Metal 3D Printing Market Summary

The global metal 3D printing market size was estimated at USD 7.73 billion in 2023 and is projected to reach USD 35.33 billion by 2030, growing at a CAGR of 24.2% from 2024 to 2030. Metal 3D printing continues to gain significant momentum as industries adopt rapid prototyping techniques and advanced manufacturing solutions that enable faster production cycles, enhanced precision, and reduced material wastage.

The industry is poised to witness unprecedented growth over the forecast period owing to the rising application of additive manufacturing across numerous industrial verticals, including aerospace, automotive, healthcare, defense, and energy. As competition intensifies, the global market is steadily moving toward consolidation, with leading companies strengthening their technological capabilities, expanding production capacities, and focusing on strategic partnerships to maintain a competitive edge. A major contributor to this growth is continuous innovation, which is driving enhanced production efficiency, cost savings, and design flexibility, making metal 3D printing increasingly valuable in heavy industry applications that require high-performance components.

Key Market Trends & Insights

• North America dominated with a revenue share of 33.81% in 2023.
• Asia Pacific is projected to witness remarkable growth, expanding at the highest CAGR over the forecast period.
• Based on industrial metal 3D printing vertical, the automotive segment led the market and accounted for more than 23.94% share of the global revenue in 2023.
• In terms of desktop metal 3D printing vertical, the dental segment accounted for the largest revenue share of 22.71% in 2023.
• Based on component, the hardware segment led the market and accounted for a 64.63% share of the global revenue in 2023.

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Market Size & Forecast

• 2023 Market Size: USD 7.73 Billion
• 2030 Projected Market Size: USD 35.33 Billion
• CAGR (2024-2030): 24.2%
• North America: Largest market in 2023
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights

The ecosystem of the metal 3D printing market comprises an original equipment manufacturer, a network of component manufacturers, system integrators, resellers & distributors, and end users.

Some prominent players in the market include Cognex Corporation (U.S.), Basler AG (Germany), Keyence Corporation (Japan), Sick AG (Germany), and ISRA Vision AG (Germany).

• ISRA VISION GmbH is a manufacturer and provider of surface inspection systems. The company’s products are used for quality and surface inspection, including image processing systems, focused on the arena of metal 3D printing. Its machine vision system comprises lightning components, sensor devices, hardware, software, and mechanical elements such as high-resolution cameras and fast-switching LEDs.
• Basler AG develops and manufactures digital cameras for medical devices, traffic systems, industrial applications, and video surveillance. The products offered by the company include PowerPack Microscopy equipment; network cameras; 3D cameras for applications in logistics, industrial image processing, imaging, and inspection; area scan cameras for factory automation and traffic monitoring; and line scan cameras for sorting procedures and quality assurance.

Key Players

• Cognex Corporation
• Keyence Corporation
• Sick AG
• ISRA Vision AG
• Basler AG.

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Conclusion

The global metal 3D printing market is set for transformative expansion as industries increasingly recognize the advantages of additive manufacturing in terms of efficiency, customization, and production flexibility. The technology’s growing adoption across key sectors, combined with continuous innovation and strategic industry consolidation, is expected to accelerate market development through 2030. Emerging economies, particularly in the Asia Pacific region, will play a crucial role in driving demand due to rapid industrialization and rising manufacturing investments. Overall, the market’s strong trajectory highlights its importance in shaping the future of advanced manufacturing worldwide.