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3D Printing Metals Market - Global Forecast to 2023: Increasing Demand from the Aerospace & Defense and Automotive Industry

Dublin, Sept. 07, 2018 (GLOBE NEWSWIRE) -- The "3D Printing Metals Market by Form, Type, End-Use Industry, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The 3D printing metals market is projected to grow from USD 590.4 million in 2018 to USD 2,089.7 million by 2023, at a CAGR of 28.8% from 2018 to 2023.

The increasing application of 3D printing in aerospace & defense industry, majorly in the manufacturing of aircraft engines and components, as well as the expiry of various technology patents, are the key factors that are expected to drive the growth of the 3D printing metals market. However, metal 3D printers are limited by the size of the products that can be printed. This limitation restrains the growth of the 3D printing metals market.

Based on end-use industry, the aerospace & defense segment accounted for the largest share of the 3D printing metals market in 2017. This segment is also projected to grow at the highest rate during the forecast period. The aerospace & defense industry has a specific requirement for lightweight & high strength components, with accurate and precise designs. Metals like stainless steel, aluminum, and titanium are used extensively in this industry as they can withstand high temperatures and are resistant to wear & tear. Therefore, the demand for high strength materials to manufacture complex geometries is the major factor driving the growth of the 3D printing metals market in the aerospace & defense end-use industry segment.

The Asia Pacific 3D printing metals market has been studied for China, Japan, India, South Korea, and the Rest of Asia Pacific. The Asia Pacific region is an emerging and lucrative market for 3D printing metals owing to industrial development and improving economic conditions. Product innovations, new research & development projects, and increasing demand from the aerospace & defense industry have fueled the growth of the market in this region. Manufacturers of metal powders and printers in North America are also expanding their business in Asia Pacific owing to increasing demand for 3D printed metal parts from the automotive and aerospace industries in the region. Additionally, there is a huge knowledge transfer taking place between developed and emerging countries through active engagements in different forums.

This research study provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by market players, such as Stratasys Ltd. (US), 3D Systems Corporation (US), EOS GmbH (Germany), Materialise NV (Belgium), GE Additive (US), Renishaw plc (UK), voxeljet AG (Germany), 3D Systems, Inc. (US), Sandvik AB (Sweden), and Hoganas AB (Sweden).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 3D Printing Metals Market, By Type
3.2 3D Printing Metals Market: End-Use Industry Share, By Region
3.3 3D Printing Metals Market, By Region

4 Premium Insights
4.1 Attractive Growth Opportunities in the 3D Printing Metals Market
4.2 3D Printing Metals Market, By End-Use Industry
4.3 3D Printing Metals Market, By Type and End-Use Industry
4.4 3D Printing Metals Market, By Country
4.5 3D Printing Metals Market: Developing vs. Developed Economies

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From the Aerospace & Defense and Automotive Industry
5.2.1.2 Mass Customization
5.2.1.3 Low Manufacturing Cost
5.2.2 Restraints
5.2.2.1 Limitation of Printer Size
5.2.3 Opportunities
5.2.3.1 Potential to Enhance Manufacturing and Supply Chain Management
5.2.4 Challenges
5.2.4.1 Limited Material Requirements of Functional Products
5.2.4.2 Limited Design Tools
5.2.4.3 High Material Cost
5.3 Porter's Five Forces Analysis

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis

7 3D Printing Metals Market, By Form
7.1 Introduction
7.2 Powder
7.3 Filament

8 3D Printing Metals Market, By Type
8.1 Introduction
8.2 Titanium
8.3 Aluminum
8.4 Nickel
8.5 Stainless Steel
8.6 Others

9 3D Printing Metals Market, By End-Use Industry
9.1 Introduction
9.2 Aerospace & Defense
9.3 Medical & Dental
9.4 Automotive
9.5 Others

10 3D Printing Metals Market, By Region

11 Competitive Landscape
11.1 Overview
11.2 Ranking of Key Market Players
11.3 Competitive Scenario
11.3.1 New Product Developments & Launches
11.3.2 Acquisitions
11.3.3 Agreements
11.3.4 Partnerships
11.3.5 Expansions
11.3.6 Investments

12 Company Profiles
12.1 Stratasys Ltd.
12.2 3D Systems Corporation
12.3 Renishaw PLC
12.4 Voxeljet AG
12.5 Sandvik AB
12.6 EOS GmbH Electro Optical Systems
12.7 Titomic Limited
12.8 Hgans AB
12.9 Materialise NV
12.1 The Exone Company
12.11 GE Additive
12.12 Carpenter Technology Corporation
12.13 Other Companies in the 3D Printing Metals Market
12.13.1 Wipro 3D
12.13.2 Proto Labs, Inc.
12.13.3 LPW Technology Ltd.
12.13.4 Incredible AM Pvt. Ltd.
12.13.5 Pollen AM Inc.
12.13.6 Trumpf GmbH + Co. KG
12.13.7 GKN PLC

For more information about this report visit https://www.researchandmarkets.com/research/69zv36/3d_printing?w=12

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                    Related Topics: Metals and Minerals, 3D Printing
                    

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