The Europe 3D Printing Metal Market is expected to garner a compound annual growth rate of 13% in the foreseen period from 2021 to 2026.
In October 2018, Carpenter technologies completed the purchase of LPW technologies in a deal worth $81 Million.
Sandvik is investing in creating novel and advanced stainless-steel grade and aims to deliver about 475 tons to CERN. This is considered as the most prominent orders that reinforces the material expertise of Sandvik.
Drivers and Restraints of Europe 3D Printing Metals Market
In additive manufacturing (AM), metal is a primary focus area that has resulted in increased investments in the last few years. 3D printing metal industry in Europe is expanding with the rising call from defence and aerospace industries. This is mainly credited to the fact that 3D printing metal has the ability to decrease the aerospace components weight and boost the overall efficiency. 3D printing metal is used as fuel nozzle and increased usage in manufacturing of critical components in the automobile and aerospace industry are determined to boost the demand in the European market.
The extraction process of Titanium involves several health hazards and harmful effects on the atmosphere. In addition to this, the expenses related to the extraction is on the higher side and thus industries do not tend towards this process in several developed nations.
3D Printing metal market has been segmented into the following categories.
On the basis of Offering
On the basis of Process
Manufacturers dealing in powder metallurgy are testing different powder materials along with their safety standards in order to ensure that these powders are used in number of applications, such as printing whole airplane engine with the aid of 3D printing technology, in the foreseen period.
European countries, especially Germany has been funding heavily in the aerospace sector. 3D printing metals are employed in the production of particular brackets for satellites without changing the existing mould designs and making procedure. The rising call for critical engineering and fabrication applications in the aerospace & defence industry is promoting the international marketplace.
Geographical overview and regional presence:
Scandinavian countries have been investing in wind power sector and other renewable sources of energy, market players such as LPW Technology and Sandvik, have gone ahead to complete merger and acquisitions of various small businesses.
There are several market players that are asserting their dominance in the 3D printing metal market in recent years, some of the big names in Europe are:
3D systems corporations
Sandvik Materials technology
The ExOne company.
Impact of COVID-19 on the European 3D Printing metal market
Europe is currently facing extreme economic slowdown amidst this pandemic and manufacturing sectors which require heavily require lubricants and coatings have gone stagnant. European nations are among the most affected areas due to the coronavirus outbreak. Before the start of pandemic, the growth rate was flat due to the technological transition and post that it has suffered deeply. Europe has become the most affected region from the pandemic, and it has affected businesses severely. The coatings and thus in turn Titanium Oxide which is the crucial element in 3D printing metal industries incurred heavy losses and often required to prove strong liquidity to avoid bankruptcy. The pandemic can bring some changes in the consumer segment of the industry which will eventually affect the demand as industrial coatings and paints are no longer being seen as a top priority.
Europe 3D printing Metal Market
Global ,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of market by type, by material , by application along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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