Middle East & Africa Metal 3d Printing Market Size & Outlook
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MEA metal 3d printing market highlights
- The MEA metal 3d printing market generated a revenue of USD 271.3 million in 2023.
- The market is expected to grow at a CAGR of 13.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 271.3 million |
| Market revenue in 2030 | USD 658.8 million |
| Growth rate | 13.5% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 3.5% of the global metal 3d printing market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,415.2 million by 2030.
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Metal 3D Printing Market Scope
Metal 3D Printing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| SICK, Inc | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | https://www.sick.com/us/en/ |
| ISRA VISION | View profile | 1001-5000 | Darmstadt, Hessen, Germany, Europe | https://www.isravision.com/en/ |
| Basler AG | View profile | 1059 | An der Strusbek 60-62, Ahrensburg, SH, Germany, 22926 | https://www.baslerweb.com |
| Keyence Corp | View profile | 10580 | 1-3-14, Higashi-nakajima, Higashi-Yodogawa, Osaka, Japan, 533-8555 | http://www.keyence.co.jp |
| Cognex Corp | View profile | 2992 | One Vision Drive, Natick, MA, United States, 01760-2059 | https://www.cognex.com |
Middle East & Africa 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 will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 64.98% in 2023. Horizon Databook has segmented the Middle East & Africa metal 3d printing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing private and public investments in metal additive manufacturing companies are projected to create a positive impact on the demand for metal powder required for the production. For instance, Industrial Development Corporation of South Africa invested nearly USD 1.2 million in metal additive manufacturing start-ups.
This investment is a part of the country’s strategy to gain a competitive edge in metal additive manufacturing and support industries such as medical, energy, and oil & gas. Another South African company Aeroswift is also exploring the possibilities in titanium additive manufacturing machines for aerospace & defense sector. Aeroswift is also backed by the government of South Africa.
In industrial sector, Lonmin, a metal producing company, is investing significantly in the metal additive manufacturing sector of South Africa. The company is developing a new process to manufacture platinum powder for medical and industrial applications. There are various niche segments wherein the manufacturers are likely to pour new investments over the coming years.
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Target buyers of Middle East & Africa metal 3d printing market databook
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Our clientele includes a mix of metal 3d printing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa metal 3d printing market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa metal 3d printing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Metal 3D Printing Market Outlook Share, 2023 & 2030 (US$M)
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