Current Trends in 3D Printing Metal
2023-11-24
3D printing in metal continues to surge in popularity, and is expected to expand at a compound annual growth rate of almost 25% through 2030. Accelerated growth–with SLM 3D printing at the forefront– is attributed to advancement in a wide range of applications.
“Increasing adoption of metal 3D printers for the designing and prototyping of products and objects, coupled with the reduced manufacturing expenditure and accuracy in the end product, is a key market proliferating factor. The market is poised to witness high demand arising prominently from the healthcare, automotive, aerospace, and defense sectors. Growing advancements in the healthcare sector to curb physical disabilities and ensure healthy living are influencing the sector to flourish and adopt new innovative methodologies, such as 3D printing. Additionally, the automotive and aerospace sectors, where prototyping and designing play a vital role in research and development to achieve perfection in their production are leading towards greater opportunities and increasing the adoption of the 3D printing process,” states Grand View Research.
“The services segment is expected to expand at a significant CAGR of 23.5% from 2022 to 2030. With the adoption of methodology, metal 3D printing services help manufacturers to produce complicated and delicate functional parts with greater ease and accuracy.”
Purchasing 3D metal printers is extremely cost-prohibitive for most companies, so it makes sense that established metal 3D printing services like Shapeways are projected to continue expanding and contributing substantially to the global market.
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