The Global 3d printing metal parts Market is projected to reach USD 6,077.9 Million in 2027. The 3d printing metal parts market is experiencing an exponential growth rate attributable to the increasing use of metals such as nickel, titanium, steel, and aluminum, for 3D printing applications in end-user industries like automotive, aerospace defense, and medical dental. In recent years, investment in metal additive manufacturing has risen rapidly. The ability of the technology to enable the production of lightweight components through design optimization without comprising quality and performance.
The growing demand for 3D metal printing from the aerospace defense sectors, owing to the ability to minimize the weight of aerospace components, as well as focus on the improvement of total performance, which is otherwise time-consuming and costly through traditional production processes. It is projected that the ability to print cheaper equipment on demand will be the main driving factor for the 3d printing metal parts industry.
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The basic objective of this report is to deliver details pertaining to the growth of this market, with respect to the rising demand from various sectors. The market report comprises an in-depth study of the current trends, growth opportunities, sectors likely to depict high growth prospects, industry drivers, and more, that would help shareholders undertake major decisions.
This report also focuses on the 3d printing metal parts Market size with respect to the volume and value – at the regional, company, and worldwide levels. Market strategies are undertaken, with regard to the current and future industry scenarios have also been enlisted in the study.
Market Overview:
Manufacturing industries are those that work with goods, materials, or substances to create new things. Physical, chemical, or mechanical transformations are possible. Manufacturers frequently have plants, mills, or factories that generate consumer items. In the production process, machines and equipment are commonly employed. Although items can be made by hand in some instances. Baked foods, homemade jewelry, and other handicrafts and art are examples of this.
Food, beverage, tobacco, textiles, apparel, leather, paper, oil and coal, plastics and rubbers, metal, equipment, computers and electronics, transportation, furniture, and others are all major manufacturing businesses.
The global 3d printing metal parts Market Industry report also delivers massive details pertaining to the information regarding the industry – these are inclusive of important facts and figures, the latest developments, and expert ideas. The study provides a complete assessment of the summary of this business sphere, is inclusive of the evaluation of the present scenario as well as the growth factors. In addition, the assessment includes details about the present market trends as well as industry growth rate, industry revenues, market projections, top companies, market revenue, industry sales, suppliers, and sales statistics.
Further key findings from the report suggest
- The application of 3d printing metal parts in the aerospace defense industry is projected to grow at the fastest rate in the forecast period, due to increased demand for highly tailored parts and lower lead time provided by additional production.
- The extensive application of 3d printing metal parts in end-use industries through technologies such as material jetting, binder jetting, and sheet lamination is causative of the market dominance of the powder form in 2019.
- Titanium is used for dental orthopedic implants and artificial Knee hip replacement in the medical dental sector.
- Asia-Pacific, led by China, is expected to grow at the highest CAGR of 32.0% in the period 2020-2017, due to the growth of the automotive sector and significant investments in 3d printing metal parts in the next years.
- In October 2018, Norsk Titanium used its latest technology, rapid plasma deposition, known to be a superior technique for the development of structural metal components that are mechanically enhanced.
Top Players in the Global 3d printing metal parts Market:
3D Systems Corporation, Stratasys Ltd., General Electric Company, Materialise NV, EOS GmbH Electro Optical Systems, Carpenter Technology Corporation, Renishaw plc, Sandvik AB, Voxeljet AG, and Proto Labs, among others.
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3d printing metal parts Market Segmentation:
Product Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Nickel
- Titanium
- Steel
- Aluminum
- Others
Form Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Filament
- Powder
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
- Medical Dental
- Automotive
- Aerospace Defense
- Others
Global 3d printing metal parts Market Report: Regional Segmentation
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global 3d printing metal parts market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global 3d printing metal parts market?
- Which regional market is expected to lead in terms of revenue share in the global 3d printing metal parts market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces market analysis?
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