The size of the 3D printing market will grow at an average annual rate of 24.41%

According to Global Information Inc. 's August 5,2020, market research report“3D metal printing Global market (2019-2025)”, the market size of 3D metal printing is expected to grow at an annual rate of 24.41% in 2019-2025. 

Affected by the epidemic of covid-19, the development and utilization of medical-related instruments have expanded. The use of 3D printing technology is also expanding in aerospace, defense, health care, high-performance gas turbine and their components, and human implants. As Covid-19 has spread, 3D printing has also been used in medical-related machines such as parts for respirators. 

The metal 3D printing market is expected to grow from US $377.8 million (40 billion yen) in 2019 to US $738.8 million (78.3 billion yen) in 2025, the annual growth rate was 24.41 percent. In terms of specific strength, corrosion resistance, fatigue strength, processing rate, and cost factors compared with other alloys, aluminum alloys have the largest market share in metal raw materials. Titanium alloys are expected to grow rapidly due to increased use in aerospace, defense and health care. The metal-based powder will occupy the largest share in the form of raw materials. 

As for additive manufacturing technology, it is expected that powder bed fusion will be the mainstream of the market in the future because of the requirement of economy, convenience and dimension precision. In addition, the main factors hindering the growth of the market are the high cost, low strength, residual stress, fracture, heat storage and oxidation, surface treatment, porosity and accuracy of metal powder/industry grade 3D printing.