3D Printing Metal Market: size was valued at US$ 1.03 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 32.8% through 2021 to 2027, reaching nearly US$ 7.5 Bn.
3D Printing Metal Market Overview:
To determine what is driving the industry's growth, the 3D Printing Metal Market research analysis report examines historical data as well as an emerging technology. Expert advice is also included in the report to help customers focus on their development goals and make well-informed decisions. The most important trend prospects and major drivers for 3D Printing Metal market growth are discussed in this research inquiry. The opportunities and constraints that may affect market growth are also included in the market analysis for 3D Printing Metal.
All of the data, facts, statistics, and information in this business document are supported by popular analytical methodologies such as SWOT analysis and Porter's five forces analysis. All data was collected from the annual report, mixins, and press releases.
Market growth is expected to be driven by increased investment in 3D printing companies during the forecast period. Mantle Inc., for example, has raised USD 25 million in investment to establish commercial 3D printing equipment by 2022. Mantle, Inc. is a 3D component manufacturer that has manufactured over 1 million parts for medical devices, deodorant packaging, and dishwasher parts. According to the company, their TrueShape 3D printing technology has reduced production costs by roughly 65% and improved lead times.
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COVID-19 Impact on 3D Printing Metal Market:
Our team is analyzing the influence of COVID 19 on several industry verticals and providing authenticated data to the client. This information is useful in determining market conditions. To comprehend the impact and factors of COVID 19 on the worldwide 3D Printing Metal market, consult our expert monitoring, which describes all of the influencing elements and COVID impact on each key player.
In this study, we examine all market dynamics. Positive aspects, constraints, possibilities, and difficulties are the points that are discussed in depth in the report, and all data is gathered from press releases and yearly reports. The goal of the study is to propose a patent-based strategy to find possible technology partners as a support tool for open innovation. The report also recommends a systematic search for technology partners as a first step in identifying the developing and significant businesses participating in market estimations.
3D Printing Metal Market Segmentation:
Based on the Form, the market is segmented into Powder, and Filament. Powder form segment held the largest market share of 94% in 2020 and is expected to continue its dominance during the forecast period 2021-2027. Metal powder particles have a number of important features that affect not only the additive build process but also the end component's qualities. This includes the raw material's physical and chemical properties, which must be thoroughly understood and characterised. This is expected to drive metal powder demand in the forecast period. To produce a good print of the completed product, the spherical metal particles employed in the 3D printing process must be tiny, often in the range of 15 to 75 microns. These are the key benefits that are expected to boost the growth of the Powder form segment in the global market during the forecast period 2021-2027.
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The major 3D Printing Metal Market key players:
• 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.
The market is divided into main 5 regions and they are North America (U.S., Canada), Europe (U.K., Germany, France, Italy), Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea), Latin America (Brazil, Mexico, Argentina, Chile), and MEA (Saudi Arabia, South Africa, Egypt) respectively. The MMR Company provides government regulation and pricing analysis of each and everyone that helps to understand the market situation and current competition in the market.
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