Global Metal 3D Printers Market to hit $2,240.28 Million by 2020

BLOOMINGTON, Minn. - Nov. 25, 2015 - PRLog -- BIS Research has come out with its meticulous report on Global Metal 3D Printers Market: Metal & Alloy (Titanium, Gold, Silver, Aluminum, Cobalt, Copper, Tungsten, and Nickel among Others), Application (Medical, Aerospace & Defense, Automotive, Fashion & Aesthetics, & Others - Analysis and Forecast (2015 –2020). According to the report, the market size of metal 3D printing is expected to grow to $2,240.28 million by the year 2020 at an expected double digit CAGR between 2015 and 2020. Up till the year 2011, high initial set-up cost, non-availability of qualified metals to be used as raw material along with other restraints inhibited the overall growth of metal 3D printing. However, with the advent of technology the applications surrounding metal 3D printing have evolved, as can be seen from the growth that this industry has incurred from the year 2013, when the revenue was less than half of what it is expected to be by the end of year 2015.

The proliferation of 3D printing technology at an industrial level can be attributed to the growing advancement in the arena of metal 3D printing. The process of metal 3D printing is now paving its way into the mainstream manufacturing industry. Owing to the gradual developments occurring in the field of technology as a whole, metal 3D printing is now proving to be an indispensable part of the manufacturing sector. Factors like increased government funding towards 3D printing in various countries and customizability are driving the overall market growth in this domain. Although, the market is still relatively fragmented, mainstay industrial players are resorting to mergers, acquisitions and product launches imbibing the latest technologies in an attempt to increase their overall market share.

The market analysis includes a detailed examination of the market drivers, opportunities, and growth trends mapped across different technologies, industry verticals, and geographies. The industry analysis presents detailed insights into the attractiveness of the metal 3D printing industry by analyzing the Porter’s five forces in a quantified manner. It presents an exhaustive overview of the activities being undertaken by various stakeholders. The metal and metal alloys used in 3D printing are analyzed including the market size and growth opportunities related to the material market. The industry vertical analysis presents meticulous market statistics for different verticals that are Automotive, Aerospace & Defense, Healthcare, and Fashion & Aesthetics.

The study also talks about the major trends, market dynamics, competitiveness among the metal 3D printer’s market players, and finally, presents comprehensive market size insights for the current and forecasted period for overall metal 3D printing market. The report also details the metal and metal alloys that are currently used in manufacturing of direct parts from 3D printers. Some of the central technologies of metal 3D printers are analyzed in order to understand the nature of market competition with respect to the facet of technology. Moreover, the metal 3D printing market is also analyzed in different industry verticals such as Automotive, Aerospace & Defense, Healthcare, and Fashion & Aesthetics among others.

The report deals with all the drivers, restraints, and opportunities with respect to the metal 3D printing market which are helpful in identifying the trends and key success factors for the industry. Lastly, the report deals with detailed competitive landscape and various company profiles of all key players across the metal 3D printing ecosystem. The report also formulates the entire value chain of the market, along with industry trends of metal 3D printing industry verticals used with emphasis on market timelines & technology roadmaps. We exhaustively use both primary sources (in-house experts, industry thought leaders, market players, and independent consultants) and secondary sources (a host of paid online databases) along with analytical tools to build our forecast and predictive models.

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Business Intelligence and Strategy Research is a research and advisory company which focuses on emerging trends in the market. BIS Research is known for in-depth global market intelligence reports covering important industries like Semiconductor, Telecom, Information Technology and other emerging technologies. We follow a proven methodology which carries important information from our primary and secondary research followed by a deep analysis.

BIS Research offers a whole array of industry verticals which proffer clients end-to-end solutions of market intelligence research. Some of the verticals that have been covered by the company include Automotive Sensors, 3D Printing, Process Automation Technology, Wearable Electronic Technology, and Internet of Things among others.