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3D Printing Market - A $77.83 Billion Industry Opportunity, Insights on Latest Trends & Forecast (Value & Volume)

11-01-2022 03:05 PM CET | Industry, Real Estate & Construction

Press release from: Strategic Market Research

3D Printing Market - A $77.83 Billion Industry Opportunity,

The global 3D Printing market in 2021 was $14 billion, and it will reach $77.83 billion by 2030, growing at a 21% CAGR from 2021 to 2030. The method of creating a three-dimensional solid object from a digital file or computer-aided design (CAD) model is known as three-dimensional printing. It is also known as desktop fabrication, additive printing, or additive manufacturing, as the product is built using thin layers of material.

Make a Direct Purchase of the latest 3D Printing Market Report published in the month of Sep-2022. Click the below link to initiate the purchase: https://strategicmarketresearch.com/buy-now/3d-printing-market

3D Printing Market Insights:
• On the basis of printer type, the industrial printer segment held a considerable position in 2021, with a market share of over 70%.
• The stereolithography segment recorded the largest revenue share of more than 8.0% In 2021 on the basis of technology.
• On the basis of software, with a share of 30%, the design software segment ruled the market in 2021.
• In 2021 The prototyping segment led the market with a revenue share of nearly 55% on the basis of application.
• In 2021, the automotive segment held the market with a share of nearly 20% on the basis of vertical.
• By materials, in 2021, the metal segment ruled the market with a share of 50%.
• In 2021, on the basis of components, the hardware segment held the largest revenue share of over 60%.
• North America led the market by region, with a revenue share of about 30% in 2021.

3D Printing Market Dynamics
The market is expanding primarily due to the advantages of 3D printing for manufacturers, including prototyping, product development, innovation, and time-to-market. The market is expanding more quickly due to the ongoing commercialization of technologies to increase market share and provide cutting-edge products. Globally active R&D in 3D printing technology and rising government investments are further boosting the market value. The market value is also being increased by the simplicity of creating customized items with lower manufacturing costs and process downtime.

The growth of 3D printing is anticipated to be constrained over the projection period by capital-intensive technologies and high material costs. Additionally, the absence of common process controls on the market is projected to impede expansion during the projection period. Conversely, undeveloped industry sectors like printed electronics and undersea 3D printing are projected to open up new business prospects over the projected timeline.

To get a first-hand overview of the report, Request a Sample at https://strategicmarketresearch.com/request-sample/3d-printing-market

3D Printing Market: A thorough Segmentation Analysis
The worldwide 3D Printing Market segmentation has been performed on the basis of printer type, technology, software, application, vertical, material, component, and region.

By Printer type:
• Industrial
• Desktop

By Technology
• Electron Beam Melting
• Stereolithography
• Digital Light Processing
• Direct Metal Laser Sintering
• Selective Laser Sintering
• Polyjet/Multijet Printing
• Fused Deposition Modelling

By Software
• Design Software
• Scanning Software
• Inspection Software
• Printer Software

By Application
• Prototyping
• Tooling
• Manufacturing Functional Parts

By Vertical
• Desktop 3D printing
• Object
• Fashion and Jewellery
• Dental
• Educational Purpose
• Food
• Industrial 3D printing
 Industrial
 Automotive
 Power and Energy
 Healthcare
 Consumer Electronics
 Aerospace and Defence
 Others

By Material
• Thermoplastics
• Metal
• Photopolymer
• Plastic
• Ceramics
• Other Materials

By component
• Service
• Software
• Hardware

By Region
North America
• Mexico
• Canada
• United States

Europe
• United Kingdom
• Italy
• France
• Germany
• Rest of Europe
Asia Pacific
• India
• China
• South Korea
• Japan
• Rest of Asia Pacific

Rest of the world
• Africa
• Middle East
• South America

On the basis of components, in 2021, the hardware segment held the largest revenue share of over 60%. The demand for advanced production techniques and rapid prototyping has greatly benefited the hardware industry. The expansion of the hardware market is due to a number of factors, such as rising consumer electronics penetration, quick industrialization, improving civil infrastructure, quick urbanization, and reduced labor costs.

North America led the market by region, with a revenue share of about 30% in 2021. This is a result of additive manufacturing being widely used in the area. The U.S. and Canada are examples of North American countries that were the leading and early users of these technologies in a variety of manufacturing processes.

Key players in 3D Printing Market:
• Materialize
• Canon Inc
• Stratasys Ltd
• Voxeljet AG
• Made In Space
• GE Additive
• The ExOne Company
• HP Inc
• 3D Systems Inc
• Envision TEC Inc
• Autodesk Inc.

The worldwide 3D printing market will be worth $77.83 billion by 2030, growing at a 21% CAGR from 2021 to 2030. The market will increase due to the intensive R&D being conducted in three-dimensional printing and the rising demand for prototype applications from several industrial verticals, particularly healthcare, aerospace, and defense.

Before initiating a purchase, make a Pre-order inquiry and get a detailed overview of the content of the report: https://strategicmarketresearch.com/pre-order-enquiry/3d-printing-market

To Know More Visit: https://www.strategicmarketresearch.com/market-report/3d-printing-market

Contact Us:
Strategic Market Research LLP.
Sunil Kumar
India: +91-8260836500
Email: info@strategicmarketresearch.com
Web: https://www.strategicmarketresearch.com
Blog: https://www.strategicmarketresearch.com/blog
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