openPR Logo
Press release

The 3D printing market is projected to grow at a high CAGR of 27.59 percent during the forecast period 2018-2024

10-15-2019 08:53 AM CET | IT, New Media & Software

Press release from: Knowledge Sourcing Intelligence

The 3D printing market is projected to grow at a high CAGR of 27.59

Knowledge Sourcing Intelligence announces the latest and most exhaustive in-depth study on the 3D Printing Market covering the key trends along with drivers and restraints during the forecast period 2018 to 2024. According to the report titled “3D printing Market - Forecasts From 2019 TO 2024”, the market is expected to surge at a high annual growth rate of 27.59 percent to achieve a market size of US$39.640 billion by 2024 from US$9.190 billion in the base year 2018.

The report has segmented the 3D printing market on the basis of Component, Technology, End-User, and Geography.

3D PRINTING MARKET BY COMPONENT

• Hardware
• Software
• CAD Tools
• Slicers
• Others
• Services
• Material
• Metals
• By Type
• Aluminum
• Nickel
• Steel
• Others
• By Form
• Filament
• Powder
• Liquid
• Plastic
• By Type
• PLA
• PET
• ABS
• Others
• By Form
• Filament
• Powder
• Liquid
• Ceramics
• Others

3D PRINTING MARKET BY TECHNOLOGY

• VAT Photopolymerization
• Stereolithography
• Digital Light Processing
• Continuous Digital Light Processing
• Metal Extrusion
• Material Jetting
• Binder Jetting
• Direct Energy Deposition
• Powder Bed Fusion
• Multi Jet Fusion
• Selective Laser Sintering
• Direct Metal Laser Sintering / Selective Laser Melting
• Electron Beam Melting
• Sheet Lamination

3D PRINTING MARKET BY END-USER

• Healthcare
• Automotive
• Aerospace and Defence
• Construction
• Others

3D PRINTING MARKET BY GEOGRAPHY

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Others

Increasing application across various end-user industries will drive the growth of the 3D printing market during the forecast period.

The Development Department of the French luxury brand, Bugatti has for the first time designed and developed a brake caliper using 3D printing. Earlier the main metal used was aluminum, which has been replaced by titanium and it is the world’s largest functional component produced using the 3D printing process. Soon, the vehicle trials for this 3D titanium brake caliper will be produced in series. In the year 2017, the world’s first 3D printed concrete bridge was opened. It was a part of a new road around the village of Gemert, Netherlands and was developed at the Eindhoven University of Technology. The bridge is 8 meters long, 3.5 meters wide. It was tested by putting a load of 5 tons, a lot more than its actual calculated capacity. The bridge is the first civil infrastructure built using 3D concrete printing. Other applications of 3D printing include polymers which are safe, non-toxic and recyclable, 3D printed jewelry, and 3D printed pens.

North America is expected to hold a substantial market share in the global 3D printing market.

North America is projected to hold the largest market share owing to the early adoption of technology, also, a large number of market players are based in this region, burgeoning the market growth during the forecast period. The growing healthcare industry in this region, with the highest health expenditure of the United States among all the industrialized countries of the world, is providing an opportunity for the market to grow at a significant rate during the forecast period. The North American region is a pioneer in automotive manufacturing in the world. The presence of the leading automotive manufacturers and automotive component manufacturers such as General Motors is contributing to the market growth owing to the use of 3D printing in the manufacturing of automotive components.

Some of the major players discussed in the reports are Stratasys, Ltd., The ExOne Company, Ultimaker BV, Xjet, and EnvisionTEC among others.

Request customization or place an order: https://www.knowledge-sourcing.com/report/3d-printing-market

Knowledge Sourcing Intelligence LLP,
406, 4th Floor,
H-140, Sector 63
Noida, U.P., India - 201301
Web: https://www.knowledge-sourcing.com

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The 3D printing market is projected to grow at a high CAGR of 27.59 percent during the forecast period 2018-2024 here

News-ID: 1848958 • Views: 64

More Releases for America

Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles (www.nationalautoraffle.com) and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Latin America Oil & Gas Potential
Produced by The CWC Group, Latin American Oil and Gas Conference takes place on 25 – 27 October 2011, Mandarin Oriental Hotel, Miami, U.S.A. Organisers confirmed that the strategic conference will feature advanced insights from important organisations in the region alongside NOC’s showcases from Brazil, Mexico, Colombia, Trinidad & Tobago, Venezuela, Uruguay and Bolivia. Content centres on the development of the Latin America’s resources, the impact of shale
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the