U.K. Metal 3D Printing Market Size & Outlook, 2023-2030
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UK metal 3d printing market highlights
- The UK metal 3d printing market generated a revenue of USD 589.6 million in 2023 and is expected to reach USD 2,688.6 million by 2030.
- The UK market is expected to grow at a CAGR of 24.2% 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 589.6 million |
| Market revenue in 2030 | USD 2,688.6 million |
| Growth rate | 24.2% (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, UK accounted for 7.6% 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 Europe, Germany metal 3d printing market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 4,100.7 million by 2030.
Increasing private investment in the UK’s energy system is expected to positively influence the market demand for metal powder. For instance, in May 2022, BP p.l.c. announced that they are intending to invest up to GBP 18.00 billion in the country’s energy system by 2030. In addition, BP p.l.c announced its intentions to continue investing in North Sea oil & gas.
The UK holds strong position in metal additive manufacturing owing to high research & development activities in metal additive manufacturing. This can be illustrated by the fact that several of the leading UK universities are currently actively engaged in metal additive manufacturing-related research.
The three largest centers of research are the University of Sheffield, University of Nottingham, and the University of Cambridge. A new UK Center of Excellence for Additive Manufacturing was launched at MACH 2024. The center is a partnership between the University of Wolverhampton, 3D printer manufacturers EOS and AMCM, and has been partially funded by the UK's Regional Innovation Fund (RIF).
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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/ |
U.K. 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 63.76% in 2023.
Horizon Databook has segmented the U.K. metal 3d printing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing private investment in the UK’s energy system is expected to positively influence the market demand for metal powder. For instance, in May 2022, BP p.l.c. announced that they are intending to invest up to GBP 18.00 billion in the country’s energy system by 2030. In addition, BP p.l.c announced its intentions to continue investing in North Sea oil & gas.
The UK holds strong position in metal additive manufacturing owing to high research & development activities in metal additive manufacturing. This can be illustrated by the fact that several of the leading UK universities are currently actively engaged in metal additive manufacturing-related research.
The three largest centers of research are the University of Sheffield, University of Nottingham, and the University of Cambridge. A new UK Center of Excellence for Additive Manufacturing was launched at MACH 2024. The center is a partnership between the University of Wolverhampton, 3D printer manufacturers EOS and AMCM, and has been partially funded by the UK's Regional Innovation Fund (RIF).
- U.K. Metal 3D Printing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- U.K. Metal 3D Printing Market Printer Type Outlook (Revenue, USD Million , 2018-2030)
- Desktop Printer
- Industrial Printer
- U.K. 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 U.K. Metal 3D Printing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Metal 3D Printing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
U.K. Metal 3D Printing Market, 2018-2030 (US$M)
UK metal 3d printing market statistics, by component, 2018-2030 (US$M)
