The global rapid prototyping market is expected to reach US$ 6,513.9 Mn by 2026.
Albany, NY -- (SBWIRE) -- 12/11/2018 -- A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Global Rapid Prototyping Market - Predicted to Expand at a CAGR of 12.91% during Forecast 2018-2026" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
The global rapid prototyping market is expected to reach US$ 6,513.9 Mn by 2026. The market is projected to expand at a CAGR of 12.91% during the forecast period from 2018 to 2026. According to the report, the global rapid prototyping market will continue to be influenced by a range of factors such as rising demand for 3D printing technology worldwide, and increasing demand for rapid prototyping to speed-up the design and production process. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at above 14% through 2026.
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The global rapid prototyping market is bifurcated by components into metal, polymer, ceramic, plastic & starch, and foundry sand parts. Metal is expected to surpass US$ 1,700.00 Mn by 2026. Metal type material is extensively used for rapid prototyping across heavy load industry verticals such as automotive and aerospace & defense. Additionally, metal also finds application across industry verticals such as healthcare, for rapid prototyping of medical equipment such as implants, surgical instruments, and more.
This research study on the global rapid prototyping market provides a detailed cross segment and cross country analysis based on the different segments including technology, material, and end-use industry. Based on technology, the market is segmented into subtractive and additive; additive is further bifurcated into stereolithography, selective laser sintering, fused deposition modeling, ink jet printing techniques, and others. On the basis of material, the market is divided into metal, polymer, ceramic, plaster and starch, and foundry sand parts. Furthermore, on the basis on end-use industry, the market is bifurcated as aerospace & defense, consumer goods & electronics, automotive, healthcare, and others.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market, national government documents, statistical databases, and market reports, Factiva, etc.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help to develop the analysis team's market expertise and understanding.
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The report covers well-established players such as 3D Systems, Inc., Stratasys Ltd., EOS GmbH, Sandvik AB, and Royal DSM. These players are innovating novel products pertaining to rapid prototyping as well as expanding their regional presence for additional revenue generation. For instance, in November 2017, 3D Systems, Inc. announced the availability of its on demand manufacturing services named, "Quickparts" e-commerce platform in Europe, the Middle East, and Africa. Quickparts includes services such as rapid prototyping, advanced prototyping, and low-volume production.
Global Rapid Prototyping Market Segments
Global Rapid Prototyping Market, by Technology
Selective Laser Sintering
Fused Deposition Modeling
Ink Jet printing techniques
Global Rapid Prototyping Market, by Material
Plaster and starch
Foundry sand parts
Global Rapid Prototyping Market, by End-use industry
Aerospace & Defense
Consumer goods & electronics
Global Rapid Prototyping Market, by Geography
Rest of North America
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
Rest of South America
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