There are various factors which are driving the market of 3D printing metal which includes increasing demand for 3D printing and rising application in aerospace and defense sector. Increasing demand for 3D metal printing is likely to boost product utilization, particularly in aerospace & defense applications. Cost and weight reduction of 3D printers have brought in awareness among the manufacturers which involved them in increasing their profits, lower the lead times, and enhance the quality of their product by utilizing manufacturing-grade printing machines. Whereas, there are some restraint for the market such as high maintenances cost and high energy consumption.
The global 3D printing metal market is segmented into type and application. On the basis of type, the market is further segmented into nickel, aluminum, titanium, steel, and others which include cobalt-chrome & precious metal. On the basis of application, the market is sub-segmented into automotive, medical & dental, aerospace & defense, and others. Titanium offers excellent resistance to rust and high strength for heavy engineering applications. It is commonly used in the aerospace & defense industry to manufacture engine parts and airframes. Due to their light weight and excellent heat resistance, titanium alloys are mainly used in the aerospace industry. Titanium is also widely used in medical implants as a biocompatible material.
There are various companies providing 3D printing metal solutions such as Carpenter Technology Corp., EOS GmbH Electro Optical Systems, 3D Systems Corp., TRUMPF GmbH + Co. KG, Equispheres, Inc., General Electric, Co., and Höganäs AB among various others. By adopting various market strategies such as product launch, merger & acquisition, and partnerships collaborations; these market players are gaining a strong position in the market. For instance, in November 2018, 3D systems launched DMP Flex 350 and DMP Factory 350, a metal 3D printing platform used for the production of critical components for industrial applications such as aerospace, healthcare, and transportation.
Research Methodology
The market study of the global 3D printing metal market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research-papers, and news blogs.
- Company websites and their product catalog.
The report is intended for government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global 3D Printing Metal Market Research and Analysis by Simulation Type
- Global 3D Printing Metal Market Research and Analysis by Application
The Report Covers
- Comprehensive research methodology of the global 3D printing metal market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global 3D printing metal market.
- Insights about market determinants which are stimulating the global 3D printing metal market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
