3D Printing Metal Market is Booming Worldwide | 3D Systems, Stratasys, Renishaw

The Latest Study Published by HTF MI Research on the "3D Printing Metal Market'' evaluates market size, trend and forecast to 2029. The 3D Printing Metal market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information about the competitors. Some of the Major Companies covered in this Research are 3D Systems Corporation (United States), Stratasys Ltd. (Israel), Renishaw plc (United Kingdom), General Electric Company (United States), Carpenter Technology Corporation (United States), Materialise NV (Belgium), Voxeljet AG (Germany), Sandvik AB (Sweden), EOS GmbH Electro Optical Systems (Germany), The ExOne Company (United States), Proto Labs, Inc. (United States).

3D Printing Metal additive manufacturing is a cutting-edge technique that allows for the layer-by-layer creation of complicated metal objects. Metal powders or wires are deposited using a high-energy heat source, such as a laser or electron beam, and then selectively melted and fused. This approach allows for the creation of highly accurate, structurally sound, customised metal components. The ability to make complex metal parts with shorter lead times and greater design freedom has changed traditional production procedures. It provides advantages such as reduced material waste, improved product performance, and lower manufacturing costs. In the metal 3D printing sector, a wide range of materials, including titanium, stainless steel, aluminium, nickel alloys, and cobalt-chrome, are employed. To meet the stringent requirements of various industries, top market players are continually improving post-processing procedures, printing processes, and the creation of new metal alloys.

The global 3D Printing Metal market size was valued at USD 1.2 Billion in 2023 and is expected to hit around USD 9.6 Billion by 2029, progressing with a compound annual growth rate of 25.3% from 2023 to 2029.

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Qualitative Insights from Study

Market Drivers
• The rising demand for intricate, lightweight metal parts is one of the main drivers.
• The market is also being driven by improvements in 3D printing technologies, such as increased printing speed, more precision, and a wider variety of suitable metal alloys.

Market Trend
• The combination of 3D printing technology and automated assembly procedures is one noticeable trend.
• Coding digital data into the texturing of 3D printed objects is another new trend.

Market Challenges:
• Getting uniform density in 3D printed metal objects is one of the biggest challenges.
• Other challenges with 3D printing metal include residual tension, cracking, and warping.

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Market Scope / Segment Breakdown
Global 3D Printing Metal market has been analyzed on various dimensions that includes market sizing and share analysis in dollar term as well as by volume* and price. The segments included in the market study are mentioned below which has been reviewed both qualitatively and quantitatively.

Based on the type, the market is bifurcated as Powder, Filament, and On the basis of application, the market is divided as Aerospace & Defense, Automotive, Medical & Dental, Others (Marine, Art & Sculpture, Jewelry, and Architecture).

The report covers information regarding competitive outlook including the market share and company profiles of the key participants operating in the global 3D Printing Metal market. Some of the players that are profiled in the study are 3D Systems Corporation (United States), Stratasys Ltd. (Israel), Renishaw plc (United Kingdom), General Electric Company (United States), Carpenter Technology Corporation (United States), Materialise NV (Belgium), Voxeljet AG (Germany), Sandvik AB (Sweden), EOS GmbH Electro Optical Systems (Germany), The ExOne Company (United States), Proto Labs, Inc. (United States) etc.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

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Research Objective
• To define and describe the 3D Printing Metal segmented by product & service, by application, by end-user, and by region.
• To estimate and forecast the 3D Printing Metal by value in USD Billion.
• To estimate and forecast the market size for various segments with regard to Region Name.
• To profile key players and comprehensively analyze their market position in terms of ranking and core competencies.
• To analyze the markets situation with regard to industry trends, prospects, and contribution to the total market by identifying the high-growth segments of the 3D Printing Metal and provide the competitive landscape.
• To provide industry attractiveness with help of various tools such as the Porter's five force analysis and the PESTEL analysis.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand 3D Printing Metal market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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