3D printing is amongst the recent printing technologies that have made impact and disrupting a number of marketplaces. This technique is used to develop 3D objects by stacking multiple 2D layers of the desired magnitude. Different materials like plastics, rubbers, and metals are used to print the 3D objects according to the requirements. Following that, a 3D printer is fed with metal powders and the dimensions of the desired object in the computer, which is programmed in such a way that it adds several layers of metal one over the other in order to print the object.
The usage of metals in 3D printing has propelled its demand in the past decade, finding application across diverse industries. According to a recent market research report from IndustryARC, the global 3D metal printing market will remain profitable during the forecast period of 2018 to 2023.
3D Printing Metals Market: Key Drivers & Disruptive Trends:
The utmost need to reduce the wastage of raw materials is one key growth drivers of this market. 3D printing process has reduced the efforts of producing complex 3D objects. Aerospace, defense, and automotive industries are extensively using this technology for the production of spare parts. Properties such as resistance to corrosion, high accuracy, and rigidity have encouraged these industry to use this technology.
Medical industry along with electronics market are adding further impetus to the demand of this technology due to its capability to offer improved quality of the products, reduce development cost and time, and augmented profits. Going forward, the possibilities with this technology are still being explored, and thus the market for the same is anticipated to witness a rapid growth during the aforementioned forecast period.
3D Printing Metals Market: Leading Segments:
The global 3D metal printing market can be segmented into two branches in terms of form: one is powder and the other is filament. According to end-users, it can be segmented into automotive, aerospace, defense, and healthcare. Regionally, the IndustryARC report has evaluated the demand potential of North America, Europe, Asia-Pacific and RoW.
3D Printing Metals Market: Competitive Landscape:
Some of the prominent players in this market are 3D Systems Corp., Arcam AB, Voxelijet AG, and Sandvik Inc. The company 3D Systems Corp., headquartered in the U.S., has achieved efficiency to such a level that they can deliver the first prototype of the object in just 24 hours. The Swedish company, Arcam AB, is highly favored for delivering aerospace and defense equipment.
Conclusion:
The market of 3D metal printers is still at a nascent stage. However, innovations are in full force owing to the technology’s usage across several industries and there, the market for the same is projected to experience exponential growth in the near future.
What can you expect from the report?
The Data Center Cooling Systems Market Report is Prepared with the Main Agenda to Cover the following 20 points:
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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With reference to the report published by the professionals the scope of the global 3D Printing Metal Market was appreciated by US$ 334.4 million in 2017 and is projected to touch US$ 3.05 billion by 2025.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/3d-printing-metal-market/request-sample Market Synopsis of 3D Printing Metals Market: Better flexibility of design linked with the manufacturing of additive, price efficiency and low waste are some of the features motivating the 3D printing metals market.
Growing demand for 3D metal printing, particularly in the applications of Defense & Aerospace, is projected to increase the consumption of the product.
Decreased prices of 3D printers together with obtainability of innovative raw materials for example powder of stainless steel have assisted the market in increasing the push during the previous a small number of years.
Enormous funds in the activities of research & development have been easing the production of components, particularly in the sector of aerospace.
Additionally, latest technical developments that represent progress of innovative & enhanced quality products for example Inconel powder are expected to help the development of the 3D printing metal industry.
