Growth areas and market potential for metal Additive Manufacturing

The 3D printing / Additive Manufacturing industry as a whole has seen consistent year-on-year growth of 20% for the last ten-plus years. Some softening occurred in the Global Financial Crisis of 2009, and again in 2020, but these were still positive growth years.

While growth values are a good indication of the market potential for metal 3D printing, perhaps more important is the specific breakdown by Additive Manufacturing technology type, geographic spread, and sector type.

The industries with the highest potential for Additive Manufacturing adoption are those with the longest certification time horizons, i.e. aerospace, medical, and automotive. While many AM products are now in production, there are many more that are still working their way through the certification process.

THE WORLD OF METAL AM TO YOUR INBOX
Subscribe to our weekly newsletter
Sign up

Newer and more rapidly growing industries such as electric vehicles, renewable energy, and commercial spaceflight are increasingly finding the designs and materials enabled by Additive Manufacturing advantageous.

The geographic areas with the highest market potential for metal 3D printing remain Europe and the US, with many of the major Additive Manufacturing customers located in these regions, and thus suppliers located close to their customer base. China has been a rapidly growing market for some time but operates more internally, with domestic consumption met by domestic supply. Other markets in Asia, from countries such as India, Japan, and Korea, have been slower to start, but are now enthusiastic adopters of AM technology.

Many challenges still need to be overcome for AM to become a more mainstream manufacturing tool. The repeatability and reliability of the process, post-processing requirements, Additive Manufacturing talent pool, lack of standardisation, reduced material options, and high cost of machines and materials are just some of the factors that are holding back adoption. Nevertheless, advances continue to be made, both by industry and the research community, that advance our understanding of AM and accelerate the adoption of Additive Manufacturing.

> Next page: Summary and outlook on the metal Additive Manufacturing

Download Metal AM magazine

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • The GRCop story: The development, production and Additive Manufacturing of NASA’s rocket engine alloys
  • Formnext 2023: Innovations in metal Additive Manufacturing from the industry’s leading international exhibition
  • Cybersecurity in Additive Manufacturing: Securing the industry’s future
  • Additive Manufacturing in the jewellery industry: exploring the potential of platinum and titanium
  • Mission possible: The five-year plan to gain FAA and EASA acceptance of in-process monitoring

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap