3D Printing Metals Market’s Oppportunities And Challenges

January 25 19:13 2020
3D Printing Metals Market’s Oppportunities And Challenges

Browse 142 market data Tables and 37 Figures spread through 167 Pages and in-depth TOC on “3D Printing Filament Market”
3D Printing Filament Market by Type (Plastics, Metals, Ceramics), End-Use Industry (Aerospace & Defense, Medical & Dental, Automotive, Electronics), Region (North America, Europe, Asia Pacific, MEA, South America)

3D Printing Metals Market was valued at USD 452.0 million in 2017 and is projected to reach 2,089.7 million by 2023, at a CAGR of 28.8% during the forecast period.

Limited design tools

The 3D printing industry is witnessing a rapid growth with the mass customization of designs and end products. However, it faces a challenge related to the designing of very complex shapes using existing design tools. Although several companies are focusing on developing software specifically for 3D printing to analyze and explore the benefits of 3D printing technologies, the lack of skilled workforce to cope with new versions of the design tools will continue to challenge market growth. The advancements in material science have to be in sync with the design tools and 3D printing machines, as all these have to be integrated to produce the final product. Along with the development of new design tools and printing technologies, awareness should also be created about the benefits of 3D printing to draw the attention of several industries, particularly small- and medium-scale enterprises (SMEs).

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267169690

Potential to enhance manufacturing and supply chain management

The 3D printing metals market, which has been growing at a significant rate, has the potential to change manufacturing and supply chain management. Metal 3D printing provides several advantages, such as mass customization and short production runs. Unlike traditional manufacturing processes, metal 3D printing eliminates the tooling requirement. Although traditional manufacturing costs less per unit produced, it has high up-front costs for tooling, and the production is more expensive compared to 3D printing for low-volume manufacturing.

Metal 3D printing also helps in reducing the waste produced during the manufacturing process by building a part using a layer-on-layer process. Additionally, additive manufacturing helps several companies to reduce waste during prototype transitions, subsequently lessening operational costs. Although the scope of the parts that will be manufactured through this technology is uncertain, metal 3D printing is expected to change the supply chain management, which may, in turn, affect the boundary between manufacturers and customers in a certain type of products or parts. The 3D printing metals market has been experiencing advancement in printers and printing technologies, improvement in the materials used, and development in the workforce in terms of skill. The market is expected to grow significantly by 2025, by which time the production is expected to be standardized.

Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=267169690

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/3d-printing-filament-market-267169690.html

  Categories: