DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/mfppzp/global_metal_3d) has announced the addition of the “Global Metal 3D Printers Market: Analysis and Forecast (2015-2020)” report to their offering.
The market size of metal 3D printing is expected to grow to $2,240.28 million by the year 2020 at double digit CAGR. This increase can be attributed to the widespread acceptability of metal 3D printing in major industrial verticals like Aerospace & Defense, Healthcare and Automotive sector. 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.
According to this new report, factors like increased government funding towards 3D printing in various countries and customization 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.
1 Executive Summary
2 Report Scope & Methodology
3 Market Dynamics
4 Competitive Analysis
5 Metal & Alloys Market
6 Metal 3D Printing Market, By Technology
7 Metal 3DPrinting Market, By Industry Vertical
8 Geographic Analysis
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/mfppzp/global_metal_3d