Press release
3D Printing Market by Global Size, Trends and Research Analysis 2021 to 2030
3D printing is an additive manufacturing technique that builds a three-dimensional object from Computer Aided Design model, by adding layers of the preferred material; shaping them into accurate shapes with precise geometries, in-order to obtain perfectly finished three-dimensional products. Materials used in the manufacturing process include various types of polymers, ceramics, vivid varieties of metals, silicon, and many more.
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Top Companies: Arcam AB, 3D Systems, Stratasys Ltd, Autodesk, Inc., Hoganas AB, The ExOne Company, Organovo Holdings, Inc., Optomec, Inc., Voxeljet AG and Ponoko Limited
Market Dynamics and Trends
The global 3D printing market is on a spur with tremendous technological advancements taking place. Also, wide application of the 3D printers and next-gen infrastructures, shall raise the growth chart of 3D printing market in the forecast period. Besides, increased demand of customized products is anticipated to fuel-up the market in the forecast period.
However, high cost of 3D printing and lack of skilled labor may impede the market growth. But, at the same time, high accuracy, perfect precision, reduced error with reduction in the manufacturing cost, shall enhance the growth of 3D printing market during the forecast period.
Other market dynamics like; Cumulative increase of 3D printing applications in the construction industry, health-care industry, fashion industry, followed by innovations and R&D’s, are expected to create numerous opportunities in the 3D printing market over the forecast period.
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Market Segmentations and Scope of the Study:
The global 3D printing market share has been analyzed based on component, technology, end user and geography.
Based on component, the market is fragmented into Software, Services and Hardware. Based on technology, the market is divided into SLA, FDM, SLS, EBM, DLP, and Others. Based on end user, the market is divided into Automotive, Healthcare, Industrial, Consumer electronics, Aerospace & defense, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
Currently, North America holds the major market share owing to its advanced technology and advanced infrastructure. Besides, increased demand of customized products with high disposable income shall definitely support the growth of 3D printing market.
The emerging economies, specifically the Asia Pacific region shall witness a significant growth in 3D printing market size, with gradual increase in market share owing to its wide application in various industry verticals. Benefits like high efficiency, time-saving, cost-saving and reduced errors shall considerably augment the market growth in the upcoming years.
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Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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