Innovation on Metal Additive Manufacturing Market to Grow at a CAGR of 24.47% by 2020 Increase in Demand for Aircraft Engines from OEMs

Global Metal Additive Manufacturing Market Increase in use in industrial applications.


Albany, NY -- (SBWIRE) -- 12/08/2017 -- Metal additive manufacturing is a technique in which a scanned or digitally designed object is formed into a 3D solid using an additive process. In this process, metal powder is applied in successive layers with little wastage and subject to a concentrated energy source that melts and shapes the metal. Additive manufacturing products can be built from various materials, plastic and metals being the most common materials.

Metal additive manufacturing offers the following advantages over traditional manufacturing:
Design flexibility
Shorter lead time
Less wastage
Less assembly requirements
Lower total cost of ownership

The global metal additive manufacturing market to grow at a CAGR of 24.47% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global metal additive manufacturing market for 2016-2020.

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The market is divided into the following segments based on region:

Technavio's report, Global Metal Additive Manufacturing Market 2016-2020, 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.

Key vendors
SLM Solutions

Other prominent vendors
Concept Laser
Phenix Systems

Market driver
Increase in use of metal additive manufacturing in industrial applications
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Market challenge
Higher production cost
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Market trend
Increase in demand for aircraft engines from OEMs
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Key questions answered in this report
What will the market size be in 2020 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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