Metal Additive Manufacturing Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increase in Demand From the Automobile Industry to Boost the Market Growth | Technavio
LONDON–(BUSINESS WIRE)–#GlobalMetalAdditiveManufacturingMarket–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 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
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. To make the 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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The increase in demand from the automobile industry has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Metal Additive Manufacturing Market 2020-2024: Segmentation
Metal Additive Manufacturing Market is segmented as below:
- Tools and Mold
- North America
- South America
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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 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:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- 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
- Market condition
Drivers, Challenges, and Trends
- Market drivers
- 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 challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- 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
- TRUMPF GmbH + Co. KG
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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