Metal 3D Printer Market By Type (Powder Bed, Powder Directed Energy Deposition, Wire Directed Energy Deposition) By Application (Medical, Aerospace & Defense, Automotive, Fashion & Aesthetics) and Region - Global Forecast 2026
22nd August 2018
find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global metal 3D printer market is estimated to value US$ 0.8 Bn in 2017, and is projected to register a CAGR of 24.7 % in terms of value over the forecast period. The report offers in-depth insights, revenue details, and other vital information regarding the global metal 3D printer market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report includes PEST analysis, Porter’s Five Forces analysis, and opportunity map analysis for in-depth understanding of the market. The report offers insightful and detailed information regarding the various key players operating in the global metal 3D printer market, their financials, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint. The global metal 3D printer market is segmented on the basis of product type, application, and region/country.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Metal 3D printers enable rapid prototyping and additive manufacturing, to produce three-dimensional products, using digital model data from a 3D model. As opposed to subtractive manufacturing, these printers facilitate additive manufacturing by laying down successive layers of material.
Global Metal 3D Printer Market Dynamics:
A major factor driving growth of the global metal 3D printer market is various advantages of metal 3D printer over conventional manufacturing processes. A range of products of varying designs can be printed using a 3D printer and printing materials. Popularity of metal 3D printers has been increasing rapidly, as components and parts can be produced using this technology for applications in various end use industries such as aerospace & defense, automotive, healthcare, etc. Moreover, metal 3D printers eliminate waste generation and expands available design options, thereby allowing manufacturers to adapt products to use less material, incorporate improved mechanical properties, avoid assembly steps, and create new geometries.
Technological advancements towards development of advanced and compact metal 3D printers is another factor further fueling growth of the global metal 3D printer market. For instance, in April 2017, Desktop Metal Inc. launched two metal 3D printers – DM Metal Studio and the DM Production System. The company intends to make 3D printing of metal 10x cheaper, and the manufacturing process significantly faster as compared to traditional techniques.
However, industrial grade metal 3D printers are expensive, making capital expenses of using this technology very high. This is a major factor hampering growth of the global metal 3D printer market.
Rising investments in metal 3D printing technology is the trend observed in the global market, and is expected to gain traction over the forecast period. For instance, in 2016, Germany-based electrical engineering company – Siemens AG – invested US$ 23.1 Mn for opening the first manufacturing facility for mass production of metal 3D printed components in Sweden.
Analysis by Product Type:
Among the product type segments, the powder bed product type segment in the global metal 3D printer market is expected to register a CAGR of over 25% over the forecast period. It’s ability to print complex shapes with geometrical accuracy of +/- 0.05 mm is among some of the primary factors driving high adoption of powder bed type 3D metal printers.
The powder direct energy deposition segment in the global metal 3D printer market is estimated to account for revenue share of over 20% in 2017, and is expected to witness significant growth in terms of revenue in the global market over the forecast period.
Analysis by Application:
Among the application segments, the automotive segment is projected to register highest CAGR of over 26%, owing to increasing demand cost-effective manufacturing process for production of lightweight automotive parts.
The medical application segment accounts for considerable revenue share and is expected to follow the automotive segment in terms of revenue growth in the global market during the next 10 years. Increasing adoption of metal 3D printers for manufacturing medical instruments is one of the major factor driving growth of the medical segment.
Analysis by Region/Country:
The US market accounted for major revenue share in the global metal 3D printer market in terms of revenue, and is expected to continue its dominance over the forecast period. Presence of major metal 3D printer manufacturers and early adoption of this technology are major factors driving growth of the US metal 3D printer market. In addition, increasing demand from aerospace and defense industry, coupled with rising government investments are other factors further driving growth of the US metal 3D printer market. In 2017 for instance, the US was the global leader in terms of military spending, with an approximate capital outlay of US$ 610 Mn as compared to that of China, with an approximate capital outlay of US$ 228 Mn on military spending the same year.
The market in China is expected to register highest CAGR of over 24% in the global market in terms of revenue and is expected to continue its growth over the forecast period in the global metal 3D printer market. Increasing demand for metal 3D printers from various end-use industries, especially from automobile industry, is a major factor driving growth of the China market currently. Moreover, increasing government initiatives for boosting production and exports of automobiles is another factor supporting growth of the China market. According to the U.S. Department of Commerce, China is the world’s largest vehicle market with a sales volume of over 28 Mn units in 2016, with a year-on-year growth of 9% as compared to previous year.
The Europe market accounts for significant revenue share in the global market and is expected to register considerable growth in terms of revenue in the global market over the forecast period. High adoption of the product by aerospace and automotive sectors, and development of advance metal 3D printers by manufacturers in countries in this region are factors driving growth of the Europe metal 3D printer market. The market in Southeast East is expected to register considerable growth in terms of revenue in the global market over the forecast period.
Global Metal 3D Printer Market Segmentation:
Global Metal 3D Printer Market Segmentation on the basis of product type:
- Powder Bed
- Powder Directed Energy Deposition
- Wire Directed Energy Deposition
Global Metal 3D Printer Market Segmentation on the basis of application:
- Aerospace & Defense
- Fashion & Aesthetics
- Others (tooling, industrial heat exchangers, and handling devices & robotic systems)
Global Metal 3D Printer Market Segmentation on the basis of region/country:
- Southeast Asia
- EOS GmbH
- General Electric Company
- SLM Solutions Group AG
- 3D Systems Corporation
- Arcam AB
- Renishaw plc.
- DMG MORI AKTIENGESELLSCHAFT
- The ExOne Company
- Wuhan Binhu Mechanical & Electrical Co., Ltd.
- Xi‘an Bright Laser Technologies Co., Ltd. (BLT)
- Wuhan Huake 3D Technology Co. Ltd.
- Optomec, Inc.
1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Product Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region/Country
- 2.2.4 Prudour Opportunity Map Analysis
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