Albany, NY -- (SBWIRE) -- 11/09/2018 -- The global rapid prototyping market is forecast to rise at an impressive pace between 2018 and 2026. The rising demand for prototyping in consumer goods, automotive, electronics, and healthcare industries, besides the increasing uptake of 3D printing technology, is expected to boost the global rapid prototyping market. ResearchMoz.us has recently added a report, titled "Rapid Prototyping Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026," which offers a comprehensive market overview. It covers various factors enabling growth in the market. In addition, the report analyzes various obstacles hindering its smooth-run. Furthermore, the report segments the global rapid prototyping market based on various criteria. Factors influencing the market's trajectory across these segments are studied in detail as well.
In the coming years, the global market will gain considerable boost owing to recent developments in rapid prototyping. Furthermore, the demand from various regions will continue to increase on account of the expansion of consumer goods and electronics industries. For instance, the expansion of consumer electronics industry in India, China, and Japan is expected to give considerable impetus to the global rapid prototyping market.
Get a Sample PDF: https://www.researchmoz.us/enquiry.php?type=S&repid=1362610
In the last couple of years, rapid prototyping has emerged as one of the sought-after advancements in technology. The technology helps in reducing the type taken between designing and product and finally producing it. However, the initial investment required for implementing a 3D printer for rapid prototyping is considerably high, which may hold back the market to an extent. Furthermore, the cost of a high quality 3D printer can go up to US$2 mn, which can be steep for several smaller market players. This can hinder growth of the market. Given the scenario, several companies are still using traditional means of manufacturing to avoid investment in high quality 3D printers. This factor can hamper the market to an extent. Nonetheless, with market players focusing on the innovation of more cost-effective versions of 3D printer in order to excel prevailing competition, the aforementioned hindrances are likely to be mitigated in the coming years.
Regionally, North America emerged as the leading contributor to the global rapid prototyping market in 2017. The presence of several leading companies and a booming prototyping marketplace will boost the market in North America. Furthermore, the increasing demand from the automotive and healthcare sector will support the market's expansion in the region.
The report profiles some of the leading market players besides highlighting growth drivers and restraints across various sectors. For instance it profiles companies such as GE Additive, 3D Systems, Inc., Stratasys Ltd., and Sandvik AB and presents insights into key strategies they have adopted. According to the report, the market players are relying on partnerships to cater to the continuously increasing demand. Such strategies adopted by the key participants are likely to have a positive influence on the global rapid prototyping market.