3D Printing Metals Market 2023 Size, Share, CAGR, Outlook, Competitive Landscape, Regional Analysis and Forecasts to 2030 | 3D Systems Corporation, Arcam AB, Materialise NV

Introduction
The global 3D printing metals market is experiencing significant growth due to the adoption of additive manufacturing technology. With the ability to create complex geometries and unique material properties, 3D printing metals are revolutionizing industries such as aerospace, automotive, and healthcare. The market size was valued at US$ 0.7 billion in 2021 and is projected to reach US$ 10.1 billion by 2030, with a compound annual growth rate (CAGR) of 29.1% during the forecast period from 2022 to 2030. This report provides an overview of the market, including its size, growth potential, factors influencing market growth, COVID-19 impact, regional analysis, competitors, and market segmentation.

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Market Overview
3D printing metals, also known as additive manufacturing metals, enable the construction of fully dense metallic parts with precision and efficiency. Titanium alloys, aluminum, nickel, stainless steel, and copper are among the metals used in 3D printing. The market is driven by the aerospace sector's demand for lightweight aircraft, government investments in aerospace and defense, and the unique capabilities of 3D printing metals. However, the high cost associated with this technology may hinder market growth.

Factors Influencing Market Growth
Several factors contribute to the growth of the 3D printing metals market:

Increasing adoption of 3D printing metals in the aerospace sector for lightweight aircraft manufacturing.
Government spending to strengthen the aerospace and defense industry.
Advantages of 3D printing metals, including the ability to create complex geometries and unique material properties.
Lightweight, ductile, and heat-resistant characteristics of 3D printed metal parts.
High cost associated with 3D printing metals may pose a challenge to market growth.

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COVID-19 Impact Analysis
The COVID-19 pandemic had a significant impact on the global economy, including the 3D printing sector. The lockdown measures implemented in various regions led to manpower shortages and disruptions in the supply chain and logistics. 3D printer manufacturers faced challenges due to the closure of key cities and the overall country lockdowns, which hampered the growth of the global 3D printing metals market.

Regional Analysis
The Asia-Pacific region is expected to dominate the 3D printing metals market due to investments in the construction, automotive, aerospace, and defense sectors. The region's rapid growth in the manufacturing industry and the presence of key market players contribute to its market share.

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Competitors in the Market
Key players in the global 3D printing metals market include:

3D Systems Corporation
Arcam AB
Materialise NV
ExOne GmbH
Hoganas AB
Renishaw Plc
Equispheres
Carpenter Technology Corporation
Sandvik AB
Stratasys Ltd.
Voxeljet AG
Other prominent players

Market Segmentation
The market segmentation for 3D printing metals is based on the following factors:

Form: Powder, Filament
Technology: Powder Bed Fusion, Directed Energy Deposition, Binder Jetting, Metal Extrusion, Others (Digital Light Projector, Multi-jet Fusion, and Material Jetting)
Metal Type: Titanium, Nickel, Stainless Steel, Aluminum, Others (Cobalt-chrome, Copper, Silver, Gold, and Bronze)
End-Use Industry: Aerospace & Defense, Automotive, Medical & Dental, Others (Marine, Art & Sculpture, Jewelry, and Architecture)
Region: North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Rest of Western Europe, Poland, Russia, Rest of Eastern Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, ASEAN, Rest of Asia Pacific), Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA), South America (Brazil, Argentina, Rest of South America)

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