Global 3D Printing Metal Market Forecast to 2027
The global 3D printing metal market is projected to be worth USD 5,739.0 Million by 2027, according to a current analysis by Emergen Research. The 3D printing metal market is observing an accelerated growth rate attributed to its increasing demand from the aerospace and defense industries. The use of 3D printing of metal parts finds usage in the production of intricate and lightweight components and structures to provide improved strength and durability to aircraft and increased fuel efficiency. GE Additive, a GE division, has been deploying 3D printing to produce Advanced Turboprop for aircraft and has achieved a reduction in engine parts from 855 to just 12. The Cessna Denali aircraft equipped with 3D-manufactured Advanced turboprops is likely to debut in 2020.
By carefully analyzing the vital commercial data and broad geographic dispersion of the business, Emergen Research created a market research study on 3D Printing Metal. The study provides comprehensive coverage of the qualitative and quantitative analysis of the market for 3D Printing Metal as well as important market statistics. The study paper offers current estimates through 2020 as well as historical data from 2017 to 2018. The profiles of both well-known and emerging industry participants in the research contain a summary of the company, its product portfolio, strategic relationships, and corporate expansion goals.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the 3D Printing Metal market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
3D Systems Corporation, ExOne GmbH, Hoganas AB, Arcam AB, Materialise NV, Voxel Jet AG, GKN PLC, Equispheres, Renishaw PLC, Carpenter Technology Corporation
Research Report on the 3D Printing Metal Market Addresses the Following Key Questions:
Who are the dominant players of the 3D Printing Metal market?
Which regional market is anticipated to have a high growth rate over the projected period?
What consumer trends and demands are expected to influence the operations of the market players in the 3D Printing Metal market?
What are the key growth drivers and restraining factors of the 3D Printing Metal market?
What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
What is the overall impact of the COVID-19 pandemic on the 3D Printing Metal market and its key segments?
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Some Key Highlights from the Report
In September 2020, ExOne announced the InnoventPro 3D printer launch, which provides two novel build sizes for 3/5 liter and printing rate, reaching 700 cc/hour for the metal, composite, and ceramic parts manufacturer.
3D printing metal filaments offer the benefits of shape fabrication and 3D printing simultaneously with two or more metal.
Nickel and nickel-based alloys substantially improve the produced parts’ strength and corrosion resistivity and offer enhanced aesthetic appeal. Automotive part manufacturers nickel alloys for engine component printing.
Binder Jetting is about ten times more cost-effective compared to 3D printing metal processes. Also, the build size achieved by this technology is much large, and the printing of parts doesn’t require any support during the process, allowing the realization of intricate designs.
The market in the Asia Pacific region is projected to grow at the fastest rate of 30.3% in the forecast period attributed to the presence of leading manufacturing firms, especially automotive firms, supportive regulations, several space launches by renowned space agencies like ISRO, and increased investments in R&D for 3D printing.
Market Segmentations of the 3D Printing Metal Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2027. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global 3D Printing Metal market on the basis of product, application, and region:
Segments Covered in this report are:
Form Outlook (Revenue, USD Billion; 2017-2027)
Filament
Powder
Metal Type Outlook (Revenue, USD Billion; 2017-2027)
Titanium
Nickel
Aluminum
Stainless Steel
Others
Technology Outlook (Revenue, USD Billion; 2017-2027)
Powder Bed Fusion
Directed Energy Deposition
Binder Jetting
Metal Extrusion
Others
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Regional Landscape section of the 3D Printing Metal report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global 3D Printing Metal Market report:
The latest report comprehensively studies the global 3D Printing Metal market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the 3D Printing Metal Market report is an exhaustive database that will help readers formulate lucrative strategies. The 3D Printing Metal Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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