Do. Mrz 28th, 2024

The market dynamics for metal 3D printing is prone to various driving and restraining factors. The growing adoption of this technology towards the various end-use industries, such as aviation, aerospace and defense, and medical and healthcare, has been pushing this market with greater thrust. The major factors for the increased adoption of this technology can be attributed to the cost-effectiveness of the process, meaning that despite having high initial costs associated with the process, it serves as an economical manufacturing route as it is capable of producing in-house metal objects in quick time, without getting affected by disruptions in the supply chain. Also, the technology offers greater design flexibility and is capable of producing complex objects which are highly cumbersome to produce through conventional manufacturing techniques. However, there are certain factors which have been restricted the widespread adoption of the technology, such as high initial investments, which include prices of metal powders and metal 3D printers followed by proper education and research and development (R&D) for getting accustomed to the technology and creating a skilled workforce. As the technology is still in its development stage for various metals/alloys, the issue related to the strength of the 3D printed objects always prevails. The process needs various optimizations during its operation followed by the post-processing steps, such as heat treatment, meant for relieving the residual internal stresses. In the long run, as the technology gets matured with more enhancements/improvisations in the process, these restraints and problems are expected to get sorted. For instance, SLEDM has the potential of replacing the usual SLM and EBM processes of powder-bed fusion as it capable of reducing the time consumption toward the high-volume metal 3D printing and the manual post-processing steps.

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North America is expected to dominate the metal 3D printing market during the forecast period (2020-2025). This can be attributed to the high adoption of metal 3D printing in the U.S. toward various aerospace, defense, and aviation projects. Some of the end-use companies / firms / organizations utilizing this technology are GENERAL ELECTRIC, Boeing, National Aeronautics and Space Administration (NASA), and U.S. Army.

North America, Europe, and Asia-Pacific Japan (APJ) hold significant shares in the global metal 3D printing market. In terms of revenue generation for this market, North America has been dominating as the region consisting of U.S. possesses a very healthy business ecosystem of this technology. The country is well-equipped with ample amount of market players in each stage of the supply chain and has also been actively investing towards the new innovations and research and developments (R&Ds).

There has been high adoption of this manufacturing technique in aerospace, defense, and military applications with great sums of investments. As a result, the region of North America is expected to dominate the metal 3D printing market during the forecast period (2020-2025).

Europe is the second-largest market globally mainly due to the healthy adoption of metal 3D printing in aerospace and healthcare sectors in Germany, Italy, and France. Some of the countries of this region have developed national strategies for strengthening the market of metal 3D printing within themselves.

The competitive landscape of the metal 3D printing market consists of different business and corporate strategies undertaken by the major players across the entire value chain to gain market presence. Some of the business strategies adopted by the market players of the metal 3D printing market are product developments and market developments, while the corporate strategies adopted are mergers and acquisitions, partnerships, collaborations, and joint ventures. The metal 3D printing industry landscape is very competitive because of the large number of players in the market. Innovation and development have been the key factors for large scale growth in this market. To increase their overall global footprint, companies are also entering into mergers and acquisitions in addition to the partnerships and collaborations to target a greater audience.

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