Global Metal D Printer Market Overview
Metal 3D printing is in more demand as it offers a unique combination of practical and aesthetic properties to suit a variety of products, such as jewellery, functional parts, miniatures or even kitchenware. The 3D printing is also gaining popularity as the part can be serially 3D printed for mass production. Further, some parts created with metal 3D printing are so good than those manufactured by traditional methods.
Furthermore, 3D printing metal parts uses less energy and also reduces waste to a minimum. Additionally, the finished products can be lighter than 60% than machined counterparts.
However, the high cost of the product and expensive process due t necessity of pure metals is also expected to hamper the metal 3D printer market.
The global metal 3D printer market is segmented on the basis of form, type, end-user and region.
On the basis of form, the global Metal 3D Printer market is segmented into powder and filament. The powder accounted for the largest share of the market and is expected to dominate over the forecast period.
On the basis of type the market is segmented into titanium, nickel, stainless steel, and Aluminium.
Further, on basis of application, the global metal 3D printer market is segmented into Aerospace & defence, Automotive, Medical & Dental and Others. In application segment aerospace & defence industry is expected to dominate the market over the forecast period.
On the basis of region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The Metal 3D Printer market in North America accounted for highest revenue share, in 2018 and is expected to maintain its dominance over the forecast period. The presence of bigger companies that can afford 3D printing technology and early adoption of the technology is expected to propel the metal 3D printing market.
Key players operating in the global Metal 3D Printer market includes Arcam AB, ExOne GMBH, 3D Systems Corporation, Materialise NV, Renishaw PLC, Hoganas AB, Voxeljet AG, Carpenter Technology Corporation, Equispheres, GKN PLC, and Sandvik AB.
FAQs
Metal 3D Printer market accounted for US$ 579.8 Million in 2018 and is projected to register a lucrative CAGR of 27.9%
The market report has been segmented on the basis of form, by type, by end user, and region.
The Metal 3D Printer Market is driven by factors such as the increasing demand for complex and customized metal parts, advancements in metal additive manufacturing technologies, growth in aerospace and automotive applications, and the ability to produce high-precision components with reduced material waste.
High initial costs of metal 3D printing equipment, limitations in production speed compared to traditional manufacturing methods, material selection constraints, and the need for skilled operators and engineers. These factors act as potential restraints for the Metal 3D Printer Market globally.
North America, Europe, Asia-Pacific, and Latin America. The dominance of a region can vary based on factors such as industrial growth, adoption of advanced manufacturing technologies, and investments in research and development. Currently, regions like North America and Europe are prominent players in the metal 3D printing market. However, market dynamics can change, so it's essential to refer to the specific market research report for the latest insights or consult industry experts familiar with the latest market trends.
The prominent player operating in the global metal 3D printer market includes Arcam AB, ExOne GMBH, 3D Systems Corporation, Materialise NV, Renishaw PLC, Hoganas AB, Voxeljet AG, Carpenter Technology Corporation, Equispheres, GKN PLC, and Sandvik AB.