3D Printing Metals Market

3D printing metals market touched USD 563 Million in 2019 and is anticipated to reach USD 3,883 million in 2027, the market is forecasted to grow at a CAGR of 27.3% during the forecast period (2020-2027) attributed to rapid industrialization around the world.

3D Printing Metals Market Overview

3D printing is also referred as additive manufacturing which is a process of developing three dimensional solid objects from a digital file. The additive process is used to achieve a 3D printed object. In this process, an object is made by laying down successive layers of material until the required object is created. Metals constitute one of the major materials used in 3D printing.

To have an edge over the competition by knowing the market dynamics and current trends of “3D Printing Metals Market”, request for Sample Report here

Major 3D Printing Metals Market Drivers

Factors driving the growth of the global 3D printing metals market include increasing demand for 3D printed metals from Automotive, Aerospace and Defense and medical industries, rising focus of companies on shifting from rapid prototyping to adopting 3D printing technology and improvements in the living standards. Increasing investments by major corporations on research and development activities, technological advancements in 3D printing metals and strategic partnerships and collaborations between leading players, are some factors bolstering the growth of 3D Printing Metal Market size. Moreover, increasing adoption of 3D printing for designing and prototyping objects and reducing the manufacturing costs, rise in the number of Free Trade Agreements (FTAs) signed between countries and rapid urbanization, are some of the additional factors supplementing the Global 3D Printing Metals Market. 3D printing metals offer benefits such as reduced production cost, excellent corrosion resistive property, high tensile strength, and minimized material use, which are expected to generate tremendous opportunities in the market. In addition, the Government policies promoting additive manufacturing, rising disposable incomes, and growing population growth rates, are further pushing the 3D Printing Metals Market Share. For instance, the Government of India’s launched National Strategy for Additive Manufacturing Policy focuses on increasing India’ share in Global Additive Manufacturing to 5% adding 100 new startups in the additive manufacturing ecosystem and training at least 1 lakh new skilled workers, which will accelerate the market growth in India in the coming few years. However, the products printed using 3D printers are expensive, which might hamper the 3D printing Metals Market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Form: Segment Analysis

Based on Form, Powder segment is predicted to lead the market during the forecast period. The powdered form metals are increasingly used by manufacturers because it affects the density and mechanical properties of final products and provides consistency of layers, are pushing growth of the segment.

Technology: Segment Analysis

Based on Technology, Powder Bed Fusion segment is projected to hold the highest market share over the forecast period. The ability of powder bed fusion technology to create lightweight parts through computer aided design (CAD) processes, are pushing its demand in the automotive and aerospace industries.

Metal Type: Segment Analysis

Based on Metal Type, Titanium segment is expected to dominate the market during the forecast period. Titanium based metals are increasingly used in the medical and dental industry to manufacture orthopedic and dental implants owing to its high resist features, is propelling growth of the segment.

End-Use Industry: Segment Analysis

Based on End-Use Industry, Aerospace & Defense emerged as the fastest growing segment over the forecast period attributed to growing demand for 3D printing metals for critical engineering and fabrication applications. 3D printing metals reduces overall weight of the aircrafts, saves fuel consumption, and are used to manufacture specific brackets for satellites, are some of the factors pushing the segment’s growth.

On the other hand, Automotive segment is anticipated to expand at a remarkable CAGR during the forecast period. Increasing application of 3D printing metals for making aluminum pumps, valves, cooling vents and polymer bumpers along with rising disposable incomes, are propelling segment’s growth.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional Analysis

Based on the region, North America is estimated to account for the largest share in the market in 2019. Presence of the leading players such as 3D Systems Corporation and General Electric Company and The ExOne Company, increasing demand for 3D printing metals across several industries including automotive, aerospace & defense in this region and Government support of the government for promoting the adoption of 3D printed goods are leading to an increase in demand for 3D printing metals in this region.

