3D Metal Printing Machines Market is anticipated to grow significantly in the coming years due to increased applications in the healthcare industry. 3D metal printing is a type of additive technology that uses special CAD designs. They create detailed image from the all angles of given design with accuracy and offer great range of design and shapes and are capable of achieving higher complexities through different techniques. 3D metal printing machines offer zero wastage, since the powder left after use can be reused again for other applications.
The reasons for the growth of 3D metal printing machine market include increased applications in aerospace and defense sectors, increasing wind power generation, growing demand from healthcare sector, and rising investment by market players. Moreover, increasing focus by manufacturers for designing and manufacturing body structures and aircraft engines by using lightweight metals is also propelling the 3D metal printing machines market. Additionally, increase in incidences of cardiovascular and joint replacements procedures in geriatric population is expected to encourage the demand for 3D metal printing machines in healthcare industry.
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Growing investments in defence and aerospace industries in developing regions of Asia Pacific, high demand for dental implantation, and rise in gas turbine installation in North America is trending in the 3D metal printing machine market. Nonetheless, rise in applications in oil & gas industry and educational fields is expected to offer lucrative opportunities to the market.
In terms of application, 3D metal printing machines market is divided into medical and dental, automotive, aerospace and defence, and others. Aerospace and defence segment is expected to lead the market in the forecast period owing to the heavy investment for the adoption of novel technologies. Medical and dental segment also account for considerable share of the market due to increase in applications.
Geographically, 3D metal printing machines industry is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is projected to dominate the market in the forecast period due to increase in product launches and promotion strategies implemented by market players. Asia Pacific is also expected to contribute significantly to the market due to speedy industrialization in the developing economies, increase in private and government investments. Furthermore, Europe also accounts for noteworthy share of the market owing to booming aviation industry.
The key players in 3D metal printing machines market include Arcam, 3D Systems, EOS, EnvisionTEC, Renishaw, Stratasys, ExOne, SLM Solutions, Materialise, and Sciaky.
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