Global Rapid Prototyping Equipment Market to Grow Substantially with a CAGR of 4.60% During 2017-2021
Rapid prototyping equipment is often part of a development process called computer-aided manufacturing (CAM), in which 3D models are created from computer-aided design (CAD) drawings. rapid prototyping equipment market is set to expand rapidly at a remarkable CAGR of 4.60% during the forecast period of 2017 to 2021.
Albany, NY -- (SBWire) -- 04/26/2017 --In today's world, new product development and innovation are much more difficult and time-consuming than most other business activities. With the concept of Rapid prototyping, it has become possible, therefore, it is quickly becoming invaluable in moving new products from design to 3-D model. Market Research Hub (MRH) has recently announced the inclusion of a new study to their massive portfolio of research studies, which is titled as "Global Rapid Prototyping Equipment Market 2017-2021". This study delivers a precise analysis of the market by covering its current scenario and growth prospects till the end of 2021.
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On the basis of geography, the report analyzes the market into some of the key regions including APAC, EMEA and the Americas. In the first section, the report estimates the market growth by analyzing these regions and then focuses on the market trends and opportunities for the coming few years. According to the research analysts, global rapid prototyping equipment market is set to expand rapidly at a remarkable CAGR of 4.60% during the forecast period of 2017 to 2021.
Rapid prototyping equipment is often part of a development process called computer-aided manufacturing (CAM), in which 3D models are created from computer-aided design (CAD) drawings. Rapid prototyping equipment reads CAD data and forms a sculptural object based on this information. There are various rapid prototyping technologies are commercially available presently, which includes
Laminated object manufacturing (LOM)
Selective laser sintering (SLS
Ink Jet printing techniques
Fuel deposition modeling (FDM)
Solid ground curing (SGC)
Moreover, the study finds the major end-users of rapid prototyping equipment market, where market stands to gain. The technique of rapid prototyping is used widely in fields such as aerospace and defense, consumer goods, automotive rapid prototyping services and medical device sector. Of these, the automotive industry provides high growth prospects to key players operating in the rapid prototyping materials market. Growth in this market is mainly attributed to the rapid rise in the sales of automobiles in countries like Australia, India and China.
In the next part, the report presents brief analysis of the market major dynamics such as drivers, challenges and market trends. One of the prime drivers for the market is the ability of the rapid prototyping equipment to rise the efficiency of the product development cycle in the manufacturing process. Major market trends are adoption of integrated rapid prototyping equipment and developed equipment for the healthcare industry.
Furthermore, the report includes vendor's landscape which defines the competitive scenario among the key vendors available in the market. They are as follows:
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Due to the presence of few established players holding a significant share of the global market, the global market is highly consolidated, finds the study.
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