Rising emergence to reduce emissions along with the features of light weight and functional integrated partsare the major factors influencing market growth.
The global additive manufacturing with metal powders market is expected to reach USD 65.70 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with increasing demand in the automotive industry globally. Based on statistics, Affordable Manufacturing cost is expected to become the most common growth interest globally in the coming years. High customer Requirements and Global Enhanced demand from aerospace and automation industryare also significant factors stimulating market demand.
The term Additive manufacturing is also known as the fabrication of objects through the deposition of a material by using a print head, nozzle, along with another printer technology. Additive manufacturing with metal powders is the process of joining elements to make objects from 3D model data, usually layer upon layer, as exposed to subtractive production methodologies such as machining.
Key companies profiled in the report include
APC, 3D Systems, ATI Metals, AddUp Solutions (Fives/Michelin), Additive Industries, Alcoa/Arconic, Concept Laser, Arcam, Carpenter, EOS.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Additive Manufacturing with Metal Powders market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Additive Manufacturing with Metal Powders Market Segmentation based on Types:
Product Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Plastic
- Metal
- Alloy
Technology Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Laser based-powder bed fusion
- Bluetooth AntennaBlown powder
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Aerospace
- Automotives
- Medical
- Energy utilities
- Oil gas
Metal powder specification Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- spherical geometry
- Particle size
Further key findings from the report suggest
- Alloy is projected to be one of the fastest growing Product of the market. The segment is projected to grow at a CAGR of 14.5% in the forecast period.
- Expanding influence towards light weight and functionally combined parts in automotive and aerospace industry to reduce environmental impact along with biodegradable implants for medical treatments is expected to drive additive manufacturing (AM) with metal powders market growth. Increased usage of AM in fabrication of aerospace, end-use products in automotive, oil gas, dental restorations, and medical implants should propel technology demand.
- North American market is forecasted to grow at a CAGR of 14% in the coming years. The usage of smart phones and penetration of IoT is considered to be one of the leading factors of the market growth.
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