Global 3D Printing Market Is Expected to Reach USD 35.9 Billion In 2026

The global 3D printing market was valued at USD 10.5 billion in 2018 and is expected to reach USD 35.9 billion in 2026, growing at a CAGR of 16.54% during the forecast period.

3D printing is an additive manufacturing process which is used to build a three-dimensional object by using computer-aided design (CAD). This process involves the addition of a raw material layer by layer in order to provide the desired shape. 3D printing process finds applications in multiple industries such as manufacturing, automobile, food & beverages, medical, aerospace & defense, among others.

The growth of the 3D printing market is primarily driven by the benefits offered by additive manufacturing over conventional manufacturing processes such as ease in development of complex products, and demand for customized products. Moreover, the growing emphasis on reducing manufacturing costs and operational downtime is fuelling the growth of this market. However, the high cost of raw materials and limitations regarding product size are some of the factors which are creating a major hindrance for its market growth. However, government initiatives to attract foreign investments in 3D printing projects is anticipated to offer multiple growth opportunities during the forecast period.

Get Sample Copy of this report at: https://www.ozonemarketreports.com/sample-request/global-3d-printing-market-industry-outlook-2016-2026/154333

The service segment expected to grow at the fastest rate of 21% CAGR during the forecast period Based on the offering, the global 3D printing market has been segmented into printer, material, software, and service. The 3D printing industry is in an evolution phase with multiple manufacturers developing more compatible product offerings. There numerous small and medium scale industries who require additive manufacturing solutions but cannot afford the initial investments owing to varying product specifications. Such industries, along with well-established ones prefer 3D printing service as it saves a great amount of cost and time.
Moreover, rapid growth in healthcare and aerospace industries, which continuously require to optimize the products, is driving the growth of the service offering sector. Based on the end use industry, the automotive segment is expected to lead during the forecast period Based on the end-use industry, the market has been segmented into automotive, aerospace and defense, healthcare, architecture and construction, consumer products, and others.

Browse Full Report at: https://www.ozonemarketreports.com/ict-media/global-3d-printing-market-industry-outlook-2016-2026/154333

The automotive segment accounted for almost 35% share in the market in 2018 and further expected to lead the market during the forecast period. Latest developments in 3D printing materials which are more suitable for advanced automobiles is one of the key driving factors for this segment. Additionally, growth in the automotive industry in the past few years and early adoption of 3D printing technology is propelling the segmental growth. North America to dominate the 3D printing market throughout the forecast period North America accounted for nearly 32% share of the global 3D printing market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe and Asia-Pacific. The strong presence of end-use industries in the North America region is one of the key factors driving the consumption of 3D printing in this region.

Avail a UPTO 40% Discount on Purchase at: https://www.ozonemarketreports.com/discount-request/global-3d-printing-market-industry-outlook-2016-2026/154333

Moreover, the growth of construction, automotive and textile manufacturing industry in United States are also propelling the growth of 3D printing in the North America region. Asia Pacific accounted for the highest CAGR in the global 3D printing market during the forecast period.Company Profiles and Competitive Intelligence:The major players operating in the global 3D printing market are Stratasys (US), 3D Systems (US), EOS GmbH (Germany), GE Additive (US), Materialise (Belgium), SLM Solutions (Germany), ExOne (US), Voxeljet (Germany), HP (US), and EnvisionTEC (Germany) among others.

Table Of Content

Chapter 1 Executive Summary
1.1.Market Summary
1.1.1.Global 3D Printing Market, 2016-2026, (USD Million)
1.2.Market Snapshot: Global 3D Printing Market
1.3.Market Dynamics
1.4.Global 3D Printing Market, by Segment, 2018
1.4.1.Global 3D Printing Market, by Offering, 2018, (USD Million)
1.4.2.Global 3D Printing Market, by End-use Industry, 2018, (USD Million)
1.4.3.Global 3D Printing Market, by Region, 2018 (USD Million)
1.5.Premium Insights
1.5.1.3D Printing Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2.Global 3D Printing Market: Regional Life Cycle Analysis

Name: Steven Samuel
Email - info@ozonemarketreports.com
Phone - +91 9370882135
Website: https://www.ozonemarketreports.com/

Ozone Market Reports is committed towards delivering intensive research based analysis reports, enabling clients to easily make fact-based decisions. We also have with us the facility of our innovatively designed and developed data processing and analysis division.

Ozone Market Reports is a research-based consulting firm specializing in getting research inputs and using them appropriately in the marketing planning process. In saying this, we are trying to convey that we always attempt to interpret the research data from the viewpoint of recommending action priorities - both short-term and long-term. To this end, we have put together a team that understands not only research techniques, but also branding concepts in depth. We believe our people are our clients' biggest assets hence we do our best to recruit multi-skilled individuals, and then give them an environment where they can think and ideate freely.

This release was published on openPR.