World 3D Metal Printing Market to Reach Value of USD 2.86 Bn by 2025, Forecasts Grand View Research in Its Report Available at MarketPublishers.com
22 Jun 2017 • by Natalie Aster
LONDON – Today, metals are recognized as the most rapidly growing 3D printing materials globally; this is attributed to wide application area together with escalating demand from the key end-use industries. During the past several years, the 3D metal printing market has seen remarkable advancements both in terms of materials and technologies, in order to facilitate mass and low-cost production and increase flexibility in designs.
The value of the world’s 3D metal printing market is anticipated to touch USD 2.86 billion by the year 2025.
The powder sector is poised to exhibit the highest growth pace (a 30% CAGR) through 2025, primarily due to impressive technological developments in the metal printers field.
Amid all applications, the aerospace and defense sector took lead in the overall 3D metal printing market in 2015, capturing a share of more than 35%. This segment is predicted to experience sustainable growth through 2022 owing to strong demand in aircraft engine, military aircraft, complex weapon systems, commercial aircraft, munition components, high volume weapons, etc.
During 2017-2025, the world’s 3D metal printing market is anticipated to see the highest CAGR in the APAC region (appr. A 30% CAGR). This regional market will likely be driven by supportive government policies, robust industrial development, high investments in research and development in Japan, South Korea and China.
In-demand research study “3D Metal Printing Market Analysis By Product, By Application, By Form, By Region, By Country, And Segment Forecasts, 2014 - 2025” prepared by Grand View Research gives a detailed analysis of the market landscape at different geographical levels as well as uncovers updated statistics. It sheds light on the market dynamics and key growth influencing forces, discusses the prevailing trends and identifies the major growth challenges and opportunities. Besides, the research study offers a comprehensive overview of the key market sectors, delves into competitive landscape, touches upon the regulative norms and also provides a future outlook for the 3D metal printing market through 2025.
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