3D Printing Metals Market Size Worth $2.58 Billion By 2025 | CAGR: 28.4%
Published Date : 16 / 04 / 18 | Report Format: PDF
The global 3D printing metals market is expected to grow at growth rate of 28.4% to reach USD 2.58 billion by 2025.
Over the last couple of years, 3D printing technology has become very popular and is poised for an impressive CAGR over the forecast period. Today, the metal material is the fastest growing segment of 3D printing technique. The emergence of new technologies is transforming the landscape of this industry. For instance, in February 2018, Stratasys launched new metal 3D printing platform which provides an effective solution for short-run production applications for industries such as defense, machining, and automotive. This platform is developed based on the company’s proprietary jetting technology and thus offers high part quality and competitive costing. Such introductions would, in turn, develop a healthy platform for the industry to grow strongly. However, the high cost is expected to hamper the growth to some extent.
- Among the different products, Nickel is projected to grow with the highest growth rate over the forecast period. Whereas, titanium products accounted for the largest share.
- In 2017, powders recorded the largest share (over 90%) owing to the introduction of novel products coupled with its associated benefits
- In terms of application, aerospace application captured the largest share and is projected to dominate the market over the future period.
- Key players such as Materialise, ExOne GmbH, Arcam AB, Renishaw, and Optomec, Inc. are operating in this industry
- The industry is fragmented in nature, characterized by the presence of a large number of small-scale and large-scale Industry rivalry among these players are high and companies are actively engaged in developing new products to capture significant market share.
KEY BENEFITS OF THE REPORT:
- In-depth analysis of the key market dynamics
- Granular analysis of the current market scenario and expected factors to affect the market
- Detailed analysis of the geographic region, regional and county wise analysis
- Highlight on the strategies that are being adopted by the key players in this market to stay competitive
- Extensive analysis of the key players dominating the market
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
MARKET, BY TYPE
MARKET, BY APPLICATION
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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