Data Bridge Market Research analyses that the 3D printing metals market will witness a CAGR of 30.77% for the forecast period of 2021-2028. Rise in the demand for 3D printing metals by the various end user verticals such as healthcare, automotive and other industries and physical attributes of 3D printing metals such as low manufacturing cost, and reduction in lead times are the two major factors attributable to the growth of the 3D printing metals market. This signifies that the global 3D printing metals market value would stand tall by USD 8,464.700 million by the year 2028.
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3D printing technology has apparently widened to scope of opportunities in metallurgy or metal industry. 3D printing technology is the technology that is used to manufacture a three dimensional solid object by adding subsequent layers. 3D printing technology has enabled the manufacturers to build complex structures which would have not been possible with conventional manufacturing techniques. 3D printing is a faster manufacturing process than conventional manufacturing process.
Rising penetration of 3D printing metals coupled with a wide range of benefits provided by them is one of the major factors fostering the growth of the 3D printing metals market. Large scale application of 3D printing metals in several high-temperature engineering applications will further induce growth in the 3D printing metals market value. Rising adoption of additive manufacturing technology will also create lucrative market growth opportunities.
However, high costs of metals and 3D printers coupled with fluctuations in the prices of raw materials will pose a major challenge to the 3D printing metals market growth.
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This 3D printing metals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on 3D printing metals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global 3D Printing Metals Market Scope and Market Size
The 3D printing metals market is segmented on the basis of form, material type, technology and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of form, the 3D printing metals market is segmented into powdered form and filament form.
On the basis of material type, the 3D printing metals market is segmented into titanium, nickel, stainless steel, aluminium and others. Others segment is sub-segmented into cobalt-chrome, copper, silver, gold, and bronze.
On the basis of technology, the 3D printing metals market is segmented into powder bed fusion, directed energy deposition, binder jetting, metal extrusion and others. Others segment is sub-segmented into digital light projector, multi-jet fusion, and material jetting.
On the basis of end user industry, the 3D printing metals market is segmented into automotive, aerospace and defense, medical and dental, consumer goods, construction and others. Others segment is sub-segmented into marine, art and sculpture, jewellery, and architecture.
Global 3D Printing Metals Market Country Level Analysis
The 3D printing metals market is analysed and market size, volume information is provided by country, form, material type, technology and end user industry as referenced above.
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The countries covered in the 3D printing metals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the 3D printing metals market owing to the presence of major key players coupled with increased focus on the technological advancements. However, it is Asia-Pacific region, which will project the highest compound annual growth rate during the forecast period owing rising industrialization and increased adoption of automated manufacturing.
The country section of the 3D printing metals market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Global 3D Printing Metals Market, By Form (Powdered Form and Filament Form), Metal Type (Titanium, Nickel, Stainless Steel, Aluminium and Others), Technology (Powder Bed Fusion, Directed Energy Deposition, Binder Jetting, Metal Extrusion and Others), End User Industry (Automotive, Aerospace and Defense, Medical and Dental, Consumer Goods and Construction and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
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