Market Research Report
Global 3D Printing Metal Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||869608|
Delivery time: 2-3 business days
|Global 3D Printing Metal Market 2019-2025|
|Published: May 13, 2019||Content info:||
Global 3D Printing Metal Market Size, Share & Trends Analysis Report by Type (Titanium, Nickel, Steel, Aluminum, and Others), by Application (Aerospace & defense, Automotive, Medical & Dental, and Others), and Forecast, 2019-2025
3D printing is mainly associated with prototyping and complex designs of the metal part. Metal 3D printing is used to create complex designs to the parts that are difficult to cast or copy. With minimal material waste, designs can be made quickly while maximizing the strength of metal component. There are some factors which drive the market to grow such as rise in the demand for 3D printing and mass customization in different industries such as aerospace and defense, and healthcare industry. The mass customization of 3D printing does not affect the production cost. Huge investment in R&D activities has enabled component manufacturing, particularly in the aerospace and defense sector.
The segmentation of the global 3D printing metal market is analyzed on the basis of application and type. Selective Laser Melting (SLM) and Direct Metal Laser Sintering (DMLS) are the two processes in the production of metal additives that are part of the 3D printing category of powder bed fusion. On the basis of geography, the market is segmented into North America, Asia-Pacific, Europe and Rest of the World (RoW). North America is expected to have a significant market share for 3D printing metals. It is experiencing significant growth due to increased demand from the region's end-use industries such as aerospace & defense, medical & dental, and automotive. Strong government support for 3D printed goods over conventional goods and the presence of key producers are expected to further drive market growth in this region.
Whereas, Asia-Pacific and Europe are expected to significantly contribute to the market in the near future. Some major players in the market such as Carpenter Technology Corp., EOS GmbH Electro Optical Systems, 3D Systems Corp., TRUMPF GmbH + Co. KG, Equispheres, Inc., General Electric, Co., and Hoganas AB among various others are significantly contributing to the market growth. These companies are adopting various strategies such as product launch, merger & acquisitions, and various others to stay competitive in 3D printing metal market.
The market study of the global 3D printing metal market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
4.4 Global 3D Printing Metal Market by Type