DUBLIN, DUBLIN -- (SBWire) -- 02/25/2021 --Global 3D Printing Metals Market:
Key Drivers
The factors driving the growth of the global 3D printing metals market include its growing applications for the manufacturing of lightweight products and its ability to decrease manufacturing costs. Additionally, the increasing research and development activities and continuous technological advancements in 3D printing metals are further boosting the market growth. There has been a significant increase in the application of 3D printing metals in various sectors such as medical, aerospace and defense, and other sectors, which is responsible for the growth in the metal 3D printing market size.
3D printing metals provide several benefits such as reduces overall production cost, excellent corrosion resistive property, high tensile strength, and other advantages, which are surging the demand of the market. As per the metal 3D Printing market research, the products printed by 3D printers have a limitation in terms of size, and the high initial cost of 3D printing materials are the major factors that will have a negative impact on the market growth.
Request for a FREE Sample Report on Global 3D Printing Metals Market
Global 3D Printing Metals Market's leading Manufacturers:
- 3D Systems Corporation
- Renishaw PLC
- General Electric Company
- Materialise NV
- Voxeljet AG
- Sandvik AB
- The ExOne Company
- SLM Solutions Group AG
- Titomic Limited
Global 3D Printing Metals Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Form Segment Drivers
Based on the form, the powder segment is anticipated to grow at a higher CAGR during the forecast period. The ability of powder form of metal to form high-density products with complex geometries is a key driver that is contributing to the growth of the segment in the market. This type of metal particle is widely available in a spherical shape and impacts the density and mechanical features of the final product.
Technology Segment Drivers
Based on the technology, the powder bed fusion segment is projected to dominate the market during the forecast period. This technology helps in producing lightweight parts and components by advanced computer-aided design (CAD) processes, which is supporting the growth of the segment over the coming years. The powder bed fusion technology is increasingly used in the automotive and aerospace sectors for the manufacturing of 3D printed metal parts with fine details and accuracy.
End Use Industry Segment Drivers
On the basis of the end use industry, the aerospace and defense industry is expected to grow at a higher CAGR during the forecast period. In the aerospace and defense sector, 3D printing is widely used to print fuel nozzles and other critical engine components that need high precision and accuracy. Moreover, the 3D printing technology decreases the overall weight of an aircraft which leads to less consumption of fuel.
Global 3D Printing Metals Market Segmentation:
Segmentation by Form:
- Powder
- Filament
Segmentation by Technology:
- Powder Bed Fusion
- Directed Energy Deposition
- Binder Jetting
- Metal Extrusion
- Others
Segmentation by Metal Type:
- Titanium
- Nickel
- Stainless Steel
- Aluminum
- Others
Segmentation by End Use Industry:
- Aerospace & Defense
- Automotive
- Medical & Dental
- Others
Segmentation by Region:
- North America
o United States of America
o Canada
- Asia Pacific
o China
o Japan
o India
o Rest of APAC
- Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
- RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
Other Related Reports
1. 3D Printing Market
2. 3D Printing Construction Market
3. Dental 3D Printing Market
4. 3D Printing Medical Devices Market
5. 3D Printed Drugs Market
6. 3D Food Printing Market
About GMI Research
GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
