3D Printing Market - Size, Share, Outlook, and Opportunity Analysis, 2019

3D printing is the process which involves layer by layer addition of material to form a three dimensional object from a software. The three dimensional object is created with the help of computer-aided-design (CAD) software. The material used for 3D printing process are polymers, ceramics and metals. 3D printing allows to produce complex shapes using minimal materials as compared to traditional manufacturing methods. Nowadays, CNC machines are replaced by 3D printing which produces multiple patterns within a very short time as well as reduced cost compared to the traditional pattern-making techniques.

Market Dynamics

Rising adoption of 3D printers among manufacturers is expected to drive the growth of 3D printing over the forecast period. This is attributed to its accuracy in printing objects. 3D printing technology is mainly used by the manufacturers to identify deficiency or discrepancies and to improve performance of the machines. This technology allows major players to manufacturer products according to the customer preferences. Moreover, 3D printing enables manufactures to optimally use raw materials and produce reliable products.

Furthermore, increased application of 3D printing in healthcare sector is expected to drive the growth of this market. Healthcare sector is now focusing on reducing costs, improving quality and becoming more patient-centric. This technology is helpful to people who are using prosthetic arms and legs. As this technology is used to produce artificial body parts for the people, time to produce body parts has reduced. For instance, in November 2016, Bioniks, launched first 3D printed prosthetic arm for a five-year-old boy in Pakistan. Hence, healthcare sector is expected to create lucrative opportunities for this market.

Market Taxonomy

This report segments the global 3D printing market on the basis of use, technology, application and region. On the basis of use 3D Printing market is segmented into commercial and personal. On the basis of technology, the global 3D Printing market is segmented into Polyjet, FDM, SLS, SLA, Others. On the basis of application, the global 3D printing market is segmented into Consumer electronics, Automotive, Medical, Industrial or business machines, Aerospace, Military and defense, Architectural, Education and Others. On the basis of region, the global 3D printing market is segmented into North America, Europe, Asia Pacific, ROW.

Key features of the study:

This report provides an in-depth analysis of the global 3D printing market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global 3D printing market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global 3D printing market are 3D Systems, Inc., Voxeljet Technology GmbH, Arcam AB, Stratasys, Ltd., Concept Laser GmbH, Solidscape, Inc., EOS GmbH Electro Optical Systems, SLM Solutions GmbH, ExOne GmbH, and Optomec.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global 3D Printing market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global 3D printing market.

Detailed Segmentation:

Global 3D Printing Market, By Use: