Dublin, Oct. 30, 2017 (GLOBE NEWSWIRE) -- The
"Global 3D Metal Printing Machines Market 2017-2021" report has been added to Research and Markets' offering.
The global 3D metal printing machines market to grow at a CAGR of 26.80% during the period 2017-2021.
Global 3D Metal Printing Machines Market 2017-2021, 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. To calculate the market size, the report considers demand for 3D metal printers from various end-users.
The latest trend gaining momentum in the market is Increased investments in the aerospace and defense sector in APAC. For the aerospace industry, 3D printing technology is used for creating engine structures. The structures created by using this technique are light weight and steady, and hence this technique has been gaining popularity among aircraft manufacturers. Manufacturers have adopted the technology readily.
According to the report, one of the major drivers for this market is Demand from the expanding automotive industry. While manufacturing automotive vehicles, manufacturers must take many factors into consideration. Some of the factors include energy efficiency, reduced CO emissions, reducing cost and yet innovating new models. 3D metal printing offers an effective solution to these considerations. The technology offers flexibility in customization and helps in manufacturing without tools. Moreover, the structures so created are light in weight and maintain rigidity. These advantages have led to the increased adoption of technology in the automotive industry. Increasing disposable income and changing consumer lifestyle have led to an increased demand for new, fuel-efficient, technologically advanced cars that are equipped with more safety measures. Moreover, there has been easy access to finance, which has further created the demand for cars.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuating metal prices. 3D metal printing machines are exposed to the risk of fluctuating metal prices as end-users are heavily dependent on metals as a key raw material. Manufacturers try to recover the instability in the cost of metals through negotiated price changes in the final product. However, in such instances, the changes in selling price may lag the metal prices by a period. This delay happens as time is required to implement the necessary modifications to the customer pricing strategy.
- 3D Systems
Other prominent vendors
- SLM Solutions
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By End-User
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/b44dnv/global_3d_metal
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