Albany, NY -- (SBWIRE) -- 08/04/2017 -- 3D printing is a technique in which a scanned or digitally designed object is formed into a three-dimensional solid using an additive process. In this process, metal is applied in successive layers with very less wastage. 3D printing products are built from materials that are alternatives to conventional plastic and metals. The global metal material-based 3D printing market will grow at a rapid rate during the forecast period. The growth is attributed to the emerging demand from the aerospace and healthcare industry. 3D printing metals help in achieving complex geometries, extreme requirements, and weight reduction for the aerospace industry.
The global metal material based 3D printing market to grow at a CAGR of 10.16% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global metal material based 3D printing market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, Global Metal Material Based 3D Printing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- Arcam
- EOS
- Hoganas
- Sandvik
- SLM Solutions
Other prominent vendors
- Concept Laser
- ExOne
- Renishaw
Market driver
- Support from government and other organizations.
- For a full, detailed list, view our report
Market challenge
- High cost of printers and materials leading to high production cost.
- For a full, detailed list, view our report
Market trend
- Increase in demand for aircraft engines from OEMs.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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