Global 3D Printing Market: Industrial and Manufacturing Sector to hold the Largest Share - Garner Insights
Global 3D Printing Market: Industrial and Manufacturing Sector to hold the Largest Share
According to a new report published by Reports Monitor titled, “Global 3D Printing Market Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the 3D Printing market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Additive manufacturing forms an appropriate name for the 3D printing technology in which a physical object is created with the help of digital design. In this process a digital model is transformed into a solid three dimensional objects by adding the materials layer-wise. The materials used in additive manufacturing can vary from application to application. The primary process involved in the 3D printing is the creation of blue-print of the object, which is then read by the system and finally converting the data into a physical structure
Increased investment in 3D printing projects supported by the government sector and reduction in the manufacturing cost owing to the adoption of 3D printing technology forms the major factor in boosting the market growth. However, low availability and high cost of the materials can slow down the market growth.
The Global 3D Printing Market Professional Survey Report scrutinizes the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.
The global 3D printing market is bifurcated majorly on the basis of: technology, materials used and applications. On the basis of the technology used the market is segmented into: Stereo-lithography (SLA), Digital Light Processing (DLP), fused deposition modeling (FDM), Selective Laser Sintering (SLS), Selective laser melting (SLM), Electronic Beam Melting (EBM), and Laminated object manufacturing (LOM).Based on the materials used the market is segmented into : polymers, metals and alloys and ceramics and others. Depending upon the applications the market is segmented into: aerospace, manufacturing, automotive, healthcare, defense, education and research and others.
Based on the regional analysis, it is observed that North America is expected to hold the largest market share owing to the increased adoption in the aerospace, healthcare and defense sectors. Development with the manufacturing sector in China and India has resulted in the fastest growth of Asia Pacific Region.
The major key vendors in the ABF market are: Stratasys Ltd., 3D Systems Corporation, Materialise NV, EOS GmbH, The Exone Company, Voxeljet AG, Arcam Group, and SLM Solutions Group AG. , Envisiontec GmbH , Proto Labs, Inc. , MCOR Technologies Ltd. , Optomec Inc. , Concept Laser GmbH , Groupe Gorgé
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