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Feb 04, 2021 (Industry Perception Stories) —
According to the report, the worldwide 3D printing metal market generated $147.2 million in 2018, and is approximated to attain $796.3 million by 2026, witnessing a CAGR of 23.5% from 2019 to 2026.
Primary determinants of growth
Surge in penetration of bio-based mostly products and technological enhancements drive the progress of the international 3D printing metal industry. Even so, substantial fees connected to raw products and approaches hinder the market place development. On the other hand, quickly expanding industries including healthcare, automotive, and aerospace & defense make new possibilities in coming years.
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The aluminum segment to maintain its leadership standing throughout the forecast period of time
Based on sort, the aluminum segment accounted for the largest market share in the global 3D printing steel market in 2019, contributing to around 50 % of the complete share, and is estimated to preserve its management position in the course of the forecast period. This is thanks to surge in use in automotive industry with its properties this kind of as strength, lightweight, and precision. Having said that, the steel phase is believed to develop with a CAGR of 24.2% from 2019 to 2026.
The powder segment to sustain its greatest share by 2026
Centered on variety, the powder section accounted for nearly 3-fourths of the full share of the world 3D printing metal market in 2019, and is predicted to retain its highest share by 2026. This is owing to surge in utilization in applications these types of as health-related, aerospace, and fast tooling places. Even so, the filament segment is envisioned to portray the maximum CAGR of 24.1% from 2019 to 2026, owing to enhance in usage of steel, laywood, paper, and some others that offered in the type of filaments.
North America to retain its lead situation in the course of the forecast time period
Based mostly on area, North The united states accounted for the largest market share, contributing to far more than two-fifths of the worldwide 3D printing steel sector in 2019, and is approximated to preserve its lead position in the course of the forecast period. This is owing to rise in software of 3D printing steel in medical sector together with utilization for developing light-weight areas and devices in the aerospace and car sector in the area. However, Asia-Pacific would develop at the fastest CAGR of 24.2% from 2019 to 2026. This is owing to surge in financial commitment by market gamers which include Stratasys, EOS GmbH, 3D Programs, and Arkema together with collaborations.
Major sector gamers
- 3D Systems
- Arcam AB
- Autodesk, Inc.
- Stratasys Ltd.
- The ExOne Business
- Hoganas AB
- Optomec, Inc.
- Organovo Holdings, Inc.
- Ponoko Restricted
- Voxeljet AG
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