According to a new market report published by Lucintel, the future of the global 3D printer market looks promising with opportunities in consumer products, healthcare, automotive, and aerospace industries. The global 3D printer market is expected to reach an estimated $4.2 billion by 2022, and it is forecast to grow at a CAGR of 12.8% from 2017 to 2022. The major drivers for the growth of this market are ease in development of customized parts, prototyping, product designing, and concept modeling.
In this market, the main segments by device type are desktop/personal printer and industrial/professional printer. On the basis of comprehensive research, Lucintel forecasts that the industrial/professional printer segment is expected to show above average growth during the forecast period.
Within the global 3D printer market, the industrial/professional printers segment is expected to remain the largest segment. Higher efficiency of industrial/professional printers in terms of time and cost is expected to result in significant growth of the industrial/professional printer segment.
Stereolithography, selective laser sintering (SLS), electron beam melting, fused deposition modeling (FDM), and laminated object manufacturings are the major segments of the global 3D printer market, by technology type. The fused deposition modeling segment is expected to be the largest segment during the forecast period.
By end use, the global 3D printer market is segmented into consumer products, healthcare, automotive, and aerospace. Healthcare is expected to remain the fastest growing market mainly due to increasing demand for patient specific product in orthopedics, dental implants and prosthetics.
North America is expected to remain the largest market during the forecast period mainly due to its well-developed industrial infrastructure and technological advancement in various applications such as automotive, consumer products, aerospace, and healthcare industries.
Emerging trends which have a direct impact on the dynamics of the industry include increasing use of multi-material and multi-color printers, use of delta configuration in printers, and adoption of 3D printing technology in architectural models. Stratasys, EOS GmbH, 3D Systems, SLM, and Voxeljet are among the major suppliers of 3D printers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global 3D printer market by product type, technology, end use, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global 3D Printer Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global 3D printer market by device type, technology, end use, and region, as follows:
By Device Type [Value ($ Million) from 2011 to 2022]:
• Desktop/Personal Printers
• Industrial/Professional Printers
By Technology [Value ($ Million) from 2011 to 2022]:
• Selective Laser Sintering
• Electron Beam Melting
• Fused Deposition Modeling
• Laminated Object Manufacturing
By End Use [Value ($ Million) from 2011 to 2022]:
• Consumer Products
By Region [Value ($ Million) and Volume (Thousand Units) from 2011 to 2022]:
• North America
− United States
− United Kingdom
This 183-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email@example.com. Lucintel offerings include Telecommunication Report, Telecommunication Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix.
This report addresses the following key questions:
Q. 1. What are some of the most promising, high-growth opportunities for global 3D printer market by device type, which includes desktop/personal printers and industrial/professional printers, technology (stereolithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing, and others), end use (consumer products, healthcare, automotive, aerospace, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2. Which products segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being taken by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q. 11. What M&A activity has occurred in the last 5 years?