3D Printing Technologies Mark to Grow at a CAGR of +23% by 2022 According to New Research

Key Players profiled in This report are: Stratasys, Arcam AB, 3D Systems, Protolabs, Materialise, ExOne GmbH, EOS GmbH, SLM Solutions, Concept Laser, Ultimaker


Pune, India -- (SBWIRE) -- 03/16/2018 -- This report studies the global 3D Printing Technologies market, analyzes and researches the 3D Printing Technologies development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like: Stratasys, Arcam AB, 3D Systems, Protolabs, Materialise, ExOne GmbH, EOS GmbH, SLM Solutions, Concept Laser, Ultimaker
Market segment by Regions/Countries, this report covers, United States, EU, Japan, China, India, Southeast Asia
Market segment by Type, 3D Printing Technologies can be split into, Metal, Polymer, Ceramics and Other
Market segment by Application, 3D Printing Technologies can be split into: Automotive, Consumer Electronics, Medical, Aerospace, Education and Other
The market size of the desktop sector is expected to grow at a higher CAGR between 2017 and 2023. Product innovation, customization, desktop 3D printer cost savings, and the introduction of new materials are key drivers of market growth. Desktop 3D printers use advanced 3D printing technology at an affordable price, which is used by enthusiasts and professionals to develop functional parts, especially consumer products. The Global 3D Printing Technologies Mark is projected to grow at a CAGR of +23% by 2022

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3D printing market has been subdivided into offerings that are subdivided into printers (desktop and industrial), materials (types: metals, plastics, ceramics and other materials and forms: powders, liquids and filaments). ); Services (custom design and manufacturing, after-sales service); And software (design, inspection, scanning and printing). Based on the process, the market is divided into powder bed fusion, material extrusion, diaphragm superposition, material injection, binder injection, direct energy deposition and sheet lamination. Segmentation by application criteria includes prototyping, tooling and manufacturing of functional components. Considering market segmentation, it includes aerospace and defense, engineering, medical, consumer goods, automotive, jewelry, education, energy, construction and construction, printing electronics, food and cooking. The 3D printer market in the desktop sector is expected to grow at a faster pace with technological advances and the decline in printer pricing, leading to increased distribution across education, consumer products, food and cooking, and printed electronics.
The plastic and metal segments accounted for the largest and second largest share in the world 3D printing materials market, respectively. However, other materials markets are expected to grow to the highest CAGR over the forecast period due to increased demand for biomaterials used in health care applications and certain specialty materials (eg, wood, wax, paper) in emerging applications. 3D printing has begun to penetrate new areas such as electronics, biomedicine, pharmaceuticals and construction. Therefore, due to the increasing demand, the consumption rate of the mentioned printing materials is expected to increase at a considerable rate within the next five years.

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The aerospace and defense sector accounted for the largest portion of the global 3D printing market in 2016. In the aerospace industry, 3D printing is primarily used for manufacturing critical parts of aircraft or for low cost production involving parts requiring high performance and high quality. The aerospace industry offers tremendous opportunities for 3D printing technology and holds promising potential for the market in the future. But emerging vertical markets such as food and cooking, printing electronics, education and energy are expected to grow into an important CAGR in the near future.

North America ranked first in market share in 2016 and Europe and Asia-Pacific led the 3D printing market. Growth in the North American market was driven by strong demand in the aerospace and defense, medical, education and consumer industries. In addition, strong government support and the emergence of major manufacturers are expected to accelerate the growth of the local market. The United States accounted for the largest portion of the North American 3D printing market.