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Challenges facing 3D printing market illuminated by new report

Challenges facing 3D printing market illuminated by new report

The Global 3D Printing Market accounted to USD 5.0 billion in 2016 growing at a CAGR of 26.0% during the forecast period of 2017 to 2024.

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This report on the Global 3D Printing Market contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

3D printing is also referred as additive manufacturing; it is a process by which three dimensional solid objects are made from digital file. Additive process is used for creation of 3D object.

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In this process, products are built through layering, which avoid intervention of drilling; cutting etc. the current trends in 3D printing markets is government investments in 3D printing projects to reduce the manufacturing cost so that the 3D printing can be used widely for general purpose.

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Major Market Drivers and Restraints: 

  • Reduction in Manufacturing Cost
  • Government Investments in 3D Printing Projects
  • High Cost of Materials
  • Product Size limitation
  • Lack of Standard Process Control

Competitive Analysis

3D Printing Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors of Global 3D Printing Market

Some of the major players operating in 3D Printing Market are 3D Systems, 3DOM Filaments Ltd., Align Technology, American Graphite Technologies Inc., Arcam AB, Architected Materials, Arevo Labs, Argillasys Ltd., Asiga, Aspect Inc., Autodesk Inc., B9Creations Llc, BASF SE, Beijing Tiertime, Biobots Inc., Blueprinter, Bolson Materials Inc., Bucktown Polymers,  Cellink Ab, Choc Edge Ltd. among others. In 2017, CSM Bakery Solutions and 3D Systems announce agreement to bring 3d print designs to the food industry.

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Global 3D Printing Market Segmentation: 

On the basis of offerings the 3D Printing Market is segmented into

  • Printer
  • Material
  • Software
  • Service

 The software & service market is expected to grow in the forecasted period.

On the basis of application the 3D Printing Market is segmented into

  • Prototyping
  • Tooling
  • Functional Part Manufacturing

 The Prototyping market is expected to grow in the forecasted period.

On the basis of end-user the 3D Printing Market is segmented into

  • Automotive
  • Aerospace
  • Defense
  • Healthcare
  • Architecture and Construction
  • Consumer Products
  • Education
  • Engineering
  • Energy
  • Printed Electronics
  • Jewelry
  • Food and Culinary

The aerospace and defense market is expected to grow in the forecasted period.

On the basis of geography, 3D Printing Market report covers data points for 28 countries across multiple geographies such as

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East & Africa.

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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