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  • 3D Printing Metals Market Analysis | 2023-2028

    3D Printing Metals Market Analysis | 2023-2028

    3D Printing Metals Market Analysis | 2023-2028
    Report code - SRAM337 Delivery - 2 Weeks
    3D Printing Metals Market Size, Share, Trend, Forecast & Industry Analysis: 2023- See more...

    Market Insights

    The 3D Printing Metals Market was estimated at US$ 1.62 billion in 2022 and is expected to grow at a healthy CAGR of 31% during 2023-2028 to reach US$ 8.3 billion by 2028.

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    What are 3D Printing Metals?

    3D Printing Metals are used in additive manufacturing technology where these metals are used to create a three-dimensional structure by adding successive layers one after another until the final object has been formed. Metals are among the major materials in 3D printing (or additive manufacturing). Titanium, nickel, aluminum, stainless steel, etc. are the major metals used in 3D printing. The 3D printing metals market is at a nascent stage with prototyping as its major application.

    Market Dynamics

    The 3D Printing Metals industry has experienced remarkable growth and transformation in recent years. This revolutionary manufacturing technique has reshaped metal production, enabling the creation of intricate and customized parts with efficiency and precision. It has found applications in aerospace, automotive, healthcare, and consumer goods.

    The demand for lightweight yet robust metal components in the aerospace and automotive industries has driven market expansion. 3D printing allows for the fabrication of lightweight parts, improving fuel efficiency and performance.

    In the healthcare sector, 3D printing metals have been adopted for personalized healthcare solutions, producing patient-specific implants and medical devices. The technology offers faster production, reduced waste, and improved biocompatibility.

    Advancements in 3D printing technologies and materials have expanded the range of printable metals. The market now includes aluminum, nickel, cobalt, and copper alloys, in addition to titanium and stainless steel.

    In summary, the 3D printing metals industry has evolved due to the demand for lightweight components, personalized healthcare solutions, and advancements in technologies and materials. Its impact will continue to expand across industries as it unlocks new possibilities.

    Segments Analysis

    3D-Printing-Metals-Market-Dominant-Segments

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    By Form Type

    The market is segmented into powder and filament. The powder form dominated the 3D printing metals market and is expected to remain dominant during the forecast period. The extensive use of spherical powder particles as pure forms of metals in additive manufacturing is driving its demand in industries, including automotive, aerospace & defense, and medical.

    By Metal Type

    The 3D printing metals market is segmented as titanium, aluminum, nickel, stainless steel, silver, gold, and others. Titanium dominates the market, owing to its properties such as lightweight, high tensile strength, and superior heat resistance. Due to its high strength and biocompatibility, titanium is the preferred material for aerospace engine components and orthopedic & dental implants.

    By End-Use Industry Type

    The market is segmented as aerospace & defense, automotive, and medical & dental. Aerospace & defense accounted for the largest share of the market and is expected to witness the highest growth in the next five years. The increasing demand from aerospace engine component manufacturers due to 3D printing’s high precision, accuracy, and ability to print complex geometries is likely to propel the market for 3D printing of metals.

    Regional Analysis

    In terms of regions, North America is estimated to remain the largest market for 3D printing of metals during the forecast period. Being the hub for major aerospace and defense component manufacturers and early adopters of modern techniques is expected to fuel the demand for the 3D printing metals market in the region. Asia-Pacific is expected to register the highest growth in the forecast period with the surging automotive and aerospace & defense industries. The 3D printing market in Asia-Pacific is lagging due to initial high technology cost requirements in developing countries.

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    Key Players

    Some of the major 3D printing metal manufacturers are

    Research Methodology

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. 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:

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the 3D Printing Metals Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Option

    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 form types by end-use industry 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 to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The 3D Printing Metals Market is expected to grow up to US$ 8.3 billion by 2028 at a healthy CAGR of 31% during the forecast period.

    Stratasys Ltd., 3D Systems Corporation, EOS GmbH, Materialise NV, GE Additive, Renishaw plc, Voxeljet AG, Sandvik AB, and Hoganas AB, The Exone Company, and Others are among the key players in the 3d printing metals market.

    North America is expected to remain the largest market for 3d printing metals in the coming five years.

    Aerospace & defense is expected to witness the highest growth in the 3d printing metals market.

    The powder form is expected to remain dominant form type in the 3D printing metals market in the coming year.

    The increasing application of these metals in aircraft engine and component manufacturing is the major factor driving the growth of 3D printing metals market.