Global 3D Printing Metal Market size was valued US$ XX Bn. in 2019 and is projected to grow at a CAGR of 29.54 % over 2020-2026, to account for US$ 5.67 Bn. by 2026.
Global 3D Printing Metal Market by Metal type
Global 3D Printing Metal Market Overview:
3D printing metal is a manufacturing technology which is also called metal additive manufacturing. This technology used for the production of complex structures & smaller designs.
According to the MMR report, Global 3D Printing Metal Market is projected to grow at the highest CAGR of 29.54% to reach US$ 5.67 Bn. by 2026 thanks to the growing use of these materials in the various end-use industry like aerospace & defense and automotive. In recent years, a fast-developing application avenue is in the making of dental and medical implants. However, the global 3D printing metal market is hampered by processing difficulties for powder manufacturers, the necessity for high-grade raw materials, the high initial price of 3D printers and materials.
3D Printing Metal Supply Chain:
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Over the past decade, the global number of 3D printing metal system suppliers has increased significantly and a large variety of 3D printing metal technologies has emerged. Currently, over 130 metal additive manufacturing system suppliers are known globally. Most of them are located in the USA, Germany, and China. The USA is representing the major number of system suppliers. In China, 26 metal 3D printing system suppliers are located, followed by 24 metal 3D printing system suppliers in Germany.
Powder Form Dominated The Market in 2019 With a Share Of 83.6%.
Based on Form, the powder form segment dominated the market, with a market size of US$ XX Bn. in 2019 and to reach US$ XX Bn. by 2026, with a CAGR of 32.12%. Powders used for additive manufacturing are characterized by spherical morphology and high packing density. Carpenter Technology Company is a leading supplier of powders for additive manufacturing technology. In July 2018, the Carpenter Technology Company signed a contract with GE Additive Company to supply metal powder to GE Additive, along with further materials.
Aerospace Industry Leads in System Sales in 2019:
By Industry, the aerospace & defense segment was valued at US$ XX Bn. in 2019 and is expected to reach US$ XX Bn. by 2026 at a CAGR of 31% over the forecast period. 3D printing decreases the total mass of an aircraft thereby reducing the fuel waste. Metal 3D printing is useful to print fuel nozzles and other acute engine parts that need high accuracy and precision in the aerospace & defense industry.
Strongest Growth Expected For APAC
Geographically, Asia Pacific dominated the 3D printing metal market, with market size of US$ XX Mn. in 2019 and reach US$ XX Mn by 2026, with a CAGR of XX% thanks to the growth of the aerospace industry in this region.
The 3D printing metal market in China is expected to register the highest CAGR of over 31.23% in the global market in terms of revenue and is expected to continue its growth over 2020-2026. Growing demand for 3D printing metal from various industries, particularly from the automobile industry, is a major factor driving the growth of the China 3D printing metal market currently. Furthermore, rising government initiatives for booming production and exports of automobiles are also a major factor supporting the growth of the 3D printing metal market in China. As per the U.S. Department of Commerce, China is the world’s largest automobile market with a sales volume of above 32 million units in 2019, with a year-on-year growth of nearly 9% as compared to the previous year.
Regional 3D Printing Metal Market Growth by Industry 2020:
Global 3D Printing Metal Market by industry
Key players in 3D printing metal market have adopted various strategies to expand their global & regional presence and upsurge their market shares. Partnerships, agreements, M&A, and new product developments are some of the major strategies adopted by the global market players, to achieve growth in the 3D printing metal market. For example, In June 2019, Proto Labs, Inc. introduced improved production abilities for its 3D printing service of metals aimed at improved performance, declining manufacturing costs, and consolidated supply chains.
Stratasys Direct Manufacturing, a subsidiary of Stratasys ltd expanded its 3D printing metal production with VELO3D’s Sapphire Flow software and 3D print system In March 2019. The expansion was done to fulfill the growing demand for 3D metal products for many applications. This development helped the company meet the consumer demand for 3D printing metal products in North America.
The objective of the report is to present a comprehensive analysis of the Global 3D Printing Metal Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global 3D Printing Metal Market dynamics, structure by analyzing the market segments and projects the Global 3D Printing Metal Market size. Clear representation of competitive analysis of key players by End Use, price, financial position, Product portfolio, growth strategies, and regional presence in the Global 3D Printing Metal Market the report investor’s guide.
Scope of the Global 3D Printing Metal Market:
Global 3D Printing Metal Market by industry
Global 3D Printing Metal Market, by Region
• North America
• South America
Global 3D Printing Metal Market Key Players
• Wipro 3D
• 3D Systems Corporation
• Renishaw PLC
• Stratasys LTD.
• General Electric Company
• Carpenter Technology Corporation
• Materialise NV
• Voxeljet AG
• Sandvik AB
• EOS GmbH Electro Optical Systems
• The ExOne Company
• SLM Solutions Group AG
• Proto Labs, Inc.
• Titomic Limited
• Hoganas AB
• BASF 3D Printing Solutions GmbH
• Markforged, Inc.
• voxeljet AG
• GKN Aerospace
• Concept Laser
• Optomec, Inc
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