Metal Additive Manufacturing Market Poised to Triple by 2035 as Industry Moves Beyond Prototyping
The metal additive manufacturing (AM) sector is projected to nearly triple in market value, reaching $13 billion by 2035. This growth is driven by the industry's transition from prototyping to end-use production across various sectors, including aerospace, automotive, and general manufacturing .(3D Printing Industry)
Laser Powder Bed Fusion (LPBF) remains the dominant technology in metal AM, favored for its maturity and reliability. While emerging methods like Metal Binder Jetting (MBJ) and Bound Metal Extrusion (BME) offer potential, they are still addressing challenges related to process optimization and application suitability .(IDTechEx)
Regionally, North America leads the metal 3D printing market, holding a 40% share, followed by Europe at 30%. Asia-Pacific accounts for 20%, with rapid growth fueled by investments in industrial automation and additive manufacturing .(plasticsnewsdirectory.com)
The expansion of metal AM is further supported by advancements in materials, software, and hardware, enabling more complex and high-performance applications. As the technology continues to evolve, it is expected to play a crucial role in reshaping manufacturing processes and supply chains globally.(IDTechEx)
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