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
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:
- Application
- Geographic Landscape
- Aerospace
- Healthcare
- Tools and Mold
- Automobile
- Others
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41666
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.
