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3D Systems Corporation (US) and Stratasys Ltd. (US) are the Leading Player in the 3D Printing Metals Market

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3D Systems Corporation (US) and Stratasys Ltd. (US) are the Leading Player in the 3D Printing Metals Market

May 26
19:10 2020
3D Systems Corporation (US) and Stratasys Ltd. (US) are the Leading Player in the 3D Printing Metals Market

Browse 136 market data Tables and 35 Figures spread through 185 Pages and in-depth TOC on “3D Printing Metals Market”
3D Printing Metals Market by Form (Powder, Filament), Technology (PBF, DED, Binder Jetting, Metal Extrusion), Metal Type (Titanium, Nickel, Stainless Steel, Aluminum), End-Use Industry (A&D, Automotive, Medical & Dental), Region

The 3D printing metals market is estimated at USD 774 million in 2019 and is projected to reach USD 3,159 million by 2024, at a CAGR of 32.5% from 2019 to 2024. The growing demand for metal powders in the 3D printing process has led to significant developments in the 3D printing metals market.

Metal 3D printing is used to print fuel nozzles and other critical engine components that require high precision and accuracy in the aerospace & defense industry. 3D printing reduces the overall weight of an aircraft and thereby the fuel consumption gets reduced. 3D printing metals are also used to manufacture specific brackets for satellites without altering the mold designs and manufacturing process. The increasing demand for critical engineering and fabrication applications in the aerospace & defense industry is driving the segment.

North America is considered as the major regional market for 3D printing metals. Most of the research activities and new product developments have been confined to North America, and this will be the most dominant region as compared to other regions. The 3D printing metals market in the Asia Pacific region remains the fastest-growing market.

3D Systems Corporation (US), Stratasys Ltd. (US), Renishaw plc (UK), General Electric Company (US), Carpenter Technology Corporation (US), Materialise NV (Belgium), Voxeljet AG (Germany), Sandvik AB (Sweden), EOS GmbH Electro Optical Systems (Germany), The ExOne Company (US), and Proto Labs, Inc. (US) are key players in the 3D printing metals market. These companies are focused on investing in plant capacity expansions, contracts, new product developments, collaborations, and acquisitions. They also have the potential to broaden their product portfolios and compete with other key market players.

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3D Systems Corporation (US), is a leading player in the 3D printing metals market. The company offers a wide range of metal powders as well as 3D metal printers. It also provides software solutions for 3D printing. The company serves a wide range of end-use industries such as aerospace & defense and medical & dental. 3D Systems Corporation (US) adopted new product launches and expansions as the key strategies to expand its presence in the market. For instance, in July 2019, 3D Systems Corporation was awarded a contract worth USD 15 million from the Combat Capabilities Development Command Army Research Laboratory (ARL), to create the world’s largest, fastest, and precise 3D printer. This contract will increase the consumption of 3D printed metal parts & components in the aerospace and defense industry. The contract helped the company increase its product portfolio.

Stratasys Ltd. (US) is one of the leading providers of 3D printing and additive manufacturing solutions for rapid prototyping and direct digital manufacturing (DDM). It also develops, manufactures, and markets materials for the metal 3D printing marketplace. The company is focused on the expansion of its Stratasys Direct Manufacturing (SDM) business by adopting inorganic growth strategies. The company’s products have a strong application base across end-use industries, helping strengthen its position in the 3D printing metals market. Stratasys Ltd. is also strengthening its market presence through developments such as expansion. 

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