United State- Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the 3D Printing Metals Market. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The 3D Printing Metals study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the 3D Printing Metals Market.
The global 3D printing metals market size was US$ 0.7 billion in 2021. The global 3D printing metals market is forecast to grow to US$ 10.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 29.1% during the forecast period from 2022 to 2030.
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3D printing, also known as additive manufacturing, is a revolutionary method of constructing a three-dimensional object by layering layers of printing material. This toolless process aids in the production of fully dense metallic parts with great precision in less time. Titanium alloys, aluminum, nickel, stainless steel, and copper are among the metals utilized in 3D printing.
Factors Influencing the Market
3D printing metals are widely used in the aerospace sector to manufacture lightweight aircraft. Moreover, growing spending by governments to strengthen the aerospace and defense sector will drive the growth of the global 3D printing metals market.
In the metal manufacturing industry, the introduction of 3D printing metals has set a new norm. Metal 3D printing is gaining traction due to its ability to create materials with complex geometries and a unique mix of physical and chemical properties. They have good ductility and heat resistance, and are light in weight. On the contrary, the high cost associated with 3D printing metals may limit the growth of the market.
COVID-19 Impact Analysis
The COVID-19 epidemic has had a tremendous influence on the world economy and, as a result, the 3D printing sector. In the beginning, Europe and the Asia Pacific were among the worst-affected regions in terms of COVID-19 patients worldwide. Therefore, responding to this situation, governments issued an order for the entire closure of some key cities due to the virus’s rapid spread. Manufacturers of 3D printers were affected by the overall country lockdown, which resulted in manpower shortage and a full breakdown of the country’s logistics and supply chain. As a result, it hampered the growth of the global 3D printing metals market.
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The Asia-Pacific 3D printing metals market is forecast to hold the highest market share, owing to growing investments in the construction, automotive, aerospace, and defense sectors. Furthermore, the rapidly rising manufacturing industry and the presence of significant market players in the region will contribute to the growth of the global 3D printing metals market.
Competitors in the Market
• 3D Systems Corporation
• Arcam AB,
• ExOne GmbH,
• Hoganas AB,
• Renishaw Plc,
• Carpenter Technology Corporation,
• Sandvik AB.
• Stratasys Ltd.
• Voxeljet AG
• Other Prominent Players
The global 3D printing metals market segmentation focuses on Form, Technology, Metal Type, End-Use, and Region.
By form, the 3D printing metals market is segmented as follows:
By technology, the 3D printing metal market is segmented as follows:
• Powder Bed Fusion
• Directed Energy Deposition
• Binder Jetting
• Metal Extrusion
• Others (Digital Light Projector, Multi-jet Fusion, and Material Jetting)
By metal type, the 3D printing metals market is segmented as follows:
• Stainless Steel
• Others (Cobalt-chrome, Copper, Silver, Gold, and Bronze)
By end-use industry, the 3D printing metals market is segmented as follows:
• Aerospace & Defense
• Medical & Dental
• Others (Marine, Art & Sculpture, Jewelry, and Architecture)
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By region, the 3D printing metals market is segmented as follows:
● North America
o The U.S.
o The UK
o Rest of Western Europe
o Rest of Eastern Europe
● Asia Pacific
o Australia & New Zealand
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Rest of South America
What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
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