3D Printing Market Evolving Technology, Demand and Business Growth Analysis 2021 to 2026

Global 3D Printing Market 2021-2026 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global 3D printing market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the 3D Printing market all told its geographical and merchandise segments.

The 3D printing market was valued at USD 13.7 billion in 2021 and is expected to reach a value of USD 63.46 billion by 2026, at a CAGR of 29.48% over the forecast period (2021 - 2026).

The Global 3D Printing market is highly competitive and consists of a number of major players. Companies like Stratasys Ltd., 3D Systems Corporation, EOS GmbH, General Electric Company (GE Additive), Sisma S.P.A., ExOne Co., SLM Solutions Group AB, Proto Labs Inc., Hewlett Packard Inc., Nano Dimernsion Ltd., Ultimaker B.V., Mcor Technologies, Xyzprinting, Beijing Tiertime Technology, Renishaw, Royal DSM, Nano Dimension among others.

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Market Overview:

3D Printing, also known as additive manufacturing, is a technology that creates objects, as it offers a plethora of opportunities in production, design, and performance of novel architectural forms, construction systems, and materials. It is an innovative, faster, and more agile method of product development and production.  

Scope of the Report:

- With rapid advancements in material composition, such as the emerging use cases of polymers and metals, additive manufacturing is evolving from a prototyping tool to a functional part of fabrication. New materials, shorter lead times, and innovative finishes while adhering to standards (FDA, ASTM, and ISO) are enabling the technology to be integrated into manufacturing processes
- Further, the decreased prices of additive manufacturing -based machines, coupled with growing expertise and awareness, have increased this technology's availability. Newer and advanced fused deposition modeling methods have enabled the use of diverse materials, thereby boosting widespread adoption across various industries over recent years.
- According to Essentium's survey in March 2019, the number of manufacturers using additive manufacturing for full -scale production doubled in 2019 as compared to 2018. Wider adoption of 3 D printing was observed across sectors as an increased number of industrial solutions were brought to market by manufacturers.
- Also, Various technological advancements, such as AI and ML, are further augmenting the adoption of 3 D Printing devices, as these technologies enable automated printing for efficient production. For instance, in November 2019, the UK -based company, Additive Manufacturing Technologies (AMT), launched its new Digital Manufacturing Systems at Formnext 2019. It uses AMT's proprietary technology to provide an automated and digital solution for the entire manufacturing workflow.

Key Market Trends:

Selective Laser Sintering (SLS) Technology is Expected to Lead the Market

- Selective Laser Sintering (SLS) has been identified as the most preferred technology. It is expected to record the highest CAGR over the forecast period, owing to its various benefits over other technologies.
- SLS utilizes 12 powder nylon for raw material, as a substitute to the photosensitive resin used in Stereolithography. Companies and research organizations worldwide have been identified to take advantage of this material and technology to tackle concerns, such as the brittle nature of the resin when exposed to sunlight. In addition to that, SLS has also been proven to be cost and material friendly, as it does not require any dedicated support structure post-printing. In addition to that, SLS provides enhanced durability and can perform, as well as either functional parts or in prototypes.
- SLS further finds a wide array of applications across various verticals, including aerospace and defense and automotive, among others. With space exploration witnessing a paradigm shift, the demand for SLS printing is expected to mount with an increasing number of countries gearing up to launch satellites.
- In addition to that, SLS is also increasingly used in sports vehicles and electric cars. According to IEA, the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from 2017. Leading automotive companies have been identified to increasingly utilize SLS 3D printing technology into EVs, which is expected to increase the demand globally, thereby driving the growth.
- Further, the market is witnessing a significant number of mergers and acquisitions, complementing the growth of SLS in the 3D printing market. For instance, in November 2019, Braskem, the polyolefins, and biopolymer producer, and Advanced Laser Materials (ALM), an EOS Company, collaborated to develop innovative polyolefin-based powders for Selective Laser Sintering (SLS) powder-bed 3D printing.

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The key insights of the 3D Printing Market report:

The report provides key statistics on the market status of the 3D Printing market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The 3D Printing market report presents the company profile, product specifications, capacity, production value, and 2014-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2021-2026 market development trends of 3D Printing Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of 3D Printing Industry before evaluating its feasibility.

Finally, 3D Printing Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. 3D Printing industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key points in this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

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