Albany, NY -- (SBWIRE) -- 02/12/2016 -- 3D printing is a form of additive manufacturing, where a 3D object is created by layer-by-layer deposition of a printing material. The basic principles in 3D printing include flexibility of output, material cartridges and translation of code into a visible pattern. Various industries such as footwear, architecture and automotive among others use 3D printing. This technology is used for rapid prototyping, speedy manufacturing, mass customization and mass production. Manufacturers are increasing the use of this technology due to the ease of using this technology compared to the traditional methods. Thus, the demand for 3D printing is expected to experience robust growth in both commercial and personal printing applications in the coming years.

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The global 3D printing market was worth USD 2,200 million in 2012 and is expected to grow at a CAGR of 16.8% from 2013 to 2019. The growth of this technology is driven by expanding application of 3D printing across various application sectors such as consumer products and electronics, automotive and medical. Additionally, consumers' access to 3D printing has increased due to rise in the number of 3D printing service centers. Furthermore, the availability of low-cost printers has increased the demand for 3D printing in personal use.

A major factor restraining the growth of this market is the inability of a 3D printer to produce in quick time. The production of large objects consumes more time with 3D printing as compared to traditional manufacturing methods. Moreover, infringement of intellectual property rights has increased the number of laws and regulations adding another restraint to the market.

The most significant growth driver for the global 3D printing market is the growing usage of this technology in all of the aforementioned applications, primarily the automotive and medical sectors. Additionally, as a number of users can now access 3D printers or 3D printing services individually, personal use of this industry is also rapidly increasing.

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In spite of such substantial reasons for advancement, the global 3D printing market encounters various restraints. A big constraint for the growth of this market is the possible breach of intellectual estate while reproducing a particular product. The 3D printing market is nevertheless in a burgeoning stage, analysts expect that it will expand at a robust rate as various industries are endorsing this technology. Several cost-effective opportunities for 3D printing market would be to collaborate with remodeling companies in the healthcare field or automobile sector.

Key players in the global 3d printing market

Some of the leading players in the global 3D printing market that have been profiled in the report are: 3d Systems, Inc. , Arcam Ab, Concept Laser Gmbh, Eos Gmbh Electro Optical Systems, Exone Gmbh, Slm Solutions Gmbh, Solidscape, Inc., Stratasys, Ltd., and Voxeljet Technology Gmbh.

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Key highlights of this report

Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis

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