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.
Albany, NY -- (SBWIRE) -- 07/07/2016 -- The substantial advantage of the global 3D printing market to its users is the eradication of costly tools, molding, and workforce, since the objects can be tailored as per the particular requirements. 3D printing has also helped customers pull down on material wastage, aided in the creation of highly efficient products in comparison to traditional manufacturing, and has improved performance by saving time. Determining and evaluating the numerous forces that govern the global 3D printing market, the report acts as a guideline for any business that wants to sculpt a niche in the global 3D printing market.
The report provides comprehensive and reliable information on the global 3D printing market. The technology segmentation of the market is inclusive of FDM, polyjet, SLS, SLA, and others. 3D printing is becoming popular in industries such as medical, automotive, aerospace, consumer products and electronics, architecture, education, and others.
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Analytical tools such as SWOT analysis, Porter's five force analysis, and value chain analysis have been adopted in the global 3D printing market report. The report also generates strategic propositions that can be adopted by industry leaders to generate flourishing business opportunities in the global 3D printing market.
Overview of the global 3d printing market
Three-dimensional technology for printing has found relevant usage in expeditious prototyping, facilitating manufacturing processes, customization, and agglomeration production of certain items. As the industry for manufacturing delivers an assurance of booming growth in a recuperating global economy, the demand for 3D printing is set to elevate consistently. In the next few years, 3D printing will enjoy significant growth in personal as well as commercial applications.
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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