Metal Additive Manufacturing Market Research, 2031 The global metal additive manufacturing market size was valued at $2.6 billion in 2021, and is projected to reach $14.1 billion by 2031, growing at a CAGR of 18.1% from 2022 to 2031. Metal additive manufacturing, commonly known as 3D metal printing, is a specialized process for manufacturing metal components by using metal powder, wire, or metal sheet. Machineries use a laser or an electron beam to heat metal in powder or wire form to consolidates it into the form of an object. Metal additive manufacturing offers various advantageous features over the traditional methods of component or object manufacturing. However, metal additive manufacturing does not replace the traditional methods of manufacturing which is highly effective in mass manufacturing. The metal additive manufacturing is highly suitable for manufacturing customized products, products with fine details, complex products, and most importantly, it can manufacture working metal prototypes. In addition, its various advantages, such as less waste generation, fast-paced production, and recreation of legacy parts, are expected to positively influence the metal additive manufacturing market growth. Various industries that use metal in their processes are witnessing rapid growth all across the globe. This is attributed to rise in population, disposable income of the people, and rise in global trade. After the negative impact of COVID-19, automotive industry is expected to reach pre-COVID-19 levels in the next two years. The automotive industry makes extensive use of metal additive manufacturing for prototyping jobs. It is estimated that the rise in the automotive sector will drive the demand for metal additive manufacturing. Furthermore, globalization is playing a major role in the growth of air travel across the world. This is leading to an increase in demand in aerospace sector, which eventually propels the metal additive manufacturing market. Furthermore, with the rise in population, especially the elderly population, is driving the demand in healthcare sector for surgical and dental implants. Such implants are custom made for individual patients using metal additive manufacturing. This positively influences the growth of the metal additive manufacturing market. Get Free Sample:-https://www.alliedmarketresearch.com/request-sample/26226 Major players in the industry are focusing on expanding their businesses to sustain harsh competition in the metal additive manufacturing market. For instance, in July 2022, EOS GmbH, a global firm involved in additive manufacturing, introduced four new metal materials for additive manufacturing (AM) on the EOS M 290 metal system, which includes two stainless steels, one tool steel and one nickel alloy. Competition Analysis Key companies profiled in the metal additive manufacturing market forecast report include BeAM Machines, DMG Mori Seiki Co., Ltd., EOS GmbH, Farsoon Technologies, GE Additive, Renishaw Plc, Sisma SpA, SLM Solutions, Trumpf, and Xi‘an Bright Laser Technologies Co., Ltd. Full Report With TOC:-https://www.alliedmarketresearch.com/metal-additive-manufacturing-market-A25776