According to TechSci Research report, “United States 3D Printing Metals Market - By Region, Competition Forecast & Opportunities, 2028F,” the United States 3D Printing Metals Market is anticipated to grow at a steady rate in the forecast period of 2024-2028, driven by surging demand from the automotive and aerospace & defense industries.
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Metal 3D printing allows aerospace designers to build superior-quality parts without facing restrictions such as production feasibility, complexity, or cost. This is expected to drive the growth of the US 3D printing metals market in the upcoming years. An increasing number of product applications for additive manufacturing in fields such as oil & gas, medical & dental, and education, among others, are giving a healthy push to market growth. However, the high costs of metal powder and industrial-grade printers pose impending challenges for the US 3D printing metals market during the forecast period.
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The United States 3D Printing Metals Market is segmented by form, type, manufacturing process, end-user industry, region, and competitive landscape. Based on form, the market is divided into powder and filament. Based on type, the market can be categorized into titanium, nickel, stainless steel, and aluminum. Regarding the manufacturing process, the market can be segmented into Direct Metal Laser Sintering (DMLS), Selective Laser Melting (SLM), and Others. Based on the end-user industry, the market is divided into aerospace & defense, automotive, and medical & dental. Regionally, the United States is divided into the West, Midwest, Northeast, and South.
In terms of form, the powder segment was the highest contributor to the market, and the filament segment is estimated to grow with the highest CAGR during the forecast period. The growing use of metal powder-based 3D printing in applications such as aerospace, medical, and rapid tooling areas is driving this trend.
Regarding type, the titanium segment is expected to have the largest share of the US 3D printing metals market during the forecast period. The growth of the titanium segment can be attributed to the rising demand for 3D printed metal parts from the aerospace & defense and automotive end-use industries. Titanium possesses properties such as high impact and high-temperature resistance. Titanium is also used in the medical & dental end-use industry to manufacture orthopedic and dental implants, as well as artificial knee and hip replacements.
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In terms of end-user industry, the aerospace & defense industry is projected to be the fastest growing in the US 3D printing metals market during the forecast period. Metal 3D printing is used to print fuel nozzles and other critical engine components that require high precision and accuracy in the aerospace & defense industry. 3D printing reduces the overall weight of an aircraft, thereby reducing fuel consumption. 3D printing metals are also used to manufacture specific brackets for satellites without altering the mold designs and manufacturing process. The increasing demand for critical engineering and fabrication applications in the aerospace & defense industry is driving this segment.
Major companies operating in the United States 3D Printing Metals Market are:
- Stratasys Ltd.
- GE Additive
- Proto Labs, Inc.
- LPW Technology Ltd.
- Pollen AM Inc.
- Materialise NV
- Renishaw Inc
- Hoganas AB
- Carpenter Technology Corporation
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The transition from rapid prototyping to production utilizing 3D printing is anticipated to open up new opportunities for market participants. According to a recent survey of 3D centers, more than half of enterprises use 3D printing to create functional end-use products. In recent years, the automotive, transportation, and biotechnology industries have witnessed an increase in the use of 3D printing.
“The United States 3D printing metals market is projected to grow at a brisk rate during the forecast period due to innovative product launches, as well as promotional strategies being undertaken by manufacturers in the country such as Carpenter Technology Corporation, among others. Furthermore, decreased prices of 3D printers, along with the accessibility of advanced raw materials like stainless steel powder, are expected to further fuel the growth of the United States 3D printing metals market. Additionally, there are many more factors that will drive the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "United States 3D Printing Metals Market.”
“United States 3D Printing Metals Market By Form (Powder and Filament), By Type (Titanium, Nickel, Stainless Steel, Aluminum), By Manufacturing Process (Direct Metal Laser Sintering (DMLS), Selective Laser Melting (SLM), Others), By End User Industry (Aerospace & Defense, Automotive, Medical & Dental), By Region, Competition Forecast & Opportunities, 2028,” has evaluated the future growth potential of United States 3D Printing Metals Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the United States 3D Printing Metals Market.
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