Global Metal Additive Manufacturing Systems Market Overview:
Metal Additive Manufacturing is majorly known as 3D printing. Metal Additive Manufacturing is a growing technology that is evolving in the face of the manufacturing industry. It is evolving at a rapid pace across the globe. The United States and are spearheading the early development of metal additive manufacturing. These Western regions including North America and Europe cover more than two-thirds market share ~68%. Talking about India, it is considered in the challenging region or as one of the emerging countries in metal additive manufacturing. Some of the key players profiled in the study are Renishaw (United Kingdom), SLM Solutions (Germany), GE additive (Germany), Evonik (Germany), GKN Sinter Metals Engineering GmbH (Germany), 3D Systems, Inc. (United States), Stratasys Ltd. (Israel), ExOne (United States), EnvisionTEC (Germany) and EOS (Germany).
On the basis of geography, the market of Metal Additive Manufacturing Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Industrial Machinery will boost the Metal Additive Manufacturing Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Printer will boost the Metal Additive Manufacturing Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Technology Advancement in CAD Software Solutions
- Large Scale Capital Investment
- Greater Number of 3D Printing Applications
- 3D Printing Start-Ups Emerged
- Accelerating Integration of 3D Printing Factors and Resources
- Relevancy in Manufacturing 4.0
- The Major Trend in the Manufacturing Industry Revolutionize the Businesses by Providing a Radically New Method of Production for Better Design and Low Cost of Productivity
- Develop New Business Models and New Sources of Growth and Revenue
- Lack of Raw Material Availability
- Issues Related to Costs, Quality, and Development
- Increasing Investments in the Indian Manufacturing sector have been on the rise, both domestic and foreign. Coupled with gross fixed capital formation, which represents net investments of approximately (~USD 405.88 billion) through FY 2019-20. Along with that Government Initiatives such as “Make in India” as well as specific incentives to manufacturing companies, are aiming towards supporting the 3D printing.
- Less Number of Additive Manufacturing Companies
Major Market Developments:
In Jun 2020, EOS announced the expansion of its range of premium and core metal materials for additive manufacturing. The company revealed seven new products for the EOS M 290, EOS M 300-4, and EOS M 400-4 systems. Through this initiative, the company is trying to become more competitive in this market.
There are various companies are operating in this market are exploring the market in new geographical regions by adopting various initiatives such as mergers & acquisitions, expansions, investments, new solution launches and collaborations as their strategies. This market is seeing trend is now rapidly shifting towards industrial & manufacturing applications, owing to growing awareness and declining prices for industrial 3D printers. Because of this, there are various new market players are entering in this market.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Metal Additive Manufacturing Systems Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Metal Additive Manufacturing Systems market on the basis of product [Powder Bed Fusion, Directed Energy Deposition, Binder Jetting and Sheet Lamination] , application [Prototyping, Production and Proof of Concept Models], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Metal Additive Manufacturing Systems market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Metal Additive Manufacturing Systems industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Materialise NV (Belgium).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Metal Additive Manufacturing Systems market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.