Global 3D Metal Printing Machines Market 2017-2021
About 3D Metal Printing Machines
3D printing is the technique of printing an object using additive processes that involve laying down of successive layers of material for creation of an object. The object so created can be thinly sliced into a horizontal cross-section for viewing the different layers. Before a structure is printed, its model is prepared on a software. The model is then divided into thousands of horizontal layers by a process called slicing. These slices are then fed into a 3D printer and the structure is printed. 3D metal printing is gaining popularity as metals offer a unique combination of properties to suit different applications. The advantage of using this technique is that it does away with a majority of the wasteful process. For instance, almost 90% of material is put to waste when aircraft is manufactured. The 3D metal printing technique uses less energy and reduces waste. Moreover, the structure so created is almost 60% lighter in weight.
Technavio’s analysts forecast the global 3D metal printing machines market to grow at a CAGR of 26.80% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global 3D metal printing machines market for 2017-2021. To calculate the market size, the report considers demand for 3D metal printers from various end-users.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global 3D Metal Printing Machines Market 2017-2021
Technavio recognizes the following companies as the key players in the global 3D metal printing machines market: 3D Systems, Arcam, EOS, and Renishaw
Other Prominent Vendors in the market are: EnvisionTEC, ExOne, Materialise, Sciaky, SLM Solutions, and Stratasys.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased investments in the aerospace and defense sector in APAC. For the aerospace industry, 3D printing technology is used for creating engine structures. The structures created by using this technique are light weight and steady, and hence this technique has been gaining popularity among aircraft manufacturers. Manufacturers have adopted the technology readily.”
According to the report, one of the major drivers for this market is Demand from the expanding automotive industry. While manufacturing automotive vehicles, manufacturers must take many factors into consideration. Some of the factors include energy efficiency, reduced CO₂ emissions, reducing cost and yet innovating new models. 3D metal printing offers an effective solution to these considerations. The technology offers flexibility in customization and helps in manufacturing without tools. Moreover, the structures so created are light in weight and maintain rigidity. These advantages have led to the increased adoption of technology in the automotive industry. Increasing disposable income and changing consumer lifestyle have led to an increased demand for new, fuel-efficient, technologically advanced cars that are equipped with more safety measures. Moreover, there has been easy access to finance, which has further created the demand for cars.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuating metal prices. 3D metal printing machines are exposed to the risk of fluctuating metal prices as end-users are heavily dependent on metals as a key raw material. Manufacturers try to recover the instability in the cost of metals through negotiated price changes in the final product. However, in such instances, the changes in selling price may lag the metal prices by a period. This delay happens as time is required to implement the necessary modifications to the customer pricing strategy.
3D Systems, Arcam, EOS, Renishaw, EnvisionTEC, ExOne, Materialise, Sciaky, SLM Solutions, and Stratasys.