Surge in penetration of bio-based materials and technological advancements drive the growth of the global 3D printing metal market. However, high costs related to raw materials and techniques hinder the market growth. On the other hand, rapidly growing industries including healthcare, automotive, and aerospace & defense create new opportunities in coming years.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
Based on form, the powder segment accounted for nearly three-fourths of the total share of the global 3D printing metal market in 2019, and is expected to maintain its highest share by 2026. This is due to surge in utilization in applications such as medical, aerospace, and rapid tooling areas. However, the filament segment is expected to portray the highest CAGR of 24.1% from 2019 to 2026, owing to increase in usage of metal, laywood, paper, and others that available in the form of filaments.
The 3D printing metal market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Based on region, North America accounted for the largest market share, contributing to more than two-fifths of the global 3D printing metal market in 2019, and is estimated to maintain its lead position during the forecast period. This is due to rise in application of 3D printing metal in medical sector along with utilization for developing lightweight parts and instruments in the aerospace and automobile industry in the region. However, Asia-Pacific would grow at the fastest CAGR of 24.2% from 2019 to 2026. This is owing to surge in investment by market players including Stratasys, EOS GmbH, 3D Systems, and Arkema along with collaborations.
3D printing metal Companies Covered Market:- 3D Systems, Arcam AB, Autodesk, Inc., Stratasys Ltd., The ExOne Company, Hoganas AB, Optomec, Inc., Organovo Holdings, Inc., Ponoko Limited and Other.
Analysis of COVID-19 impact
The outbreak of the pandemic has had a massive impact on the majority of industries and the 3D printing metal market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the 3D printing metal market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.
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