3D Printing Metals Market by Form (Powder and Filament), Type (Titanium, Nickel, Stainless Steel, Aluminum), End-Use Industry (Aerospace & Defense, Automotive, Medical & Dental), and Region (APAC, North America, Europe, MEA, SA) - Global Forecast to 2023

The global 3D printing metals market was valued at USD 452.0 million in 2017 and is projected to reach 2,089.7 million by 2023, at a CAGR of 28.8% during the forecast period.

The Objectives of this study are:

• To define, describe, segment, and forecast the 3D printing metals market based on form, type, end-use industry, and region
• To estimate and forecast the market size of segments with respect to 5 main regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America
• To estimate and forecast the 3D printing metals market in terms of value (USD million/billion) and volume (tons/kilotons)
• To identify and analyze key market dynamics such as drivers, restraints, opportunities, and challenges influencing the growth of the 3D printing metals market across the globe
• To analyze region-specific trends in Asia Pacific, Europe, North America, the Middle East & Africa, and South America
• To track and analyze recent developments, such as expansions, joint ventures, acquisitions, contracts, new product developments, and new product launches, adopted by key players operating in the 3D printing metals market
• To strategically identify and profile key players operating in the 3D printing metals market and analyze their core competencies

The years considered for the study are:

• Base Year – 2017
• Estimated Year – 2018
• Projected Year – 2023
• Forecast Period – 2018 to 2023

For company profiles in the report, 2017 has been considered as the base year. In cases wherein information is unavailable for the base year, the years prior to it have been considered.

Research Methodology

The research methodology used to estimate and forecast the global 3D printing metals market began with capturing data on key vendor revenues through secondary sources, such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. Vendor offerings were also taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.

To know about the assumptions considered for the study, download the pdf brochure

The 3D printing metals market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies operating in the 3D printing metals market include Stratasys Ltd. (US), 3D Systems Corporation (US), EOS GmbH (Germany), Materialise NV (Belgium), GE Additive (US), Renishaw plc (UK), voxeljet AG (Germany), 3D Systems, Inc. (US), Sandvik AB (Sweden), and Hoganas AB (Sweden), among others.

Target Audience

• Manufacturers of 3D Printing Metals
• Traders, Distributors, and Suppliers of 3D Printing Metals
• End-use Industries
• Government and Research Organizations
• Associations and Industrial Bodies
• Research and Consulting Firms
• R&D Institutions
• Environment Support Agencies
• Investment Banks and Private Equity Firms
•  “This study answers several questions for stakeholders, primarily the market segments which they need to focus upon during the next two to five years so that they may prioritize their efforts and investments accordingly.”

The scope of the report:

This research report categorizes the 3D printing metals market based on end-use industry, type, form, and region, and forecasts revenues as well as analyzes trends in each of the submarkets.

On the Basis of End-Use Industry:

• Aerospace & Defense
• Automotive
• Medical & Dental
• Others

On the Basis of Type:

• Titanium
• Nickel
• Stainless Steel
• Aluminum
• Others

On the Basis of Form:

• Powder
• Filament

On the Basis of Region:

• Asia Pacific
• North America
• Europe
• Middle East & Africa
• South America

The following customization options are available for the report:

Along with the market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

• Product matrix, which provides a detailed comparison of the product portfolio of each company.

Geographic Analysis

• A further breakdown of the Rest of Asia Pacific, Rest of the Middle East & Africa, Rest of Europe, and Rest of South America 3D printing metals markets.

Company Information

• Detailed analysis and profiles of additional market players (up to 5).

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions
    2.5 Limitations

3 Executive Summary (Page No. - 28)
    3.1 3D Printing Metals Market, By Type
    3.2 3D Printing Metals Market: End-Use Industry Share, By Region
    3.3 3D Printing Metals Market, By Region

4 Premium Insights (Page No. - 32)
    4.1 Attractive Growth Opportunities in the 3D Printing Metals Market
    4.2 3D Printing Metals Market, By End-Use Industry
    4.3 3D Printing Metals Market, By Type and End-Use Industry
    4.4 3D Printing Metals Market, By Country
    4.5 3D Printing Metals Market: Developing vs. Developed Economies

