Market Size – USD 752.0 Million in 2019, Market Growth -
CAGR of 29.4%, Market Trends – A surge in demand for 3D printing
The Global 3D
Printing Metal Market is projected to reach USD 6,077.9 Million in
2027. The 3D printing metal market is experiencing an exponential growth rate
attributable to the increasing use of metals such as nickel, titanium, steel,
and aluminum, for 3D printing applications in end-user industries like
automotive, aerospace & defense, and medical & dental. In recent years,
investment in metal additive manufacturing has risen rapidly. The
ability of the technology to enable the production of lightweight components
through design optimization without comprising quality and performance.
The growing demand for 3D metal printing from the aerospace
& defense sectors, owing to the ability to minimize the weight of aerospace
components, as well as focus on the improvement of total performance, which is
otherwise time-consuming and costly through traditional production processes.
It is projected that the ability to print cheaper equipment on demand will be
the main driving factor for the 3D printing metal industry.
The high costs associated with metals is considered to be
the biggest impediment to global 3D printing metal market demand. The
extraction process of metals is complicated and requires high energy
consumption, leading to a price rise.
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Key players in the
market include 3D Systems Corporation, Stratasys Ltd., General Electric
Company, Materialise NV, EOS GmbH Electro Optical Systems, Carpenter Technology
Corporation, Renishaw plc, Sandvik AB, Voxeljet AG, and Proto Labs, among
others.
Further key findings
from the report suggest
- The
application of 3D printing metal in the aerospace & defense industry
is projected to grow at the fastest rate in the forecast period, due to
increased demand for highly tailored parts and lower lead time provided by
additional production.
- The
extensive application of 3D printing metal in end-use industries through
technologies such as material jetting, binder jetting, and sheet
lamination is causative of the market dominance of the powder form in
2019.
- Titanium
is used for dental & orthopedic implants and artificial Knee & hip
replacement in the medical & dental sector.
- Asia-Pacific,
led by China, is expected to grow at the highest CAGR of 32.0% in the
period 2020-2017, due to the growth of the automotive sector and
significant investments in 3D printing metal in the next years.
To identify the key
trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/3d-printing-metal-market
For the purpose of this report, Reports and Data have
segmented into the global 3D printing metal market on the basis of Product,
Form, Application, and region:
Product Outlook (Revenue: USD Billion; Volume: Million
Tons; 2017-2027)
- Nickel
- Titanium
- Steel
- Aluminum
- Others
Form Outlook (Revenue: USD Billion; Volume: Million Tons;
2017-2027)
- Filament
- Powder
Application Outlook (Revenue: USD Billion; Volume:
Million Tons; 2017-2027)
- Medical
& Dental
- Automotive
- Aerospace
& Defense
- Others
Regional Outlook (Revenue: USD Billion; Volume: Million
Tons; 2017-2027)
- North
America
- Europe
- Asia Pacific
- Latin
America
- MEA
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