3D Metal Printing Market Global Industry Size Estimation, Supply & Demand By Key Players, End Users, Various Product Types, Growth & Forecast 2023
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3D Metal Printing Metal Market Research Report – Forecast to 2023 3D Metal Printing Metal Global Business Insights, Analysis Report and Development Trends Upto 2023
3D Metal Printing Metal Market Overview The popularity of 3D metal printing has grown over the years. When compared to the traditional manufacturing, making metal and plastic objects can be a wasteful process. The new technology reduces wastage and turns out to be efficient.
In the aerospace industry, when aircraft makers manufacture metal parts, around 80% of the material is thrown away. 3D printing metal parts uses less energy and reduces waste to a minimum. The finished 3D printed product can be up to 55% lighter compared to the traditional manufactured parts.
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Competitive Dashboard Optomec (US), EOS GmbH (Germany), 3D Systems Corporation (US), Carpenter Technology Corporation (US), Concept Laser GmbH (Germany), Sandvik AB (Sweden), Renishaw Plc (UK), Hoganas AB (Sweden), GKN PLC (UK), Voxelget AG (Germany), LPW Technology (UK), and SLM Solutions GmbH (Germany).
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3D Metal Printing Metal Market Research Report – Forecast to 2023
Industry Updates In December 2018, Siemens opened a new 3D printing facility at materials Solutions in the UK. An investment of USD 27 Mn has been made on the factory which aims to drive the industrialization of 3D printing. Key Findings 3D Printing Metal technology offers the advantages of the shorter value chain, reduction in cost and time, improved customization, and minimal waste. There is a large push for customization and personalization of manufactured products to meet the requirements of customers which presents tremendous opportunities to the global 3D printing metal market. The global 3d printing metal derives much of its growth from increasing use in the aerospace & defense industry. Utilization of 3D printing metal technology in the aerospace industry not only provides operating cost efficiencies but also facilitates production of lightweight airplane components. The healthcare industry is also a key end-use industry for 3D printing metal market. Healthcare products such as artificial hip joints and other implants demand high precision which results in heightened demand for 3d printing metal technology. Advancement in 3D printing metal technology such as direct metal laser sintering, selective metal sintering, electron beam melting, and honeycombing have opened up new avenues for the growth of the global 3d printing metal industry. The advent of the industry 4.0 business ecosystem is anticipated to promote the growth of the global 3d printing metal market.
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3D Metal Printing Metal Market Research Report – Forecast to 2023 Regional Analysis North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa (MEA) are the key markets for 3D printing metal market. North America accounts for the foremost share of the global 3D printing metal market. Technological advancements in the printing industry coupled with increasing investment in R&D activities drives the market in North America. Technological advances in the aerospace and defense industry is also a key growth factor. The aerospace & defense industry leverages 3D printing to manufacture armaments and viable ammunition components which need intricate designing. Europe is the second largest market for 3D printing metal driven by increasing funding from the automotive industry. The European Union’s Seventh Framework Programme for Research And Development is a major source of funding. Also, expanding rapid prototyping services in the region influences the growth of the market. APAC is poised to emerge as the fastest growing market for 3D printing metal. Improving economic conditions, rapid industrialization and growth of major end use industries such as automotive, medical devices, aerospace & defense are influencing the growth of the APAC market. The MEA is anticipated to emerge as a key market for 3D printing metals due to the expansion of end-use industries in the region. For instance, the recent collaboration of Siemens AG and Strata Manufacturing PJSC with Etihad Airways, the second largest airline in UAE is likely to expand the use of 3D printing metal technology in the region and provide an impetus to the growth of the market. Get Complete Report Details @ https://www.marketresearchfuture.com/reports/3d-printing-metal-market-1834
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3D Metal Printing Metal Market Research Report – Forecast to 2023
LIST OF TABLES TABLE 1 MARKET SYNOPSIS TABLE 2 LIST OF ASSUMPTIONS TABLE 3 GLOBAL 3D PRINTING METAL MARKET, BY MATERIAL, 2016‒2023 (USD MILLION) TABLE 4 GLOBAL 3D PRINTING METAL MARKET, BY MATERIAL, 2016‒2023 (TONS) TABLE 5 TITANIUM: GLOBAL 3D PRINTING METAL MARKET, BY REGION, 2016‒2023 (USD MILLION)
TABLE 6 TITANIUM: GLOBAL 3D PRINTING METAL MARKET, BY REGION, 2016‒2023 (TONS) TABLE 7 ALUMINUM: GLOBAL 3D PRINTING METAL MARKET, BY REGION, 2016‒2023 (USD MILLION) TABLE 8 ALUMINUM: GLOBAL 3D PRINTING METAL MARKET, BY REGION, 2016‒2023 (TONS) TABLE 9 STAINLESS STEEL: GLOBAL 3D PRINTING METAL MARKET, BY REGION, 2016‒2023 (USD MILLION) TABLE 10 STAINLESS STEEL: GLOBAL 3D PRINTING METAL MARKET, BY REGION, 2016‒2023 (TONS)
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