LONDON--(BUSINESS WIRE)--The global 3D printing metal materials market size is expected to grow by USD 1.59 billion during 2020-2024, progressing at a CAGR of over 26% during the forecast period.
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The increasing demand for 3D printing in the aerospace industry is one of the major factors propelling market growth.
The increasing demand for 3D printing in the aerospace industry will be a significant factor in driving the growth of the 3D printing metal market. 3D printing is cost-effective and helps in reducing raw material wastage and the overall weight of end-products. As a result, the aerospace industry is increasingly adopting 3D printing to manufacture panels, seat trays, framework, and overhead storage compartments. 3D printing metal materials are generally used in the aerospace sector to produce aircraft engines because of their high strength and wear resistance. The low weight and high-temperature resistance of metal materials also reduce emissions and improve the overall energy efficiency of aircraft engines. Moreover, 3D printing metal materials enable the production of complex geometries and shapes without the need for direct review from humans. These factors are expected to boost the adoption of 3D printing in the aerospace sector and consequently fuel the demand for 3D printing metal materials during the forecast period.
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Global 3D Printing Metal Materials Market: Type Landscape
Titanium is one of the most commonly used materials for 3D printing applications because of its high melting point, superior strength-to-weight ratio, corrosion resistance, and high thermal conductivity. The rising demand for titanium mill products in aircraft carriers, defense equipment, and chemical processing industries will be a significant factor driving the growth of the 3D printing metal material market in this segment. Market growth in this segment will be faster than the growth of the market in the other segments.
Global 3D Printing Metal Materials Market: Geographic Landscape
North America is one of the largest markets for 3D printing metals and the region will offer several growth opportunities to market vendors during the forecast period. The rising adoption of 3D printing in end-user industries, such as aerospace and defense, automotive, and tool and mold making, will contribute to 3D printing metal market growth in this region. Over 37% of the market’s growth will originate from North America during the forecast period, and the US is a key market for 3D printing metals in the region. Market growth in this region will be faster than the growth of the market in Europe and MEA.
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Companies Covered
- 3D Systems Inc.
- BASF SE
- EOS GmbH Electro Optical Systems
- General Electric Co.
- Höganäs AB
- Markforged Inc.
- Materialise NV
- Renishaw Plc
- Sandvik AB
- The ExOne Co.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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3D Printing Metal Materials Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist in 3D printing metal materials market growth during the next five years
- Estimation of the 3D printing metal materials market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the 3D printing metal materials market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of 3D printing metal materials market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: 3D PRINTING METHODS
PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 07: MARKET SEGMENTATION BY TYPE
- Market segmentation by type
- Comparison by type
- Titanium - Market size and forecast 2019-2024
- Stainless steel - Market size and forecast 2019-2024
- Nickel - Market size and forecast 2019-2024
- Aluminum - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by type
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Medical and healthcare - Market size and forecast 2019-2024
- Automotive - Market size and forecast 2019-2024
- Aerospace and defense - Market size and forecast 2019-2024
- Tool and mold making - Market size and forecast 2019-2024
- Academic institutions - Market size and forecast 2019-2024
- Other end-users - Market size and forecast 2019-2024
- Market opportunity by end-user
PART 10: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 13: MARKET TRENDS
- Growing demand for high-performance materials
- Use of 3D printing to produce spare parts
- Emerging applications of 3D printing in medical and healthcare industries
PART 14: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 15: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- 3D Systems Inc.
- BASF SE
- EOS GmbH Electro Optical Systems
- General Electric Co.
- Höganäs AB
- Markforged Inc.
- Materialise NV
- Renishaw Plc
- Sandvik AB
- The ExOne Co.
PART 16: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 17: EXPLORE TECHNAVIO
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