3D Printing Market is Expected to reach 63.46 billion USD by 2026, at a CAGR of 29.48%

A Latest market research report added to the repository of “MarketInsightsReports” is an in-depth analysis of Global 3D Printing Market. On the basis of historic growth analysis and the current scenario of 3D Printing market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. A deep understanding of multiple aspects of 3D Printing market. This further helps user with their developmental strategy.

The 3D printing market was valued at USD 13.7 billion in 2020 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).

Click the link to get a Free Sample Copy of the Report before Purchase:

https://www.marketinsightsreports.com/reports/05202905461/3d-printing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026/inquiry?Mode=28                              

Top Key Players in the Global 3D Printing Market are 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 and others. 

Industry News and Update:

- November 2019 - GE Additive launched the Arcam EBM Spectra L and the Concept Laser M2 Series 5 metal additive manufacturing platforms on day one of Formnext. Both platforms have been designed and developed to meet the growing need of GE's industrial partners.

- April 2019 - 3D Systems announced the official opening of its new Advanced Additive Manufacturing Center in Pinerolo, Italy. Over the past 1.5 years, the company undertook a multimillion-dollar expansion to more than double the manufacturing capacity and increased the breadth of capabilities to meet growing customer demand.

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 EV’s, 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.

Full Browse the report description and TOC:

https://www.marketinsightsreports.com/reports/05202905461/3d-printing-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=28

Highlights of TOC:

Market Overview: It starts with product overview and scope of the Global 3D Printing market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and 3D Printing market size analysis for the review period 2016-2026.

Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, 3D Printing market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.

Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.

Market Dynamics: Readers are provided with a comprehensive analysis of 3D Printing market challenges, influence factors, drivers, opportunities, and trends.

Market Forecast: Here, the 3D Printing report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.                              

Key questions answered:

- Which are the key market players operating in the global 3D Printing market?
- What are the key concerns of the five forces analysis of the Global 3D Printing market?
- Which are the factors driving the growth of the key players?
- Which are the key driving factors likely to propel the global 3D Printing market growth?
- Which are the latest trends and business strategies adopted by the key players to survive in both the regional and global platform?

Purchase Full Report@:

https://www.marketinsightsreports.com/report/purchase/05202905461?mode=su?Mode=28

Market Insights Reports
4893, Pepper drive, Harrisburg ,NC 28075,United States

Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

We Also Offer Customization on report based on specific client Requirement:
– Free Country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
– Free 40 analyst hours to cover any other data point

This release was published on openPR.