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Global Metal Additive Manufacturing Market 2018-2022 | 21% CAGR Estimated During the Forecast Period | Technavio

September 3, 2018

LONDON--(BUSINESS WIRE)--Sep 3, 2018--The global metal additive manufacturing market is expected to post a CAGR of over 21% during the period 2018-2022, according to the latest market research report by .

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Technavio has published a new market research report on the global metal additive manufacturing market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of this market is the increase in demand from the automobile industry. The short lead times, access to new materials, and customizable finishes have encouraged automobile manufacturers to integrate 3D printing processes in their production strategies. The manufacturing process of automobile components involves the use of metal additives for investment casting, customized tooling, and prototyping. Selective laser sintering, fused deposition, and selective laser melting are some of the technologies used in said manufacturing process. Metal additive manufacturing is also used for the production of different automobile parts such as bumpers, windbreakers, pumps, valves, and cooling vents.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the rise in R&D activities as one of the key emerging trends in the global metal additive manufacturing market:

Global metal additive manufacturing market: Rise in R&D activities

The increase in innovation and product developments in metal additive manufacturing is expected to foster the demand during the forecast period. Players in the market have increased their R&D activities to produce metal additive manufacturing systems. In developed countries such as the US, Germany, France, and the UK, the rise in innovation is expected to drive the market growth.

“Companies such as ExOne announced the release of its new additive manufacturing system, the Innovent+, which has better power-handling capabilities and comes with the new Ultrasonic recoater design. The Ultrasonic recoater offers easy user-interface and material flexibility. It also offers advanced power-disposing technology in the global metal additive manufacturing market,” says a senior analyst at Technavio for additives, adhesives, and sealants.

Global metal additive manufacturing market: Segmentation analysis

This market research report segments the global metal additive manufacturing market by application (aerospace, healthcare, tools and mold, and automobiles) and geographical regions (APAC, EMEA, and the Americas).

The aerospace segment held the largest market share in 2017, accounting for nearly 28% of the market. This application segment is expected to continue dominating the global market through the forecast period.

The Americas led the market in 2017 with a share of nearly 44%. This region is expected to dominate the market through 2022 as well. However, there will be a decrease in its market share by nearly 2%.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180903005113/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AUTOMOTIVE MANUFACTURING ENGINEERING STEEL OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/03/2018 06:54 AM/DISC: 09/03/2018 06:54 AM

http://www.businesswire.com/news/home/20180903005113/en

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