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3D Printing Metals Market Report involving Key Players: ExOne GmbH, Materialise, Renishaw, Arcam AB, and Optomec, Inc.
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Market Dynamics
Over the last couple of years, 3D Printing technology has become very popular and is poised for an impressive growth over the future period. Today, the metal material is the fastest growing segment of 3D printing technique. The emergence of new technologies is transforming the landscape of this industry. For instance, in February 2018, Stratasys launched new metal 3D printing platform which provides an effective solution for short-run production applications for industries such as defence, machining, and automotive. This platform is developed based on the companys proprietary jetting technology and thus offers high part quality and competitive costing. Such introductions would, in turn, develop a healthy platform for the industry to grow strongly. However, the high cost is anticipated to restrain the growth to some extent.
Product Takeaway
The market, by product, is bifurcated into Nickel, Aluminium, Titanium, Steel, and others. Types segment is categorized as Powder and Filament. Powders accounted for the largest share (over 90%) in 2017. Introduction of novel products helped this segment to capture significant revenue share. For instance, Sandvik, engineering group in metal-cutting, materials technology, and rock excavation, offers gas atomized metal powder, specially designed for 3D printing and rapid prototyping for application in medical and aerospace industries. Furthermore, availability of low-cost metal powders coupled with a range of applications of it into medical, jewelry, automotive and aerospace industry further provide a healthy platform for this segment growth.
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Application Takeaway
In terms of application, the industry is divided into Automotive, Medical, Aerospace, and others. Of this, Aerospace application captured the largest share in 2017 and is projected to dominate the market during the study period. Aerospace industry includes a range of industrial, military and commercial applications. 3D printing technology has become a driving force in minimizing the weight of aircrafts payload. For example, Stratasys Fused Deposition Modeling printers allow streamlined design and complex geometries with fewer components and reduced weight enabled by 3D printed technology.
Key Vendor Takeaway
Small-scale and large-scale companies such as ExOne GmbH, Materialise, Renishaw, Arcam AB, and Optomec, Inc. are operating in this industry. The market is fragmented in nature and the degree of competition has intensified further due to the entry of a large number of players into this market. Companies are engaged in strategic product development and mergers & acquisitions to capture large market share. For instance, in March 2018, Materialise become the first company across the globe to receive U.S. FDA approval for diagnostic 3D printed anatomical model for diagnostic purpose.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year-2014 & 2016
Base Year-2017
Estimated Year-2018
Projected Year-2025
TARGET AUDIENCE
Traders, Distributors, and Suppliers
Manufacturers
Government and Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
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The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
Nickel
Aluminium
Titanium
Steel
Others
MARKET, BY TYPE
Powder
Filament
MARKET, BY APPLICATION
Automotive
Medical
Aerospace
Others
MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America
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