3D Metal Printing Market Opportunities, Business Forecast To 2029

According to Precision Business Insights' (PBI), latest report, the market value of the 3d metal printing market size was expected to be valued at USD 6.6 billion in 2022, growing at a 11.5% CAGR from 2023 to 2029. The primary factors that drive the market are the growing 3D printing technology across the world, rising automobile parts manufacturers, and increasing demand for metal 3D printing software and metal for printing.

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The 3D Metal Printing Market is segmented based on metal type, software type, application, end-user, and geography.
Based on the metal type, the market is segmented into the following:
• Titanium
• Nickel
• Stainless Steel
• Aluminium

Based on the software type, the market is segmented into the following:
• Design software
• Inspection software
• Scanning software
• Printing software

Based on the application, the market is segmented into the following:
• Prototyping
• Functional Parts

Based on the end user, the market is segmented into the following:
• Architect and Designing
• Automobile
• Medical and Dental
• Aerospace
• Others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Stainless Steel is mostly used in the 3D Metal Printing Market:
Based on metal type, Stainless Steel holds the highest market share. The major factor for the rise of this segment is that the use of Stainless steel due to its non-corrosive nature and cost-effectiveness for using this metal eradicates other metals which are costly to use for 3D metal printing. For most 3D metal printing technology, stainless steel is a real solution as a user keeps this for a long, demand for stainless steel increases in an automobile due to the cost-benefit through which metal. These factors can drive the 3D Metal Printing Market growth.

Asia Pacific 3D Metal Printing Market:
Asia Pacific region is expected to grow significantly in the global 3D Metal Printing Market size over the forecast period. 3D metal printing needs various requirements to function, China, Japan, and India are emerging markets for the 3D metal printing Market, and an increase in the technology leads to create opportunities in the region.

Strategic New Product Launches, Mergers,
Acquisitions, and Agreements are the key strategies adopted by market players:
The 3D Metal Printing Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In September 2022, The HP Metal Jet 3D printer has been launched by HP at the 2022 International Manufacturing Technology Show (IMTS). The Metal Jet S100 will launch with stainless steel 316L and 17-4PH compatibility. In April 2022, 3D Systems announced the acquisitions of polymer extrusion 3D printing companies Titan Additive and Kumovis to expand its play in the industrial and medical markets.

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Key players' profiles in the 3d metal printing market report are 3D Systems, Inc., Arcam AB, Autodesk Inc., EOS (Electro Optical Systems) GmbH, ExOne, GE Additive, Materialise NV, Matsuura Machinery USA Inc., Optomec, Inc., Renishaw plc., and SLM Solutions

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This release was published on openPR.