The global 3D Printing market will cross $11 billion by 2022

3D Systems, Stratasys, and EOS GmbH are the leaders in the market. As international players would increase their footprint in the market, regional vendors would be finding it increasingly difficult to compete with them. The 3D printer market is likely to dominate the global market with maximum shares. The adoption of 3D printing in the industrial machinery industry is growing and this segment is expected to hold the major market share as the largest end-user segment. North America is likely to remain the dominant region with more than 38% market share.

View Report: https://www.arizton.com/reports/it-media/3d-printing-market

The global 3D printing market is expected to cross $11 billion growing impressively at a CAGR more than 27% during 2016-2022. Until 2022, in value terms, the YoY growth in the demand for 3D printing will be in double digits due to the high demand from North America and Europe coupled with the rise in awareness about these devices in developing countries of APAC and RoW. This is likely to contribute revenue to the market during the forecast period.

International players are likely to grow inorganically by acquiring regional or local players

The competitive scenario in the global 3D printing market is intensifying. The competition will be based solely in terms of features such as quality, quantity, technology, services, and price. The market competition is expected to intensify further with an increase in product/service extensions, technological innovations, and M&A. Arizton believes international players would grow inorganically by acquiring regional or local players in the future.

Major vendors profiled in the report are
• 3D Systems
• Stratasys
• EOS GmbH.

Other vendors include ARC Group Worldwide, Arcam (GE), Beijing Tiertime Technology, Carbon, Concept Laser (GE), Cookson Precious Metals, EnvisionTEC, General Electric, Groupe Gorgé, Höganäs, Koninklijke, Markforged, Mcor Technologies, Nano Dimension, Optomec, Renishaw, SLM Solutions Group, taulman3D, The ExOne Company, Ultimaker, Voxeljet, XYZprinting.

Advantages of 3D printing over traditional manufacturing to drive the growth
Increasing vertical applications of 3D printing, growing market consolidation, and increasing demand for mass customization and production are the latest trends that are likely to accelerate the growth of the market during the forecast period. Growth of investment in the 3D printing domain, internet shaping buyers’ purchasing behavior, advantages of 3D printing over traditional manufacturing are the key factors that are driving the market. The report also enlists and analysis the restraints of the market during the forecast period.

3D Printer market to remain the largest segment.

The 3D printer market is the largest segment and is witnessing increased demand from the manufacturing industry in developed countries such as the US and Germany. The adoption of 3D printing in the industrial machinery industry is growing, and the market is likely to witness the contribution of this segment rise to 20.6% in 2022. The aerospace and defense segment will follow the industrial machinery segment. The healthcare segment is expected to be the fastest growing segment of the 3D printing market during the forecast period as new innovations are making their way into various healthcare sectors such as orthopaedics and implants during the forecast period.

The report provides a holistic view of the global smart home hub market, the companies involved in the market, and the factors driving its growth. The report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market.

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Source: https://www.arizton.com/reports/it-media/3d-printing-market

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