The Global Metal 3D Printing Market is projected to reach a value of over USD 2.4 billion by 2027 at a CAGR of around 25.1%.
3D printing is experiencing a potential growth across different industries because more companies are increasingly using it for more than just prototyping. It allows for the direct manufacturing of complex end-use parts and facilitates tooling for conventional manufacturing technologies, reducing costs and lead times. This technology is mainly used for fully functional prototypes, production tools, tooling such as molds and inserts, rigid housings, ductwork, spare parts, and heat exchangers and heatsinks.
Market Driver:
In past five years, the demand for mass customization and rapid prototyping is increases. Rapid prototyping is mainly used in design and development of conceptual prototypes and functional prototypes. Many manufacturers use metal 3D printing for making the functional and conceptual prototypes with faster speed, greater accuracy, and lower failure rate. In mass customization, new product introduction and new product design process takes lot of time and take numerous design samples and prototypes before a product is ready for market. By utilizing metal 3D printing technology, the design cycle is compressed, and manufacturer can produce a greater number of products with less amount of time with good quality. With the use of 3D printing, inventory and distribution cost can be reduced, and hence it will be helpful to track trends, consumer preferences in real time to enhance the marketing efforts. Hence, rising demand for mass customization and rapid prototyping is fueling the growth of metal 3D printing market during the forecast period.
Market Opportunity:
Metal and polymer are the two main types of material that are commonly used in 3D printing. Depending upon the application the materials are been selected. In 3D printing technology transforms material through heat, light, and other-directed energies. Selecting the right material comes with several factors. It can be difficult to keep track of each property needed for a part’s material and determine which material fits the profile. Application, aesthetics, function, and certification are factors considered while choosing the appropriate materials. However, metal and polymer as the only source of material that can be used for 3D printing may be challenging with increasing technological advancement. Thus, efforts are being made for improving the materials used in 3D printing in order to be compatible with advanced 3D printing technologies.
The report on the metal 3D printing market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
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Historical/Estimated/Forecasted Market Size Years |
2018-2025 |
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Base Year for Market Calculation |
2020 |
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Forecasted Period |
2019-2025 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Technology, Metals & Alloys, Software, Application, End Use Industry, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Metal 3D Printing Market, by Technology
Metal 3D Printing Market, by Metal Powders & Alloys
Metal 3D Printing Market, by Software
Metal 3D Printing Market, by Application
Metal 3D Printing Market, by End-Use Industry
Metal 3D Printing Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE METAL 3D PRINTING MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