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand From the Aerospace & Defense and Automotive Industry
                    5.2.1.2 Mass Customization
                    5.2.1.3 Low Manufacturing Cost
           5.2.2 Restraints
                    5.2.2.1 Limitation of Printer Size
           5.2.3 Opportunities
                    5.2.3.1 Potential to Enhance Manufacturing and Supply Chain Management
           5.2.4 Challenges
                    5.2.4.1 Limited Material Requirements of Functional Products
                    5.2.4.2 Limited Design Tools
                    5.2.4.3 High Material Cost
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Value Chain Analysis

7 3D Printing Metals Market, By Form (Page No. - 43)
    7.1 Introduction
    7.2 Powder
    7.3 Filament

8 3D Printing Metals Market, By Type (Page No. - 48)
    8.1 Introduction
    8.2 Titanium
    8.3 Aluminum
    8.4 Nickel
    8.5 Stainless Steel
    8.6 Others

9 3D Printing Metals Market, By End-Use Industry (Page No. - 58)
    9.1 Introduction
    9.2 Aerospace & Defense
    9.3 Medical & Dental
    9.4 Automotive
    9.5 Others

10 3D Printing Metals Market, By Region (Page No. - 66)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
             10.3.3 Italy
             10.3.4 France
             10.3.5 Spain
             10.3.6 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 South Korea
             10.4.5 Rest of Asia Pacific
     10.5 Middle East & Africa
             10.5.1 South Africa
             10.5.2 UAE
             10.5.3 Saudi Arabia
             10.5.4 Rest of Middle East & Africa
     10.6 South America
             10.6.1 Brazil
             10.6.2 Argentina
             10.6.3 Colombia
             10.6.4 Rest of South America

11 Competitive Landscape (Page No. - 106)
     11.1 Overview
     11.2 Ranking of Key Market Players
     11.3 Competitive Scenario
             11.3.1 New Product Developments & Launches
             11.3.2 Acquisitions
             11.3.3 Agreements
             11.3.4 Partnerships
             11.3.5 Expansions
             11.3.6 Investments

12 Company Profiles (Page No. - 113)

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Stratasys Ltd.
     12.2 3D Systems Corporation
     12.3 Renishaw PLC
     12.4 Voxeljet AG
     12.5 Sandvik AB
     12.6 EOS GmbH Electro Optical Systems
     12.7 Titomic Limited
     12.8 Höganäs AB
     12.9 Materialise NV
     12.1 The Exone Company
     12.11 GE Additive
     12.12 Carpenter Technology Corporation

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     12.13 Other Companies in the 3D Printing Metals Market
             12.13.1 Wipro 3D
             12.13.2 Proto Labs, Inc.
             12.13.3 LPW Technology Ltd.
             12.13.4 Incredible AM Pvt. Ltd.
             12.13.5 Pollen AM Inc.
             12.13.6 Trumpf GmbH + Co. KG
             12.13.7 GKN PLC

13 Appendix (Page No. - 142)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details

List of Tables (121 Tables)

