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.
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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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/ |
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 Outlook 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.
- Middle East & Africa Metal 3D Printing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- Middle East & Africa Metal 3D Printing Market Printer Type Outlook (Revenue, USD Million , 2018-2030)
- Desktop Printer
- Industrial Printer
- Middle East & Africa 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 continent-level data and insights on the Middle East & Africa Metal 3D Printing Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Metal 3D Printing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
MEA metal 3d printing market statistics, by component, 2018-2030 (US$M)
