3D Printing Market In Europe Forecast To 2024 Emphasis On Component, Material And Technology Analysis By Top Key Player 3D Systems Corporation, Arcam AB, Royal DSM N.V., ExOne Company.

The European 3D printing market is segmented based on component, sub-component, technology and industrial verticals. Product (industrial and desktop printer), material (polymer, metal & alloy, ceramic and other) and services are the types of components considered while analyzing and defining the penetration of 3D printing technology in different geographies and countries. In 2017, product segment dominated the Europe 3D printing market with maximum share in terms of revenue. Based on estimation, the segment occupied for around 36.8% share in the same year. However, increasing demand for desktop printers would help the product segment to grow at a faster rate of 27.9% during the forecast period (2018-2024).

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Additive manufacturing in Europe act as a strengthening pillar for the industrial sector and rapid adoption of 3D printing in industrial processes has significantly supported the reduction of cost of manufacturing in high end industrial verticals such as aeronautics and in processing spare parts for machines. It has been observed that Europe will represent around 22% share by 2024.

3D printing offers integration of metals & alloys with other raw materials as per the requirement of the end-user industry, to create specified 3-dimensional objects. During 2017, polymer held prominent share of 33.5% followed by plastic which held 30.6% during the same year. Polymer market in Europe 3D printing was valued at US$ 96.6 Million in 2017 and is projected to derive US$ 525.5 Million revenues by 2024 witnessing astonishing CAGR of 27.6% during the forecasted period.

Numerous industrial sectors are influenced by 3D printing solutions. In addition, Custom Design and Manufacturing held more than 50% share and garnered US$ 121.5 Million revenues during 2017. Based on technology, the Europe market is segmented into stereolithography, selective laser sintering, electron beam melting, fused deposition modeling, laminated object manufacturing and others. In 2017, Fused Deposition Modelling technology dominated the Europe 3D Printing market, and is expected to maintain its dominance throughout the analyzed period.

It is projected to reach US$ 1,789.1 Million by 2024 showcasing significant CAGR of 26.2% during the analyzed period. Furthermore, depending on application type, the market is further classified into Functional Parts, Fit and Assembly, Prototype Modelling, Education, Metal Casting, Metal Casting, Visual Aids and Presentation Modelling. During 2017, functional parts occupied the largest share of 33.8% followed by Fit and assembly application type in regional 3D printing market.

Moreover, benefits of 3D printing can also be witnessed among various industry verticals such as Education, automotive, aerospace & defense, healthcare, consumer goods, manufacturing, construction and others where the additive manufacturing has turned out to be a game changer.

Automakers and raw material suppliers for manufacturing sector have realized the benefits of 3D printing solutions, eventually increasing the demand for 3D printing solutions in these industries. In the automotive industry, the use of 3D printing technology has been successful in bring about new shapes to the industry, allowing the industry to produce lighter and more complex structures at affordable price ranges. Manufacturing sector was accounted as the fastest growing industry vertical in terms of its applications in 3D printing. Based on estimation, the respective segment is projected to generate revenue of US$ 1,090.6 Million in by 2024 displaying tremendous CAGR of 26.2% during the forecasted period in Europe 3D printing market.

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As Europe forms an interesting market for 3D printing leading companies in European region have begun making huge investments in the respective sector. In addition, European Union has also offered immense opportunities to boost up the research initiatives in 3D printing landscape. Regional 3D printing competitors have come up with ambitious R& D strategies and are stepping up the R&D funding commitments for additive manufacturing wherein during 2014-16, total of US 142 Million in EU funding gave rise to more than 20 additive manufacturing projects. Since additive manufacturing is defined as one of the advanced technologies, it has significantly contributed towards the industrial rejuvenation in Europe.

It has not just appealed to big businesses but it has been successfully embraced by small and medium enterprises. Although right set of education and skills is absent in 3D printing, but with 3D technology gaining ground across Europe, it has been anticipated that industrial rejuvenation can get generate skilled jobs thereby offsetting significant job loss of around 3.5 Million since 2008 owing to economic crisis. Moreover, Europe constitutes to be the key leader in the development of additive machines for fabrication of metallic parts, expertise of companies and research centers in metal industry has further made Europe as one of the lucrative destinations for investments. Furthermore, with 3D printing growing large in other industries such as toys, robotics, prosthetics and car parts, it is anticipated that apparel production forms as promising market wherein adoption of the 3D technology will gradually meet more and more of the demands in the aforementioned sector.

However, lack of standardization and certifications paired with issues related to intellectual property rights and patent development encompass some of the impeding factors in European 3D printing market.

Also, for better understanding of 3D printing market penetration, the market is analyzed in different geographies and countries of Europe (Germany, U.K., France, Russia, Spain, Italy and Rest of Europe), Based on estimation, Europe accounted for revenue share of 20.6% in 2017 and continues to look at 3D printing to pursue its industrial renaissance. Germany constitutes as one of the leading country in terms of adoption of 3D printing with majority of German companies already using the 3D printing and some businesses on the verge of adopting it in coming future. The country contributed around US$ 275.5 Million in 2017 towards regional 3D printing sales and is further projected to garner US$ 1,342.2 Million by 2024 registering CAGR of 25.6% over the period. Moreover, the gradual acceptance of 3D printing among French factories has also resulted into considerable metamorphosis in its industrial sector. Several government initiatives undertaken have enhanced the acceptance of additive manufacturing in the country. French manufacturing sector represent around 5% of the worlds additive manufacturing market.

Considering the presence of 3D printing players in European region, 3D Systems Corporation, Arcam AB, Royal DSM N.V., ExOne Company, Autodesk, Inc., Stratasys Ltd., Organovo Holdings, Inc , Hoganas AB, Mcor Technologies Limited and Voxeljet AG, constitute as some of the prominent players operating in 3D space.

The players consistently aim to focus on product development, launch new products and enhance their existing portfolios to expand their customer base and strengthen their market position through partnerships and collaborations which further offers them growth opportunities for geographic expansion.

Table Of Contents @
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 INDUSTRY PERFORMANCE
4 EXECUTIVE SUMMARY
5 MARKET OVERVIEW
6 EUROPE MARKET INSIGHTS BY COMPONENT
7 EUROPE MARKET INSIGHTS BY TECHNOLOGY

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