3D printing is a layer-upon-layer addition of materials to form an object using a three-dimensional file with the help of a 3DP software that is compatible with the 3D printer. The industrial version of 3D printing resembles the Additive Manufacturing (AM) process. The three dimensional printing process includes the use of a three-dimensional printer, which may be either industrial or desktop 3D printers, a compatible software, and relevant printing technology. The process is then deployed by the necessary industry vertical.
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Based on printer types, the market has been segregated into industrial printers and desktop printers. The industrial printers segment accounted for the largest market share in 2016 and is anticipated to dominate the market over the forecast period. The major market share is stemmed from their extensive adoption in heavy industries such as automotive, electronics, aerospace & defense, healthcare, and others. Industrial applications, such as prototyping, designing, and tooling, are contributing to the high demand generated from these industry verticals.
Desktop printers, which were earlier adopted by hobbyists and small enterprises, are now witnessing a traction from the household or domestic segments. Furthermore, desktop printers are garnering attention from the educational sector, including schools, institutes, and universities, which is stemmed from the growing importance of technical training and initiatives for intensive research.
Desktop printers are also experiencing a growing demand from small businesses, which are likely to offer these printers as additional services with 3D printers and related materials. For instance, the U.S. market is experiencing a growth in the fabshops concept, which offers three dimensional printing of parts & components as per customer requirements and customized designs. As such, the market for desktop printers is assessed to portray a rise in demand over the estimated duration.
The North American regional market dominated the global 3D printing industry in terms of revenue in 2016, accounting for the maximum market share. The growth may be attributed to the increasing technological advancements and the regions economic potential to invest in emerging technologies. The U.S. and Canada are some of the prominent and early adopters of emerging technologies across various manufacturing practices. These factors offer lucrative opportunities for 3D printing in different applications in the North American region.
Europe being the largest region in the world consists of several industry players operating actively in the additive manufacturing industry. The region has a strong hands-on technical expertise and an absolute know-how of additive manufacturing, which has made it the second-largest market.
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On the other hand, the Asia Pacific region is anticipated to witness a remarkable growth in the 3DP market. The region is anticipated to register a CAGR of 20.4% from 2017 to 2025. The regional countries such as Japan, China, and South Korea are expected to emerge as the promising adopters of the additive manufacturing over the forecast period in the manufacturing practices in the various industry verticals.
In 2018, the global 3D Printing (3DP) market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global 3D Printing (3DP) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the 3D Printing (3DP) development in United States, Europe and China.
The key players covered in this study
Made In Space
Market analysis by product type
Market analysis by market
Aerospace & Defense
Power & Energy
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Market analysis by Region
Central & South America
The study objectives of this report are:
To analyze global 3D Printing (3DP) status, future forecast, growth opportunity, key market and key players.
To present the 3D Printing (3DP) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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