Canada Metal 3D Printing Market Size & Outlook, 2023-2030
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Canada metal 3d printing market highlights
- The Canada metal 3d printing market generated a revenue of USD 652.8 million in 2023 and is expected to reach USD 2,715.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 22.6% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Metal 3d printing market data book summary
| Market revenue in 2023 | USD 652.8 million |
| Market revenue in 2030 | USD 2,715.9 million |
| Growth rate | 22.6% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Cognex Corp, Keyence Corp, SICK, Inc, ISRA VISION, Basler AG |
Other key industry trends
- In terms of revenue, Canada accounted for 8.4% of the global metal 3d printing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. metal 3d printing market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,535.8 million by 2030.
The Canadian 3D printing metal market is experiencing growth and is influenced by various factors. While traditional manufacturing methods still dominate the metal fabrication industry, there is a gradual adoption of additive manufacturing and 3D printing technologies in Canada. These technologies offer unique advantages and are being explored by fabrication shop managers to stay competitive in the marketplace.
The Canadian metal fabrication market benefits from significant internal activity and has a substantial reliance on exporting. This indicates a strong demand for metal products, including those produced through additive manufacturing and 3D printing technologies. Industries such as automotive, transportation, and biotechnology have witnessed increasing usage of 3D printing, including the use of metal powders.
The aerospace industry, in particular, is expected to display many benefits from 3D printing metal technology, such as producing hollow components and comparatively thinner walls. For instance, in May 2024, PyroGenesis Canada Inc., a high-tech company based in Montreal, Quebec, has recently signed an initial contract with an aerospace company in Spain for the supply of titanium metal powder for use in additive manufacturing.
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Publish Date: Jul 26, 2024
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Metal 3D Printing Market Scope
Metal 3D Printing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cognex Corp | View profile | 2,992 | One Vision Drive, Natick, MA, United States, 01760-2059 | www.cognex.com |
| Keyence Corp | View profile | 10,580 | 1-3-14, Higashi-nakajima, Higashi-Yodogawa, Osaka, Japan, 533-8555 | www.keyence.co.jp |
| Basler AG | View profile | 1,059 | An der Strusbek 60-62, Ahrensburg, SH, Germany, 22926 | www.baslerweb.com |
| ISRA VISION | View profile | 1001-5000 | Darmstadt, Hessen, Germany, Europe | www.isravision.com/en/ |
| SICK, Inc | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.sick.com/us/en/ |
Canada Metal 3D Printing Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Metal 3D Printing Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 64.4% in 2023.
Horizon Databook has segmented the Canada metal 3d printing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Canadian 3D printing metal market is experiencing growth and is influenced by various factors. While traditional manufacturing methods still dominate the metal fabrication industry, there is a gradual adoption of additive manufacturing and 3D printing technologies in Canada. These technologies offer unique advantages and are being explored by fabrication shop managers to stay competitive in the marketplace.
The Canadian metal fabrication market benefits from significant internal activity and has a substantial reliance on exporting. This indicates a strong demand for metal products, including those produced through additive manufacturing and 3D printing technologies. Industries such as automotive, transportation, and biotechnology have witnessed increasing usage of 3D printing, including the use of metal powders.
The aerospace industry, in particular, is expected to display many benefits from 3D printing metal technology, such as producing hollow components and comparatively thinner walls. For instance, in May 2024, PyroGenesis Canada Inc., a high-tech company based in Montreal, Quebec, has recently signed an initial contract with an aerospace company in Spain for the supply of titanium metal powder for use in additive manufacturing.
- Canada Metal 3D Printing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- Canada Metal 3D Printing Market Printer Type Outlook (Revenue, USD Million , 2018-2030)
- Desktop Printer
- Industrial Printer
- Canada Metal 3D Printing Market Vertical Outlook (Revenue, USD Million , 2018-2030)
- Desktop Metal 3D Printing
- Industrial Metal 3D Printing
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Metal 3D Printing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Metal 3D Printing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Metal 3D Printing Market, 2018-2030 (US$M)
Canada metal 3d printing market statistics, by component, 2018-2030 (US$M)
