PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279802
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1279802
Global Additive Manufacturing in Powder Metallurgy Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Additive Manufacturing in Powder Metallurgy refers to the use of 3D printing technologies to produce parts and components using metal powders. In this process, metal powder is fused together layer by layer to create a finished part or component. The major driving factors for the Global Additive Manufacturing Powder Metallurgy Market are increasing demand for metal-based parts and components and increasing use of metal in 3D printing. Moreover, investments in research and development and adoption of industry 4.0 are creating lucrative growth opportunity for the market over the forecast period 2023-2030.
The aerospace industry has been an early adopter of metal 3D printing due to its ability to produce lightweight, complex parts with high strength and durability. For example, in 2019, GE Aviation announced that it would be using metal 3D printing to produce fuel nozzles for its LEAP engines, resulting in a reduction in weight and an increase in fuel efficiency. Along with this, the defense industry has also been using metal 3D printing for the production of parts and components. For example, in 2020, the US Army announced that it had successfully 3D-printed a metal part for a Black Hawk helicopter, demonstrating the potential of metal 3D printing to improve the speed and efficiency of maintenance and repair operations. However, the high cost of Additive Manufacturing in Powder Metallurgy stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Additive Manufacturing in Powder Metallurgy Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to grow dominating in the coming years due to the presence of several major players and the adoption of new technologies. The region has a significant demand for metal-based parts and components in industries such as aerospace, automotive, and healthcare, which is expected to drive the growth of the market. Asia-Pacific is expected to grow at a fastest growthrate due to the increasing adoption of 3D printing technologies in countries such as China, Japan, and India. The region has a significant demand for metal-based parts and components in industries such as automotive, aerospace, and electronics, which is expected to drive the market growth.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Powders Production Process offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable