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3d Printing Metals Market Report
3D Printing Metals Market Size, Share, Trend, Forecast, & Industry Analysis
The 3D Printing Metals Market is Segmented by Form Type (Powder, Filament), by Metal Type (Titanium, Nickel, Stainless Steel, Aluminum, Silver, Gold, and Others), by End-Use Industry Type (Aerospace & Defense, Automotive, Medical & Dental, and Others), and by Region ...
3D printing metals market is likely to witness a staggering CAGR of 26.5% during the forecast period. The major factor immensely contributing to the growth of the market for 3D printing of metals is the increasing application of these metals in aircraft engine and component manufacturing.
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3D Printing Metals Market - Snapshot |
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Growth |
26.5% for the next five years |
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Major Form Type |
Powder |
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Dominant Metal Type |
Titanium |
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Dominant End-Use Industry Type |
Aerospace & Defense |
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Region with the highest demand |
North America |
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Key Players |
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. |
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Based on the form type, the market is segmented as powder and filament. The powder form dominated the 3D printing metals market in 2019, and is expected to remain dominant during the forecast period. The extensive use of spherical powder particles as pure form of metals in additive manufacturing is driving its demand in industries, including automotive, aerospace & defense, and medical.
Based on the 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.
Based on the 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.
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 adopter 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 behind due to initial high technology cost requirement in developing countries.
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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.
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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3D Printing Metals Market Research Report - Features |
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|---|---|
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
17 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The 3D printing metals market is segmented into the following categories.
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Some of the major 3D printing metal manufacturers are
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.
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:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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 sales@stratviewresearch.com.
The 3d printing metals market is expected to witness an impressive growth of 26.5% CAGR in the foreseeable future.
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.
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