3D Printing Market: Industry Insights, Trends and Forecast upto 2017 – 2025

A highly competitive landscape is showcased by the global 3D printing plastics market, says Transparency Market Research on the basis of a newly published report. Such competition mainly exists due to the presence of numerous players in the market. Some of the major players operating in the global 3D printing market are Solidscape, Inc., Stratasys, Ltd., EOS GmbH, Concept Laser GmbH, Arcam AB, Voxeljet Technology GmbH, SLM Solutions GmbH, and ExOne GmbH. The competition is prophesized to further intensify with an increase in the number of players in the global 3D printing market.

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Most regional players face stiff competition from the more renowned and international businesses in this sector. Several companies are working towards improving their product portfolios and expanding their geographical horizons in the global 3D printing market. With technological development taking place through several players coupled with an increase in the number of players, the global dental 3D printing market is expected to showcase a highly intensified competition in the near future.

As per expert analysts, the global 3D printing market is expected to garner revenue worth US$32.3 bn by 2025. This figure was earlier clocked at US$7.3 bn in 2016. Moreover, such growth is attributable to the presence of a meteoric CAGR of 18% prophesized to occur during the forecast period from 2016 to 2025.

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Increasing Number of Applications for 3D Printed Products Propels Market Expansion

3D printing offers an immense number of benefits such as sturdiness, attractive designs, enhanced quality of products, and more. Due to these benefits, the demand for the products is quite high, thereby stoking growth in the global 3D printing market. Moreover, several favorable initiatives from governments and other manufacturing organization to increase awareness about the availability of 3D printed products too is fueling expansion in the market.

A major reason for driving growth in the global 3D printing market involves a rampant increase in its applications in various fields. Ranging from automobiles and healthcare to consumer commodities and aerospace, the requirement for quality components can easily be met through the use of 3D printing technologies. Many companies are focusing on using new materials as well as investing in developing better technologies, thus making the global 3D printing market spurt growth at a splendid pace. As players focus on regulating product prices and improving their sales techniques, the 3D printing industry is prophesized to see a great future.

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This release was published on openPR.