3D Printing Metal Market [By State (Powder, Filament, and Others); By Metal Type (Titanium, Nickel, Stainless Steel, Aluminum, and Others); By End-Use (Medical, Automotive, Aerospace & Defense, and Others); By Regions]: Market size & Forecast - 2018 – 2026
The worldwide 3D printing metal market was valued at USD 454.6 million and is estimated to grow at a CAGR of 23.6% from 2018 to 2026. 3D printing (3DP) metals are used in additives manufacturing technology in which the materials are fused together to create a three-dimensional structure of layers on the substrate. This manufacturing process is a type of additive manufacturing technology and is a small part of metal industry with broader growth prospects in the near future.
Rapid advancements in materials and technology have significantly driven the growth of 3D printing beyond the hype stage. Some of the primary parameters concerning the readiness to leverage it for tools, fixtures, prototyping, and even finished products include its availability of materials, quality and speed, and executive interest in evaluating it for embedding in the existing manufacturing technologies. The 3DP metals industry in the current scenario is a nascent market with prototyping as its first industrial growth application. Product development and innovation are the other two crucial factors in tandem with prototyping that are pursuing manufacturers to adopt 3D printing. 3DP market is anticipated to witness very high growth on account of extensive R&D and researchers coming up with advanced metals and economical software.
Global 3D printing market is majorly driven by demand from aerospace & defense and medical industry. In the aerospace & defense industry, 3D metal printing was initially geared towards tooling and prototyping applications. However, in the recent years, the technology has found success in end-part production due to factors such as reduced lead time (as compared to the conventional processes) and improved manufacturability. Technological advancements in 3D printers is another important factor supporting the growth of 3D printing metals market. Currently, the different composition of metal alloys as per the specific end-product requirements has been made possible by developments in the 3D printers. Growing number of highly active market players in the 3DP metal industry is expected to result in a very high market growth.
North America 3D Printing Metals Market Share, By End-Use Industry, 2017-2026
Powder 3D printing metals account for the larger market share due to the pure chemical composition of metals that makes them viable for precise manufacturing of products. Filament is another state of 3DP metals, where these materials are mix of polymers and metals. On the basis of metal type, the market is segmented into aluminum, titanium, nickel, and stainless steel. Titanium among these is one the most popular metal type due to its superior characteristics such as high strength, lightweight, and corrosion resistance.
The end-use segmentation of the global 3D printing metal market includes aerospace & defence industry, medical, automotive, and few others. Aerospace & defence is anticipated to be the largest & fastest growing end-use sector for the market as this end-use is propelled by new technologies and showcases the ability to bear high initial costs of the 3DP technology.
North America 3D Printing Metals Market, By Metal Type, 2017 – 2026 (USD Million)
North America is the largest regional market for the global 3D printing metals market. Rapidly growing manufacturing industry in the region with the presence of large market players and their early adoption of modern techniques is expected to fuel the demand for this additive manufacturing technology in the region.
Asia Pacific is likely to witness considerable growth over the forecast period. Growing economic development of Asian countries including China, India, South Korea, and Japan concerning the growth of manufacturing sector is supposed to be the major driver for this regional market. However, initial high technology cost is likely to be a restraint for many developing countries in APAC.
3D printing metal markets is a part of global 3D printing industry, which holds an advantage of shorter value chain. The industry has already witnessed significant interests from many international manufacturing companies, whereas others are likely to enter this promising market in several ways such as 3D printing end-products or servicing 3D printer operations.
Some of the major 3D printing metal market players include 3D Systems Corporation, Arcam AB, Materialise NV, ExOne GmbH, Hoganas AB, Renishaw Plc, Equispheres, Carpenter Technology Corporation, and Sandvik AB.
Key questions answered by the report
What is the current market size and forecasts of 3D printing metals
What is the market opportunity for 3D printing metals
How big is the market size of end-use for 3D printing metals
How much is the estimated market for 3D printing metals in North America during the forecast period
What are the companies in this market and how are they classified
What are the available opportunities and who are the top market players in this space
Table of Contents
Overview and Scope
Research goal & scope
Primary data sources
Secondary data sources
3D Printing Metals Market Insights
3D printing metals market segmentation
3D printing metals industry value chain & distribution analysis
3D printing metals raw material analysis
3D printing metals technology outlook
3D printing metals market dynamics
3D printing metals Market driver analysis
3D printing metals Market restraint/challenges analysis
3D printing metals Market opportunity analysis
Industry analysis - Porter's five force
3D printing metals market PEST analysis, 2017
3D printing metals industry trends
Competitive company ranking and market share analysis
3D Printing Metals Market Size and Forecast, By State
3D Printing Metals Market Size and Forecast by Metal Type
3D Printing Metals Market Size and Forecast by End-Use Type
Aerospace & Defence
3D Printing Metals Market Size and Forecast by Regions
Middle East & Africa
3D Systems Corporation
EOS GmbH Electro Optical Systems
The Exone Company
Market drivers and restraints
Value Chain Analysis
Key market opportunities prioritized
Latest strategic developments
Global Market size, estimates, and forecasts from 2017 - 2026
Market revenue estimates by state up to 2026
Market revenue estimates for Metal Type up to 2026
Market revenue estimates for End-Use up to 2026
Regional market size and forecast for state segments up to 2026
Regional market size and forecast for Metal Type segments up to 2026
Regional market size and forecast for End-use segments up to 2026
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