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Description
3D Printing Metal Market is estimated to be USD 775 million in 2021 and is projected to reach USD 3,169 million by 2028, at a CAGR of 32.6% from 2022-2028. In today’s world, the 3D Printing Metals market is a rapidly expanding market. The high-promising growth of the 3D Printing Metal Market is due to an increase in demand for customised items. Metal additive manufacturing is another name for 3D printing metal. This is a manufacturing technique that is used to create complex structures and smaller designs. The arrival of 3D printing metal has made it easier for manufacturers to create and develop complex structures that would not have been achievable using old manufacturing methods. 3D printing metal is a process in which manufacturing is done layer by layer, increasing the accuracy of the result. Metal additive manufacturing is another name for 3D printing. It’s a manufacturing technique that’s primarily utilised to create intricate structures and intricate designs. The introduction of 3D printing metal has aided producers in producing more complex structures with greater ease, which were previously impossible to achieve with traditional manufacturing techniques. 3D printing metal is a manufacturing technique in which parts are built up layer by layer, increasing the accuracy of the final output. Increase in demand for metal 3D printing in different fields such as medical, aerospace, automotive, oil & gas, defense, and others. It can be used in production tools, tooling such as molds & inserts, rigid housings, ductwork and spare parts. 3D printing plays a major role in automobile parts jewelry and aircraft designs. Rapid advancements in materials such as alloy and technology have significantly driven the growth of this market during the forecast period. On May 20, 2019, Materialise NV announced collaboration with HP, Nikon and essential to Support Adoption of 3D Printing. On November 19, 2019, 3D Systems launched its new material VisiJet M2S-HT90 over the past three months while continuing to expand range of applications for customers.
Key Development:
In May 2022, Renishaw announced that the company’s ‘Neuromate’ stereotactic robot, incorporating neuroinspire surgical planning software, received EU Medical Device Regulation (MDR) certification from British Standards Institution (BSI). As one of the first companies to achieve MDR approval.
On February 22, 2022, Renishaw, showcased the benefits of the Additive Manufacturing in Healthcare sector at LMT Lab Day Chicago. Renishaw’s stand will feature a range of additively manufactured dental frameworks, including Removable Partial Dentures, crowns and bridges, and parts produced by medical device manufacturers.
