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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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. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
In this process, products are built through layering, which avoid intervention of drilling; cutting. 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
3D Printing Market is highly fragmented and is based on new product launches and clinical results of products.
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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
- 3D Systems
- 3DOM Filaments Ltd.
- Align Technology
- American Graphite Technologies Inc.
- Arcam AB
- Architected Materials
- Arevo Labs
- Argillasys Ltd.
- Aspect Inc.
- Autodesk Inc.
- B9Creations Llc
- BASF SE
- Beijing Tiertime
- Biobots Inc.
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Global 3D Printing Market Segmentation:
On the basis of offerings the 3D Printing Market is segmented into Printer, Material, Software, and 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, and 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 and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Engineering, Energy, Printed Electronics, Jewelry, Food and Culinary, Others. 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
- 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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