3D Printing Market Applications, Outstanding Growth, Market status and Business Opportunities

Market Highlights

The growing utility of 3D printing across different verticals is expected to promote the growth of the global 3D printing market. Moreover, this anticipated to influence the market 3d printing market share in the assessment period. 3D printing is gaining popularity across different industries due to Mounting complexity in design due to the growing sustainability needs. It is likely to support the expansion of the worldwide 3D printing market. The evolution of technology is noted to play a vital role in the market growth. However, lack of well-trained labors and high costing are likely to impede the 3D printing market expansion.

3D printing technology can simplify the manufacturing of complex designs that is expected to surge its global market, states Market Research Future (MRFR). Also, popular as additive printing technology, it is enabling manufacturers to develop objects using different printing material and digital files. The feature is observed to benefit sectors, such as automobile, consumer electronics, and aerospace.

Key Players

MRFR list for key players of the 3D printing market comprises Shapeways (U.S.), Formlab (U.S.), 3D Hubs (Netherlands), Ultimaker (Netherlands), Carbon 3D (U.S.), Zortrax (Poland), MyMiniFactory (U.K.), Local Motors (U.S.), Canon Inc. (Japan), Stratasys Ltd. (U.S.), Amazon.Com, Inc. (U.S.), Graphene 3D Lab Inc. (U.S.), HP Inc (U.S.), Shapeways, Inc. (U.S.), Beijing Tiertime Technology Co., Ltd. (China), Wiivv Wearables Inc. (Canada), Materialise NV (Belgium), The Argen Corporation (U.S.), The Exone Company (U.S.), 3D Systems Corporation (U.S.), Arcam Group (Swedan), Proto Labs (U.S.), Envisiontec GmbH (Germany), 3d Ceram (France), Optomec Inc. (U.S.), Reprap (Denmark), and others.

Regional Outlook

3D printing is booming in Europe. Evolution in business models and products are likely to play a powerful role in the expansion of the 3D printing market in Europe. The UK expected to contribute largely to the rapid expansion of the Europe market due to the adoption of strategies by regional key players of the market. Rapid prototyping and custom tooling are activities that are executed by Europe 3D printing developers likely to impact the regional market growth.

In Asia Pacific, the high rate of adoption of 3D printing in the aerospace and defense industry is positively influencing the market. The growing dependency of the aerospace on 3D printing to alleviate supply chain pain points, improve warehouse space management, and curb waste during production procedures, is expected to propel the APAC market.

The surge in the sale of consumer electronics is expected to impel the 3D printing market expansion in the North America region. The presence of robust technical base and rise in the adoption of 3D printing by the expanding healthcare sector are causes that can spur the market growth in North America.

Segmentation:

The segmental study of the global 3D printing market growth is done by technology, operation, material, and application.

The technology-based segments of the 3D printing market are Fused deposition modeling (FDM), Stereolithography (SLA), Selective Laser Sintering (SLS), Digital Light Processing (DLP), Selective laser melting (SLM), Laminated object manufacturing (LOM), and Electronic Beam Melting (EBM).

The market segments that are based on material are; polymer, metal, ceramic, nylon, and others.

By operational model, the market segments are; Service Provider and in-house.

The application-based segments are; plastics, automotive and aerospace, electronics, mechanical and plant engineering, consumer goods, pharma and medical, energy logistics, wholesale and retail, transport, and others. 3d printing technology is gaining popularity in the automobile industry as they are simplifying production and other procedures, such as designing, prototyping, and testing. The rise in the need for smart car models is expected to act as a growth inducer for the 3D printing market.