Global 3D printing market was valued at US$ 5,492.8 Million during 2017 which is further projected to reach US$ XX Million registering exponential CAGR of XX% during 2018-2024. Increasing Spending on product development and R&D activities, rising regulatory support by national and local government bodies and growing manufacturing sector are the major drivers for the growth of 3D printing market. In addition, technological advancement in different end-user industry such as healthcare would provide ample growth opportunity for the adoption of 3D printing for various medical diagnoses. Automakers and raw material suppliers for manufacturing sector have realized the benefits of 3D printing solutions, eventually increasing the demand for 3D printing solution in these industries. In the automotive industry, the use of 3D printing technology has been successful in bring about new shapes to the industry, allowing the industry to produce lighter and more complex structures at affordable price ranges.
Insights Presented in the Report:
The report analyses 3D Printing market report majorly based on component, technology, applications and end users. Products, materials and services are the major components considered in the deep analysis of the 3D printing industry.
Product segment is further classified into professional printers and desktop printers. Product segment is expected to register fastest growth, owing to increasing demand for desktop 3D printers over the period of time although industrial printers is projected to continue to display its dominance till 2024.
Global 3D printing material market is further divided into different material types including polymer, plastic, metal and alloys, ceramics and others materials. In 2017, polymer segment dominated the global 3D printing material market as they represent greatest penetration and user accessibility in 3D printing. It is anticipated that polymer material will continue to lead material segment during the forecasted period.
Moreover, service segment is categorized into custom design and manufacturing and after sales service. Custom design and manufacturing was valued at US$ XX Million in 2017 and will continue to grow with an exorbitant CAGR of 23% during 2018-2024.
Stereolithography, Selective Laser Sintering, Electron Beam Melting, Fused deposition modeling, Laminated object Manufacturing and Others are the major technologies considered while analyzing the regional 3D printing market. Fused Deposition Modelling, Selective Laser Sintering and Stereolithography constitute as the topmost technologies in 3D printing. Fused Deposition Modelling occupied the largest share in 2017 as it is one of the prominent and user friendly technology that is widely used to create 3D printed objects.
Based on application type, Global 3D printing market is bifurcated into functional parts, fit and assembly, prototype modelling, education, metal casting, Visual Aids, Presentation Modelling and other applications. Functional parts captured maximum share during 2017 owing to its fast speed, quality and low cost of additive manufacturing.
Furthermore, 3D printing techniques find its major application in verticals such as education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others. Manufacturing sector dominated 3D printing landscape during 2017 owing to bolstering digitalization wherein 3D printing solutions have paved way for manufacturing companies.
For better understanding of the market penetration of 3D Printing the market is analyzed based on geographies and countries including North America (U.S., Canada, Mexico and rest of North America), Europe (Germany, France, U.K., Russia, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Taiwan and rest of Asia-Pacific) and LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Israel and rest of LAMEA). In 2017, North America dominated the market with maximum share in terms of revenue. Substantial growth in the 3D Printing technology, government initiatives, surging 3D printing investments in emerging economies and continuous establishment of dental labs in the region have considerably contributed towards the remarkable growth of North America 3D printing market.
The report also highlights few prominent players operating in the 3D Printing market. Key companies profiled in the report include 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd., Autodesk, Inc., The ExOne Company, Hoganas AB, Organovo Holdings, Inc, Mcor Technologies Limited and Voxeljet AG
Reasons to buy the Report:
The study includes market sizing and forecasting analysis validated by authenticated key industry experts
The report presents a quick review of overall industry performance at one glance
The report covers in depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies and recent developments
Detailed examination on drivers, restraints, key trends and opportunities prevailing in the industry.
Examination of industry attractiveness with the help of Porter’s Five Forces analysis
The study comprehensively covers the market across different segments
Deep dive regional level analysis of the industry
The Global 3D Printing Market can be customized to regional/country level or any other market segment. Besides this, Report understands that you may have your own business need, hence we also provide fully customised solutions to clients.
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
- By Region