FOR IMMEDIATE RELEASE
October 10, 2018
— [238 Pages Report] The 3D printing market is estimated to be valued at USD 32.78 Billion by 2023, at a CAGR of 25.76% between 2017 and 2023. The base year considered for the study is 2016, and the market forecast has been done for the period between 2017 and 2023. The report aims at estimating the market size and future growth potential of the market based on offering, process, application, vertical, and region. The report also aims at providing detailed information regarding the major factors influencing the growth of the 3D printing market (drivers, restraints, opportunities, and challenges). It strategically analyzes micromarkets with respect to the individual growth trends, prospects, and contributions to the total market.
The 3D printing market based on offering has been subsegmented into offering, which is further sub-segmented into printer (desktop and industrial), material (type: metal, plastic, ceramic, and other materials; and form: powder, liquid, and filament); service (custom design and manufacturing, and after-sales services); and software (design, inspection, scanning, and printing). On the basis of process, the market is segmented into powder bed fusion, material extrusion, vat polymerization, material jetting, binder jetting, directed energy deposition, and sheet lamination. Segmentation on the basis of application includes prototyping, tooling, and functional part manufacturing. The verticals considered for segmentation of the market include aerospace and defense, engineering, healthcare, consumer products, automotive, jewelry, education, energy, architecture and construction, printed electronics, food and culinary, and others. The 3D printer market for desktop segment is expected to grow at a higher rate owing to reduction in printer prices along with technological advancements, leading to their growing deployment across the education, consumer products, food and culinary, and printed electronics verticals.
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However, the 3D printing market faces some challenges associated with maintaining requisite product quality and availability of design tools. Restraints that curb the market are the high cost of materials, limitation of size, and lack of standard process control. This report describes drivers, restraints, opportunities, and challenges pertaining to the market. Furthermore, it analyzes the current scenario and forecasts the market till 2023, including the market segmentation based on offering, process, application, vertical, and region.
Some of the major companies in the 3D printing market include Stratasys Ltd. (US), 3D Systems Corporation (US), EOS GmbH (Germany), Materialise NV (Belgium), SLM Solutions Group AG (Germany), Arcam AB (Sweden), Concept Laser GmbH (Germany), The ExOne Company (US), Voxeljet AG (Germany), Proto Labs, Inc. (US), Optomec Inc. (US), ARC Group Worldwide, Inc. (US), GROUPE GORGÉ (France), EnvisionTEC GmbH (Germany), Mcor Technologies Ltd. (Ireland), Beijing Tiertime Technology Co. Ltd. (China), Renishaw plc (UK), XYZprinting (Taiwan), Ultimaker BV (Netherlands), Koninklijke DSM N.V. (Netherlands), Höganäs AB (Sweden), taulman3D, LLC (US), Nano Dimension (Israel), Carbon Inc. (US), Markforged, Inc. (US), and Cookson Precious Metals Ltd. (UK).
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