Opportunities for the global 3D printer market to reach $4.2 billion by 2022

According to a new market report published by Lucintel, the future of the global 3D printer market looks promising with opportunities in consumer products, healthcare, automotive, and aerospace industries. The global 3D printer market is expected to reach an estimated $4.2 billion by 2022, and it is forecast to grow at a CAGR of 12.8% from 2017 to 2022. The major drivers for the growth of this market are ease in development of customized parts, prototyping, product designing, and concept modeling.
In this market, the main segments by device type are desktop/personal printer and industrial/professional printer. On the basis of comprehensive research, Lucintel forecasts that the industrial/professional printer segment is expected to show above average growth during the forecast period.
Within the global 3D printer market, the industrial/professional printers segment is expected to remain the largest segment. Higher efficiency of industrial/professional printers in terms of time and cost is expected to result in significant growth of the industrial/professional printer segment.
Stereolithography, selective laser sintering (SLS), electron beam melting, fused deposition modeling (FDM), and laminated object manufacturings are the major segments of the global 3D printer market, by technology type. The fused deposition modeling segment is expected to be the largest segment during the forecast period.
By end use, the global 3D printer market is segmented into consumer products, healthcare, automotive, and aerospace. Healthcare is expected to remain the fastest growing market mainly due to increasing demand for patient specific product in orthopedics, dental implants and prosthetics.
North America is expected to remain the largest market during the forecast period mainly due to its well-developed industrial infrastructure and technological advancement in various applications such as automotive, consumer products, aerospace, and healthcare industries.
Emerging trends which have a direct impact on the dynamics of the industry include increasing use of multi-material and multi-color printers, use of delta configuration in printers, and adoption of 3D printing technology in architectural models. Stratasys, EOS GmbH, 3D Systems, SLM, and Voxeljet are among the major suppliers of 3D printers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global 3D printer market by product type, technology, end use, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global 3D Printer Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global 3D printer market by device type, technology, end use, and region, as follows:
By Device Type [Value ($ Million) from 2011 to 2022]:
• Desktop/Personal Printers
• Industrial/Professional Printers
By Technology [Value ($ Million) from 2011 to 2022]:
• Stereolithography
• Selective Laser Sintering
• Electron Beam Melting
• Fused Deposition Modeling
• Laminated Object Manufacturing
• Others

By End Use [Value ($ Million) from 2011 to 2022]:
• Consumer Products
• Healthcare
• Automotive
• Aerospace
• Others
By Region [Value ($ Million) and Volume (Thousand Units) from 2011 to 2022]:
• North America
− United States
− Canada
− Mexico
• Europe
− Germany
− France
− United Kingdom
− Italy
− Spain
• APAC
− China
− India
− Japan
• ROW
− Brazil
This 183-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Telecommunication Report, Telecommunication Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix.

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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This release was published on openPR.