$2.08 Bn 3D Printing Metals Market - Global Forecast to 2023 - ResearchAndMarkets.com
Sep. 07, 2018
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "3D Printing Metals Market by Form, Type, End-Use Industry, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The 3D printing metals market is projected to grow from USD 590.4 million in 2018 to USD 2,089.7 million by 2023, at a CAGR of 28.8% from 2018 to 2023.
The increasing application of 3D printing in aerospace & defense industry, majorly in the manufacturing of aircraft engines and components, as well as the expiry of various technology patents, are the key factors that are expected to drive the growth of the 3D printing metals market. However, metal 3D printers are limited by the size of the products that can be printed. This limitation restrains the growth of the 3D printing metals market.
Based on end-use industry, the aerospace & defense segment accounted for the largest share of the 3D printing metals market in 2017. This segment is also projected to grow at the highest rate during the forecast period. The aerospace & defense industry has a specific requirement for lightweight & high strength components, with accurate and precise designs.
Metals like stainless steel, aluminum, and titanium are used extensively in this industry as they can withstand high temperatures and are resistant to wear & tear. Therefore, the demand for high strength materials to manufacture complex geometries is the major factor driving the growth of the 3D printing metals market in the aerospace & defense end-use industry segment.
The Asia Pacific 3D printing metals market has been studied for China, Japan, India, South Korea, and the Rest of Asia Pacific. The Asia Pacific region is an emerging and lucrative market for 3D printing metals owing to industrial development and improving economic conditions. Product innovations, new research & development projects, and increasing demand from the aerospace & defense industry have fueled the growth of the market in this region.
Manufacturers of metal powders and printers in North America are also expanding their business in Asia Pacific owing to increasing demand for 3D printed metal parts from the automotive and aerospace industries in the region. Additionally, there is a huge knowledge transfer taking place between developed and emerging countries through active engagements in different forums.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 3D Printing Metals Market, By Form
8 3D Printing Metals Market, By Type
9 3D Printing Metals Market, By End-Use Industry
10 3D Printing Metals Market, By Region
11 Competitive Landscape
12 Company Profiles3D Systems Corporation Carpenter Technology Corporation EOS GmbH Electro Optical Systems GE Additive GKN PLC Hgans AB Incredible AM Pvt. Ltd. LPW Technology Ltd. Materialise NV Pollen AM Inc. Proto Labs, Inc. Renishaw PLC Sandvik AB Stratasys Ltd. The Exone Company Titomic Limited Trumpf GmbH + Co. KG Voxeljet AG Wipro 3D For more information about this report visit https://www.researchandmarkets.com/research/nqrljh/2_08_bn_3d?w=4
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Related Topics:Metals and Minerals,3D Printing
KEYWORD: ASIA PACIFIC NORTH AMERICA
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES MINING/MINERALS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/07/2018 05:56 AM/DISC: 09/07/2018 05:56 AM