Metal Additive Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Global Metal Additive Manufacturing Market: Overview
The global metal additive manufacturing market is anticipated to obtain growth with rising demand from the automobile industry. India, China, Japan, and Germany could demonstrate high demand for metal additive manufacturing as consumers are increasingly inclined to using fuel-efficient, faster, and lightweight automobiles. Until the end of 2025, the market is expected to offer some lucrative prospects as automobile manufacturers continue to employ additive manufacturing to design and customize automobiles as per the demands of consumers. In the near future, demand in the market could amplify on the back of recent rise in production and development of aircraft engines.
Global Metal Additive Manufacturing Market: Trends and Opportunities
Aircraft engine manufacturers are observed to engage additive manufacturing to develop engine components using complex design capabilities. Weight of aircraft engines is also researched to be noticeably reduced with the use of additive manufacturing. Used for functional purpose in aircraft engines, printed parts find augmented application due to innovations in technologies, materials, and computer-aided design (CAD) employed in additive manufacturing. Moreover, manufacturers are upgrading titanium, aluminum, nickel, steel, and their alloy combinations for additive manufacturing. Thus, the world metal additive manufacturing market is predicted to register massive growth as aircraft engines demand from OEMs sees a strong increase.
Besides automotive and aerospace, metal additive manufacturing could be used in other industries such as academic institutions, tools and mold, and healthcare. However, the aerospace industry is foreseen to account for a staggering amount of share of the world metal additive manufacturing market in the near term. In aerospace, metal additive manufacturing is used to achieve weight reduction, low tolerance, extreme requirements, and complex geometries.
Global Metal Additive Manufacturing Market: Market Potential
Snowballing use of metals in additive manufacturing (3D printing) to produce quality medical equipment, aerospace components, and more will attain the support of a new standard to be published as F3303 by American Society for Testing and Materials (ASTM). The standard makes key points on ways to authorize processes and machines that assist to create parts with the help of laser or electron-beam powder bed fusion, says a press release of the organization dated April 4, 2018. It also touches upon related steps required to control and configure digital data. Customers could be assured of the quality of parts by ensuring that additive manufacturing steps are repeatable and fixed, continued the release.
Global Metal Additive Manufacturing Market: Regional Outlook
There are some economies that could prove to be extremely critical for growth of the international metal additive manufacturing market. These include Italy, the U.K., China, Germany, Japan, and the U.S. According to researchers, the U.S. has showcased its dominance in the market by attaining a larger share in the recent years. Adoption of metal additive manufacturing is being witnessed across a range of industries in the country, including military. Growth opportunities could increase in this country-wise market as it achieves a boost with production of metal prosthetics increasingly using metal additive manufacturing.
Global Metal Additive Manufacturing Market: Competitive Landscape
The international metal additive manufacturing market is foretold to testify the presence of a number of companies operating in the industry. Most of these companies could be classed in terms of technology. In order to survive the competition in the market and serve rising demand of end users, players are envisaged to concentrate on extending their product portfolio. New entrants might find it difficult to make developments in the market because of the requirement of patents and licenses for metal additive technologies. The market marks the presence of key players such as SLM Solutions, Renishaw, ExOne, EOS, and Arcam. However, there could be other prominent players active in the industry, viz. Phenix System and Concept Laser.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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