3D Printing Metal Market - Business Research Report on Top Manufacturers (2018-2026)
Posted: Nov 03, 2018
According to a study published by Polaris Market Research, global 3D printing metals market is expected to grow from USD 454.6 million in 2017 to USD 3,069.6 million by 2026, at a CAGR of 23.6% during the forecast period.
Polaris Market Research’s new report ‘3D Printing Metal Market, [By State (Powder, Filament, and Others), By Metal Type (Titanium, Nickel, Stainless Steel, Aluminum, and Others), By End-Use (Medical, Automotive, Aerospace & Defense, and Others), By Regions (North America - U.S., Canada, Mexico; Europe - Germany, UK, France, Rest of Europe; Asia-Pacific - China, India, Japan, Rest of Asia-Pacific; Latin America - Brazil; Middle East & Africa)]: Market size & Forecast, 2017 – 2026’ indicates that the global 3D printing metals market generated USD 454.6 million in 2017 and is anticipated to grow at a CAGR of 23.6 % during the forecast period.
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3D printing (3DP) metals are used in additives manufacturing technology in which the materials are fused together to create a three-dimensional structure of layers on the substrate. This manufacturing process is a type of additive manufacturing technology and is a small part of metal industry with broader growth prospects in the near future.
3D printing metals is a part of overall 3D printing industry, that is currently an attractive market due to increased focus by major industrial companies, specialized 3D printer vendors, 3D printing service bureaus, software vendors, professional service providers, and other marketplace providers.
Rapid advancements in materials and technology have significantly driven the growth of 3D printing beyond the hype stage. Some of the primary parameters concerning the readiness to leverage it for tools, fixtures, prototyping, and even finished products include its availability of materials, quality and application speed, and executive interest in evaluating it for embedding in the existing manufacturing technologies.
3DP in the current scenario is a nascent market with prototyping as its first industrial growth sector. Product development and innovation are the other two crucial factors in tandem with the prototyping that are pursuing manufacturers to adopt 3D printing. 3DP market is anticipated to witness very high growth on account of extensive R&D and researchers coming up with advanced metals and economical softwares.
Aerospace & defence industry is at the forefront for driving the global 3DP metals market. This technology results in lighter, faster, less wasteful, and high yields as compared to the traditional materials and technologies. Moreover, high value production is a typical scenario for different requirements of this industry, thud 3DP metals manufacturing is a particular appeal to small, medium-sized, and big conglomerates alike.
One of the most interesting aspects for the 3DP metal industry includes an appealing scenario for both the suppliers and operators. Reduction in the transportation costs, potential to use analytics for the consumption of spare parts, and shortening the development and retooling process are some of the most significant aspects of this industry landscape.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global 3D Printing Metals Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Competitive Landscape and Key Vendors
North America is the largest regional market for the global 3D printing metals market. Rapidly growing manufacturing industry in the region with the presence of large market players and their early adoption of modern techniques is expected to fuel the demand for this additive manufacturing technology in the region.
3D printing metal markets is a part of global 3D printing industry, which holds an advantage of shorter value chain. The industry has already witnessed significant interests from many international manufacturing companies, whereas others are likely to enter this promising market in several ways such as 3D printing end-products or servicing 3D printer operations.
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About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
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Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.