3d Printing Market Size

3D Printing Market Insights

The global 3D printing market is expected to grow at a CAGR of 30.03% over the forecast period. This growth is mainly attributed to rising demand for prototyping applications from various end use industries such as automotive, aerospace & defense and healthcare among others. Along with this, increasing government investment coupled with development of new innovative printing materials is also likely to stimulate the market for 3D printing.

Moreover, factors such as complete customization of designs and reduced overall manufacturing costs among others are expected to augment the market growth over the coming years. However, high cost associated with raw materials coupled with lack of standard process control is projected to affect the profitability of market over the years.

3D Printing Market: Offering Insights

By offering, the 3D printing market is segmented into software, service, printer, and material. While the material segment is segregated into ceramic, plastic, and metal among others, the software segment includes inspection, design, scanning, and printing. The market for design software is anticipated to register a significant growth over the forecast period on account of its growing application in designing/printing objects in construction, automotive and aerospace & defense sectors.

The market for scanning software is also expected to grow at a healthy CAGR owing to its high demand from researchers, geologists and archaeologists among others. The market for other materials which include wax and laywood is also likely to grow in the coming years.

3D Printing Market: Process Insights

On the basis of process, the 3D printing market is segmented into binder jetting, direct energy deposition, material extrusion, material jetting, powder bed fusion, sheet lamination and vat photopolymerization. The market for direct energy deposition is anticipated to occupy the highest share owing to its rising application in the metal and manufacturing industry.

3D Printing Market: Application Insights

3D Printing finds its application in functional part manufacturing, prototyping, and tooling. The prototyping segment is anticipated to dominate the market over the forecast period owing to increasing application in the automotive and aerospace & defense sectors for designing and developing components, and complex systems.

The functional parts segment is also projected to register a significant growth on account of increasing use of 3D printing for designing and building functional parts.

3D Printing Market: End-User Insights

On the basis of end-users, the 3D printing market is segmented into automotive, aerospace and defense, healthcare, architecture & construction, consumer products, and energy among others. Out of these, aerospace & defense segment is anticipated to record the highest growth over the forecast period owing to rising application of the product for manufacturing parts of airplanes and other components which require high performance and quality.

3D Printing Market: Regional Insights

North America occupied the largest share of this market in 2016 followed by Europe and Asia Pacific. Increasing government regulations coupled with presence of key manufacturers are anticipated to aid the regional growth. Asia Pacific is expected to grow at a considerable CAGR over the coming years due to growing automotive and consumer electronics industry.

3D Printing Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

3D Printing Market: End-Use Landscape

The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase 3D printing over the coming years. Some leading consumers of this market are General Motors, Fiat-Chrysler, Airbus Group SE and Boeing Co among others.

3D Printing Market: Market Share & Competitor Analysis

Some of the major players profiled in the 3D printing market include Stratasys Ltd. (The U.S.), Optomec Inc. (The U.S.), 3D Systems Corporation (The U.S.), EOS GmbH (Germany), Ultimaker BV (Netherlands), Materialise NV (Belgium), The ExOne Company (The U.S.), Voxeljet AG (Germany), Proto Labs, Inc. (The U.S.), ARC Group Worldwide, Inc. (The U.S.), EnvisionTEC GmbH (Germany), Mcor Technologies Ltd. (Ireland), SLM Solutions Group AG (Germany), Arcam AB (Sweden), Beijing Tiertime Technology Co. Ltd. (China), Renishaw plc (UK), XYZprinting (Taiwan) and Concept Laser GmbH (Germany).

Please note: This is not an exhaustive list of companies profiled in the report.

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