The global 3D printing market is expected to attain a market value of USD 26,808.6 million by 2022, at a CAGR of 29.8% during the forecast period (2016-2022). 3D printing, also referred to as additive manufacturing, is a combination of processes used to produce three dimensional objects. In case of 3D printing, numerous layers of different kind of printing materials are formed under machine control to create 3 dimensional objects. The 3 dimensional images can be of varied shapes or geometries. Based on components, the global 3D printing market is segmented into products, materials and services. In 2014, services segment dominated the global 3D printing market with a market value of USD 1,773.9 million.
3D printing has all the potential to significantly impact the way companies produce innovative products. Various companies are investing heavily on research & development activities, especially for product development. This has increased the rate of adoption of 3D printing technology in industrial sectors including automotive, healthcare and aerospace & defence among others. As per R&D Magazine, in 2014, ten countries held about 80% of the total USD 1.6 trillion investments on R&D activities in different industries including automotive, aerospace and others. The U.S., China and Japan accounted for more than half of the total R&D investment.
Based on technology, the market is segmented into stereo lithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing and others. In 2014, Stereo lithography technology dominated the market, and is expected to maintain its dominance throughout the analyzed period. Education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others are the major industrial verticals where 3D printing has emerged as a game changer. Based on application, the global 3D printing market is segmented into education/research, visual aids, presentation modeling, fit and assembly, prototype tooling, metal casting, functional parts production and other. In 2014, functional parts production segment dominated the global 3D printing application market. Visual aids segment on the other hand is expected to register fastest growth during the forecast period.
Further, for better analysis and understanding the market penetration of 3D Printing market, the market is divided into different geographies and countries including North America (U.S., Canada, Mexico and Others), Europe (Germany, U.K., France, Russia, Spain, Italy and Others), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Others) and LAMEA (UAE, Saudi Arabia, Brazil, Argentina, South Africa, Nigeria and Others). In 2014, North dominated the global 3D printing market. Increasing automotive production in countries such as China and India would help the Asia-Pacific region to grow at a faster rate during the analysed period.
Some of the prominent companies profiled in the global 3D printing market are 3D Systems Corporation, Arcam AB, Royal DSM N.V., Stratasys Ltd, Autodesk, Inc., The ExOne Company, Hoganas AB Plc., Organovo Holdings, Inc., Mcor Technologies Limited and Voxeljet AG.
Full report: https://kbvresearch.com/global-3d-printing-market-2016-2022/
Global 3D Printing Market By Component
Global 3D Printing Market Product Market by Printer Type
Global 3D Printing Market By Material
Metal & Alloy Retail
Global 3D Printing Market By Technology
Selective Laser Sintering
Electron Beam Melting
Fused Deposition Modeling
Laminated object Manufacturing
Global 3D Printing Market By Application
Fit and Assembly
Functional Parts Production
Global 3D Printing Market By Vertical
Aerospace & Defense
Global 3D Printing Market By Geography
North America 3D Printing Market
U.S. 3D Printing Market
Canada 3D Printing Market
Mexico 3D Printing Market
Rest of North America 3D Printing Market
Europe 3D Printing Market
Germany 3D Printing Market
Spain 3D Printing Market
France 3D Printing Market
U.K. 3D Printing Market
Russia 3D Printing Market
Italy 3D Printing Market
Rest of Europe 3D Printing Market
Asia-Pacific 3D Printing Market
China 3D Printing Market
Japan 3D Printing Market
India 3D Printing Market
South Korea 3D Printing Market
Singapore 3D Printing Market
Taiwan 3D Printing Market
Rest of Asia-Pacific 3D Printing Market
LAMEA 3D Printing Market
Brazil 3D Printing Market
Argentina 3D Printing Market
UAE 3D Printing Market
Saudi Arabia 3D Printing Market
South Africa 3D Printing Market
Israel 3D Printing Market
Rest of LAMEA 3D Printing Market
3D Systems Corporation
Royal DSM N.V.
The ExOne Company
Hoganas AB Plc.
Organovo Holdings, Inc.
Mcor Technologies Limited
North America 3D Printing Market (2016-2022)
Europe 3D Printing Market (2016-2022)
Asia Pacific 3D Printing Market (2016-2022)
LAMEA 3D Printing Market (2016-2022)