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3D Printing Metal Market Size to Reach USD 5,739.0 Million in 2027 | Increasing Application of 3D Printing Owing to Low Waste and Cost-Effective Manufacturing Processes is One of the Key Factors Driving Industry Demand, says Emergen ResearchVANCOUVER, BC, Aug. 4, 2021 /PRNewswire/ -- The global 3D printing metal market size is expected to reach USD 5,739.0 million in 2027 at a CAGR of 28.4% during the forecast period, according to the latest analysis by Emergen Research. Increasing demand for cost-effective, lightweight, and durable materials from the aerospace and defense and automotive sector has boosted the usage of 3D printing and is a key factor expected to drive market revenue growth over the forecast period. In addition, increasing flexibility of design and production, easy fabrication of intricate and lightweight components, and deployment of 3D printing metal for prototyping are some other key factors expected to drive revenue growth of the market going ahead. Metal 3D printing enables direct manufacturing of complex end-use components, facilitates manufacturing tooling, and reduces expenditure and lead times. The technology is an efficient combination of design flexibility offered by 3D printing and robust mechanical properties of metals. 3D printing metal can boost the production of parts with a drastic reduction in costs and efforts as compared to conventional manufacturing processes, even during low- to mid-volume production runs. Lightweight and intricate components produced through 3D printing provide enhanced strength and durability to aircraft and improve fuel efficiency. More and more industries and manufacturing firms are leveraging 3D printing technologies to design and develop unique components. This trend is expected to continue going ahead and contribute to revenue growth of the market. Free sample PDF Copy of the Report available@ https://www.emergenresearch.com/request-sample/193 However, high costs of premium metals such as titanium and increasing challenges faces by 3D printing for mass and serial production are expected to hamper market growth to a certain extent over the forecast period. Some Key Highlights in the Report:
For the purpose of this report, Emergen Research has segmented the global 3D printing metal market on the basis of form, metal type, technology, industry vertical, and region: Form Outlook (Revenue, USD Million; 2017-2027)
Metal Type Outlook (Revenue, USD Million; 2017-2027)
Technology Outlook (Revenue, USD Million; 2017-2027)
Industry Vertical Outlook (Revenue, USD Million; 2017-2027)
Have a look at Report Description and Table of Contents of Market Research Report@ https://www.emergenresearch.com/industry-report/3d-printing-metal-market Regional Outlook (Revenue, USD Billion; 2017-2027)
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