Research and Markets: Global Metal 3D Printers Market: Analysis and Forecast 2015-2020 – Market to hit $2,240.28 Million by 2020
December 4, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/nvglpt/global_metal_3d) has announced the addition of the “Global Metal 3D Printers Market: Analysis and Forecast (2015-2020)” report to their offering.
The market size of metal 3D printing is expected to grow to $2,240.28 million by the year 2020 at double digit CAGR.
The proliferation of 3D printing technology at an industrial level can be attributed to the growing advancement in the arena of metal 3D printing. The process of metal 3D printing is now paving its way into the mainstream manufacturing industry. Owing to the gradual developments occurring in the field of technology as a whole, metal 3D printing is now proving to be an indispensable part of the manufacturing sector. Factors like increased government funding towards 3D printing in various countries and customizability are driving the overall market growth in this domain. Although, the market is still relatively fragmented, mainstay industrial players are resorting to mergers, acquisitions and product launches imbibing the latest technologies in an attempt to increase their overall market share.
The metal 3D printing market is expected to grow beyond threefold from the year 2015 up till 2020. Such high growth is expected as the prices of metal 3D printers are expected to decrease due to availability of enhanced metal 3D printing technology. With the passage of time, metal 3D printing is expected to permeate to reach to the domestic consumer level, driving the sales to boost further. Expiration of patents of a key technology in metal 3D printing is expected to further enhance the scope of R&D in this field, thereby contributing further towards the decrease in price of metal 3D printers.
This section summarizes the different insights encapsulated in the report – global metal & metal alloys market, global metal 3D printing market by technology, industry vertical, and geography.
This increase can be attributed to the widespread acceptability of metal 3D printing in major industrial verticals like Aerospace & Defense, Healthcare and Automotive sector. Up till the year 2011, high initial set-up cost, non-availability of qualified metals to be used as raw material along with other restraints inhibited the overall growth of metal 3D printing. However, with the advent of technology the applications surrounding metal 3D printing have evolved, as can be seen from the growth that this industry has incurred from the year 2013, when the revenue was less than half of what it is expected to be by the end of year 2015.
Key Topics Covered:
1 Executive Summary
2 Report Scope & Methodology
3 Market Dynamics
4 Competitive Analysis
5 Metal & Alloys Market
6 Metal 3D Printing Market, By Technology
7 Metal 3DPrinting Market, By Industry Vertical
8 Geographic Analysis
9 Company Profiles
– Additive Industries
– GPI Prototype & Manufacturing Services, Inc.
– Metal Technology Inc.
– Mutoh America Inc.
– Norsk Titanium As
– Optomec
– Sciaky Inc.
– SLM Solutions Gmbh
– 3D Systems
– 3T Rpd
– Arcam Ab
– Concept Laser Inc.
– Dassault Systèmes
– Eos Gmbh Electro Optical Systems
– Exone
– Hoganas Ab
– Renishaw, Plc
For more information visit http://www.researchandmarkets.com/research/nvglpt/global_metal_3d
View source version on businesswire.com: http://www.businesswire.com/news/home/20151204005230/en/
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Sector: 3D Printing
