China Metal 3D Printing Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of China Metal 3D Printing market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report “China Metal 3D Printing Market Analysis, 2020”, the China Metal 3D Printing market is anticipated to grow at a CAGR of around 34% during 2021-26F. The Metal 3D printing industry in the country is growing fast rate after a long period of stagnation due to the perennial development of metal 3D printing and rising focus on advanced and green technology. The burgeoning application of 3D printing in design visualization, prototyping, architecture, healthcare, entertainment, retail coupled with the increasing foothold of the market player in the country and the rising number of 3D printing startups are propelling the growth of the market. Moreover, a boost in government initiatives to influence the adoption of 3D printing, strong growth in the automotive, and consumer electronics industry, and escalating demand for metal powders and 3D printers in the aerospace industry are some of the major factors anticipated to proliferate the demand for metal 3D printing in the forthcoming period.
Besides these, the COVID-19 outbreak has a pessimistic impact on the market growth on account of a significant decline in the demand for 3D printing due to the closure of the manufacturing units. However, the market has gained pace and is projected to propel at a high rate in the near future.
Metal Extrusion Acquired a Considerable market share
Based on Technology, Metal Extrusion technology acquired a considerable market share in the China Metal 3D printing market in 2019. Material extrusion is known as Fused Filament Fabrication (FFF) and is becoming increasingly popular among the end-user industries due to the low cost associated with extrusion technology of metal 3D printing support the end-users can take benefit from the metal 3D printing such as assembly consolidation, internal channels, and optimized structures.
Moreover, the demand for Material/Binder Jetting technology is also surging at a substantial rate as it is used across a number of industries such as automotive, medical, industrial, and consumer products as it provides realistic prototypes, excellent level of detail, high accuracy, and smooth surface finish. Moreover, it also allows designers to print a design in multiple colors and with a number of materials in a single print. Hence, this is projected to strongly contribute towards the growth of the Metal 3D Printing market in China in the near future as revealed by the MarkNtel Advisors’ research report “China Metal 3D Printing Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the China Metal 3D Printing market include 3D System Corporation, Hoganas AB, Arcam AB, Renishaw, PLC, The ExOne Company, Electro-Optical Systems (EOS) GmbH, Optomec, Inc., Sciaky Inc., Additive Industries, SLM Solutions Group GmbH, etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on China Metal 3D Printing Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of China Metal 3D Printing Market during 2021-26F?
A. The China Metal 3D Printing Market is forecast to grow at a CAGR of 34% during 2021-26F.
Q. Who are the key competitors or players operating in China Metal 3D Printing Market?
A. 3D System Corporation, Hoganas AB, Arcam AB, Renishaw, PLC, The ExOne Company, Electro Optical Systems (EOS) GmbH, Optomec, Inc., Sciaky Inc., Additive Industries, SLM Solutions Group GmbH etc., are few of the leading players in the China Metal 3D Printing Market.
Q. Which application segment would emerge as an opportunity area for players in China Metal 3D Printing Market?
A. Aerospace & Defense is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which technology would emerge as an opportunity area for players in China Metal 3D Printing Market?
A. Material/Binding Jetting grabbed continue to grow at a highest CAGR, presenting immense opportunities for market players of China Metal 3D Printing Market.