New York
City, 22 January 2019: The
Global 3D Printing Metals Market is
anticipated to reach USD 3.06 billion by 2026 according to a new study
published by Polaris Market Research.
3D printing (3DP) metals have witnessed
significant market growth due to its large industrial applications. These
metals are used in the additive manufacturing technologies such as 3D printing
due to their superior characteristics such as lightweight and high strength,
with few of them having very high resistivity to corrosion.
3D printing metals is a part of overall
3D printing industry, that is currently an attractive market due to increased
focus by major industrial companies, specialized 3D printer vendors, 3D
printing service bureaus, software vendors, professional service providers, and
other marketplace providers.
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Aerospace & defense industry is at
the forefront for driving the global 3DP metals market. This technology results
in lighter, faster, less wasteful, and high yields as compared to the
traditional materials and technologies. Moreover, high value production is a
typical scenario for different requirements of this industry, thud 3DP metals
manufacturing is an articular appeal to small, medium-sized, and big
conglomerates alike.
Medical industry also contributes
substantially to the growth of 3D printing metals market. This is largely used
in the production of hearing aids in the medical segment. As the global health
industry focuses on improving quality, reducing costs, and becoming patient-centric,
the technological advancements in the 3D printers play a significant role here.
One of the most interesting aspects for
the 3DP metal industry includes an appealing scenario for both the suppliers
and operators. Potential opportunity for reduced cost to supply aftercare
services is a potential opportunity for the suppliers. Reduction in the
transportation costs, potential to use analytics for the consumption of spare
parts, and shortening the development and retooling process are some of the
most significant aspects of this industry landscape.
Competitive Landscape and Key Vendors:
North America is the dominant and
mature market for 3D printing metals market with United States as the major
contributing nation. Asia Pacific is expected to witness a substantial faster
growth during the forecast period due to its expanding manufacturing industry,
high R&D investments by large market players in China, South Korea, and
Japan, and supportive government policies.
The global 3D
printing metals market comprises of large number companies and is a highly
consolidated industry. Some of the key companies include 3D Systems Corporation, Arcam AB,
Materialise NV, ExOne GmbH, Hoganas AB, Renishaw Plc, Equispheres, Carpenter
Technology Corporation, and Sandvik AB.
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