According to the research report titled ‘Global 3D Printing Metals Market Size study, by Form (Powder, Filament), Technology (PBF, DED, Binder Jetting, Metal Extrusion), Metal Type (Titanium, Nickel, Stainless Steel, Aluminum), End-Use Industry (A&D, Automotive, Medical & Dental) and Regional Forecasts 2020-2027’, available with Market Study Report, global 3D printing metals market was remunerated at USD 0.77 billion in 2019 and is predicted to expand at 32.5% CAGR over the assessment period, accumulating USD 7.3 billion by the year 2027.
 

Surging demand from aerospace & defense as well as automotive industries, emphasis on reducing waste generation during production, low manufacturing costs, and mass customization of products with complex design and structure are the key factors stimulating global 3D printing metals market growth.
 

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For those unversed, 3D metal printing is a manufacturing technique that is used to create intricate structures and miniature designs. The technique has made it easier for manufacturers to design and create complex structures. Herein, parts are built layer by layer, increasing output precision. In most cases, this process only requires metal powder, which can be used to create various parts and components according to the manufacturer's requirements.
 

Moreover, leading organizations are adopting tactics like product launches, funding, investing, partnerships & agreements, mergers & acquisitions, and others to gain competitive advantage, further adding impetus to worldwide 3D printing metals industry expansion. Citing an instance, Renishaw plc, in 2019, teamed up with Sandvik Additive Manufacturing to qualify for production applications with newly launched additive manufacturing (AM) products.
 

Despite the promising trajectory of worldwide 3D printing metals industry, hefty cost of metal, and restrictions associated with printer size are anticipated to impede the business expansion over the forecast timespan.  
 

Elaborating on the regional front, North America currently holds major portion of global 3D printing metals market share, attributable to surging demand from automotive and aerospace & defense industries.
 

Meanwhile, Asia Pacific industry is slated to grow substantially through 2027, owing to decreased waste generation during 3D printing production technique, lesser lead times, low manufacturing costs, and mass customization of products with complex design and structure.
 

Major contenders in global 3D printing metals market sphere are Electro Optical Systems Inc., Sandvik AB, Voxeljet AG, Materialise NV, The ExOne Company, Carpenter Technology Corporation, EOS GmbH, General Electric Company, Stratasys Ltd., Renishaw plc, and 3D Systems Corporation.