On Contrary, Asia-Pacific region is expected to grow at a robust CAGR over the forecast period. Rapid growth in the Automotive industry across India, China, and Japan, increasing Foreign Direct Investments (FDIs) in the healthcare sector, rapid urbanization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Top Market Players

Various notable players operating in the market, include, 3D Systems Corporation, Renishaw PLC, General Electric Company, Materialise NV, Voxeljet AG, Sandvik AB, The ExOne Company, SLM Solutions Group AG, SLM Solutions Group AG, Titomic Limited, among others.

Key Developments

• • In May 2021, 3D Systems decided to enhance its presence in Denver, Colorado to support its fast-growing healthcare solutions business, and expand industrial application development capabilities, which will strengthen company’s position as leader in the additive manufacturing solutions for applications in growing markets.
  • In November 2021 General Electric Company launched its plan to form three industry-leading, global public companies, which are focused on the growth sectors of aviation, healthcare, and energy, by creating a pure-play company at the center of precision health by early 2023, in which General Electric company plans to to retain a stake of 19.9%.
  • In September 2015, Materialise NV, a leading provider of 3D software and sophisticated 3D printing solutions, publicized that Lima Corporate will use its Knee Guide System for the new full knee replacement implants, which were released in April 2015; Lima’s Physica system.
  • Voxeljet AG, signed an agreement to form a joint venture with Suzhou Meimai Fast Manufacturing Technology Co., Ltd., to expand its footprint in the industrial 3D printing market in China and the joint venture will be controlled by the headquarter in Germany.
  • In April 2021, The ExOne Company, a global leader in industrial sand and metal 3D printers using binder jetting technology completed the acquisition of the assets of Freshmade 3D.

Segments covered in the Report:

The global 3D Printing Metals market has been segmented on the basis of Form, Technology, Metal Type, End-Use Industry and key regions. Based on Form, the market is segmented into Powder and Filament. Based on Technology, the market is segmented into Powder Bed Fusion, Directed Energy Deposition, Binder Jetting, Metal Extrusion and Others. Based on Metal Type, the market is segmented into Titanium, Nickel, Stainless Steel, Aluminum and Others. Based on End-Use Industry the market is segmented into Aerospace & Defense, Automotive, Medical & Dental and Others.

For detailed scope of the “3D Printing Metals Market” report request a Sample Copy of the report

Market Segmentation:

Global 3D Printing Metal Market by Form

• • Powder
  • Filament

Global 3D Printing Metal Market by Technology

• • Powder Bed Fusion
  • Directed Energy Deposition
  • Binder Jetting
  • Metal Extrusion
  • Others

Global 3D Printing Metal Market by Metal Type

• • Titanium
  • Nickel
  • Stainless Steel
  • Aluminum
  • Others

Global 3D Printing Metal Market by End-Use Industry

• • Aerospace & Defense
  • Automotive
  • Medical & Dental
  • Others

Global 3D Printing Metals Market by Region

• • North America 3D Printing Metal Market (Option 1: As a part of the free 25% customization)

    • By Form
    • By Technology
    • By Metal Type
    • By End-Use Industry
    • United States of America (US) Market All-Up
    • Canada Market All-Up

  • Europe 3D Printing Metal Market (Option 2: As a part of the free 25% customization)

    • By Form
    • By Technology
    • By Metal Type
    • By End-Use Industry
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific 3D Printing Metal Market (Option 3: As a part of the free 25% customization)

    • By Form
    • By Technology
    • By Metal Type
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW 3D Printing Metal Market (Option 4: As a part of the free 25% customization)

    • By Form
    • By Technology
    • By Metal Type
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the 3D Printing Metals (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3D Systems Corporation
  • Renishaw PLC
  • General Electric Company
  • Materialise NV
  • Voxeljet AG
  • Sandvik AB
  • The ExOne Company
  • SLM Solutions Group AG
  • SLM Solutions Group AG
  • Titomic Limited