase from 2020. Further, in 2021, Aerospace & Defense industry exports rose by 11.2% to a total value of $100.4 billion. Therefore, the adoption of metal additive manufacturing technologies in the aerospace industry is driving demand for the metal additive manufacturing market.
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The metal additive manufacturing market segments in the report are:
1) By Type: Selective Laser Melting (SLM), Electron Beam Melting (EBM), Powder Bed Fusion, Sheet Lamination, Directed Energy Deposition, Binder Jetting
2) By Component: System, Materials, Services And Parts
3) By Application: Automotive Industry, Aerospace Industry, Healthcare And Dental Industry, Tools And Mold, Academic Institutions, Other Applications
The table of contents in TBRC’s metal additive manufacturing market report includes:
- Executive Summary
- Metal Additive Manufacturing Market Characteristics
- Metal Additive Manufacturing Market Trends And Strategies
- Metal Additive Manufacturing Market – Macro Economic Scenario
- Metal Additive Manufacturing Market Segmentation
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- Global Metal Additive Manufacturing Market Competitive Benchmarking
- Global Metal Additive Manufacturing Market Competitive Dashboard
- Key Mergers And Acquisitions In The Metal Additive Manufacturing Market
- Metal Additive Manufacturing Market Future Outlook and Potential Analysis
- Appendix
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