Global Automated 3D Printing Market is Estimated to Reach $3.6 Billion by 2025

Posted August 12, 2019 by mohinip

Global Automated 3D printing Market is projected to be valued $3.6 Billion by 2024; with a CAGR of 21.6% from 2017 to 2025. 3D printing technology is very versatile. It is often used for engines
Global Automated 3D Printing Market report published by Accurize Market Research forecast that the global market is expected to reach $3.6 billion by 2024; growing at a CAGR of 21.6% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.

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Increased government spending on the military to drive the market

Increasing preference of 3D printing over conventional techniques, growing investments on 3D projects, need for effective use of raw materials and need to reduce development cost and time are some of the major drivers boosting the growth of the global 3D printing market include. Though, limitations in material consumption, high cost involved in the process, and the dearth of skilled professionals may hamper the market growth. However, improvements in the additive manufacturing process and new innovations in the field of advanced materials would offer growth opportunities in forecasted years.

Market Segmentation

Global Automated 3D Printing Market is bifurcated into component, application, and geography. The component segment is split into the material, technology, and services. The application segment is categorized as manufacturing complex parts, prototyping and tooling, and R&D and innovations.

By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the world (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, the Middle East, and Africa.

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"Services accounted for the largest market share in the component segment", says Accurize

In the component segment, services accounted for the largest market share, followed by technology. Prototyping and tooling held maximum market share, while, R&D and innovation will attain the highest rate in the application segment.

"North America dominated the global market with the highest market share over the forecast period", says Accurize

North America held a majority of the market share with 32.7% in 2017, driven by, increased funding in R&D, and increasing demand for customized products using a variety of materials. Asia-Pacific will dominate the global market with highest CAGR during the forecast period, due to the high investments by major companies, surging potential of manufacturing applications and material advancements, and rising adoption among small and medium enterprises.

Top players in the market

Major players operating in the market are Arcam AB, 3D Systems Corporation, Hoganas AB, Autodesk, Inc., Optomec, Inc., EnvisionTEC, Inc., Ponoko Limited, Voxeljet AG, The ExOne Company, and StratasysInc, among others.
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Categories Electronics
Tags automated 3d printing market , forecast , regional , report , revenue , size
Last Updated August 12, 2019