The global 3D Printing market will cross $11 billion by 2022. 3D Systems, Stratasys, and EOS GmbH are the leaders in the market.
As international players would increase their footprint in the market, regional vendors would be finding it increasingly difficult to compete with them. The 3D printer market is likely to dominate the global market with maximum shares.
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The adoption of 3D printing in the industrial machinery industry is growing and this segment is expected to hold the major market share as the largest end-user segment. North America is likely to remain the dominant region with more than 38% market share.
Major vendors profiled in the report are as following:
- 3D Systems
- EOS GmbH
Other vendors include ARC Group Worldwide, Arcam (GE), Beijing Tiertime Technology, Carbon, Concept Laser (GE), Cookson Precious Metals, EnvisionTEC, General Electric, Groupe Gorgé, Höganäs, Koninklijke, Markforged, Mcor Technologies, Nano Dimension, Optomec, Renishaw, SLM Solutions Group, taulman3D, The ExOne Company, Ultimaker, Voxeljet, XYZprinting.
The report includes a comprehensive study of market drivers, trends, and restraints of the global 3D printing market. It analysis the market segments in details and provides the revenue forecast for the period 2016-2022.
Also, the report profiles the leading vendors in the market and other prominent vendors.
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Sales of major 3D printing vendors were aggregated to arrive at an estimate of the market size in terms of volume. The same approach is used to calculate the market size in terms of revenue.
An estimated 85-90% of vendors capacities are mapped and considered in the calculation.
The report provides the analysis of the key segments of the market by product, end-user, distribution channel, geography, and vendors. It provides a detailed analysis from various segments:
Market Size: Revenue, Shipment
3D Printers: Desktop/personal & Industrial
3D printing consumables, 3D printing software
End-users: Industrial machinery, Aerospace and defense, Healthcare, Automotive & Consumer products
Geography: APAC, Europe, North America & RoW
3D printing, which is also called additive manufacturing, is a process in which a three-dimensional or 3D solid or physical object is created using a digital file or a digital design. The 3D printed physical object is achieved via additive processes wherein successive layers of materials is laid down until the object is created.
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The 3D printer market is the largest segment and is witnessing increased demand from the manufacturing industry in developed countries such as the US and Germany. The adoption of 3D printing in the industrial machinery industry is growing, and the market is likely to witness the contribution of this segment rise to 20.6% in 2022.
The aerospace and defense segment will follow the industrial machinery segment. The healthcare segment is expected to be the fastest growing segment of the 3D printing market during the forecast period as new innovations are making their way into various healthcare sectors such as orthopedics and implants during the forecast period.
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North America is likely to be the largest market followed by Europe. The demand for 3D printing solutions depends on the growth of the manufacturing industry in the North America region.
Globally, North America is the largest market for industrial automation, and the market is growing rapidly. This is expected to drive the demand in the region.
Japan and China lead the 3D printing market in APAC region. Latin America and MEA, constituting RoW, had low shares in the global market in 2016.
However, with many vendors expanding their operations in Middle Eastern countries, Latin American, and African countries (except GCC countries) for market share, the demand for these devices will grow in the region during the forecast period.