Press release
3D Printing Market: Winning Strategies, Global Opportunities, Growth Drivers & Leading Players
The global 3D printing market was valued at $4,164.2 million in 2014, and is projected to reach $44,393.1 million by 2025, registering a CAGR of 21.8% from 2019 to 2025. North America was the highest contributor to the global market, with $1,728.1 million in 2014, and is estimated to reach $16,838.3 million by 2025, registering a CAGR of 20.8% during the forecast period.
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Growth in use of 3D printing in the automotive industry, ability to provide customized products, and efficient logistics management drive the market. In future, rise in 3D printing applications in healthcare and other industries is expected to create lucrative opportunities for the key players operating in the market.
The global 3D printing market is segmented based on technology, component, end user, and region. Based on technology, the market is classified into stereolithography (SLA), fused deposition modelling (FDM), selective laser sintering (SLS), electron beam melting (EBM), digital light processing (DLP), and others.
Industry Growth Drivers:
• Growth in use of 3D printing in the automotive industry
• Ability to provide customized products
• Efficient logistic management
Opportunities:
• Increase in application in healthcare
• Application into various industries
Top End-User Industries:
• Automotive
• Healthcare
• Industrial
• Consumer electronics
• Aerospace & defense
• Others
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The key players involved in the 3D printing market include 3D Systems, Arcam AB, Autodesk, Inc., Stratasys Ltd., The ExOne Company, Hoganas AB, Optomec, Inc., Organovo Holdings, Inc., Ponoko Limited, and Voxeljet AG.
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