3D Printing Market Size 2021: Leading Players, Impact of COVID-19, Demands, Future Trends, Growth Factors, Strategy, Price and Gross Margin till 2027

The "3D Printing Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the 3D Printing Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.

The Global 3D Printing Market Size is Projected to Reach at a CAGR of 29.48% during 2022-2027.

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Market Overview:

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 modelling methods have enabled the use of diverse materials, thereby boosting widespread adoption across various industries over recent years.

Key players in the global 3D Printing Market covered:

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

Recent Development:

- 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.

By Material Type

Metal
Plastic
Ceramics
Other Material Types

By Application:

Automotive
Aerospace & Defense
Healthcare
Construction & Architecture
Energy
Food

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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.

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North America Holds the Largest Share in the Market

- The North American region is expected to dominate the 3D printing market as the region has dominated when it comes to technology adoption. According to the 3D printing Sentiment Index conducted by a desktop 3D printing company, Ultimaker, in November 2019, the United States leads as a most advanced country in 3D printing.
- A series of new product launches and product innovations and developments are expected to further augment the market growth. Several 3D printing solution providers worldwide are expanding their presence in the North American market for an enhanced market presence. For instance, in May 2019, Italian 3D printer manufacturer, Roboze, will be showcasing its high-temperature ROBOZE Xtreme series for the first time in North America at RAPID+TCT 2019.

Table of Contents: 3D Printing Market

- Chapter 1: outline of 3D Printing marketplace

- Chapter 2: worldwide market reputation and forecast through areas

- Chapter 3: worldwide marketplace popularity and forecast by using types

- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise

- Chapter 5: marketplace riding issue evaluation

- Chapter 6: market opposition reputation by major producers

- Chapter 7: essential producers Presentation and market data

- Chapter 8: Upstream and Downstream marketplace investigation

- Chapter 9: Fetched and net part investigation

- Chapter 10: advertising reputation research

- Chapter 11: marketplace file end

- Chapter 12: research technique and Reference

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This release was published on openPR.