Market Analysis: Global 3D Printing Market
3D printing market is to register a healthy CAGR of 22.75% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to reduction in manufacturing cost and time, reduction of errors, and the capability to build customized products.
Market Definition: Global 3D Printing Market
3D printing, also referred as desktop manufacturing or additive printing technology, enables producers to use digital file and multiples of printing equipment to produce objects. There are several kinds of polymers, metals, and ceramics used in 3D printing. 3D printing provides methodologies that are capable of making the production of complicated models an obvious reality. 3D printing has streamlined methods of working in the production, product customization, design, and styling all of which have grown appropriately.
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Market Drivers:
- Regular advancement in technology is driving the growth of the market
- Reduction in production cost and time is helping the market to grow
- Rising demand in healthcare and other applications is also flourishing the growth of the market
- Increasing government initiatives and investments drives the growth of the market
Market Restraints:
- Costly materials and limited availability are restraining the market growth
- Lack of Standard Process Control hinders the market growth
- Lack of information about this technology hampers the market growth
Segmentation: Global 3D Printing Market
By Offering
- Printer
- Desktop
- Industrial
- Material
- 3D Printing Material Market, By Type
- Plastic
- Thermoplastics
- Acrylonitrile Butadiene Styrene (ABS)
- Polylactic Acid (Pla)
- Nylon
- Others
- Polypropylene
- Polycarbonate
- Polyvinyl Alcohol (PVA)
- Photopolymers
- Metals
- Steel
- Aluminium
- Titanium
- Silver
- Gold
- Other Metals
- Ceramics
- Glass
- Silica
- Quartz
- Others
- Other Materials
- Wax
- Laywood
- Paper
- Biocompatible Material
- 3D Printing Material Market, By Form
- Filament
- Powder
- Liquid
- Software
- Design
- Inspection
- Printing
- Scanning
- Service
By Process
- Binder Jetting
- Directed Energy Deposition
- Material Extrusion
- Material Jetting
- Powder Bed Fusion
- Sheet Lamination
- Vat Photopolymerization
By Technology
- Stereolithography
- Fused Deposition Modelling
- Selective Laser Sintering
- Direct Metal Laser Sintering
- Polyjet Printing/Multijet Printing
- Inkjet Printing
- Electron Beam Melting
- Laser Metal Deposition
- Digital Light Processing
- Laminated Object Manufacturing
- Others Technologies
By Application
- Prototyping
- Tooling
- Functional Part Manufacturing
By Vertical
- Automotive
- Aerospace and Defence
- Healthcare
- Architecture and Construction
- Consumer Products
- Education
- Industrial
- Energy
- Printed Electronics
- Jewellery
- Food and Culinary
- Others
Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- Italy
- U.K.
- France
- Spain
- Netherlands
- Belgium
- Switzerland
- Turkey
- Russia
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- South Korea
- Australia
- Singapore
- Malaysia
- Thailand
- Indonesia
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Egypt
- Israel
- Rest of Middle East and Africa
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Key Developments in the Market
- In May 2019, HP introduced Jet Fusion 3D printers, 5200 series. HP's recent machines target volume manufacturing, with injection molding being comparable to precision and repeatability. The company has also formed strategic alliances with industries.
- In July 2019, Divide By Zero has introduces world’s fastest 3D printer, AION500 MK3. AION500 MK3 is 3X quicker than standard CNC machines. The print velocity is 10X higher than any platform based on polymer extrusion anywhere in the globe. This technological advancement will help company to expand its product portfolio.
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Competitive Analysis
Global 3D printing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global 3D printing market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global 3D printing market are 3D Systems, Inc., Netherlands Organization for Applied Scientific Research, NATURAL MACHINES, Choc Edge, Systems & Materials Research Corporation, byFlow B.V., Print2Taste GmbH, Barilla America, Inc., BeeHex, Modern Meadow, Dovetailed, Aniwaa Pte. Ltd., BIOZOON GmbH, Wiiboox, ZMorph, ORD Solutions Inc, PancakeBot LLC and among others.
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