Metal Additive Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Metal Additive Manufacturing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : June, 2020 | Metals and Minerals | PPT format

Report Digest


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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.