3D Metal Printing Machines Market is
anticipated to grow significantly in the coming years due to increased
applications in the healthcare industry. 3D metal printing is a type of
additive technology that uses special CAD designs. They create detailed image
from the all angles of given design with accuracy and offer great range of
design and shapes and are capable of achieving higher complexities through
different techniques. 3D metal printing machines offer zero wastage, since the
powder left after use can be reused again for other applications.
The reasons for the growth of 3D metal printing machine
market include increased applications in aerospace and defense sectors,
increasing wind power generation, growing demand from healthcare sector, and
rising investment by market players. Moreover, increasing focus by
manufacturers for designing and manufacturing body structures and aircraft
engines by using lightweight metals is also propelling the 3D metal printing
machines market. Additionally, increase in incidences of cardiovascular and
joint replacements procedures in geriatric population is expected to encourage
the demand for 3D metal printing machines in healthcare industry.
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Growing investments in defence and aerospace industries in
developing regions of Asia Pacific, high demand for dental implantation, and
rise in gas turbine installation in North America is trending in the 3D metal
printing machine market. Nonetheless, rise in applications in oil & gas industry
and educational fields is expected to offer lucrative opportunities to the
market.
In terms of application, 3D metal printing machines market
is divided into medical and dental, automotive, aerospace and defence, and
others. Aerospace and defence segment is expected to lead the market in the
forecast period owing to the heavy investment for the adoption of novel
technologies. Medical and dental segment also account for considerable share of
the market due to increase in applications.
Geographically, 3D metal printing machines industry is
segmented as North America, South America, Europe, Asia Pacific, and Middle
East & Africa. North America is projected to dominate the market in the
forecast period due to increase in product launches and promotion strategies
implemented by market players. Asia Pacific is also expected to contribute
significantly to the market due to speedy industrialization in the developing
economies, increase in private and government investments. Furthermore, Europe
also accounts for noteworthy share of the market owing to booming aviation
industry.
The key players in 3D metal printing machines market include
Arcam, 3D Systems, EOS, EnvisionTEC, Renishaw, Stratasys, ExOne, SLM Solutions,
Materialise, and Sciaky.
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