3D Printing Market Latest : Things to Focus on to Ensure Growth Prospects by 2030

Report Ocean published the latest research report on the 3D Printing market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the 3D Printing market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

The global 3D printing market size was US$ 16.13 billion in 2021. The global 3D printing market size is forecast to reach US$ 95.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 22.2% during the forecast period from 2022 to 2030.

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3D printing is a computer-assisted process that fuses liquid molecules or powders to print or create 3D objects on specific media (paper, fibers, etc.). Additive manufacturing is often used interchangeably with 3D printing. 3D printing helps you create prototypes and models from 3D CAD (CAD). Complex designs and geometric shapes are easy to create using 3D printing and layered modeling. Materials used in 3D printing include different types of polymers, ceramics, and metals. 3D printing provides a way to clarify the creation of complex designs. It is a faster, more time-consuming, more innovative, and more agile way of product development and production.

Factors Influencing Market Growth

Among the factors driving the global market include reduction in manufacturing expenses and operation downtime.
The rising government investments in 3D printing projects are fueling the global market growth.
Lack of standard process control, limited availability, and high costs associated with 3D printing materials may slow down the overall market growth.
Increasing the use of 3D printing applications in various industries and improving manufacturing processes could provide favorable opportunities for the global market during the forecast period.
Impact Analysis of COVID-19

The outbreak of COVID-19 has impacted the growth of the 3D printing market. As a result of a significant effect on prominent companies operating in the 3D printing supply chain. However, the upward push in the penetration of 3D printing in the healthcare sector throughout COVID-19 has boosted the global market. On the contrary, the market outlook declined by numerous barriers created amid the COVID-19 pandemic, including a lack of professional workers and postponed or cancelation of tasks because of partial or full lockdown globally.

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Regional Insights

North America accounted for the major share of the 3D printing market. As a result of the existence of leading companies in the region. The launch of many new products, product innovations, and developments, are factors boosting the market growth in the region. Several 3D printing solution providers worldwide are expanding their presence in the North American market to increase their market exposure. In addition, increasing demand for 3D printing solutions in the healthcare sector is forecast to drive the growth of the 3D printing market.

Leading Competitors

The leading prominent companies profiled in the global 3D printing market are:

3D Systems Corporation
Arcam AB
Stratasys Limited
Autodesk, Incorporated
Optomec, Incorporated
Organovo Holdings, Incorporated
Protolabs
Voxelijet AG
Hoganas AB
ExOne Company
Other Prominent Players
Scope of the Report

The global 3D printing market segmentation focuses on Technology, Application, and Region.

Segmentation based on Technology

Stereolithography (SLA)
Selective laser sintering (SLS)
Electron beam melting (EBM)
Fused deposition modeling (FDM)
Laminated object manufacturing (LOM)
Others
Segmentation based on Application

Consumer Electronics
Industrial
Aerospace
Automotive
Healthcare
Defense
Education and research
Others
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Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
During the forecast period, the report analyzes the growth rate, market size, and market valuation.
The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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This release was published on openPR.