Metal 3D printers enable rapid prototyping and additive manufacturing, to produce three-dimensional products, using digital model data from a 3D model. As opposed to subtractive manufacturing, these printers facilitate additive manufacturing by laying down successive layers of material. The global Metal 3D Printer Market is estimated to value US$ 0.8 Bn in 2017, and is projected to register a CAGR of 24.7 % in terms of value over the forecast period.
Global Metal 3D Printer Market Dynamics:
A major factor driving growth of the global metal 3D printer market is various advantages of metal 3D printer over conventional manufacturing processes. A range of products of varying designs can be printed using a 3D printer and printing materials. Popularity of metal 3D printers has been increasing rapidly, as components and parts can be produced using this technology for applications in various end use industries such as aerospace & defense, automotive, healthcare, etc. Moreover, metal 3D printers eliminate waste generation and expands available design options, thereby allowing manufacturers to adapt products to use less material, incorporate improved mechanical properties, avoid assembly steps, and create new geometries.
Technological advancements towards development of advanced and compact metal 3D printers is another factor further fueling growth of the global metal 3D printer market. For instance, in April 2017, Desktop Metal Inc. launched two metal 3D printers – DM Metal Studio and the DM Production System. The company intends to make 3D printing of metal 10x cheaper, and the manufacturing process significantly faster as compared to traditional techniques.
Analysis By Segmentation:
The market report has been segmented on the basis of product type, application, and region/country. The product type segment includes powder bed, powder directed energy deposition, and wire directed energy deposition. The application segment includes medical, aerospace & defense, automotive, fashion & aesthetics, and others. The regions/countries covered in the analysis are US, Europe, Japan, China, India, and Southeast Asia.
By Product Type: The powder bed segment accounted for highest revenue share contribution in 2016, as compared to other product type segments, and is expected to register highest CAGR of over 25% between 2017 and 2026.
By Application: The aerospace & defense segment accounts for highest revenue share as compared to that of other application segments. The automotive segment is expected to register highest CAGR of over 23% over the forecast period.
By Region/Country: The market in US accounted for highest revenue share in the global metal 3D printer market in 2016. The market in China is expected to register a CAGR of over 24% between 2017 and 2026.
Global Metal 3D Printer Market: Competitive Analysis
The research report on the global metal 3D printer market includes profiles of some of the major companies such as EOS GmbH, General Electric Company, SLM Solutions Group AG, 3D Systems Corporation, Arcam AB, Renishaw plc., DMG MORI AKTIENGESELLSCHAFT, The ExOne Company, Wuhan Binhu Mechanical & Electrical Co. Ltd., Xi‘an Bright Laser Technologies Co., Ltd. (BLT), Wuhan Huake 3D Technology Co. Ltd., and Optomec, Inc.
The Global Metal 3D Printer Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2017–2026 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global metal 3D printer market for 2016–2026.
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