The metal 3D printing industry landscape is very competitive because of the large number of players in the market. Innovation and development have been the key factors for large scale growth in this market. To increase their overall global footprint, companies are also entering into mergers and acquisitions in addition to the partnerships and collaborations to target a greater audience.
The metal 3D printing market has been impacted to a certain extent due to the advent of the pandemic COVID 19. Although the technology is capable of producing in-house objects in quick time, without much dependence on the supply chain of raw materials, the market has got impacted due to the unequal availability of the metal powders and metal 3D printers in some regions of the globe. For instance, as per 2019 data, Australia holds the maximum reserves for titanium in the world, but the country has limited availability of metal 3D printers compared to the countries such as the U.S. and Germany. This can potentially lead to the disruptions in 3D printing of titanium.
Due to the global lockdown, which has highly disrupted the logistics, the free flow trade of the materials related to metal 3D printing, which prevailed before the pandemic, has been completely disturbed. As a result of this, there has been an unevenness in the availability of metal powders and metal 3D printers across some countries of the globe, which has impacted the smooth business operations of metal 3D printing globally.
In terms of the adoption of metal 3D printing from the end-use industries, there has been a sharp change as the major adopters (before the advent of the pandemic) such as aerospace, defense and automotive have been badly hit which has drastically impacted the adoption trend of this technology. However, there has been almost no significant change towards the adoption of metal 3D printing in the medical and healthcare sector as the demand for the 3D printed surgical tools and bio-implants could be easily met with this technology due to its capability of in-house production of objects in very short notice, thus maintaining the demand-supply balance with great ease.
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However, amidst all these positives, one area of concern is that the medical sector has been mostly adopting titanium (Ti64) for its implants due to the low toxicity of the alloy, the disruption in 3D printing of titanium could have an impact on the medical industry at the current hour of the pandemic. Thus, the adoption of metal 3D printing toward the medical sector is expected to remain slightly sluggish during the COVID-19 period (2020-2022) and is expected to get back to grow at normal rates during the period (2023-2025). The same holds true for the other end-use industries such as aerospace and automotive sectors, remaining sluggish for (2020-2022), which are expected to return to their normal growth states post COVID-19 during the period (2023-2025).
Till date before the advent of the pandemic COVID-19, North America has been dominating the global metal 3D printing market with the U.S. as the prime country (in terms of adoption) in this region. However, the pandemic has hit this region hardest with the U.S. topping the death tolls globally. Also, all the highly demanding aerospace and aviation projects for this technology have come to a temporary halt. This is expected to cause major disruption in the regional adoption of metal 3D. As a result, the market of North America is expected to remain sluggish for the period (2020-2022) and is assumed to gain normality from 2023, post-COVID-19.
UPCOMING INDUSTRY TRENDS 