Laser Beam Melting (LBM) 3D Printers Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 3.5 Billion by 2033 at a CAGR of 12.8% from 2026 to 2033.
The global Laser Beam Melting (LBM) 3D Printers market was valued at approximately USD 1.1 billion in 2022 and is projected to grow at a CAGR of 17.5% from 2023 to 2030. North America held the largest market share in 2022, accounting for around 35% of the total market size. The region’s dominance is driven by the increasing adoption of advanced manufacturing technologies in industries such as aerospace, automotive, and healthcare. Europe followed closely, with a market share of 30%, owing to a strong presence of key manufacturers and research initiatives. The Asia Pacific region, particularly China and Japan, is expected to witness the highest growth rate during the forecast period, driven by a surge in demand for LBM 3D printers in industries such as automotive, electronics, and medical devices, with an estimated CAGR of 19.2% from 2023 to 2030.
In terms of market size, North America is expected to remain the leading region, reaching approximately USD 500 million by 2025. Europe’s market size is anticipated to exceed USD 450 million by 2025, while the Asia Pacific market is forecasted to grow at a rapid pace, reaching a value of over USD 300 million by 2025. Latin America and the Middle East & Africa regions are also expected to experience moderate growth, with regional opportunities emerging from increased industrial automation and the expansion of 3D printing applications in diverse sectors. The overall market expansion presents numerous growth opportunities, particularly in industries that demand high precision and complex part manufacturing capabilities offered by LBM 3D printers.
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3D Systems
EOS
General Electric
HP
AddUp
DMG Mori
Markforged
Renishaw
Formlabs
Sisma
SLM Solutions
Trumpf
Aconity3D
Sharebot
Xact Metal
Velo3D
OR Laser
ADMATEC
Vader Systems
Han's Laser
ADIRA
ERMAKSAN
BeAM
XYZprinting
Dynamical 3D
HUAKE 3D
Farsoon
Zero-Tek
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Laser Beam Melting (LBM) 3D Printers Market
Aerospace
Automotive
Medical & Healthcare
Consumer Electronics
Tooling
Energy
Metals
Polymers
Ceramics
Composites
Laser Powder Bed Fusion (LPBF)
Direct Energy Deposition (DED)
Aerospace & Defense
Automotive
Healthcare
Consumer Electronics
Energy & Power
Desktop 3D Printers
Industrial 3D Printers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Laser Beam Melting (LBM) 3D Printers Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Laser Beam Melting (LBM) 3D Printers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Laser Beam Melting (LBM) 3D Printers Market, By Type
6. Global Laser Beam Melting (LBM) 3D Printers Market, By Application
7. Global Laser Beam Melting (LBM) 3D Printers Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Laser Beam Melting (LBM) 3D Printers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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