Global 3D Printing Market is Expected to reach $12.53 billion by 2022 growing at a CAGR of 20.1% from 2015 to 2022

The Global 3D Printing Market is estimated at $3.47 billion in 2015 and is expected to reach $12.53 billion by 2022 growing at a CAGR of 20.1% from 2015 to 2022. The factors driving the market include high degree of precision, ability to build customized products, and competency over traditional technique. However, higher production cost, expensive 3D printing software, shortage of skilled labor and inability to manufacture massive outputs are inhibiting the market growth. Moreover, application of 3D printing in different industries and manufacturing process are creating opportunities for the market. The economies of scale gained due to advancement in technology and enhanced manufacturing process will boost the market in future.

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Stereolithography has the largest revenue and accounted for more than 30% of the total market. While, Electron beam melting is anticipated to be the fastest growing technology segment with a CAGR of around 30% during the forecast period. Polymer occupies major share of the global market and Metals segment is estimated to be the fastest growing segment and is expected to grow at a CAGR of more than 38% during the forecast period. Consumer products segment remains the largest application segment with more than 20% of the market share, whereas healthcare application segment is estimated to grow at the highest CAGR over the forecast period.

North America is expected to represent more than 35% of the market share, while Asia Pacific is the fastest growing market led by the rapid adoption of 3D printing in the developing industrial sectors. Demand for 3D printing is anticipated to increase in countries such as Japan, China, and South Korea owing to the rising adoption and implementation of 3D printing in diverse industrial applications.

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Some of the key players in the market include 3D Systems, Stratasys, Envisiontec, Exone, Luxexcel, Materialise NV, MCOR Technologies Ltd, Optomec Inc, Voxeljet AG, Microtec Gesellschaft F?r Mikrotechnologie MBH, Amazon.Com, Inc., HP Inc, Canon Inc., ARC Group Worldwide, Inc., Oxford Performance Materials Inc., EOS GmbH and SLM Solutions Group AG.

Technologies Covered:
Stereolithography (SL)
Electron Beam Melting
Jetting Technology

Binder-Jetting Technology
Poly Jet
Laser Sintering
Direct Metal Laser Sintering (DMLS)
Selective Laser Sintering (SLS)

Deposition Modelling
Wax Deposition Modelling
Fused Deposition Modelling (FDM)

Laminated Object Manufacturing
Three Dimensional Printing
Other Technologies
Digital Light Processing
Multiphase Jet Solidification (MJS)

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Materials Covered:
Polymers
Photopolymer
Thermoplastic

Metals
Alumide
Gold
Graphene
Silver
Steel
Titanium
Other Metals

Ceramics
Glass
Quartz
Silica
Other Ceramics

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This release was published on openPR.