Zortrax, a polish-based 3D Printing Metals company, has launched a new 3D printer Inspire UV LCD printer, an SLA printer which is considered to be the cheapest and offers speed and quality of resin-based with the finish and fit for the hardware.
The size of the 3D Printing Metals Market was around USD 9.9 Billion by revenue, at the end of 2018. It is expected to grow at a CAGR of 23.36 % to reach close to USD 28.28 Billion by the end of 2023.
3D Printing Metals Market Drivers and Restraints:
Ease in the development of customized products, process downtime, and decrement in the manufacturing cost is the main driving factors of the market. Also, the investments by various governments across the globe in 3D Printing Metals projects, and chances for development of industrial-grade 3D Printing Metals materials are considered to be some other factoring helping the growth of the market.
However, the lack of technology to fulfil the desired large-scale 3D printers is the major restraint to the growth of the 3D Printing Metals market. Also, the market accumulation in North America and Europe make the market expansion highly unlikely in parts like Latin America and Africa.
3D Printing Metals Market Segmentation Analysis:
Based on the offering the 3D Printing Metals market is segmented into Printer, Material, Software, and Service. Among the mentioned offerings, the service sector is calculated to have the highest share of the market by the end of the financial year of 2018. The expected growth is due to the projected increase in demand for custom design and the manufacturing segment of the market. This is where 3D Printing Metals comes handy as it cuts down the cost of customized products to the minimum and also in as less as no time. The 3D market is mainly expanding in verticals like healthcare, aerospace, and automobile industries, which help them in solving problems which are left unsolved by the traditional methods.
Based on the process involved in 3D Printing Metals, the market is categorized into Material Extrusion, Binder Jetting, Direct Energy Deposition, Powder Bed Fusion, and Material Jetting. Of the mentioned processes, the bed fusion process is projected to be the fastest-growing segment, which had the largest share of the revenue generated in the 3D Printing Metals market in 2018. This process is mainly used in the aerospace, engineering, and automobile verticals of the end-user.
3D Printing Metals Market Geographical Analysis:
By geography, the 3D Printing Metals Market is segmented as Latin America, Europe, Asia Pacific, North America, and Middle-East & Africa. North America leads the 3D Printing Metals market by both value and volume, as per the statistics in 2018. The situation of most of the key players in this region is the reason for its market position. Europe is second in the lead in the market for 3D Printing Metals. The presence of a considerable customer base in and around this region is helping in the growth of the 3D Printing Metals market in Europe. Also, the technological supremacy of these regions over the rest of the world allows them to develop in this newly emerging field, causing the eye-catching performance in the market.
The Asia Pacific follows Europe the lead in the 3D Printing Metals market in the estimated forecast period. This region is anticipated to have the highest growth rate in the worldwide market demand for 3D Printing Metals owing to the interest shown from the top leading software companies in the Asia Pacific region, mainly towards India, China, and Japan, causing for the high hopes of growth rate. This growth can also be related to possible future opportunities in fast-developing countries such as India and Japan.
Although the Asia Pacific region will not be leading the market for 3D Printing Metals, it is expected to attract major market giants towards expansion into the region. The regional advantages offered this region, such as ease of setup and cheap resources, is the sole reason for this region’s advancement in the market.
On the other hand, the Middle East & Africa and Latin America regions, being in the low developing countries due to the contribution of low GDP countries, have fewer chances for industry growth. Hence, the 3D Printing Metals Market in these regions is slow-growing in nature.
3D Printing Metals Market Key Market Players:
By the end of 2018 3D Systems (U.S.), EOS GmbH (Germany), Arcam AB (Sweden), Materialise (Belgium), Autodesk, Inc. (U.S.), H.P. (U.S.), Stratasys Ltd. (Israel), SLM Solutions (Germany), EnvisionTEC (Germany), The ExOne Company (U.S.), G.E. Additive (U.S.), Hoganas AB (Sweden), Made In Space, Inc. (U.S.), Optomec, Inc. (U.S.), Organovo Holdings, Inc. (U.S.), Sisma S.p.A. (Italy), Ponoko Ltd. (New Zealand), Solidscape, Inc. (U.S.), Mcor Technologies Ltd. (Ireland), Voxeljet AG (Germany), ProtoLabs Inc. (U.S.), and Citim GmbH (Germany) are the leading shareholders of the market for 3D Printing Metals. There is a constant competition between these companies regarding the pricing and quality of the product. They are currently focused on providing expansion strategies to improve their market value and position.
3D Printing Metals Market Research Report Key Highlights:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.6 Y-o-Y Growth Analysis, By Offering
5.1.7 Market Attractiveness Analysis, By Offering
5.1.8 Market Share Analysis, By Offering
5.2.2 Binder Jetting
5.2.3 Direct Energy Deposition
5.2.4 Material Extrusion
5.2.5 Material Jetting
5.2.6 Powder Bed Fusion
5.2.7 Y-o-Y Growth Analysis, By Process
5.2.8 Market Attractiveness Analysis, By Process
5.2.9 Market Share Analysis, By Process
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Offering
18.104.22.168 By Process
6.1.4 Market Attractiveness Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Offering
188.8.131.52 By Process
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Offering
18.104.22.168 By Process
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 3D Systems
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 EOS GmbH
8.3 Arcam AB
8.5 Autodesk, Inc.
8.7 Stratasys Ltd.
8.8 SLM Solutions
8.10 The ExOne Company
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures