Press release
3D Printing Metal Market Brief Analysis By Top Key Players - Arcam AB, Materialise NV, ExOne GmbH, Hoganas AB, Renishaw Plc, Equispheres, Carpenter Technology Corporation, and Sandvik AB
3D Printing Metal Market Size
Global 3D printing metals market is expected to grow from USD 454.6 million in 2017 to USD 3,069.6 million by 2026, at a CAGR of 23.6% during the forecast period.
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Major Key Player: -
3D Systems Corporation
Arcam AB
Materialise NV
ExOne GmbH
Hoganas AB
Renishaw Plc
Equispheres
Carpenter Technology Corporation
Sandvik AB.
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.
3D printing metals is a part of overall 3D printing industry, that is currently an attractive market due to increased focus by major industrial companies, specialized 3D printer vendors, 3D printing service bureaus, software vendors, professional service providers, and other marketplace providers.
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 application speed, and executive interest in evaluating it for embedding in the existing manufacturing technologies.
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3DP in the current scenario is a nascent market with prototyping as its first industrial growth sector. Product development and innovation are the other two crucial factors in tandem with the 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 softwares.
Aerospace & defence industry is at the forefront for driving the global 3DP metals market. This technology results in lighter, faster, less wasteful, and high yields as compared to the traditional materials and technologies. Moreover, high value production is a typical scenario for different requirements of this industry, thud 3DP metals manufacturing is a particular appeal to small, medium-sized, and big conglomerates alike.
One of the most interesting aspects for the 3DP metal industry includes an appealing scenario for both the suppliers and operators. Reduction in the transportation costs, potential to use analytics for the consumption of spare parts, and shortening the development and retooling process are some of the most significant aspects of this industry landscape.
Competitive Landscape
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.
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.
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Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
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Polaris Market Research
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