Additive Manufacturing with Metal Powders Market Insights
Additive Manufacturing with Metal Powders Market is likely to witness an impressive CAGR of 18.0% during the forecast period. Major factors such as growing demand for low weight, easily producible and durable components manufacturing, optimistic application outlook in the automotive, aerospace, medical, and oil & gas industries are expected to fuel the growth of the additive manufacturing market during the forecast period.
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Additive Manufacturing with Metal Powders Market - Snapshot
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Growth
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18.0% for the next five years
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Major Material Type
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Wood
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Dominant Application Type
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Residential
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Region with the highest demand
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North America
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Key Players
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Ace Hardware, Century Furniture, Dedon, EMU Group S.p.A., Forever Patio, Haworth, Inc., Roda Srl, Sun Garden GmbH, The Home Depot, Inc., and Unopiu.
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Market Share Analysis
Additive Manufacturing with Metal Powders Market Share: By Manufacturing Technique Type
Based on the manufacturing technique type, the market is segmented as powder bed, blown powder, and others. Blown powder technique is expected to register high growth during the forecast periods. It can be used in both, freeform & cladding manufacturing, and is predominantly recognized as laser-based additive manufacturing, attributed to its complex chemical metallurgical nature and non-equilibrium physical properties. Blown powder includes different techniques such as direct metal deposition and laser engineering net shapes, which are used for repairing or adding volume to pre-existing metal objects and manufacturing of new objects, which in turn, enhances the demand for technology in the aerospace sector, to fuel the growth of the market during the forecast period.
Additive Manufacturing with Metal Powders Market Share: By Application Type
Based on the application type, the market is segmented as aerospace, automotive, medical, oil & gas, energy, and others. Automotive applications are estimated to cross over 240 million by the forecast period. Automotive sector uses additive manufacturing for rapid prototyping and production of auto parts owing to the decrease in emission of carbon, design freedom and lightweight & energy efficient components. Furthermore, the increase in automotive demand for improvement of the overall performance of vehicle accompanied by increase in need of light vehicles for lower carbon footprints is expected to fuel the additive manufacturing with metal powders market demand during the forecast period.
Additive Manufacturing with Metal Powders Market Share: By Region
In terms of regions, Europe is estimated to account for more than 20% share of the market during the forecast period. Directive measures taken by the EU commission on reducing vehicular weight to enhance fuel efficiency and control of carbon emission are likely to boost the growth of the additive manufacturing with metal powders market. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Some of the key players in the additive manufacturing with metal powders market are-
- 3D Systems Corporation
- Additive Industries
- Advanced Powder & Coatings, Inc.
- Aerojet Rocketdyne
- Airbus SE
- Allegheny Technologies
- APWorks
- Arcam AB.
- AS America, Inc.
- Aubert & Duval S.A.
Market Scope & Segmentation
Additive manufacturing processes are extremely specific and need different printers, powders, and processes depending upon the application. They are the industrial version for 3D printing technology, which are used to build 3D objects with the help of 3D modelling software, machine equipment and layering material, and are widely used in the production of preproduction visualization models.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Additive Manufacturing with Metal Powders Market Research Report - Features
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Market Segmentation
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4
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Regions Covered
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4
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Countries/Sub-Regions Covered
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17
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No. of Figures & Tables
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>150
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Company Profiles
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10
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The additive manufacturing with metal powders market is segmented into the following categories.
Additive Manufacturing with Metal Powders Market Size, Share, & Forecast, by Manufacturing Technique Type:
- Powder Bed
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Manufacturing Type Analysis: Direct Metal Laser Sintering, Selective Laser Melting, and Electron Beam Melting)
- Blown Powder
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Manufacturing Type Analysis: Direct Metal Deposition and Laser Engineering Net Shapes)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Additive Manufacturing with Metal Powders Market Size, Share, & Forecast, by Material Type:
- Alloy
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Material Type Analysis: Titanium, Cobalt, Copper, Nickel, and Aluminum)
- Stainless Steel
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Material Type Analysis: Austenitic Steel, Martensitic Steel, Duplex Steel, and Ferritic Steel)
- Other Steels
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Material Type Analysis: High-Speed Steel, Tool Steel, and Low Alloy Steel)
- Precious Metal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tungsten (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tungsten Carbide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Silicon Carbide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aluminum Oxide Powder (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Zirconium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Zirconium Dioxide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Molybdenum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Magnesium (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aluminum Nitride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Additive Manufacturing with Metal Powders Market Size, Share, & Forecast, by Application Type:
- Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Energy
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Application Type Analysis: Nuclear and Renewable)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Additive Manufacturing with Metal Powders Market Size, Share, & Forecast, by Region:
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the material types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
