The 3D printed metal parts market is poised for significant revenue growth between 2024 and 2031, driven by increasing adoption of additive manufacturing technologies across industries such as aerospace, automotive, healthcare, and industrial machinery. 3D printing enables the production of complex metal components with high precision, reduced material waste, and faster turnaround times compared to traditional manufacturing methods. Metals such as stainless steel, titanium, aluminium, and cobalt-chrome are widely used due to their strength, durability, and resistance to extreme conditions, making them ideal for high-performance applications.
According to the Stratview Research, “The 3D-printed metal parts market size was US$ 10.2 billion in 2024 and is likely to grow at a decent CAGR of 19.3 % in the long run to reach US$ 36.7 billion in 2031”.
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Applications
In the aerospace sector, 3D printed metal parts are employed in engine components, structural frameworks, and turbine blades, reducing weight while maintaining structural integrity. The automotive industry uses these parts for prototypes, custom components, and performance-critical engine parts, enhancing efficiency and design flexibility. In healthcare, 3D printed metal implants, surgical instruments, and dental devices benefit from precise customization and improved patient outcomes. Industrial machinery and energy sectors are also adopting these parts for tooling, spare parts, and equipment components, where durability and precision are critical.
Trends
The market is witnessing trends such as the development of advanced metal powders, hybrid manufacturing methods combining 3D printing with conventional processes, and the increasing integration of digital design software with additive manufacturing. Companies are also exploring multi-material printing, lattice structures, and topology optimization to improve performance while reducing weight and material costs. Sustainability is becoming a key focus, with manufacturers emphasizing energy-efficient production and recycling of unused metal powders.
Future Opportunities
The forecast period offers strong growth potential, particularly in industries seeking lightweight, high-strength, and customized components. Expansion in aerospace and healthcare, coupled with decreasing costs of metal 3D printing technology, is expected to drive demand. Advancements in automation, AI-driven design, and quality assurance will further enhance adoption, positioning the 3D printed metal parts market for robust revenue growth through 2031.
