Metal 3D Printer Market to Reach USD 6791.8 Million by 2028 with a CAGR of 27.9%

The metal 3D printer market size is projected to grow from USD 579.8 Million in 2018 to reach USD 6791.8 Million by 2028, at a CAGR of 27.9%.

The global Metal 3D Printer market is expected to register lucrative growth over the forecast period. This is attributed to the increasing demand for 3D metal printing as a mainstream production process in industries such as aerospace & defense and medical & dental is driving the growth of the metal 3D printer market.

Further, geometrical accuracy and high-speed manufacturing of the 3D printing technology are expected to drive the metal 3D printer market. Additionally, in the automotive industry, manufacturing of parts and components traditionally happens through selective laser melting aided by 3D CAD data.

However, the high cost of the product and expensive process due to the necessity of pure metals is anticipated to hinder the market of metal 3D printers market.

Key Highlights:

• Australian metal 3D printer manufacturer, in 2018, Aurora Labs entered a joint venture with Worley Parsons Services, a Sydney-based engineering and consulting company.

Key Market Insights from the report:        

The market report has been segmented on the basis of form, type, by end-user, and region.

• By form, the global metal 3D printer market is segmented into powder and filament. Powders accounted for the largest share in the global metal 3D printer market due to their increasing usage in aerospace & defense and automotive.  
• By type, the global metal 3D printer market is segmented into titanium, nickel, stainless steel, and aluminum. Titanium holds a dominating position in the market and is expected to dominate over the forecast period. Due to emerging interest in the healthcare industry towards titanium-based implants.
• By application, the metal 3D printer market is segmented into aerospace & Defense, Nickel, Stainless Steel, and Aluminum. In the application segment aerospace & Defense segment is dominating owing to the increased adoption of 3D printing technology and metals.
• By region, the North America linear motors market accounted for a major revenue share of the global Metal 3D Printers market and is further anticipated to maintain its dominance over the forecast period.

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Browse 70 market data tables* and 37 figures* on through 140 slides and in-depth TOC "Global Metal 3D Printers Market” By Form (Powder and Filament), By Type (Titanium, Nickel, Stainless Steel, Aluminium), By End User (Aerospace & Defence, Automotive, Medical & Dental, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)- Global forecast till 2029."

The prominent players operating in the global metal 3D printer market include Arcam AB, ExOne GMBH, 3D Systems Corporation, Materialise NV, Renishaw PLC, Hoganas AB, Voxeljet AG, Carpenter Technology Corporation, Equispheres, GKN PLC, Sandvik AB.        

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