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3D Printing Metal Market to Reach US$ 11.6 Billion by 2027: Top Players Include Wipro 3D and 3D Systems Corporation

05-23-2024 12:54 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH

3D Printing Metal Market

3D Printing Metal Market

The 3D Printing Metal Market was valued at US$ 1800.2 million in 2022 and is expected to witness significant growth, with the total revenue projected to grow at a compound annual growth rate (CAGR) of 30.5%, reaching nearly US$ 11603.64 million. This growth can be attributed to several factors, including the increasing adoption of 3D printing technology in various industries such as aerospace, automotive, healthcare, and manufacturing. 3D printing metal offers several advantages, including the ability to create complex and customized parts with high precision and strength. Additionally, advancements in 3D printing technology, such as improved printing speed and cost-effectiveness, are driving market growth. The market is also benefiting from the growing demand for lightweight and durable metal components in various industries, further fueling the adoption of 3D printing metal technology.

3D Printing Metal Report Scope and Research Methodology:

The 3D Printing Metal Report provides a comprehensive analysis of the market size, trends, growth drivers, challenges, and opportunities. It covers the market segmentation based on metal type, end-use industry, application, and region. The report also includes a detailed analysis of the competitive landscape, key players, and their strategies. The research methodology involves primary and secondary research, where data is collected from industry experts, market participants, and government agencies. The report is designed to help stakeholders make informed decisions and understand the market dynamics.



Explore the intricacies of this comprehensive market analysis: https://www.maximizemarketresearch.com/market-report/3d-printing-metal-market-2018-2026/195/



What are 3D Printing Metal Dynamics:

The dynamics driving the 3D Printing Metal Market include increased investment in 3D printing companies, leading to technological advancements and cost efficiencies. For instance, Mantle Inc. raised USD 25 million to develop commercial 3D printing equipment, demonstrating the industry's commitment to innovation. Mantle's TrueShape 3D printing technology has significantly reduced production costs and improved lead times, making it a competitive player in the market. Additionally, in the dental sector, 3D printing technology, or Additive Manufacturing (AM), is revolutionizing the production of dental products like partial dentures, crowns, and bridges. AM technology addresses the inefficiencies of traditional manufacturing methods, particularly for low-volume production, driving market growth. This trend is expected to continue driving the global market throughout the forecast period from 2022 to 2029.



Request a complimentary sample copy or access the summary of the report: https://www.maximizemarketresearch.com/request-sample/195



3D Printing Metal Regional Insights:

Europe is poised to dominate the Global 3D Printing Metal Market throughout the forecast period from 2022 to 2029, holding the largest market share, projected to be xx% by 2029. Countries such as the United Kingdom, Germany, France, the Netherlands, Spain, and Italy are leading the regional market, especially in the healthcare and aerospace sectors, for end parts production using 3D printing. These nations have developed national strategies for additive manufacturing as part of their Industry 4.0 and advanced manufacturing objectives.

Companies like Attenborough Dental and Renishaw are leveraging 3D printing for crowns and bridges, while Bowman International is using it for bearing cages, and GKN for automotive and aerospace components. However, a large portion of the UK industry has yet to fully adopt metal additive manufacturing technology, indicating substantial market growth potential. These factors collectively contribute to the growth of the European region in the Global 3D Printing Metal Market during the forecast period from 2022 to 2029.



Submit your request for a free inquiry report today: https://www.maximizemarketresearch.com/inquiry-before-buying/195



What is 3D Printing Metal Segmentation:

by Form

Powder
Filament

by Technology

Powder Bed Fusion
Directed Energy Deposition
Binder Jetting
Metal Extrusion
Others

by Metal Type

Titanium
Nickel
Stainless Steel
Aluminum
Others

by End-Use Industry

Aerospace & Defense
Automotive
Medical & Dental
Others

3D printing metal, also known as additive manufacturing, offers a versatile approach to creating complex metal parts and components. This technology is segmented by form, including powder and filament. Powder-based 3D printing involves layering and fusing metal powder to create parts, while filament-based printing uses metal-infused filaments melted and extruded through a nozzle.

In terms of technology, 3D metal printing encompasses several methods, such as powder bed fusion, directed energy deposition, binder jetting, metal extrusion, and others. Each method has its advantages and is chosen based on the specific requirements of the application. For instance, powder bed fusion, including techniques like selective laser melting (SLM) and electron beam melting (EBM), is commonly used for its high precision and ability to produce complex geometries.

The choice of metal type is critical and varies based on the application. Common metals used in 3D printing include titanium, nickel, stainless steel, aluminum, and others. Each metal offers unique properties such as strength, corrosion resistance, and lightweight characteristics, making them suitable for different applications.

The end-use industries for 3D printing metal are diverse, with aerospace and defense being prominent users due to the technology's ability to create lightweight yet strong components. The automotive sector utilizes 3D printing for rapid prototyping and customized parts. Medical and dental fields benefit from the customization and precision of 3D-printed implants and prosthetics. Other industries, such as electronics and consumer goods, are also exploring the potential of 3D printing metal for their specific needs.



Request a customized report tailored to your specific requirements: https://www.maximizemarketresearch.com/request-sample/195



Who are 3D Printing Metal Key Players:

1. Wipro 3D
2. 3D Systems Corporation
3. Renishaw PLC
4. Stratasys LTD.
5. General Electric Company
6. Carpenter Technology Corporation
7. Materialise NV
8. Voxeljet AG
9. Sandvik AB
10. EOS GmbH Electro Optical Systems
11. The ExOne Company
12. SLM Solutions Group AG
13. Proto Labs, Inc.
14. Titomic Limited
15. Hoganas AB
16. Markforged, Inc.

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