3D Printing (Additive Manufacturing) Industry is Expected to Reach expected to reach 56.5 million units by 2032.8 -Stratasys, Renishaw, 3D Systems, EOS, EnvisionTEC, GE, Optomec, SLM Solutions, HP, ExOne, SHINING 3D, VoxelJet AG, BLT

The 3D Printing (Additive Manufacturing) research report studies primary and secondary research in order to analyze the data effectively. The global 3D printing market size was valued at USD 16.40 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 23.53% from 2022 to 2030. Globally, 4.24 million units of 3D printers were shipped in 2021 and the shipments are expected to reach 56.5 million units by 2032. The aggressive research & development in three-dimensional printing and the growing demand for prototyping applications from various industry verticals, particularly healthcare, automotive, and aerospace and defense, are expected to fuel the growth of the market.

The 3D Printing (Additive Manufacturing) report is highly structured into a region-wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the market. The study helps understand how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.

Download FREE Sample Report @ https://www.mraccuracyreports.com/report-sample/350042

The report provides a comprehensive analysis of company profiles listed below:

Stratasys, Renishaw, 3D Systems, EOS, EnvisionTEC, GE, Optomec, SLM Solutions, HP, ExOne, SHINING 3D, VoxelJet AG, BLT

3D Printing (Additive Manufacturing) Market Types:

Plastics Material, Ceramics Material, Metals Material, Other Material.

3D Printing (Additive Manufacturing) Market Applications:

Consumer Products, Automotive, Medical and Dental, Aerospace & Defense, Others

The growth of the market can be attributed to the growing adoption of Additive Manufacturing (AM) in industrial applications for enhancing production and shortening the time to market. The growing adoption of three-dimensional printers by the incumbents of automotive, healthcare, and aerospace & defense, among other industries and industry verticals, is also expected to drive the growth of the market over the forecast period.

AM, also referred to as 3D printing, envisages adding successive layers of materials in various 2D shapes and layering these 2D shapes upon one another to form a three-dimensional object. The process is totally different from the subtractive method of production, which envisages grinding out the unnecessary material from a block of material to obtain the desired object.

Buy Exclusive Report@: https://www.mraccuracyreports.com/checkout/350042

Additive Manufacturing Market Report Highlights

AM is gaining traction owing to the ability of the technology to offer accurate and rapid prototyping and optimize time to market.
Increasing adoption of 3D printers in the healthcare, automotive, and consumer electronics industry verticals is expected to drive the growth of the market.
Demand for desktop 3D printers is expected to increase over the forecast period as AM continues to gain popularity among hobbyists for domestic, household, and personal purposes and in the education industry for training purposes.
The prototyping segment dominated the market in 2021 and is expected to expand its revenue share to over 54% by 2030.
Although the polymer segment accounted for a revenue share of over 50% in 2021, the metal segment is expected to increase its revenue share and emerge as the dominant segment over the forecast period.
The growth of Asia Pacific is attributed to continued urbanization, which is prompting incumbents of industries such as automotive, consumer electronics, and healthcare, particularly in countries such as China, Japan, and South Korea, to opt for AM.
Market Dynamics

Market Driver Analysis

Prototyping, Product Development, Innovation, and Time-To-Market
Benefits Of Additive Manufacturing
Commercialization Of The Technology
Government Investments & Increased R&D In Additive Manufacturing Technology
Market Restraint Analysis

Capital Intensive Technologies and High Material Prices
Unavailability of Standard Process Controls and Misled Industry Participants
Market Opportunity Analysis

Untapped End-Use Industry Verticals and Markets, Such As Printed Electronics and Additive Manufacturing Under Water
Additive Manufacturing In Construction Medical Implants and Under Water Printing
Key Opportunities-Prioritized

Additive Manufacturing-Key Company Analysis, 2021

Key Company Analysis
New Entrants-Key Company Analysis

Competitive Landscape

3D Systems, Inc.
3Dceram
Arcam Ab
Autodesk, Inc.
Canon, Inc.
Dassault Systemes
Envisiontec, Inc.
Eos (Electro Optical Systems) GmbH
Exone
GE Additive
Hp Inc.
Made in Space
Materialise Nv
Optomec, Inc.
Organovo Holdings Inc.
Proto Labs, Inc.
Shapeways, Inc.
Stratasys Ltd.
Tiertime
Voxeljet Ag

Software Insights
The design software segment led the market and accounted for more than 30.0% share of the global revenue in 2021. It is expected to continue dominating the market during the forecast period. Based on software, the 3DP industry has been segmented into design software, inspection software, printer software, and scanning software. Design software is used for constructing the designs of the object to be printed, particularly in automotive, aerospace and defense, and construction and engineering verticals. Design software acts as a bridge between the objects to be printed and the printer's hardware.

The demand for scanning software is estimated to grow on account of the growing trend of scanning objects and storing scanned documents. This ability to store the scanned images of the objects irrespective of their size or dimensions for 3-dimensional printing of these objects whenever necessary is expected to drive the scanning software segment during the forecast period. The scanning software segment is expected to register the highest CAGR of 21.7% from 2022 to 2030 and generate considerable revenues during the forecast period in line with the growing adoption of scanners.

Application Insights
The prototyping segment led the market and accounted for more than 55.0% share of the global revenue in 2021. Based on application, the industry has been segmented further into prototyping, tooling, and functional parts. This is attributed to the extensive adoption of the prototyping process across several industry verticals. The automotive and aerospace and defense verticals particularly use prototyping to design and develop parts, components, and complex systems precisely.

Get Up to 10% Discount on the first purchase of this report @ https://www.mraccuracyreports.com/check-discount/350042

#Customization Service of the Report:

Mr Accuracy Reports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Call Us - UK +44 7452119323
USA +1 8045001224
Email us - sales@mraccuracyreports.com
30 Crawley Lane, West Sussex, RH10 7EG, United Kingdom
3351 Green Turtle Rd, Regina, SK S4V 3N6, Canada

MR Accuracy Reports is a Market Research and consulting company that accomplishes requirement of research agencies,small, medium and large corporations, global business leaders, government organizations,
SME's, Individual & Start-ups, top management consulting firms

This release was published on openPR.