Tuesday, 30 November 2021 10:01 GMT

Global Metal 3D Printing Market Future Growth, and Revenue Forecast, (2021-2026)


(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 26, 2021, 03:27 /Comserve / -- Metal 3D Printing is a laser-based technology used for the production of complex structures and smaller designs. Metal is the most crucial material used in the 3D printing process that involves layer-by-layer production,

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

Metal 3D Printing is a laser-based technology used for the production of complex structures and smaller designs. Metal is the most crucial material used in the 3D printing process that involves layer-by-layer production, thereby increasing the overall accuracy of the final product. According to the MarkNtel Advisors' research report,“Global Metal 3D Printing Market Analysis, 2021,” the market is likely to grow at a CAGR of around 30% during 2021-26 due to the surging demand for advanced and green technologies. In addition to this, the wide-range application of 3D printing in prototyping, architecture, design visualization, and healthcare fuels the market growth.

Further, the mounting number of 3D printing startups, rising government initiatives to promote the adoption of 3D printing, and increasing demand for 3D printers across various end-users, including aerospace, automotive, and medical industries, are crucial factors propelling the growth of Metal 3D Printing Market across the globe.

Fill This Form and get the Sample Copy of This Report: 
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Metal 3D Printing Market Future Growth, and Revenue Forecast, (2021-2026)

Impact of COVID-19
Due to the sudden outbreak of the COVID-19 pandemic, the Global Metal 3D Printing Market has witnessed a substantial decline in its growth, primarily due to a downfall in the production capacity of 3D printing materials & printers, low demand, supply chain disruptions.
Additionally, the declining number of working employees and the operational expenditure by companies are other factors that negatively affected the market. However, the surging usage of 3D printing for producing medical devices shall provide new opportunities for the market. Thus, the Metal 3D Printing market shall regain its pace and grow exponentially in the coming future.

Market Segmentation
Powder-Based Raw Material Accounted for the Largest Market Share
Based on Raw Material, the market bifurcates into Powder-Based Raw Material, Resin-Based Raw Material, Lamina-Based Raw Material, and Filament/Wire-Based Raw Material. Among these sectors, Powder-Based Raw Materials acquired the largest share in the Global Metal 3D Printing Market in the previous few years.

The Powder-Based Raw Material helps produce high-density products with complex structures, which are further beneficial for manufacturing engine parts and other automotive components. The powder form enhances the mechanical properties of the final product and guarantees the consistency of layers. Thus, the surging demand for 3D printed products with high density and strength aids the need for powder-based raw material, cites MarkNtel Advisors in their research report,“Global Metal 3D Printing Market Analysis, 2021.”

Fill This Form and get the Sample Copy of This Report: 
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Metal 3D Printing Market Future Growth, and Revenue Forecast, (2021-2026)

Titanium and Its Alloys Segment Attained the Highest Market Share
Based on the Metal & Alloys Type, the market bifurcates into Titanium & its alloys, Aluminum & its alloys, Steels, and Nickel & its alloys. Out of these, the Titanium & Its Alloys segment captured a significant share in the Global Metal 3D Printing Market in the previous few years.
The segment growth is due to the burgeoning use of Titanium & its alloys in the aerospace industry for printing equipment prototypes. Further, titanium-based products exhibit properties, such as lightweight, non-corrosive, and high strength, thereby fueling the demand for Titanium & its alloys.

Regional Landscape
North America Registers Fastest Growth
Globally, the North American region is likely to be the fastest-growing region in the Global Metal 3D Printing Market in the past few years. It owes to the abundant presence of leading market players and end-user segments in North America. Further, the rapidly expanding tech industry in most North American countries is another crucial factor likely to drive the market in the coming years.

Mounting Applications in Various End-User Sectors to Boost Market Growth
The demand for metal 3D printing is increasing significantly due to its capability to create products with complicated geometries & superior physical characteristics. Additionally, its ability to make high-precision engine parts with complex architectures is another critical factor fueling the demand for metal 3D printing. Moreover, the availability of raw materials, surging demand for prosthetic & dental implants, and snowballing investments for new product development are other vital factors propelling the overall market growth.

Competitive Landscape
According to MarkNtel Advisors, the leading players in the Global Metal 3D Printing Market are Carpenter Technology Corporation, Sandvik AB, Linde, Renishaw PLC, Materialise, SLM Solutions, Intech Additive Solutions Pvt. Ltd., 3D Systems, Inc., Trumpf GmbH + Co. Kg., and STRATASYS LTD.

Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Next-Generation Ultrasound System Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Next-Generation Ultrasound System Market?

TABLE OF CONTENT

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Preface
3. Executive Summary
4. Impact of COVID-19 on Global Metal 3D Printing Market
5. Global Metal 3D Printing Market Trends & Insights
6. Global Metal 3D Printing Market Dynamics

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


MENAFN26112021004694010674ID1103254944


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.