3D Printing Metal Market Overview:
The market research study analyses and assesses the market's position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis.
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3D Printing Metal Market size was valued at US$ 1.36 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 32.8% through 2021 to 2029, reaching nearly US$ 13.22 Bn.
Market Scope:
Using both primary and secondary research approaches, we researched the 3D Printing Metal Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analysed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Drivers:
During the forecast period, increased investment in 3D printing businesses is anticipated to fuel market growth. For instance, Mantle Inc. has secured USD 25 million in funding to establish commercial 3D printing machinery by 2022. Over 1 million parts for medical devices, deodorant packaging, and dishwasher parts have been produced by Mantle, Inc., a manufacturer of 3D components. The company claims that their TrueShape 3D printing technology has shortened lead times and cut production costs by about 65%.
Segmentation:
The market is divided into two categories based on form: Powder and Filament. With a 94% market share in 2021, the powder form segment is anticipated to maintain its dominance from 2022 to 2029. The qualities of the finished component as well as the additive build process are both impacted by the various significant characteristics of metal powder particles. This includes the physical and chemical properties of the raw material, which must be completely comprehended and characterised. During the forecast period, this is anticipated to fuel demand for metal powder. The spherical metal particles used in the 3D printing process must be small, typically in the range of 15 to 75 microns, to produce a good print of the finished product.
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Key Players:
The report also focuses on the global main industry players in the 3D Printing Metal Market, including company biographies, product images and specs, capacity, production, price, cost, revenue, and contact information. The study examines prominent 3D Printing Metal market businesses and ranks them in the market. The following players are featured in this report:
• Wipro 3D
• 3D Systems Corporation
• Renishaw PLC
• Stratasys LTD.
• General Electric Company
• Carpenter Technology Corporation
• Materialise NV
• Voxeljet AG
• Sandvik AB
• EOS GmbH Electro Optical Systems
• The ExOne Company
• SLM Solutions Group AG
• Proto Labs, Inc.
• Titomic Limited
• Hoganas AB
• Markforged, Inc.
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Regional Analysis:
The 3D Printing Metal market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.
COVID-19 Impact Analysis on 3D Printing Metal Market:
The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.
Key Questions Answered in the 3D Printing Metal Market Report are:
- What are some of the promising growth opportunities in the global 3D Printing Metal market by product type and Region?
- Which 3D Printing Metal market segments will grow the fastest, and why?
- Which regions will develop quicker?
- What are the elements influencing 3D Printing Metal market?
- What are the 3D Printing Metal market's business risks?
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