Table 1 3D Printing Metals Market Snapshot
Table 2 3D Printing Metals Market, By Form, 2016–2023 (Tons)
Table 3 3D Printing Metals Market, By Form, 2016–2023 (USD Million)
Table 4 3D Printing Metal Powder Market, By Region, 2016–2023 (Tons)
Table 5 3D Printing Metal Powder Market, By Region, 2016–2023 (USD Million)
Table 6 3D Printing Metal Filament Market, By Region, 2016–2023 (Tons)
Table 7 3D Printing Metal Filament Market, By Region, 2016–2023 (USD Million)
Table 8 3D Printing Metals Market, By Type, 2016–2023 (Tons)
Table 9 3D Printing Metals Market, By Type, 2016–2023 (USD Million)
Table 10 Titanium in 3D Printing Metals Market, By Region, 2016–2023 (Tons)
Table 11 Titanium in 3D Printing Metals Market, By Region, 2016–2023 (USD Million)
Table 12 Aluminum in 3D Printing Metals Market, By Region, 2016–2023 (Tons)
Table 13 Aluminum in 3D Printing Metals Market, By Region, 2016–2023 (USD Million)
Table 14 Nickel in 3D Printing Metals Market, By Region, 2016–2023 (Tons)
Table 15 Nickel in 3D Printing Metals Market, By Region, 2016–2023 (USD Million)
Table 16 Stainless Steel in 3D Printing Metals Market, By Region, 2016–2023 (Tons)
Table 17 Stainless Steel in 3D Printing Metals Market, By Region, 2016–2023 (USD Million)
Table 18 Other Metals in 3D Printing Metals Market, By Region, 2016–2023 (Tons)
Table 19 Other Metals in 3D Printing Metals Market, By Region, 2016–2023 (USD Million)
Table 20 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 21 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 22 3D Printing Metals Market in Aerospace & Defense, By Region, 2016–2023 (Tons)
Table 23 3D Printing Metals Market in Aerospace & Defense, By Region, 2016–2023 (USD Million)
Table 24 3D Printing Metals Market in Medical & Dental, By Region, 2016–2023 (Tons)
Table 25 3D Printing Metals Market in Medical & Dental, By Region, 2016–2023 (USD Million)
Table 26 3D Printing Metals Market in Automotive, By Region, 2016–2023 (Tons)
Table 27 3D Printing Metals Market in Automotive, By Region, 2016–2023 (USD Million)
Table 28 3D Printing Metals Market in Other End-Use Industries, By Region, 2016–2023 (Tons)
Table 29 3D Printing Metals Market in Other End-Use Industries, By Region, 2016–2023 (USD Million)
Table 30 3D Printing Metals Market, By Region, 2016–2023 (Tons)
Table 31 3D Printing Metals Market, By Region, 2016–2023 (USD Million)
Table 32 North America: 3D Printing Metals Market, By Country, 2016–2023 (Tons)
Table 33 North America: 3D Printing Metals Market, By Country, 2016–2023 (USD Million)
Table 34 North America: 3D Printing Metals Market, By Form, 2016–2023 (Tons)
Table 35 North America: 3D Printing Metals Market, By Form, 2016–2023 (USD Million)
Table 36 North America: 3D Printing Metals Market, By Type, 2016–2023 (Tons)
Table 37 North America: 3D Printing Metals Market, By Type, 2016–2023 (USD Million)
Table 38 North America: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 39 North America: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 40 US: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 41 US: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 42 Canada: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 43 Canada: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 44 Mexico: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 45 Mexico: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 46 Europe: 3D Printing Metals Market Size, By Country, 2016–2023 (Tons)
Table 47 Europe: 3D Printing Metals Market Size, By Country, 2016–2023 (USD Million)
Table 48 Europe: 3D Printing Metals Market, By Form, 2016–2023 (Tons)
Table 49 Europe: 3D Printing Metals Market, By Form, 2016–2023 (USD Million)
Table 50 Europe: 3D Printing Metals Market, By Type, 2016–2023 (Tons)
Table 51 Europe: 3D Printing Metals Market, By Type, 2016–2023 (USD Million)
Table 52 Europe: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 53 Europe: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 54 UK: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 55 UK: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 56 Germany: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 57 Germany: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 58 Italy: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 59 Italy: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 60 France: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 61 France: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 62 Spain: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 63 Spain: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 64 Rest of Europe: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 65 Rest of Europe: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 66 Asia Pacific: 3D Printing Metals Market Size, By Country, 2016–2023 (Tons)
Table 67 Asia Pacific: 3D Printing Metals Market Size, By Country, 2016–2023 (USD Million)
Table 68 Asia Pacific: 3D Printing Metals Market, By Form, 2016–2023 (Tons)
Table 69 Asia Pacific: 3D Printing Metals Market, By Form, 2016–2023 (USD Million)
Table 70 Asia Pacific: 3D Printing Metals Market, By Type, 2016–2023 (Tons)
Table 71 Asia Pacific: 3D Printing Metals Market, By Type, 2016–2023 (USD Million)
Table 72 Asia Pacific: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 73 Asia Pacific: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 74 China: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 75 China: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 76 India: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 77 India: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 78 Japan: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 79 Japan: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 80 South Korea: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 81 South Korea: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 82 Rest of Asia Pacific: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 83 Rest of Asia Pacific: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 84 Middle East & Africa: 3D Printing Metals Market Size, By Country, 2016–2023 (Tons)
Table 85 Middle East & Africa: 3D Printing Metals Market Size, By Country, 2016–2023 (USD Million)
Table 86 Middle East & Africa: 3D Printing Metals Market, By Form, 2016–2023 (Tons)
Table 87 Middle East & Africa: 3D Printing Metals Market, By Form, 2016–2023 (USD Million)
Table 88 Middle East & Africa: 3D Printing Metals Market, By Type, 2016–2023 (Tons)
Table 89 Middle East & Africa: 3D Printing Metals Market, By Type, 2016–2023 (USD Million)
Table 90 Middle East & Africa: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 91 Middle East & Africa: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 92 South Africa: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 93 South Africa: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 94 UAE: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 95 UAE: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 96 Saudi Arabia: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 97 Saudi Arabia: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 98 Rest of Middle East & Africa: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 99 Rest of Middle East & Africa: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 100 South America: 3D Printing Metals Market Size, By Country, 2016–2023 (Tons)
Table 101 South America: 3D Printing Metals Market Size, By Country, 2016–2023 (USD Million)
Table 102 South America: 3D Printing Metals Market, By Form, 2016–2023 (Tons)
Table 103 South America: 3D Printing Metals Market, By Form, 2016–2023 (USD Million)
Table 104 South America: 3D Printing Metals Market, By Type, 2016–2023 (Tons)
Table 105 South America: 3D Printing Metals Market, By Type, 2016–2023 (USD Million)
Table 106 South America: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 107 South America: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 108 Brazil: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 109 Brazil: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 110 Argentina: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 111 Argentina: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 112 Colombia: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 113 Colombia: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 114 Rest of South America: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (Tons)
Table 115 Rest of South America: 3D Printing Metals Market, By End-Use Industry, 2016–2023 (USD Million)
Table 116 New Product Developments & Launches, January 2013-July 2018
Table 117 Acquisitions, January 2013-July 2018
Table 118 Agreements, January 2013-July 2018
Table 119 Partnerships, January 2013-July 2018
Table 120 Expansions, January 2013-July 2018
Table 121 Investments, January 2013-July 2018

