3D Printing Market is valued around USD 12.96 Billion in 2019 and expected to reach USD 107.52 Billion by 2030 with the CAGR of 21.2% over the forecast period.
3D printing is a polymer additive technology which is also known as desktop fabrication. This utilizes the digital file for the production of goods by using different raw materials such as metals, polymer, ceramics and others. This technology helps in the manufacturing of complex structures with ease which is actually hard to get with conventional techniques. It is widely adopted in different industries such as automotive, healthcare, manufacturing, aviation & many more.
Global 3D Printing Market report is segmented on the basis of component, technology, end user and by regional. Based upon component, the 3D printing market is fragmented into software, services and hardware. Based on technology, the market is fragmented into SLA, FDM, SLS, EBM, DLP, and Others. On the basis of end user, the market is divided into Automotive, Healthcare, Industrial, Consumer electronics, Aerospace & defense, and others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.
The 3D printings market is mainly driven by the constant expansion of application from different industries in addition with surge in the adoption of 3D printing. There has been constant growth in the demand of customized product along with developing infrastructure. In addition, there has been continuous evolution of technology taking place to further promote the market growth. Rapidly growing demand for products with reduction in errors as well as reduction in the manufacturing cost is also act as the major driving factors over the forecast period. However, high cost of the raw materials along with the high cost of 3D printing as well as lack of skilled labor may act as the major restraining factors for the market growth.
Request sample copy of this report at https://www.nextmsc.com/3D-Printing-Market/request-sample
The developed regions such as North America and Europe are expected to hold the major market share owing to the developed infrastructure with advanced technology. Moreover, there has been increased demand for customized product along with high disposable income is also expected to fuel the market growth. Asia Pacific is expected to dominate the 3D printing market in terms of growth rate owing to the wide applications in different industries supported by rapid industrialization in the region. In addition, there has been surge in government initiatives to promote the 3D printing followed by increased expenditure of research & developing activities likely to augment the market growth.
The major market players profiled in the 3D printing market includes Arcam AB, 3D Systems, Stratasys Ltd, Autodesk, Inc., Hoganas AB, The ExOne Company, Organovo Holdings, Inc., Optomec, Inc., Voxeljet AG and Ponoko Limited among others.
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
Joseph Lawrence (Head - Client Engagement & Servicing)