3D Printing Metals Market to Propel in Coming Years Owing to Increasing Application in Various Industries

Pune, India, July 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global 3D Printing Metals Market.

Overview 

The global 3D printing metals market, during the forecast period 2023 to 2030, will register growth at a CAGR of 30%. The market for 3D printing metals is set to reach USD 6 billion by 2030. As per market analysts, the global market is anticipated to witness growth owing to the factors such as growing applications in the A&D sector as well as the growing demand in the aerospace and defence industries. However, the market will face challenges and restraints due to high cost of technology and 3D printing's viability for large-scale manufacturing during the forecast period 2023 to 2030. 

The growing demand for high-precision engine parts with complicated architectures in the market is set to play a key role in determining the growth potential during 2023 to 2030 years. Analysts have also studied the 3D printing metals market to understand potential threats and challenges the market companies could face. Although the market is poised to grow at a fast pace across material, technology, form, and applications segments, factors such as problematic commercialisation could slow down the 3D printing metals market's growth worldwide. 

Market Segmentation 

The 3D printing metals market has been segmented into material, technology, form, and applications. Based on the segment which is technology, the market is categorized on the basis of vat photopolymerization, binder jetting, material extrusion, material jetting, sheet lamination, and others. The global market for 3D printing metals is further segmented based on applications into aerospace & defense, automotive, building & construction, consumer electronics, healthcare, and others. Furthermore, the market, on the basis of material, is segmented into titanium, aluminum, Inconel, nickel, stainless steel, and others. Based on the segment which is form, the market is categorized on the basis of powder and filament.  

The global 3D printing metals market research report covers all the aspects of the market based on the segmental analysis of these material, technology, form, and applications segments. Analysts have also studied the global market's regional markets spread across many continents and countries. The material, technology, form, and applications segments along with their sub-segments have been analyzed and companies functioning in the market across these segments are profiled and analyzed based on input and feedback from market based decision makers as well as primary and secondary sources. The market research report presents analysis based information for companies functioning in the market.

Regional Overview 

The high cost considerations of the technique may hinder the market growth. The market research report suggests that companies in the market could be supported by the availability of new materials/metals for prototyping as well as growing demand for prosthetic and dental implants during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global market research report reveals that APAC, North America, and Europe regional markets will dominate the global market for 3D printing metals during the forecast period 2016 to 2023. As per market analysts, the market is set to witness tremendous growth across aerospace & defence and healthcare segments in North America which covers markets across the United States, Canada, Mexico and several other regional markets. Companies active in the 3D printing metals market are also analyzed and studied in the market research report. 

The 3D printing metals market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the market research report covers the Asia-Pacific region covering markets from India, China, Japan, Australia, and others. The market is also spread across the rest of the world. The market report covers all such regions including the Middle East, Africa, Brazil, and others. 

Competitive Landscape 

3D printing metals have seen increased demand over the years, due to growing exploration of untapped markets and expanded scope of 3D metal printing for scientific applications. Companies functioning in the global market are also being challenged due to unfavorable policies and high equipment cost. Mergers and acquisitions by market companies are anticipated to help the market during the forecast period 2016 to 2023. As the market is set to register a high CAGR of 28.12% and is also anticipated to reach a US$2.1 billion by 2023, the report highlights key areas companies need to focus on. The report suggests that the 3D printing metals market will see a healthy growth in the long run till 2023. Based on SWOT analysis and market’s analysis based on Porters’ Five Force Model presented in the market report. Mergers and acquisitions by 3D printing metals market companies are anticipated to help the market during the forecast period 2016 to 2023.  

Industry News 

Metal manufacturer Desktop Metal has stepped on the 3D polymer printer business with EnvisionTEC, which comprises a mix of cash and newly released Desktop Metal shares, as a result of its recent USD 300 million takeover. EnvisTEC's legacy of producing photopolymer 3D printers for a wide variety of markets is more than double the worldwide distribution network and selling capacity for the Desktop Metal collection of metal and composite technologies that range from workplace friendly to manufacturing equipment in 68 countries.

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