Report Projects Sales of Compact Industrial Metal Printers to Reach Over $1.05B by 2027
The metal additive manufacturing industry is estimated to generate $1.4 billion in revenues in 2019, growing to $5.4 billion by 2027. Within this industry is a relatively new sub-segment of metal printers that introduces a more accessible price-point and shorter learning curve, while still offering industrial-level production and quality. We’ve identified this sub-segment as Compact Industrial Metal AM Printers and it addresses a significant hole in the marketplace and creates a lower-level entry point for new industrial users of metal 3D printing technology.
The report includes:
- The definition and market requirements for Compact Industrial Metal AM Printers.
- The applications within any given product lifecycle as well as within the primary industrial verticals, such as automotive, medical & dental, and general manufacturing.
- A general overview of the hardware technologies, with things to consider and the pros and cons of each.
- A detailed review of each of the current notable manufacturers of Compact Industrial Metal AM Printers.
- A detailed analysis of the current state of the Compact Industrial Metal AM Printers market and forecasts through 2027, to include analyses of revenues, installations and market share by market, technology, and manufacturer.
- A discussion on cost of ownership of the various technologies, primary developments for consideration, and obstacles to adoption.
People that might this report useful include:
- Machine shops looking to invest in metal 3D printing/additive manufacturing technology.
- Companies looking to acquire up & coming metal 3D printing hardware technology companies.
- Manufacturers who already own plastic 3D printing hardware and are looking to add metal 3D printing to their portfolio.
- Entrepreneurial hardware companies looking for opportunities within the fast-growing metal 3D printing market.
- Service bureaus looking to expand on their existing capabilities with lower cost, high-quality printing metal printing.
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Executive Summary
According to this report, the ‘real’ metal desktop printers can be better described as “Compact Industrial” metal printers. With a more accessible price-point, shorter learning curve, and compact footprint, while still offering industrial-level quality, this class of metal printers addresses a significant hole in the marketplace and creates a lower-level entry point for new industrial users of metal 3D printing technology. Still in its infancy, this sub-segment of metal additive manufacturing hardware is poised to generate nearly $112M in revenue in 2019 and reach over $1.05B by 2027.
About the Report:
This report identifies and quantifies the applications, opportunities, and notable manufacturers of Compact Industrial Metal Printers within the 3D Printing/Additive Manufacturing industry.
The ten-year forecasts contained in this report break out the expected revenues, installations, and marketshare for Compact Industrial metal printers in the AM sector by by market, technology, and manufacturer. The companies discussed include Markforged, Desktop Metal, Xact Metal, and Coherent, among others.
From the Report:
When looking closer at Compact Industrial metal printers, the growth of metal AM as a whole will be aided directly and indirectly by the introduction and refinement of this growing class of metal 3D printers. Not only does the introduction of these new technologies give accessibility to a new group of customers, but they will greatly aid the education and further development of 3D printing as a manufacturing tool across industries and applications. These Compact Industrial metal printing solutions give accessibility to an entirely new segment of the market. With a total system cost of less than $200,000, and minimal set-up requirements, industrial customers now have an increasing number of options to aid in their exploration of metal additive manufacturing.
The most recognizable technologies in this market are the material extrusion technologies, specifically by Desktop Metal and Markforged, which are poised to grow dramatically. By borrowing heavily from materials science established within metal injection molding (MIM), bound metal deposition techniques are experiencing a much higher adoption rate than earlier AM technologies. It is within this subsegment that we are currently seeing a lot of growth for the Compact Industrial metal printing market.
On the other hand, integration of directed energy deposition technologies with subtractive CNC machining tools has grown significantly in the last couple years and helped to establish a stronger link between the additive and subtractive digital manufacturing processes. Furthermore, continued improvements within powder bed fusion technologies are being implemented in two ways, that are ultimately opposite of one another: improved productivity and increased accessibility, with the latter driving Compact Industrial metal printing market growth.
The most notable contributors to the Compact Industrial metal printing market have been, and still are, Markforged and Desktop Metal. And, until recently, Aurora Labs and OR Laser were the only other notable Compact Industrial metal printing manufacturers that had shipped units, taking orders as early as 2016. Pollen AM and Additec are expected to ship units this year, and Xact Metal started shipping the 200C at the end of 2018 and expects to begin shipping the 200S mid-2019.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 3d-Figo
- Additec
- Airwolf 3D
- Aurora Labs
- Coherent
- Cytosurge
- Desktop Metal
- Evo-Tech
- InssTek
- Markforged
- OR Laser/Coherent
- Pollen AM
- Xact Metal