Metal Additive Manufacturing Market Expected to Reach $14.1 Bn by 2031
Metal additive manufacturing market is projected to reach $14.1 billion by 2031, growing at a CAGR of 18.1% from 2022 to 2031. The research provides a detailed analysis of drivers, restraints, and opportunities of the market. These insights shower necessary guidance to determine driving factors and implement strategies to gain a sustainable growth and tap on opportunities to explore the potential of the market.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ (PDF): https://www.alliedmarketresearch.com/request-sample/26226
Covid-19 impact:
- Construction and manufacturing activities of metal additive manufacturing halted due to the implementation of the global lockdown.
- Moreover, supply chain disruptions, shortage of labor force, and unavailability of raw materials created several challenges in carrying out manufacturing in full capacity.
- Several construction activities were delayed in order to maintain the social distancing norms.
- The demand from end use industries reduced significantly due to halt in day-to-day operations in 2020. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
- The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ : https://www.alliedmarketresearch.com/request-sample/26226
The metal additive manufacturing market has witnessed significant growth in the past decade, owing to rise in automotive, aerospace, and healthcare sectors. A number of players in the metal additive manufacturing industry are expanding their business to strengthen their foothold in the global market. By type, the powder bed fusion segment dominated the metal additive manufacturing market in 2021, in terms of revenue. This is attributed to its precision manufacturing and easy usage. On the basis of components, the service & parts segment is expected to witness growth with a higher CAGR, owing to increased adoption of 3D metal printers which will require maintenance and repair services. And by end-user industry, the aerospace segment accounted for the highest revenue in 2021, owing to globalization-led air travel.
The market is analyzed with respect to different components of metal additive manufacturing, such as systems, materials, and service & parts. Among these, service & parts segment is expected to witness growth with a high CAGR, owing to increased demand for emerging economies. In addition, by end-user industry, it is based on aerospace, automotive, healthcare, and others. Among these, aerospace segment registered the highest revenue in 2021. Furthermore, the market is mainly driven by rise in population and their disposable income, which eventually drives demand in healthcare, automotive, and aerospace industries.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ : https://www.alliedmarketresearch.com/request-sample/26226
Competitive Landscape:
BeAM Machines, DMG Mori Seiki Co., Ltd., EOS GmbH, Farsoon Technologies, GE Additive, Renishaw plc, Sisma SpA, SLM Solutions, Trumpf, and Xiโan Bright Laser Technologies Co., Ltd.
These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Key Benefits for Stakeholders:
- This report offers a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal additive manufacturing market analysis from 2021 to 2030 to identify the prevailing metal additive manufacturing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the metal additive manufacturing market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global metal additive manufacturing market trends, key players, market segments, application areas, and market growth strategies.
๐๐ฉ๐๐๐ค ๐๐ข๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ : https://www.alliedmarketresearch.com/connect-to-analyst/26226
๐๐ข๐ซ๐๐๐ญ๐ฅ๐ฒ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐ ๐๐จ๐ฉ๐ฒ ๐๐ ๐๐ก๐ข๐ฌ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ญ๐ฎ๐๐ฒ : https://www.alliedmarketresearch.com/checkout-final/637ea65d8999012d18dcb5761b4c14ec
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ : https://www.alliedmarketresearch.com/metal-additive-manufacturing-market-A25776
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):+1-800-792-5305,
UK: +44-845-530-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com