Posted 12/11/2023, 3:00:00 AM
Metal 3D Printing Market to See Significant Growth of Over 20% by 2027 Driven by Aerospace and Other Industries
- Metal additive manufacturing market size to grow by $7.57 billion from 2022-2027 at a CAGR of 20.84% due to increased preference for additive manufacturing
- Vendor landscape is fragmented with presence of several global and regional players like EOS GmbH, General Electric, Hoganas AB, etc.
- Selective laser melting segment will account for significant market share due to wide use in industries like aerospace, automotive, medical devices, etc.
- North America to account for 43% of market growth due to investments in industries like automotive, chemical, tools and molding
- High production costs pose a major challenge due to expensive metal powders and post-processing requirements