The 3D printing market is growing rapidly, and it is now focusing on the production of end parts with the development of the technologies and metal powdered materials and experiencing advancements in printers and printing technologies, improvements in materials used, and developments in skilled workforce.
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The 3D printing market is expected to reach $30.19 billion by 2022, at a CAGR of 28.5% between 2016 and 2022. APAC 3D Printing Market expected to witness the fastest growth during the forecast period.
Factors such as extensive industrial base and supportive government policies are driving the growth of the 3D printing market in APAC. APAC is the largest and fastest-growing market for industrial manufacturing, automotive, and consumer electronics, which provides new market opportunities for metal 3D printers.
Prototyping is one the major applications which is expected to drive the market for 3D printing in APAC. Japan and China are the major contributors to this market.
3D printing market for the education sector to witness a high growth rate during the forecast period. 3D printing holds great potential in academics as it can engage a diverse population, including students, educators, and researchers, from various fields such as science, technology, engineering, and mathematics through limitless creativity in both, formal and informal processes.
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The 3D printing market is growing rapidly, and it is now focusing on the production of end parts with the development of the technologies and metal powdered materials. The market has been experiencing advancements in printers and printing technologies, improvements in materials used, and developments in skilled workforce.
3D printing is used to develop prototypes and end products in industries such as of automotive, medical, aerospace, defense, dental, bio-medical, jewelry, art, architecture, fashion design, and interior design among others. Along with these, the electronics, robotics, space crafts, construction, organ transplantations, food, and other industries have also started adopting the 3D printing technology.
The major players in the 3D printing market include 3D Systems Corporation (U.S.), Stratasys Ltd. (U.S. & Israel), the Ex One Company (U.S.), Voxeljet AG (Germany), Arcam Group (Sweden), SLM Solutions Group AG (Germany), EOS GmbH (Germany), EnvisionTEC GmbH (Germany), Materialise NV (Belgium), Sciaky Inc.
(U.S.), Concept Laser GmbH (Germany), Autodesk, Inc. (U.S.), Hoganas AB (Sweden) and Renishaw PLC.
On a related note, another research titled 3D Printing Metal Market Global Forecast to 2020 says, the global 3D printing metals market is projected to reach $776.8 million by 2020, at a CAGR of 31.5% from 2015 to 2020. North America to be a major market for 3D printing metals, whereas Asia-Pacific the fastest growing market till 2020.
Companies like 3D Systems Corporation (U.S.), Renishaw Plc. (U.K.), Arcam AB (Sweden), Carpenter Technology Corporation (U.S.), GKN Plc (U.K.), Sandvik AB (Sweden), and LPW Technology (U.K.) have been profiled in this 160 pages research report available at http://www.rnrmarketresearch.com/3d-printing-metal-market-by-form-powder-and-filament-by-type-titanium-nickel-stainless-steel-aluminum-others-by-application-aerospace-defense-automotive-medical-dental-others-and-by-region-glob-st-to-2020-market-report.html .
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