Global 3D printing market size is anticipated to reach at USD 31 billion by 2025. 3D printing also called additive printing or desktop fabrication technology, enables manufacturers to develop objects through a digital file and different printing materials.
Dallas, United States - October 27, 2020 /MarketersMedia/ —
3D printing also called additive printing or desktop fabrication technology, enables manufacturers to develop objects through a digital file and different printing materials. The materials used in additive manufacturing include several types of metals, polymers, and ceramics. 3D printers provide methodologies that can produce complex design an apparent reality.
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Factors such as the reduction in process downtime and manufacturing cost, the advancement of customized products, the development of advanced industry-grade additive manufacturing materials, and government investments within the 3D printing projects are promoting the industry growth in the past few years. Presently, the trend in additive manufacturing (3D printing) is switching from prototyping to functional part manufacturing in different verticals that include medical, automotive, consumer goods, aerospace, and more.
The Global 3D printing market has managed to gain a huge amount of popularity in past few years. The market is divided into various key segments. The segmentation of global 3D printing market can be done on the basis of various factors such as product types, processing methods, applications, industry verticals, technology, region, etc. There are various types of products available in the global market such as Service, Software, Material, and Printer.
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Out of all the products that market has to offer, market for 3D printers is expected to experience a major boost in coming years. There are various processes used in the manufacturing of these products such as Sheet Lamination, Directed Energy Deposition, Binder Jetting, Material Jetting, Vat Photo polymerization, Material Extrusion, Powder Bed Fusion, etc. The 3D printing services and products has a wide range of applications. These applications include Tooling, Power & Energy, Functional Part Manufacturing, Consumer Electronics, Jewelry, Prototyping, Energy, Healthcare, Aerospace & Defense, Automotive, Architecture and Construction, Food and Culinary, Engineering, Automotive, Education, etc. Out of all the applications Aerospace & Defense is expected to be contributing to the largest share in the global market.
The increasing globalization and emerging technology has led to the introduction of various new trends in the global market. It is very important for the vendors to keep adopting these trends in order to stay in the tough competition. The 3D printing market uses a wide range of technologies such as PolyJet/MultiJet Printing (MJP), Direct Metal Laser Sintering (DMLS), Selective Laser Sintering (SLS), Fused Deposition Modeling (FDM), Stereo lithography (SLA), Laminated Object Manufacturing (LOM), Direct Light Projection (DLP), Laser Metal Deposition (LMD), Electron Beam Melting (EBM), Inkjet Printing, etc.
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Another important aspect for the study of Global 3D printing market is the regional analysis. According to the regional analysis the market is highly concentrated in regions like Canada, U.S., Germany, UK, France, India, Japan, China, South Africa, UAE, Brazil, etc. The uplifting of any region depends on the performance of the vendors in that region. The market is highly competitive in nature as the number of vendors in the market is too high.
The companies like EnvisionTEC (Germany), HP (US), Voxeljet (Germany), ExOne (US), SLM Solutions (Germany), Materialise (Belgium), GE Additive (US), EOS GmbH (Germany), 3D Systems (US), Stratasys (US), etc. are considered to some of the key vendors among several others.
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Key Segments of the Global 3D Printing Market
Technology Overview, 2018-2025 (USD Billion)
Fused Deposition Modelling (FDM)
Selective Laser Sintering (SLS)
Direct Metal Laser Sintering (DMLS)
Electron Beam Melting (EBM)
PolyJet Printing
Inkjet Printing
Digital Light Printing (DLP)
Others
Application Overview, 2018-2025 (USD Billion)
Automotive
Aerospace & Defense
Healthcare
Consumer Electronics
Power & Energy
Others
Regional Overview, 2018-2025 (USD Billion)
North America
S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
What does the report include?
The study on the global 3D printing market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the 3D printing industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on technology and applications. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
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