Metal Additive Manufacturing Market- Roadmap for Recovery from COVID-19 | Increase in Demand from the Automobile Industry to boost the Market Growth | Technavio
September 25, 2020
LONDON–(BUSINESS WIRE)–Technavio has been monitoring the metal additive manufacturing market and it is poised to grow by USD 4.42 billion during 2020-2024, progressing at a CAGR of over 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
Based on segmentation by application, which is the leading segment in the market?
The aerospace industry is expected to be the leading segment based on application in the global market during the forecast period.
What are the major trends in the market?
Rise in R&D activities is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 14%, the incremental growth of the market is anticipated to be USD 4.42 billion.
Who are the top players in the market?
3D Systems Corp., EOS GmbH Electro Optical Systems, General Electric Co., Materialise NV, Norsk Titanium AS, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., The ExOne Company, and TRUMPF GmbH + Co. KG. are some of the major market participants.
What are the key market drivers and challenges?
Increase in demand from the automobile industry is one of the major factors driving the market. However, the high production costs restraints the market growth.
How big is the North America market?
The North America region will contribute 32% of market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. 3D Systems Corp., EOS GmbH Electro Optical Systems, General Electric Co., Materialise NV, Norsk Titanium AS, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., The ExOne Company, and TRUMPF GmbH + Co. KG are some of the major market participants. The increase in demand from the automobile industry will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Metal Additive Manufacturing Market 2020-2024: Segmentation
Metal Additive Manufacturing Market is segmented as below:
Tools and Mold
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Metal Additive Manufacturing Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The metal additive manufacturing market report covers the following areas:
Metal Additive Manufacturing Market Size
Metal Additive Manufacturing Market Trends
Metal Additive Manufacturing Market Analysis
This study identifies the rise in R&D activities as one of the prime reasons driving the metal additive manufacturing market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Metal Additive Manufacturing Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist metal additive manufacturing market growth during the next five years
Estimation of the metal additive manufacturing market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the metal additive manufacturing market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of metal additive manufacturing market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Drivers, Challenges, and Trends
Volume driver – Demand led growth
Volume driver – Supply led growth
Volume driver – External factors
Volume driver – Demand shift in adjacent markets
Price driver – Inflation
Price driver – Shift from lower to higher priced units
Market positioning of vendors
3D Systems Corp.
EOS GmbH Electro Optical Systems
General Electric Co.
Norsk Titanium AS
SLM Solutions Group AG
The ExOne Company
TRUMPF GmbH + Co. KG
Scope of the report
Currency conversion rates for US$
List of abbreviations
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