3D printing market is expected to grow at a CAGR of 21% from 2017 to 2025 The materials used in 3D printing include various types of polymers, metals, and ceramics.
3D printing, also known as additive printing technology, allows manufacturers to develop 3D object using digital file. The materials used in 3D printing include various types of polymers, metals, and ceramics.
This type of printing offers methodologies that makes manufacturing of complex designs an apparent reality. The 3D printed object is achieved by using additive process, in which the object is produced by placing down consecutive layer of material until the object is created.
The global 3D printing market is expected to grow at a CAGR of 21% from 2017 to 2025.
The global 3D printing market is segmented based on component, application, and geography. Based on component the market is segmented into technology (stereolithography, selective laser sintering, electron beam melting, fused deposition modelling, laminated object manufacturing, and others), material (polymers, metals, and ceramics), and service.
In terms of application, the market is classified into Electrical power, Oil & Gas, Water & waste-water, Automotive, Pharmaceuticals, Mining, Chemicals, Food & beverages, and Others. Based on geography, the global 3D printing market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
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- Efficient use of material
- Use of multiple materials for printing
- Reduction in human error
- Customization of products
- Reduces development cost and time
- Higher cost for individual user
- Software required for 3D printing are costly
- Lack of channel partner assistance
- Manufacturing Complexities
- Limited Design Tools
The top players in the global 3D printing market include 3D Systems, Arcam AB, Autodesk, Inc., Stratasys Ltd, The ExOne Company, Hoganas AB, Optomec, Inc., Organovo Holdings, Inc., Ponoko Limited, and Voxeljet AG
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- Selective Laser Sintering
- Electron Beam Melting
- Fused Deposition Modeling
- Laminated Object Manufacturing
- Metals & Alloys
- Electrical power
- Oil & Gas
- Water & waste-water
- Food & beverages
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
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