openPR Logo
Press release

Gaining popularity of 3D printing technology driving 3D printing equipment market by 2024

Gaining popularity of 3D printing technology driving 3D

As per the report by Global Market Insights, Inc., “Worldwide 3D printing equipment market was worth USD 4 billion in 2015 and will exhibit a CAGR of about 14% over the period of 2016 to 2024.”

3D printing technology has earmarked its footprints globally across myriad end-user industries. 3D printing equipment market will carve a profitable roadmap in the years ahead subject to the shifting trends toward rapid prototyping, a technique that is extensively used in the medical and pharmaceutical sectors to manufacture artificial living organs such as liver and heart.

Request sample pages from this report:
https://www.gminsights.com/request-sample/detail/1179

Escalating investments by consumers for superior quality education will directly affect the sales of professional 3D printers & desktops, thereby augmenting 3D printing equipment industry growth. Manufacturers use various techniques such as selective laser sintering, polyjet, stereolithography, FDM, and colorjet to develop 3D printed parts. Selective laser sintering (SLS) 3D printing equipment market will exhibit an annual growth rate of about 15% over the years ahead, owing to its surging requirement across the automotive and aerospace sectors. This product offers excellent features such as high quality strength, superior complexity, and functionality.

Most of the industry giants are focusing on the development of high quality products to meet the ever-growing demand. Cost effectiveness is one of the key growth strategies adopted by business competitors. Recently, Proto Labs added the polyjet technology to their industrial 3D printing services, which reduces the investment in tooling. As per a reliable study, polyjet based products covered more than 35% of the global revenue share in 2015 and are predicted to record substantial growth rate over the coming seven years.

3D printing materials are extensively used across the various end-use sectors such as defense, aerospace, medical replacement, architecture, and automobile. The automotive sector across Asia Pacific has been significantly expanding over the years, which will stimulate Asia Pacific 3D printing materials market share lucratively over the period of 2016 to 2024. Growing technological innovations in the pharmaceutical and medical sectors will fuel Asia Pacific 3D printing equipment industry growth.

Make an inquiry to purchase this report@
www.gminsights.com/inquiry-before-buying/1179

NASA is using 3D printing technology to manufacture futuristic astronaut spacesuits, as 3D printed metal fabric is foldable, highly heat resistant, strong, and reflective. Metal 3D printing materials industry is anticipated to register an annual growth rate of 17% over the coming years of 2016 to 2024, owing to the growing product demand across automotive and aerospace & defense sectors. The popularity of 3D printing across these sectors will also stimulate 3D printing equipment industry share over the coming timeframe. In addition, the governments of most of the countries are investing heavily in research and development activities in aerospace and defense, primarily to strengthen their national security base.

3D printing is massively utilized in the aerospace sector. The governments across the globe are striving to enhance their aircraft manufacturing base subject to the rising demand for air transportation. As per reliable statistics, the volume of total passengers carried by airlines will rise from 5.5 RPK billion in 2013 to more than 15 RPK billion by 2033. This in turn, will boost the revenue share of global 3D printing equipment market.

Source Report@ https://www.gminsights.com/industry-analysis/3D-printing-materials-market

The notable participants in 3D printing equipment market are Concept Laser GmbH, Arkema S.A., Höganäs AB, Arcam AB, 3D Systems, Inc., EOS GmbH Electro Optical Systems, Solidscape, Voxeljet AG, EnvisionTEC, ExOne, Optomec Inc., SLM Solutions, Royal DSM N.V, Stratasys, Ltd., LPW Technology Ltd.

About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Gaining popularity of 3D printing technology driving 3D printing equipment market by 2024 here

News-ID: 664748 • Views: 214

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases


More Releases for Asia

RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According
eltherm goes Asia
Finally all preparations are finished and the new subsidiary of eltherm GmbH, eltherm Asia Pacific Pte Ltd has commenced operations in Singapore on 1st April 2010. To celebrate the starting shot, an opening celebration was held in the afternoon of 28th July in the office premises followed by a get together dinner and drinks in the evening at a pub. A total of 62 guests attended the event with the