3D Printing Market Research Report 2019, Industry Trends, Share, Size, Demand and Future Scope

According to the latest report by IMARC Group titled, "3D Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", The global 3D printing market reached a value of US$ 9.2 Billion in 2018. Looking forward, IMARC expects the market to reach US$ 24.8 Billion by 2024, exhibiting a CAGR of 18% during 2019-2024.

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3D printing, also referred to as additive manufacturing or desktop fabrication, is the process of adding multiple layers to create a three-dimensional object using computer-aided-design (CAD) software. This technology helps in building patterns, tooling components, physical models and distinctive structures by deploying 3D printers. Unlike conventional printing techniques, 3D printing enables fabrication of complex shapes, depicts faster and higher-quality production capabilities, allows easy customization, and minimizes errors. As a result, 3D printing is employed in various industries ranging from the fashion industry for preparing jewelry and nylon-based clothing design to the aerospace industry for manufacturing lightweight aircraft structures. It is also used in the healthcare industry for making prosthetic bone, skin and cartilage implants. Apart from this, the increasing penetration of low-cost 3D printing solutions, coupled with the rising environmental concerns, has augmented the demand for 3D printing in several bio-printing applications, including bio-synthetic polymers. Moreover, rapid technological advancements, such as the introduction of the fused deposition modeling (FDM) technology, have led to the utilization of 3D printing as an affordable solution for manufacturing intricate designs. Owing to the factors mentioned above, the market is expected to flourish in the upcoming years.

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Market Breakup by Technology:

Stereolithography
Fused Deposition Modeling
Selective Laser Sintering
Electron Beam Melting
Digital Light Processing
Others
Market Breakup by Process:

Binder Jetting
Directed Energy Deposition
Material Extrusion
Material Jetting
Powder Bed Fusion
Sheet Lamination
Vat Photopolymerization
Market Breakup by Application:

Prototyping
Tooling
Functional Part Manufacturing
Market Breakup by Region:

Europe
North America
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Stratasys, 3D Systems, Materialise, EOS GmbH, Ge Additive, Exone, Voxeljet, HP, SLM Solutions, Envisiontec, Protolabs, Mcor Technologies, Optomec, Groupe Gorgé, Ultimaker, Renishaw, Beijing Tiertime Technology, Xyzprinting, etc

Key highlights of the report:

Market Performance
Market Outlook
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Competitive Structure
Profiles of Key Players
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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.