Global 3D Printing Market, By Offering (Printer, Material, Software, Service) By Application (Prototyping, Tooling, Functional Part Manufacturing) By End-user (Automotive, Aerospace and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Engineering, Energy, Printed Electronics, Jewelry, Food and Culinary, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) - Industry Trends and Forecast to 2024
Market Analysis: Global 3D Printing Market
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.
Market Definition: Global 3D Printing Market
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. 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. 3D printing materials provide various advantages such as high sensitivity, durability, stability and flexibility and also reduction in time-to-market of new products and elimination of raw material wastage.
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
Market Segmentation: Global 3D Printing Market
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, Europe, Asia-Pacific, and 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.
Competitive Analysis: Global 3D Printing Market
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: 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.
Research Methodology: Global 3D Printing Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request An Analyst Call or drop down your inquiry.
Demand Side Primary Contributors: Doctors, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.