The metal 3D printing market will grow from $774,8 million in 2020 to $16,1 billion by 2031, according to a study by market research firm MarketsandMarkets. Growth in this market is expected to be driven by increased demand for customized and complex designs, as well as metal parts with high precision and quality.

Among the main factors that will drive the growth of the metal 3D printing market, experts cite increased investment in research and development, as well as the expansion of the use of 3D printing in various industries, including aviation, automotive, medicine and energy.

Man is holding object printed on metal 3d printer. Object printed in laser sintering machine. Modern 3D printer printing from metal powder. Progressive additive DMLS, SLM, SLS 3d printing technology

In addition, the reduction in the cost of metal 3D printing equipment and the increase in the availability of this technology for small and medium-sized enterprises will also contribute to the growth of the market.

North America is expected to be the largest metal 3D printing market in the coming years due to the high level of industrial development and the presence of large manufacturers of 3D printing equipment. However, experts note that the market in the Asia-Pacific region will grow the fastest due to the rapid development of industry in countries such as China, Japan and South Korea.

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