List of Figures (47 Figures)

Figure 1 3D Printing Metals Market: Research Design
Figure 2 Breakdown of Primary Interviews, By Company Type, Designation, and Region
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Data Triangulation
Figure 6 Titanium Segment Projected to Lead the 3D Printing Metals Market From 2018 to 2023
Figure 7 North America Estimated to Be the Largest Market for All End-Use Industry Segments of the 3D Printing Metals Market in 2018
Figure 8 Asia Pacific 3D Printing Metals Market Projected to Grow at the Highest Cagr Between 2018 and 2023
Figure 9 Increasing Demand From Various End-Use Industries Projected to Drive the Growth of the 3D Printing Metals Market Across the Globe
Figure 10 Aerospace & Defense End-Use Industry Segment Projected to Grow at the Highest Cagr From 2018 to 2023
Figure 11 Aerospace & Defense End-Use Industry and Titanium Type Segment Estimated to Account for the Largest Share of the 3D Printing Metals 201833
Figure 12 3D Printing Metals Market in China Projected to Grow at the Highest Cagr From 2018 to 2023
Figure 13 US Estimated to Be the Largest Market for 3D Printing Metals Among Developed Economies in 2018
Figure 14 3D Printing Metals Market Dynamics
Figure 15 Porter’s Five Forces Analysis
Figure 16 Value Chain Analysis for 3D Printing Metals: Manufacturers Account for Major Value Addition in This Industry
Figure 17 By Form, the Powder Segment is Expected to Account for A Larger Share of the 3D Printing Metals Market During the Forecast Period
Figure 18 North America Expected to Lead the Powder Form Segment From 2018 to 2023
Figure 19 Asia Pacific Expected to Be the Fastest-Growing Market for Metal Filaments From 2018 to 2023
Figure 20 Titanium Estimated to Be the Largest Type Segment of the 3D Printing Metals Market During the Forecast Period
Figure 21 North America to Lead the Titanium Type Segment From 2018 to 2023
Figure 22 Aluminum Type Segment in Asia Pacific Expected to Grow at the Highest Cagr During the Forecast Period
Figure 23 Europe Expected to Lead the Nickel Type Segment From 2018 to 2023
Figure 24 Stainless Steel Type Segment in Asia Pacific Expected to Grow at the Highest Cagr During the Forecast Period
Figure 25 Other Metals Segment in North America Expected to Grow at the Highest Cagr During the Forecast Period
Figure 26 Aerospace & Defense Estimated to Be the Largest End-Use Industry Segment of the 3D Printing Metals Market During the Forecast Period
Figure 27 North America Expected to Lead the Aerospace & Defense End-Use Industry Segment From 2018 to 2023
Figure 28 Medical & Dental End-Use Industry Segment in North America Expected to Grow at the Highest Cagr During the Forecast Period
Figure 29 Automotive End-Use Industry Segment in Asia Pacific Expected to Grow at the Highest Cagr During the Forecast Period
Figure 30 Other End-Use Industries Segment in Europe Expected to Grow at the Highest Cagr During the Forecast Period
Figure 31 3D Printing Metals Market in China to Grow at the Highest Cagr During the Forecast Period
Figure 32 Asia Pacific Expected to Lead the End-Use Industry Segment of the 3D Printing Metals Market During the Forecast Period
Figure 33 North America 3D Printing Metals Market Snapshot
Figure 34 Europe 3D Printing Metals Market Snapshot
Figure 35 Asia Pacific 3D Printing Metals Market Snapshot
Figure 36 Middle East & Africa 3D Printing Metals Market Snapshot
Figure 37 South America 3D Printing Metals Market Snapshot
Figure 38 New Product Launch Was the Most Preferred Strategy By Key Companies in the Past Few Years
Figure 39 Market Ranking Analysis, 2017
Figure 40 Stratasys Ltd.: Company Snapshot
Figure 41 3D Systems Corporation: Company Snapshot
Figure 42 Renishaw PLC: Company Snapshot
Figure 43 Voxeljet AG: Company Snapshot
Figure 44 Sandvik AB: Company Snapshot
Figure 45 Materialise NV: Company Snapshot
Figure 46 The Exone Company: Company Snapshot
Figure 47 Carpenter Technology Corporation: Company Snapshot

