DUBLIN--(BUSINESS WIRE)--The "3D Printing Metals Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2022" report has been added to ResearchAndMarkets.com's offering.
The global 3D printing metals market is expected to grow at a CAGR of 26.4% during the forecast period 2016-2022 to reach a value of $691.0 million by 2022.
The Asia Pacific region has the fastest growth rate and is expected to move toward rapid adoption of 3D printing technology, which will directly boost the consumption by value, driven by Japan, China, and India. Asia Pacific is expected to contribute to the highest growth in the global 3D printing metals market.
The regional demand for 3D printing metals is consistently growing, especially in the European and North American regions. This growth is supported by lucrative, fast-growing technological industries, and the growing manufacturing market in these regions. Currently, North America is the global leader in the 3D printing metals market from the demand side. North America has the highest adoption of 3D printing technology due to higher literacy rate and the availability of skilled labor.
The US, which is the predominant region in North America, has the advantage of having most of the manufacturing and consumption markets, thus providing the maximum contribution to the 3D printing metals market in the region. Europe is not far behind North America in terms of 3D printing metal materials consumption value. From the supplier side, Europe followed by Asia Pacific are the market leaders in the 3D printing metals market. The European market is also witnessing a capital influx in 3D printing technology from Tier 1 companies, which is increasing the regional competition.
Few of the key players in the 3D printing metals market are Stratasys, 3D Systems, SABIC, DOW, HP, Materialise, Sandvik Osprey, etc.
By Material Type
- Precious Metals
- Commodity Metals
- Aerospace & Automotive
- Construction & Architecture
- Asia Pacific
- North America
- Rest of the World
- 3D Systems
- Sandvik Osprey
For more information about this report visit https://www.researchandmarkets.com/research/9rr2fq/691_mn_3d?w=4