PRESS RELEASE: https://www.coherentmarketinsights.com/press-release/3d-printing-market-3210


Market Trends

1.Increase in demand from consumer product & electronics and automotive sector leads to the increase in demand for 3D printing due to the incorporation of new printing materials such as metal.

2.Growing adoption of 3D printing for personal us due to declining cost of 3D printers and increased accessibility through 3D printing service centers.


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Key Market Drivers

3D printing has witnessed massive adoption in the recent past, owing to expanding application areas.

Moreover, technological advancements such as the incorporation of new materials and surface enhancement of the final model, are expected to expand the application areas of 3D printing.

3D printing technology has witnessed technological evolution in the recent past. These innovations are created with high precision and accuracy, which in turn, has increased the demand for 3D print printing technology and associated products.

Moreover, key players in the market are focused on research and development activities, in order to innovate novel products and expand the product portfolio. For instance, Fused Deposition Modeling (FDM) and Polyjet technology are the most widely used technologies at present in the 3D printing industry.


Key Market Restraints

The major threat for market players is the violation of copyrighted products. Although governments in many countries are conducting rigorous investigations, the issues regarding counterfeit products and infringement remain prevalence.

3D printing is expected to replace conventional manufacturing in numerous countries since it is a simple and fast way of producing objects. For instance, computer parts such as chips and automotive components can be manufactured by 3D printing.


Key Developments

Major companies operating in the market are focused on product development, in order to expand product portfolio. For instance, in November 2019, 3D Systems, Inc. introduced its new application-specific production solution for automotive, aerospace, and healthcare industries.

Key players are involved in partnerships and collaborations, in order to gain a competitive edge in the market.



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Market Segmentation:

By Use: Commercial, Personal.

By Technology: Polyjet, FDM, SLS, SLA, Others.

By Application: Consumer electronics, Automotive, Medical, Industrial or business machines, Aerospace, Military and defense, Architectural, Education, Others.