Global 3D Printing Metal Market is segmented into Type, Application, and Region | Forecast 2019-2026

AlliedMarket Research published a report, titled, "3D Printing MetalMarket by type (Steel, Titanium, Aluminum, Nickel and Others), Form(Powder and Filament) and End-Use (Consumer Products, Aerospace & DefenseAnd Defense, Automotive, Healthcare, And Others): Global Opportunity Analysisand Industry Forecast, 2019–2026." According to the report, the global 3Dprinting metal industry generated $147.2 million in 2018, and is estimated to reach $796.3 million by 2026, witnessing aCAGR of 23.5% from 2019 to 2026.

Prime determinants of growth

Surgein penetration of bio-based materials and technological advancements drive thegrowth of the global 3D printing metal market. However, high costs related toraw materials and techniques hinder the market growth. On the other hand,rapidly growing industries including healthcare, automotive, and aerospace& defense create new opportunities in coming years.

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The aluminum segment to maintain itsleadership status throughout the forecast period

Basedon type, the aluminum segment accounted for the largest market share in theglobal 3D printing metal market in 2019, contributing to around half of thetotal share, and is estimated to maintain its leadership status throughout theforecast period. This is due to surge in usage in automotive industry with itscharacteristics such as strength, lightweight, and precision. However, thesteel segment is estimated to grow with a CAGR of 24.2% from 2019 to 2026.

The powder segment to maintain itshighest share by 2026

Basedon form, the powder segment accounted for nearly three-fourths of the totalshare of the global 3D printing metal market in 2019, and is expected tomaintain its highest share by 2026. This is due to surge in utilization inapplications such as medical, aerospace, and rapid tooling areas. However, thefilament segment is expected to portray the highest CAGR of 24.1% from 2019 to2026, owing to increase in usage of metal, laywood, paper, and others thatavailable in the form of filaments.

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North America tomaintain its lead position during the forecast period

Basedon region, North America accounted for the largest market share,contributing to more than two-fifths of the global 3D printing metal market in2019, and is estimated to maintain its lead position during the forecastperiod. This is due to rise in application of 3D printing metal in medicalsector along with utilization for developing lightweight parts and instrumentsin the aerospace and automobile industry in the region. However, Asia-Pacific would grow atthe fastest CAGR of 24.2% from 2019 to 2026. This is owing to surgein investment by market players including Stratasys, EOS GmbH, 3D Systems, andArkema along with collaborations. 

Leading market players

·       3DSystems

·       ArcamAB

·       Autodesk,Inc.

·       StratasysLtd.

·       TheExOne Company

·       HoganasAB

·       Optomec,Inc.

·       OrganovoHoldings, Inc.

·       PonokoLimited

·       VoxeljetAG

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