Global 3D Printing Metal Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global 3D printing metal market in its upcoming report titled, “Global 3D Printing Metal Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global 3D printing metal market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global 3D printing metal market report has been segmented on the basis of form, type, end user, and region.

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3D printing metal is a metal additive used in manufacturing process for making components, spare parts, etc. 3D printing is a technology utilized for production of smaller designs and complex structures. 3D printing metal helps manufacturers in designing and developing of complex structures efficiently. In this manufacturing process, production is made layer by layer and therefore, an accuracy of a manufactured product is increased to a more significant level. This technology commonly requires metal powder which is used to produce various components and parts as per requirements of manufacturers. There are various technologically advanced 3D printing machines that are capable of manufacturing various complex structures. Use of powdered metal for manufacturing of various products enables an option for producers to use multiple types of metals and alloys in production of single product. Therefore, combination of various metals allows manufacturers to produce products that are more economical, durable, and suitable to be utilized for various commercial and industrial applications.

Availability of 3D metal printers in multiple sizes and capabilities is projected to drive growth of the market growth. Aerospace & defense and automotive industries are major end-use applications industries accountable for growth of the global 3D printing metal market. New product development and increasing number of expansions are projected to result in strong growth of the global 3D printing metal market in next five years. Key factor expected to drive growth of the target market is increasing usage in automotive industry, owing to augmented demand for automotive components in the market.

However, high cost of metal 3D printers which makes it difficult for small scale companies to adopt metal 3D printing and requirement of high purity metals, which makes this process costlier, and are major factors expected to restraint growth of the global 3D printing metal market.

North America market is anticipated to account for highest share in terms of revenue in the global 3D printing metal market, owing to its increasing application in aerospace & defense and automotive industries. Adoption rate of 3D printing metal is expected to grow at significant rate in Asia Pacific market. Demand for 3D printing metal is projected to upsurge from economics such as China and India in next ten years.

Global 3D Printing Metal Market Segmentation:

Segmentation by form:

• Powder
• Filament

Segmentation by type:

• Titanium
• Nickel
• Stainless Steel
• Aluminum

Segmentation by end user:

• Aerospace & defense
• Automotive
• Medical & dental
• Others (medical devices and consumer goods)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa