Global 3D Printing Metal Market Size & Share, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

  • TBI925459
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                              

Abstract, Snapshot, Market Analysis & Market Definition: Global 3D Printing Metal Market

The global 3D Printing Metal market size is projected to reach US$ 4013.33 million by 2026, from US$ 765.62 million in 2020, at a CAGR of 31.8% during 2021-2026. Cost-effectiveness, low waste, and greater design flexibility associated with additive manufacturing are some of the factors driving the market. Increasing demand for 3D metal printing, especially in aerospace & defense applications, is likely to boost product utilization. Manufacturers are becoming increasingly aware regarding the significant cost & weight reduction provided by 3D printers. For instance, the manufacturing industry is poised to experience an upswing in the adoption of production-grade printing machines to augment profitability, reduce lead time, and improve product quality. Reduced prices of 3D printers coupled with availability of advanced raw materials such as stainless steel powder have helped the market gain momentum in the last few years. Huge investments in research & development (R&D) activities have been facilitating manufacturing of components, especially in the aerospace sector. Furthermore, recent technological trends that denote development of advanced & better quality products such as Inconel powder are projected to benefit market growth. Rising number of applications for additive manufacturing in medical & dental, oil & gas, and educational fields among others present lucrative opportunities for product penetration. Possibility of custom manufacturing of parts through 3D printing has the potential to unlock new revenue streams in diverse applications. Therefore, the market is anticipated to witness rapid growth over the forecast period. Increasing investments in R&D activities from academic and corporate organizations are estimated to fuel the utilization of metals in additive manufacturing. However, high costs of metal powder and industrial-grade printers are expected to significantly impede the growth of the market.

Market Segmentation, Outlook & Viewpoint: Global 3D Printing Metal Market

Form Market Segmentation & Outlook (Revenue, USD Million; Volume, Tons, 2014 - 2025)

  • Powder
  • Filament

Application Market Segmentation & Outlook (Revenue, USD Million; Volume, Tons, 2014 - 2025)

  • Aerospace & defense
  • Automotive
  • Medical & dental
  • Others

Product Market Segmentation & Outlook (Revenue, USD Million; Volume, Tons, 2014 - 2025)

  • Titanium
  • Nickel
  • Steel
  • Aluminum
  • Others

Key Players, Recent Developments & Regional Insights: Global 3D Printing Metal Market

Titanium accounted for the leading revenue share of 63.0% in the market in 2017. The segment is anticipated to exhibit the highest CAGR during the forecast period. Use of titanium in the aerospace sector, owing to its high corrosion resistance and high tensile strength to density ratio, is estimated to be a major factor in supporting the growth of the segment. In terms of revenue, nickel accounted for over 15.0% of the market in 2017. Nickel and Inconel are being increasingly adopted in the aviation industry owing to their excellent strength and fatigue resistance. Nickel is highly resistant to extreme temperatures and is, thus, extensively utilized in pistons, cylinder liners, brake systems, and turbochargers for automobiles. Steel is considered to be one of the cheapest forms of metal used for 3D printing. Steel alloys that contain nickel and cobalt are highly elastic. In addition, these alloys are hard to break and are, thus, used in industrial applications. Characteristics of steel such as low cost, durability, light weight, high-temperature resistance, and shorter production time as compared to other metals are expected to increase the utilization of steel powder in many applications including automotive, military, manufacturing, construction, and jewelry.

Regional Insights

North America witnessed the highest demand and commanded approximately 35.0% of the total market volume in 2017. Innovative product launches and product promotion strategies being undertaken by manufacturers, such as ExOne GmbH, 3D Systems Corporation, and Carpenter Technology Corporation, in the region have been bolstering the growth of the market. In terms of revenue, Asia Pacific is likely to progress at the fastest CAGR of 34.1% in terms of value from 2017 to 2025 due to rapid industrialization in emerging economies across the region. Promotion of private investments by various governments is boosting the manufacturing sector, which, in turn, is poised to stir up product demand in the region. Rising investments from governments and private institutions in 3D printing are playing a pivotal role in the development of the regional market. Europe is projected to be the highest revenue contributor in the market by 2025. Flourishing aviation industry owing to low fuel cost is stimulating the demand for new aircrafts, which, in turn, can provide a fillip to the regional market. In Central & South America, rapid industrialization, supportive government regulations, and rising trend of adopting new technologies are factors anticipated to stimulate the demand for 3D printing metals. In April 2015, MakerBot partnered with Distenca to provide 3D printing solutions in order to leverage strong local presence and logistics capabilities of Distenca across the region.

3D Printing Metal Market Share Insights

The market is competitive in nature as increasing number of players are entering into the market. In the value chain of 3D printing metal powder, manufacturers are estimated to witness lucrative growth opportunities owing to rising demand for innovative and high-quality metal powders with enhanced properties. New product development through extensive research & development activities is the major strategy being adopted by companies in the market. For instance, in November 2018, 3D systems launched a new aluminum alloy material for the production of strong but lightweight parts.

Key Insights Covered: Global 3D Printing Metal Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of 3D Printing Metal industry. 2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of 3D Printing Metal industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of 3D Printing Metal industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of 3D Printing Metal industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of 3D Printing Metal industry.

Research Methodology: Global 3D Printing Metal Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology and Scope
   1.1 Research methodology
   1.2 Research scope & assumptions
   1.3 List of data sourcesChapter 2 Executive Summary
   2.1 Market snapshotChapter 3 3D Printing Metals Market Variables, Trends & Scope
   3.1 Market segmentation & scope
   3.2 3D printing metals market value chain analysis
   3.3 Raw material trend
       3.3.1 Aluminum
       3.3.2 Silver
       3.3.3 Gold
       3.3.4 Steel
       3.3.5 Titanium
           3.3.5.1 3D printing with titanium: Advantages and disadvantages
           3.3.5.2 Titanium 3D printers and technologies
|  read more...

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