Metal Additive Manufacturing Market to Grow at 24.47% CAGR Driven by Demand for Aircraft Engines from OEMs to 2020

RnRMarketResearch.com adds Global Metal Additive Manufacturing Market 2016-2020 latest research report, the analysts forecast global metal additive manufacturing market to grow at a CAGR of 24.47% during the period 2016-2020.

A trend boosting metal additive manufacturing market growth is the increase in demand for aircraft engines from OEMs. Advances in CAD, materials, and technologies used in additive manufacturing are increasing the use of printed parts for functional use in engines. Steel, nickel, aluminum, titanium, and their alloy combinations are being upgraded for additive manufacturing. The report also lists aerospace, healthcare, tools and mold, academic institutions, automotive and others as the major segments where metal additive manufacturing technology is used.

Complete report on metal additive manufacturing market spread across 68 pages, analyzing 5 major companies and providing 46 data exhibits is now available at http://www.rnrmarketresearch.com/global-metal-additive-manufacturing-market-2016-2020-market-report.html

According to the 2016 report, a key growth driver for metal additive manufacturing market is the increase in use of metal additive manufacturing in industrial applications. Metal additive manufacturing helps produce complex shapes at a shorter lead time. Therefore, it is widely employed for prototyping. Various industrial end-users are service bureaus, research institutions, and the aerospace industry. Some of the highly valued and advanced products from metal additive manufacturing are aircraft engines and turbine components.

Global Metal Additive Manufacturing Market Trends

Metal additive manufacturing helps produce complex shapes at a shorter lead time. Therefore, it is widely employed for prototyping. Various industrial end-users are service bureaus, research institutions, and the aerospace industry. Some of the highly valued and advanced products from metal additive manufacturing are aero engines and turbine components. Direct parts accounted for approximately half of the total revenue generated by the metal additive manufacturing market in 2015. The sales of metal additive manufacturing systems are increasing due to the growth in direct parts production. These parts can be produced by powder bed fusion, directed energy deposition, binder jetting, and sheet lamination. Manufacturers across various industries are focusing on providing customized products using innovative technologies. Metal additive manufacturing offers flexibility for producing complex structures and building metal objects directly, making it an efficient alternative to conventional processes such as casting and forging. Order a copy of Global metal additive manufacturing market 2016-2020 report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=607569

The Metal Additive Manufacturing Market is divided into the Following Segments Based on Region: China, France, Germany, Italy, Japan, UK, US and Others.

The following companies are the key players in the global metal additive manufacturing market: Arcam, EOS, ExOne, Renishaw, and SLM Solutions. Other Prominent Vendors in the market are: Concept Laser and Phenix Systems.
Further, the metal additive manufacturing market report states that one challenge that could restrict market growth are high production costs. The costs of additive technology for industrial use are higher than for conventional methods of production such as casting. High machine costs, expensive metal powders, and slower build rate makes metal additive manufacturing expensive.

Global Metal Additive Manufacturing Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The report covers the present scenario and the growth prospects of the global metal additive manufacturing market for 2016-2020.

Another related report is Global Aerospace Additive Manufacturing Market 2015-2019, the analysts forecast global aerospace additive manufacturing market to grow at a CAGR of 20.47% during 2014-2019. Metal-based addictive manufacturing (AM) is expanding at a rapid pace and is expected to lead AM into the 21st-century manufacturing era. Various AM processes such as powder bed fusion, metal binder jetting, and direct energy deposition are fully capable of producing high-quality metal parts. Browse complete report @ http://www.rnrmarketresearch.com/global-aerospace-additive-manufacturing-market-2015-2019-market-report.html

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