3D Printing Metals Market

3D Systems Corporation and Stratasys Ltd. (US) are leading players in 3D Printing Metals Market

The 3D printing metals market is estimated to be USD 590.4 million in 2018 and is projected to reach USD 2,089.7 million by 2023, at a CAGR of 28.8% from 2018 to 2023. The growing demand for metal powders in additive manufacturing and 3D printing has led to significant developments in the 3D printing metals market.

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) are among the key players in the 3D printing metals market. These companies are focused on investing in plant capacity expansions and acquisitions. They also have the potential to broaden their product portfolios and compete with other key market players.

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3D Systems Corporation is a leading player in the 3D printing metals market. The company offers a wide range of metal powders as well as 3D metal printers. It also provides software solutions for 3D printing. The company serves a wide range of end-use industries, such as aerospace & defense and medical & dental. It has adopted the new product launch and expansion strategies to enhance its presence in the market. The company has effectively managed to develop/launch new products and acquire different facilities to expand its product portfolio, globally. It launched ProJet MJP 3600 and ProJet MJP 5500X in January 2016, consequently strengthening its 3D printing systems portfolio.

Stratasys Ltd. (US) is one of the leading providers of 3D printing and additive manufacturing solutions for rapid prototyping and direct digital manufacturing (DDM). It also develops, manufactures, and markets materials for the metal 3D printing marketplace. The company is focused on the expansion of its Stratasys Direct Manufacturing (SDM) business by adopting inorganic growth strategies. The company’s products have a strong application base across various end-use industries, helping strengthen its position in the 3D printing metals market. Stratasys Ltd. is also strengthening its market presence through the partnership strategy. For instance, in January 2016, the company formed a partnership with DanaMed Inc. (US) to build metal tools for DanaMed’s Pathfinder ACL Guide, which is a biocompatible surgical device. The Pathfinders are 3D printed using Inconel 718 via the Direct Metal Laser Sintering (DMLS) technology. This partnership helped the company strengthen its position in the medical end-use industry segment of the 3D printing metals market.

Related Reports:

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

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Report Code
CH 4171
RI Published ON
9/3/2018
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