Overview:

The 3d printer uses laser beam to melt 20-60 micron layers of metal powder on top of each other. These printers are also known as direct metal laser sintering (DMLS) and direct metal laser melting (DMLM) and they help in acquiring high precession in working.

Market Dynamics:

Rapid technological advancement in printing technology and high demand for 3D printer from various end use industries such as aerospace and medical for high precession are major factors expected to drive the growth of global market. In addition, high demand from defense sector in order to manufacture specific brackets for satellites is another factor expected to boost the metal 3D printing market growth.

Key Trends:

Major market player’s inclination towards strategic partnership and agreements for R&D activities and innovative product offerings are key trend observed in the target market. In 2019, Renishaw plc collaborated with Sandvik Additive Manufacturing to develop and introduce new additive manufacturing (AM) materials for production applications. The material is highly advanced its new alloy compositions that can be optimized for the laser powder bed fusion (LPBF) process and superior material properties. This is expected to help the company to attract new customers and enhance the revenue share.

Regional Analysis:

For detailed understanding of market dynamics, the global metal 3D printing market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America accounted for the major revenue share in 2018, owing to rising demand from various end use industries. In addition, high government spending towards development of aerospace sector, coupled with adoption of 3D printers in order to print critical engine components, are another factor expected to boost the growth of target market.

Presence of large number of players operating in the country along with introduction of innovative solutions is another factor expected to support the growth of regional market.

Scope of the Report:

Detailed Segmentation:

Global Metal 3D Printing Market, By Form:

• Powder
• Filamentzations

Global Metal 3D Printing Market, By Product:

• Titanium
• Nickel
• Steel
• Aluminum
• Others (Cobalt-chrome, Copper, Silver, Gold, and Bronze)

Global Metal 3D Printing Market, By Application:

• Aerospace & Defense
• Automotive
• Medical & Dental
• Others (Marine, Art & Sculpture, Jewelry, and Architecture)

Key Players Covered:

Key players operating in the metal 3D printing market includes, Carpenter Technology Corporation, Renishaw PLC, Materialise NV, 3D Systems Corporation, Voxeljet AG, Arcam AB, ExOne GmbH, Sandvik AB, Hoganas AB, and GKN PLC.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Metal 3D Printing Market by form, product, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global metal 3D printing market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.