Direct Metal Laser Sintering 3D Printing Technology Trends and Forecast
The future of the global direct metal laser sintering 3D printing technology market looks promising with opportunities in the aerospace, medical, and automotive markets. The global direct metal laser sintering 3D printing technology market is expected to reach an estimated $180.0 million by 2030 with a CAGR of 27.6% from 2024 to 2030. The major drivers for this market are rising demand for flexible 3D printing technology, growing use of this technology to fabricate complex design, such as small integrated structures, dental components, surgical implants, and aerospace parts.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Direct Metal Laser Sintering 3D Printing Technology by Segment
The study includes a forecast for the global direct metal laser sintering 3D printing technology by material type, end use industry, and region.
Direct Metal Laser Sintering 3D Printing Technology Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
• Titanium
• Aluminum
• Nickel
• Stainless Steel
• Cobalt
• Others
Direct Metal Laser Sintering 3D Printing Technology Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Aerospace
• Medical
• Automotive
• Others
Direct Metal Laser Sintering 3D Printing Technology Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Direct Metal Laser Sintering 3D Printing Technology Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies direct metal laser sintering 3D printing technology companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the direct metal laser sintering 3D printing technology companies profiled in this report include-
• EOS
• 3D Systems
• SLM Solutions
• Renishaw
• Sisma
• General Electric
• Additive
• Trumpf
• Sculpteo
Direct Metal Laser Sintering 3D Printing Technology Market Insights
Lucintel forecasts that titanium is expected to witness highest growth over the forecast period due to its significant application in direct metal laser sintering 3D printing owing to its strong, lightweight, and corrosion-resistant properties.
Aerospace is expected to witness highest growth over the forecast perioddue to significant use of direct metal laser sintering 3D printing technology in this sector to manufacture various components.
North America is expected to witness highest growth over the forecast period due to rapid expansion of aerospace and defense sector in the region.
Features of the Global Direct Metal Laser Sintering 3D Printing Technology Market
Market Size Estimates: Direct metal laser sintering 3D printing technology market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Direct metal laser sintering 3D printing technology market size by material type, end use industry, and region in terms of value ($M).
Regional Analysis: Direct metal laser sintering 3D printing technology market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material types, end use industries, and regions for the direct metal laser sintering 3D printing technology market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the direct metal laser sintering 3D printing technology market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the direct metal laser sintering 3D printing technology market size?
Answer: The global direct metal laser sintering 3D printing technology market is expected to reach an estimated $180.0 million by 2030.
Q.2 What is the growth forecast for direct metal laser sintering 3D printing technology market?
Answer: The global direct metal laser sintering 3D printing technology market is expected to grow with a CAGR of 27.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the direct metal laser sintering 3D printing technology market?
Answer: The major drivers for this market are rising demand for flexible 3D printing technology, growing use of this technology to fabricate complex design, such as small integrated structures, dental components, surgical implants, and aerospace parts.
Q4. What are the major segments for direct metal laser sintering 3D printing technology market?
Answer: The future of the direct metal laser sintering 3D printing technology market looks promising with opportunities in the aerospace, medical, and automotive markets.
Q5. Who are the key direct metal laser sintering 3D printing technology market companies?
Answer: Some of the key direct metal laser sintering 3D printing technology companies are as follows:
• EOS
• 3D Systems
• SLM Solutions
• Renishaw
• Sisma
• General Electric
• Additive
• Trumpf
• Sculpteo
Q6. Which direct metal laser sintering 3D printing technology market segment will be the largest in future?
Answer: Lucintel forecasts that titanium is expected to witness highest growth over the forecast period due to its significant application in direct metal laser sintering 3D printing owing to its strong, lightweight, and corrosion-resistant properties.
Q7. In direct metal laser sintering 3D printing technology market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rapid expansion of aerospace and defense sector in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the direct metal laser sintering 3D printing technology market by material type (titanium, aluminum, nickel, stainless steel, cobalt, and others), end use industry (aerospace, medical, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Direct Metal Laser Sintering 3D Printing Technology Market, Direct Metal Laser Sintering 3D Printing Technology Market Size, Direct Metal Laser Sintering 3D Printing Technology Market Growth, Direct Metal Laser Sintering 3D Printing Technology Market Analysis, Direct Metal Laser Sintering 3D Printing Technology Market Report, Direct Metal Laser Sintering 3D Printing Technology Market Share, Direct Metal Laser Sintering 3D Printing Technology Market Trends, Direct Metal Laser Sintering 3D Printing Technology Market Forecast, Direct Metal Laser Sintering 3D Printing Technology Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.