3D printing is referred as additive printing technology which is used in developing the objects with digital file and variety of printing materials. This technique is used in different verticals like aerospace & defence, healthcare, construction and others. As the increased government support, a high degree of accuracy, efficient use of raw materials are propelling the 3D printing markets. These markets are estimated to witness significant growth within the forecasting period with CAGR of 26.75%.
Global 3D Printing Market Size & Growth:
Global 3D printing market is valued at $26.51 billion in 2018 and estimated to reach a value of $33.74 billion in 2024 at CAGR of 26.75%. Key points like reduction in human error and use of multiple materials for printing, customization of products with reducing cost and time and government investment in 3D products are accelerating this market and the factors like limited availability and the high cost of materials, lack of skilled labor and size of outputs generated are hampering the market growth.
Global 3D Printing Market Share:
Global 3D Printing market is classified by type of material, by technology, by use, by the process, by application, by vertical and by geography. On the basis of the type of material, they are segmented as polymers, metal and alloys, ceramics
and others. Among these plastics and metal hold the most significant share as they have an increasing demand for biomaterials and specialized materials. By technology, they are segmented as Fused deposition modeling (FDM), Selective laser sintering (SLS), Selective laser melting (SLM), Laminated object manufacturing (LOM), Electronic beam melting (EBM) and Stereolithography (SLA) and others. By use, they are segmented as commercial purpose, industrial purpose, and others. By process, these are segmented as Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, Sheet Lamination and Vat Photopolymerization. By application, they are segmented as Functional part manufacturing, Tooling, and Prototyping. By vertical these are segmented as Automotive, Aerospace and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Engineering, Energy, Printed Electronics, Jewelry, Food and Culinary and Others
. Aerospace and defense vertical lead the markets as these have got strong demand and government support as well. By geography, they are segmented as North America, Europe, South America, Middle East & Africa and APAC regions. Among all the regions north America is dominating as it has the increasing demand in significant verticals, government support, and presence of key manufacturers.
Global 3D Printing Market Trends:
- Boost tube replacement through 3D printing is done, as this takes all the engine pressures with
no air leaks as to protect against heat in the vehicles.
With the help of 3D printing, “In air microfluidics” is a successful method of printing 3D structure with living cells. This is a special technique that enables the fast and in-flight production of micro building blocks that are viable and help in repairing the damaged tissues.
New ears for children can be developed using 3D printing by collecting the cells called chondrocytes which are used to grow the new cartilage.
Global 3D Printing Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Stratasys Ltd.
- Materialise NV
- Koninklijke DSM N.V.
- The Exone Company
- 3D Systems Corporation
