Middle East & Africa 3d Printing Metal Market Size & Outlook
Middle East & Africa 3d printing metal market, 2018-2030 (US$M)
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MEA 3d printing metal market highlights
- The MEA 3d printing metal market generated a revenue of USD 29.5 million in 2023.
- The market is expected to grow at a CAGR of 18% from 2024 to 2030.
- In terms of segment, steel was the largest revenue generating product in 2023.
- Steel is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 29.5 million |
| Market revenue in 2030 | USD 93.9 million |
| Growth rate | 18% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Steel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Titanium, Nickel, Steel, Aluminum, Other Products |
| Key market players worldwide | ExOne, Carpenter Technology Corp, Renishaw PLC, Materialise NV ADR, 3D Systems Corp, Voxeljet AG ADR, Sandvik AB, Hoganas, Melrose Industries PLC |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.5% of the global 3d printing metal market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 1,195.5 million by 2030.
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3D Printing Metal Market Scope
3D Printing Metal Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 3d printing metal 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 3d printing metal market will help companies and investors design strategic landscapes.
Steel was the largest segment with a revenue share of 34.92% in 2023. Horizon Databook has segmented the Middle East & Africa 3d printing metal market based on titanium, nickel, steel, aluminum, other products 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.
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Our clientele includes a mix of 3d printing metal market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa 3d printing metal market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa 3d printing metal market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa 3d printing metal market
Middle East & Africa 3D Printing Metal Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa 3d printing metal market
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