12:00 | 04.08.2021
3D Printing Metal Market Size to Reach USD 5,739.0 Million in 2027 | Increasing Application of 3D Printing Owing to Low Waste and Cost-Effective Manufacturing Processes is One of the Key Factors Driving Industry Demand, says Emergen Research

VANCOUVER, BC, Aug. 4, 2021 /PRNewswire/ — The global 3D printing metal market size [] is expected to reach USD 5,739.0 million in 2027 at a CAGR of 28.4% during the forecast period, according to the latest analysis by Emergen Research. Increasing demand for cost-effective, lightweight, and durable materials from the aerospace and defense and automotive sector has boosted the usage of 3D printing and is a key factor expected to drive market revenue growth over the forecast period. In addition, increasing flexibility of design and production, easy fabrication of intricate and lightweight components, and deployment of 3D printing metal for prototyping are some other key factors expected to drive revenue growth of the market going ahead. []Metal 3D printing enables direct manufacturing of complex end-use components, facilitates manufacturing tooling, and reduces expenditure and lead times. The technology is an efficient combination of design flexibility offered by 3D printing and robust mechanical properties of metals. 3D printing metal can boost the production of parts with a drastic reduction in costs and efforts as compared to conventional manufacturing processes, even during low- to mid-volume production runs. Lightweight and intricate components produced through 3D printing provide enhanced strength and durability to aircraft and improve fuel efficiency. More and more industries and manufacturing firms are leveraging 3D printing technologies to design and develop unique components. This trend is expected to continue going ahead and contribute to revenue growth of the market.Free sample PDF Copy of the Report available@ []However, high costs of premium metals such as titanium and increasing challenges faces by 3D printing for mass and serial production are expected to hamper market growth to a certain extent over the forecast period.Some Key Highlights in the Report:
— Powdered segment is expected to account for largest revenue share in the
global market over the forecast period owing to numerous benefits of
powdered form such as spherical morphology and high packing strength.
High-quality metal powders can be used to manufacture customized parts
for various end-use applications.
— Titanium segment revenue is expected to expand significantly over the
forecast period attributable to increasing advantages of 3D printing
titanium such as production of lightweight, durable, and
corrosion-resistant structures that can be used to maintain integrity
and boost fuel-efficiency of the aircraft. Jet engines, gas turbines,
and body structure parts are some components than can be produced by 3D
printing titanium.
— Aerospace and defense segment accounted for a 46% revenue share in the
global market in 2019 and is expected to register significant revenue
growth over the forecast period. Revenue growth of the segment can be
attributed to increasing application of 3D printing metal parts to
produce lightweight and intricate components for aircraft, to ensure
minimum wastage of metals, and substantial reduction in manufacturing
— Asia Pacific is expected to register significant revenue CAGR of 30.3%
over the forecast period owing to robust presence of key manufacturing
firms, progress of automotive sector, implementation of favorable
government regulations and policies, and increasing investment to
accelerate 3D printing R&D.
— Some major companies in the market include 3D Systems Corporation, ExOne
GmbH, Hoganas AB, Arcam AB, Materialise NV, Voxel Jet AG, GKN PLC,
Equispheres, Renishaw PLC, and Carpenter Technology Corporation, among
— In July 2021, Amace, which is a Bangalore-based subsidiary of machine
tool company Ace Micromatic Group, unveiled its first metal 3D printer
called the ALM-400. The printer has been designed for both functional
prototyping and series end-use production. The launch of this product is
expected to expand the footprint of Amace in both Indian and
international markets.
— In July 2021, metal 3D printing startup, Fabric8Labs announced it raised
USD 19.3 million in a Series A round of funding that was spearheaded by
Intel Capital. The funding will be used to boost the development of its
technology and demonstrate its ability to 3D print high-resolution
copper fragments.
— In July 2021, a globally leading firm specializing in metal 3D printers,
ExOne opened a new Metal 3D Printing Adoption Center at Germany, the
company’s headquarter in Germany. The new center offers end-to-end
engineering solutions for direct metal 3D printing inclusive of design
support, raw materials, and process, among other services.
Buy your Exclusive copy [Make Payment ]@ []For the purpose of this report, Emergen Research has segmented the global 3D printing metal market on the basis of form, metal type, technology, industry vertical, and region: Form Outlook (Revenue, USD Million; 2017-2027)
— Filament
— Powder
Metal Type Outlook (Revenue, USD Million; 2017-2027)
— Titanium
— Nickel
— Aluminum
— Stainless Steel
— Others
Technology Outlook (Revenue, USD Million; 2017-2027)
— Powder Bed Fusion
— Directed Energy Deposition
— Binder Jetting
— Metal Extrusion
— Others
Industry Vertical Outlook (Revenue, USD Million; 2017-2027)
— Aerospace & Defense
— Automotive
— Medical & Dental
— Marine
— Others
Have a look at Report Description and Table of Contents of Market Research Report@ []Regional Outlook (Revenue, USD Billion; 2017-2027)
— North America

— U.S.
— Canada
— Mexico
— Europe

— Germany
— U.K.
— France
— Italy
— Rest of Europe
— Asia Pacific

— China
— India
— Japan
— South Korea
— Rest of APAC
— Latin America

— Brazil
— Rest of LATAM
— Middle East & Africa

— Saudi Arabia
— U.A.E.
— South Africa
— Rest of MEA
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