Europe 3D Printing Market 2021 Business Opportunities, Current Trends, Challenges and Forecast 2026

Europe 3D Printing Market report provides an in-depth analysis of the COVID-19 impact, key player’s strategies, market growth, product demand, growth factors, technological innovations, regional outlook and global dynamics which includes drivers, challenges, and opportunities dominant in the industry. The Market report focus to provide extensive information on industry with market overview, key trends and business plans for Europe 3D Printing market.

The Europe 3D Printing Market was valued at USD 4.61 billion in 2020 and is expected to reach USD 10.12 billion by 2026, at a CAGR of 14% over the forecast period 2021 - 2026.

Europe is a major hub for 3D printing technology. The highest demand in Europe comes from small and medium-sized businesses that are in need of high speed, reliable and low-cost prototypes. With the ability to deliver customized products and manufactured solutions at a lower cost, 3D printing technology will completely disrupt traditional manufacturing in many industries. Initiatives and spending by government, the ability to offer customized products by 3D printing, increased efficiency, and improved products are leading this technology in Europe.

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The Top Key Players in the Europe 3D Printing Market are 3D Systems, Inc., Aleph Objects, Inc., ANYCUBIC 3D Printing, BCN3D Technologies, BigRep GmbH, Creality3d technology Co., Ltd, Leapfrog, Materialise NV, Mcor Technologies Limited, SLM Solutions Group AG, Stratasys Ltd., and The ExOne Company and Others.

Industry News:

- May 2019 - Aleph Objects, Inc., a leading US-based 3D printing vendor, expanded its business over Europe region by establishing its European headquarter at Rotterdam, Netherlands.

- April 2019 - The Bossard Group a leading component manufacturer, expanded its market in 3D printing technology by acquiring a 30% share of Ecoparts AG, a Switzerland based 3D printing company.

Key Market Trends:

High Adoption of 3D Prototype Parts in Automotive Industry

- With the presence of many global automotive OEMs, Europe enjoys the broad-scale implementation of 3D printing technology for design formulation and R&D applications in the automotive industry. Top automotive leaders such as BMW, Mercedes, Audi, Jaguar Land Rover, Volkswagen, and many others have created a potential space for 3D technology and printers in the European market.

- BMW Group has been implementing 3D printing technology from the past 25 years for designing various auto parts and in 2018, it has printed approximately 200,000 3D components, which was 42% higher as compared to the previous years.

- In April 2019, AUDI AG, the German automaker implemented polymer 3D printing technology for its production line at the Billlinger Hafe, Germany. Such instances of adoption are high owing to the improved capabilities of manufacturers and reduced dependence on the supply chain for critical components that can result in a breakdown.

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Increased Government Spending for Development of 3D Printing Technology:

- Several governments across the European Union are spending 3D printing technology for enhanced R&D outcomes. The UK government has invested a considerable amount of resources on the development of 3D printing technology.

- According to the UK 2017-2018 budget proposals, a majority of the government R&D funding will be focused on technology development and support of scientific talent. The new proposals include the use of GBP 4.7 billion, which is directed towards R&D on various upcoming technologies such as electric vehicles, drug manufacturing technologies, artificial intelligence, and robotics.

- All these verticals utilize 3D printing technology exhaustively, to increase the efficiency throughout the supply chain, driving the demand for 3D printing technology in the UK.

- The Dutch government has also performed investments towards R&D of 3D printing. The majority of these investments will be directed to the Technical University of Eindhoven and PrintValley 2020, a burgeoning 3D printing knowledge center with enormous industry transformation potential.

This Europe 3D Printing Market report addresses:

The Market size from 2016-2020
Expected market growth until 2026
Forecast of how market drivers, restraints, and future opportunities will affect
Segment and regions that will drive or lead market growth and why
Comprehensive mapping of the competitive landscape
In-depth analysis of key sustainability strategies adopted by market place

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- Post Covid-19 Analysis

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