MarkNtel Advisors recently published a report, titled, ” Global Metal 3D Printing Market Metal 3D Printing Market – By Type (Hardware, Services, Software), By Material (Titanium, Aluminum, Stainless Steels, Nickel Alloys, Cobalt Alloys, Others), By Application (Prototyping, Tooling, Functional Parts Production, Customized Component, Spare Parts Manufacturing, Others),. As per as the report The Global Metal 3D Printing Market size is estimated to grow at a CAGR of around 31.3% during the forecast period, i.e., 2024-30.
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Global Metal 3D Printing Market Challenge:
High Initial Costs & Additional Operational Expenses Hinder Market Growth– The products based on Metal 3D printing are manufactured using 3D printers. These printers are based on the latest & innovative technology, owing to which they are higher in cost as compared to traditional & plastic-based printers. Therefore, the key players in the market offer their metal-based 3D printed products at relatively higher costs than alternative products such as plastic products. The lower costs of the substitutes make the alternatives a favorable choice among small & medium-sized enterprises, slowing down the Global Metal 3D Printing market. Furthermore, the 3D printer consumes more electricity & power while functioning. As a result, the organizations using these printers have to pay additional energy consumption prices. This additional overhead results in the end-users to choose the substitutes. Hence, the various industry verticals refrain from using metal-based 3D printed products, hindering the Global Metal 3D Printing market.
Leading Companies in Global Metal 3D Printing Market:
3DEO, Sandvik AB, BLT (Bright Laser Technologies), Renishaw plc., Markforged, Inc., SLM Solutions, Shanghai Hanbang United 3D Tech Co., Ltd., General Electric, 3D Systems Inc., Stratasys, BASF SE, AMLD3D Limited, Wipro, Enterprises Pvt. Ltd., Proto Labs, Inc., Hoganas AB, Others.
Global Metal 3D Printing Market Segmentation:
By Type
-Hardware
-Metal 3D Printers- Market Size & Forecast 2019-2030, (USD Million)
-Material Handling Systems – Market Size & Forecast 2019-2030, (USD Million)
-Post-Processing Equipment- Market Size & Forecast 2019-2030, (USD Million)
-Metal Powders- Market Size & Forecast 2019-2030, (USD Million)
-Services – Market Size & Forecast 2019-2030, (USD Million)
-Prototyping- Market Size & Forecast 2019-2030, (USD Million)
-Production Manufacturing- Market Size & Forecast 2019-2030, (USD Million)
-Consulting and Design Services- Market Size & Forecast 2019-2030, (USD Million)
Software
-Design Software- Market Size & Forecast 2019-2030, (USD Million)
-Simulation and Analysis Tools- Market Size & Forecast 2019-2030, (USD Million)
-Workflow and Production Management Software- Market Size & Forecast 2019-2030, (USD Million)
By Material
-Titanium- Market Size & Forecast 2019-2030, (USD Million)
-Aluminum- Market Size & Forecast 2019-2030, (USD Million)
-Stainless Steels- Market Size & Forecast 2019-2030, (USD Million)
-Nickel Alloys- Market Size & Forecast 2019-2030, (USD Million)
-Cobalt Alloys- Market Size & Forecast 2019-2030, (USD Million)
-Others (Too Steel, Refractory Metals, etc.) – Market Size & Forecast 2019-2030, (USD Million)
By Application
-Prototyping – Market Size & Forecast 2019-2030, (USD Million)
-Tooling- Market Size & Forecast 2019-2030, (USD Million)
-Functional Parts Production- Market Size & Forecast 2019-2030, (USD Million)
-Customized Component- Market Size & Forecast 2019-2030, (USD Million)
-Spare Parts Manufacturing – Market Size & Forecast 2019-2030, (USD Million)
-Others (Architectural Components, Space Exploration, etc.) – Market Size & Forecast 2019-2030, (USD Million)
By End User
-Aerospace and Defense- Market Size & Forecast 2019-2030, (USD Million)
-Automotive- Market Size & Forecast 2019-2030, (USD Million)
-Healthcare- Market Size & Forecast 2019-2030, (USD Million)
-Consumer Goods- Market Size & Forecast 2019-2030, (USD Million)
-Industrial Machinery- Market Size & Forecast 2019-2030, (USD Million)
-Others (Jewelry, Art & Design, etc.)-Market Size & Forecast 2019-2030, (USD Million)
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By Region
-North America
-South America
-Europe
-The Middle East and Africa
-Asia-Pacific.
Key questions answered in the Global Metal 3D Printing Market are:
•What is Global Metal 3D Printing Market?
•What was the market size in 2023?
•What is the growth rate of the Global Metal 3D Printing Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Metal 3D Printing Market?
•What segments are covered in the Market?
•Who are the key players in the Global Metal 3D Printing Market?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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