The global metal additive manufacturing market size is estimated to grow by USD 7574.3 million from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 20.84% during the forecast period. Metal additive manufacturing refers to the production of metal components using powders, wire, or sheets through processes like laser or electron beam melting. This technology enables the creation of customized, complex products with fine details, reducing the need for tooling and minimizing waste generation. The fast-paced production process allows for the manufacture of metal prototypes and final parts with minimal requirements, making it an essential market for industries producing intricate engineering structures. Machineries used in metal additive manufacturing facilitate the transformation of digital CAD models into physical objects, driving innovation and improving existing process chains
Machineries used in metal additive manufacturing facilitate the transformation of digital CAD models into physical objects, driving innovation and improving existing process chains
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Source prnewswire