Global 3D Printing Market Expected to Grow at a CAGR of 26.2% between 2019 and 2024- Axiom MRC

Axiom Market Research & Consulting added a, “Global 3D Printing Market Research Report, By Technology, Application, End User And Geography – Global Market Share, Trend Analysis And Forecast Upto
2024”.

The global 3D printing market has been segmented on the basis of technology, application, end user, and region. On the basis of technology, the market is segmented into PolyJet, Stereolithography, Fused Deposition Modelling (FDM), Electron Beam Melting (EBM), Selective Laser Sintering (SLS), and Other. Segmentation on the basis of application includes prototyping, tooling, and functional part manufacturing. The end user industries considered for segmentation of the market include aerospace and defense, engineering, healthcare, consumer products, automotive, jewelry, education, energy, architecture and construction, printed electronics, food and culinary, and others. Based on geography, the global 3D printing market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

In 2017, North America dominated the 3D printing market in terms of market share, followed by Europe and Asia Pacific. The U.S. held the largest share of the North American 3D printing market, followed by Canada and Mexico. Technological advancements, leading to their growing deployment across the education, consumer products, food, and culinary, and printed electronics verticals are projected to be the primary factors leading to the growth of this market in the long term. However, the 3D printing market faces some challenges related with maintaining mandatory product quality and availability of design tools. Restraints that curb the market are the high cost of materials, limitation of size, and lack of standard process control.

The 3D printing ecosystem includes raw material suppliers, component suppliers, 3D printing machine manufacturers and assemblers, technology providers, service providers, distributors and resellers, and end users. The 3D printing marketspace comprises major players such as Stratasys Ltd. (US), 3D Systems Corporation (US), EOS GmbH (Germany), Materialise NV (Belgium), SLM Solutions Group AG (Germany), Arcam AB (Sweden), Concept Laser GmbH (Germany), The ExOne Company (US), Voxeljet AG (Germany), Proto Labs, Inc. (US), Optomec Inc. (US), ARC Group Worldwide, Inc. (US), GROUPE GORGÉ (France), EnvisionTEC GmbH (Germany), Mcor Technologies Ltd. (Ireland), Beijing Tiertime Technology Co. Ltd. (China), Renishaw plc (UK), XYZprinting (Taiwan), Ultimaker BV (Netherlands), Koninklijke DSM N.V. (Netherlands), Höganäs AB (Sweden), taulman3D, LLC (US), Nano Dimension (Israel), Carbon Inc. (US), Markforged, Inc. (US), and Cookson Precious Metals Ltd. (UK).

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