The 3D printing metals market is projected to grow from USD 590.4 million in 2018 to USD 2,089.7 million by 2023, at a CAGR of 28.8% from 2018 to 2023. Increasing use of 3D metal printing as a mainstream production process in industries such as aerospace & defense and medical & dental is driving the growth of 3D printing metals market

The 3D printing metals market has been segmented by type into titanium, nickel, stainless steel, aluminum, and others. Titanium offers excellent corrosion resistance and high strength required for heavy engineering applications. It is commonly used for the manufacturing of engine parts and airframes in the aerospace & defense industry. Titanium alloys are mainly used in the aerospace industry owing to their light weight and excellent heat resistance. Being a biocompatible material, titanium is also widely used in medical implants. Stainless steel is another preferred material for metal 3D printing in the end-user industries. It is biocompatible and offers outstanding properties, such as high strength. The most widely used forms of stainless steel are 17-4PH and Stainless Steel 316L.

Based on end-use industry, the 3D printing metals market has been segmented into aerospace & defense, automotive, medical & dental, and others. There is an increasing demand for critical engineering and fabrication applications in the aerospace & defense industry. The demand for metal powder is going to rise significantly as manufacturing companies who previously use 3D printing for prototyping are now using the same for mainstream manufacturing activities. In addition to this, the manufacturers of metal 3D printers are developing new printers with a larger print box to print larger components and structures used in engineering applications. 3D printing metals are also used in the automotive industry for the printing of critical engine parts. This end-use industry segment is witnessing higher growth in Asia Pacific due to the presence of a large number of automobile manufacturers in the region.

North America is estimated to account for the largest share of the 3D printing metals market in 2018. The market for 3D printing metals in North America is witnessing significant growth owing to increasing demand from the aerospace & defense, medical & dental, and automotive end-use industries in the region. The growing rate of deployment and diffusion across end-use industries; strong government support from for 3D printed goods over conventional goods; and presence of key manufacturers are expected to further drive the growth of the market in this region. On the other hand, the Asia Pacific 3D printing metals market is expected to witness the highest CAGR during the forecast period, driven by the increasing adoption of metal 3D printing by the automotive industry in countries such as Japan, China, and South Korea.

Metal 3D printing eases the manufacturing process of different objects. However, the high cost of the materials used is a major factor restraining the growth of the market. The materials used for metal 3D printing cost an average of about USD 250–USD 500 per kilogram, which is expensive for most applications, as it adds to the cost of the final products.

Key players operating in the 3D printing metals market include Stratasys Ltd. (US), 3D Systems Corporation (US), EOS GmbH (Germany), Materialise NV (Belgium), GE Additive (US), Renishaw plc (UK), voxeljet AG (Germany), 3D Systems, Inc. (US), Sandvik AB (Sweden), and Hoganas AB (Sweden), among others.

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