Metal Additive Manufacturing Markets 2023

The Seventh Edition of the “Additive Manufacturing with Metal Powders 2023” analyzes the challenges and opportunities facing metal additive manufacturing (AM) stakeholders in light of current market forces. The analysis anticipates that the contraction in hardware investments may be at least partially offset by slight single-digit growth in opportunities for materials and production services fueled by newfound interest in the technologies during the second half of the year.

The latest forecasts in the report expect the metal AM market to achieve significantly more growth in 2023 compared to the total additive market overall. For the first time in its history, this growth is expected to be powered by the actual use of metal additive processes rather than a majority of prospective interest and research, driven by material consumption and printing services for profit.

The metal additive manufacturing market has been growing by leaps and bounds since 2014 when the analyst the leading market analysis and consulting group in AM - began tracking and reporting on the technologies. The latest report features a concise but detailed exploration of current trends and a focus on the post-pandemic dynamics of the market while reaffirming long term outlooks in the technology. A robust market tracking and forecasting dataset is provided with the report featuring everything from hardware, materials, services, and metal AM part production metrics.

Companies profiled and considered in this report include EOS, GE Additive, Velo3D, SLM Solutions, Trumpf, Farsoon, Renishaw, 3D Systems, EPlus3D, AddUp, Additive Industries, BLT, 6K Additive, IperionX, Carpenter, and many more.

 From the $5.4B topline 2023 market size, the report sees $3.2B for contract services, $1.3B for hardware, and $920M for materials. The report anticipates that a contraction in hardware investments may be partially offset by growth in opportunities for materials and contract services. The metal 3D printing market is expected to achieve significantly more growth in 2023 compared to the total AM market (which would include polymers and other materials). Growth is expected to be powered by the actual use of metal AM processes rather than by R&D

Estimated Metal EBF Hardware Market Shares by Revenue

Report Scope

Drawing upon dedicated market research and data tracking since 2014, AM Research’s Metal AM Markets: 2023 report features a detailed exploration of current market trends and a focus on the post-pandemic dynamics of the market. The report also provides a long-term outlook for metal additive manufacturing markets, including a robust market tracking and forecasting data file with coverage of hardware, materials, print services, and metal AM part production metrics, split by vendor, geography, technology type, and applications. Forecasts are provided out to 2032.

Companies profiled and considered in this report include EOS, GE Additive, Velo3D, SLM Solutions, Trumpf, Farsoon, Renishaw, 3D Systems, EPlus3D, AddUp, Additive Industries, BLT, 6K Additive, IperionX, Carpenter, and many more. 

Report Highlights

• Metal AM Markets: 2023 data and forecasts show steady 3DP/AM growth, but not accelerating The report explores two specific scenarios which could fuel such market momentum: Defense Spending and Industry Consolidation.
• In H1 2023, AM powder markets grew at 33% year over, with hardware at 23% but and services 11%. AMR does not anticipate hardware to maintain its pace in H2 2023.
• All major metal AM technologies (Powder Bed Fusion, Directed Energy Deposition, Metal Binder Jetting and Bound Metal) are expected to grow in 2023 at rates from 18% to 24%.