The global 3D printing market was valued at US$8.63 Bn in 2018 and expected to reach US$ 34.5 Bn by the end of the forecast period, growing at a CAGR of 24.2% during the period from 2018 to 2023. Browse industry intelligence content at: Full Report Link
Dublin, United States - February 22, 2019 /MarketersMedia/ —
The global 3D printing market was valued at US$8.63 Bn in 2018 and expected to reach US$ 34.5 Bn by the end of the forecast period, growing at a CAGR of 24.2% during the period from 2018 to 2023. Browse industry intelligence content at: Full Report Link
3D printing is also known as additive printing technology or desktop fabrication that allows the manufacturers to develop different objects with the help of printing materials and digital file. The materials that are used in 3D printing include metals, polymers, and ceramics. 3D printing offers different methodologies that make manufacturing of the complex design into apparent reality. The automotive and consumer electronics industry each contribute 20% of the 3D printing revenue. These industries use technology during the prototyping stage of the production process. For instance, the manufacturers of smartphones are slowly using 3D printing not only for prototyping but also some component parts that are manufactured with the help of 3D methods.
Inquire for Discount Upto 50% on 3D printing market 2018-23 Report at: inforgrowth/3dprinting/discount
Increase in the usage of 3D printing in the automotive industry is boosting the market growth over the years. 3D printing reduces the weight of the vehicle, improves the performance of the car, and increases fuel economy. Moreover, 3D printing can increase the speed of the delivery and development for the customized products and minimizes the maintenance cost.
In May 2018 BMW launched a bike that consisted of 3D printed frame and a swing arm that is manufactured by the 3d technologies. However, high-cost high cost associated with the 3D printing technologies is a major factor that is restraining the global market. There are several factors that lead to high prices of 3D printing devices. For instance, the software required to operate the 3D printers are expensive and regular updates are required to keep it effective and efficient. In addition to this 3D printing cannot be adopted by all the industries due to the high entry cost of the goods associated with 3D printing.
Key Companies Analysis: Proto Labs, Stratasys Ltd, 3D Systems, Materialize NV, Organovo.
3D printing Market analysis done based on product type, global 3D printing market is segmented into Stereolithography (SLA), Digital Light Processing (DLP), Fused deposition Modeling (FDM), Selective Laser Sintering (SLS), Selective Laser Melting (SLM), Electronic Beam Melting (EBM), Laminated Object Manufacturing (LOM), Binder Jetting (BJ), Material Jetting (MJ).
Based on the application type, the global 3D printing market is segmented into tooling, prototyping and functional parts.
Based on end-use industry type, the global 3D printing market is segmented into engineering, healthcare, aerospace, defense, consumer products, jewellery, automotive, energy, education, printed electronics.
Recent Developments in the Market:
Stratasys Ltd. Offers production of prototypes, digital manufacturing parts that are used in the processes of manufacturing and designing products. The company recently announced that the French manufacturer of aerospace Latécoère deployed Fortus 450 mc 3D printer into the manufacturing and designing process to gain operational efficiency.: In Aug 2018 Proto Labs Inc. announced the addition of Multi Jet Fusion to its suite of 3D printing technologies. The production-grade 3D printing technology developed by HP helps to build fully functional prototypes and the production parts at an accelerated speed, consistent mechanical properties and detailed precision
U.S, North America: In Dec 2018 Protolabs, a manufacturing and 3D printing service have become a founding member of the new Massachusetts Institute of Technology (MIT) Center for Additive and Digital Advanced Production Technologies (ADAPT). The strategy focuses on upscaling manufacturing technology through research. The different companies are Renishaw, Volkswagen, General Motors among others
Materialise: In Nov 2017 Materialise collaborated with Siemens in order to bring 3D printing capabilities to the hospital the partners will provide software that is necessary to make the anatomical models using the patient data and added another dimension to the field of medical imaging
Ask for sample copy of this report at: Full Report Sample Link at: inforgrowth.com/3dprinting/sample
Related Reports on 3D Printing Market:
Global 3D Printing Market Summary Report
Global 3D Printing Market Segmentation Report
Global 3D Printing Market Regional Report
Global 3D Printing Market Competitive Intelligence & Company Profiles Report
Global 3D Printing Market Statbook
Contact Info:
Name: Rohan
Email: Send Email
Organization: InForGrowth
Address: 6400 Village Pkwy suite # 104, Dublin, CA 94568, USA
Phone: +1-909-329-2808
Website: http://www.inforgrowth.com
Source: MarketersMedia
Release ID: 484958
