Published on : Dec 14, 2017
ALBANY, New York, December 14, 2017: ResearchMoz.us has added a market study, titled, “Global 3D Metal Printing Machines Market 2017–2021,” to its database. The report studies and forecasts the market both at the local and global level. It throws light on the various growth drivers and restraints molding the trajectory of the market and brings to the fore the opportunities and pitfalls in it. Leveraging historical and current data, it estimates its current and future size in terms of revenue and the competitive dynamics as well.
The report finds that the global market for 3D metal printing machines will likely expand at a CAGR of 26.8% over the course of the forecast period from 2017 to 2021.
3D printing, also called additive manufacturing (AM), is a method for creating three-dimensional objects using a computer to control and shape layers of material. The technique eliminates most of the wasteful process, so that metal is saved. For example, almost 90.0% of metal used in manufacture of aircrafts are wasted in other processes, but not so with 3D metal printing, which also consumes less energy and brings down waste. Structures created by such a method are also much lighter. Aircrafts and automobiles created using it, thereby are fuel-efficient. Because of so many benefits, global 3D metal printing machines market is expanding at a cracking pace.
At the forefront of driving growth in the market for 3D metal printing machines are the expanding automotive and aerospace industry. 3D metal printing enables to achieve fuel efficiency by making the structures lighter and reducing carbon footprints. It also serves to bring down cost and helps innovate with new structures.
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The healthcare sector too is driving demand in the market for 3D metal printing machines on account of their use in making spinal and orthopedic implants and other customized implants. The rising instances of joint replacements and cardiovascular procedures, particularly among the elderly, is majorly fuelling demand for 3D metal printing machines. They are also being used to create dental frames used for dental implantation.
Geographically, the main segments of the global market for 3D printing machines are Germany, the U.S., China, Japan, etc. Currently, the U.S. among them occupies a dominant position in the market. This is because of the increasing number of offshore wind power installations, which require wind turbines. 3D metal printing techniques are particularly useful for making wind turbines. The developed aerospace market in the U.S., solid distribution systems, various offerings, and strong funding at local and national levels are also boosting the market in the region.
The global market for 3D metal printing machines is competitive owing to the presence of many regional and global players. In order to beat rivals in such an environment, players are seen resorting to product development leveraging latest technologies and competitive pricing. They are also trying to increase their global presence by focusing on aftermarket service network. In addition, they are plouging money into more cutting-edge, technologically advanced systems to cater to the various requirements of customers.
Some of the key players operating in the global market for 3D metal printing machines are 3D Systems, EOS, Arcam, Renishaw, EnvisionTEC, Materialise, ExOne, SLM Solutions, and Sciaky. The report examines their product offerings, sales and revenues, market shares, and growth prospects going forward. It also uses popular analytical tools such as SWOT Analysis and Porter’s Five Forces in order to enable such players to understand where the opportunity lies in the market and how best to avoid pitfalls.
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