Global 3D Printing Market Garners High Growth with Reduction in Manufacturing Cost Owing to Recent Technological Advancements

The global 3D printing market, as stated in a report put on sale by MarketResearchReports.biz, has been anticipated to gain a robust impetus from various factors such as government investments in 3D printing projects. Titled “3D Printing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025,” the report has provided a broad account of all significant technologies and trends playing an influential part in market growth. Seasoned analysts have been of the viewpoint that the market could gain traction on the back of rising potential applications of 3D printing.

Other factors such as the ease in the development of customized products, decrease in manufacturing costs due to technological developments, and remarkably higher resolution could positively impact the world 3D printing market. However, the progress of the market could be hindered because of limitations related to product size and the absence of appropriate process control. Nonetheless, the unexplored segments of end-use sectors such as jewelry, education, automotive, and printed electronics have been predicted to open up new avenues in the market for stockholders. The analysts authoring the report have provided a comprehensive perspective of the evolution of the market observed throughout the course of the forecast timeframe.

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The report has divided the world 3D printing market into five key regions, viz. South America, Asia Pacific (APAC), the Middle East and Africa (MEA), Europe, and North America. These regions have been further divided into different countries for offering a clear understanding of market growth across the world. Each region has been closely studied with market size and forecast estimated using high-accuracy methodologies and tools.

The report authors have also segmented the world 3D printing market according to three other categories, i.e. application, technology, and use. In terms of application, the market could see a classification into education architecture, military and defense, aerospace, industrial or business machines, and more segments. The report has analyzed growth in technologies such as stereolithography (SLA), selective laser sintering (SLS), fused deposition modeling (FDM), and PolyJet. By use, the market could be classified into personal and commercial.

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The commercial use of 3D printing could increase in the near future due to rising applications of mass customization, mass production, rapid manufacturing, and rapid prototyping. While the commercial segment could take a leading position in the international 3D printing market, the personal use segment could offer opportunities birthed from the in-house printing of 3D objects. Manufacturers have been increasingly adopting 3D printing in their regular practices owing to the latest enhancements in the quality of 3D printing materials. After PolyJet, FDM is one of the most prominent technologies used in 3D printing. From automotive to consumer goods, a wide range of sectors have already witnessed the popularity of FDM.

Regionally, North America is envisaged to lead the international 3D printing market due to the presence of top-level companies operating therein. The region could gain more growth while riding on the rising awareness about the benefits of 3D printing in household as well as commercial applications. Europe could tread on the heels of North America on account of growth prospects birthing in lucrative countries such as Italy, France, Germany, and the U.K.

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The report has positioned important players of the worldwide 3D printing market as per their recent developments and presence in different regions across the globe. The company profiling section has included details about the strategic moves of key market players alongside other aspects such as SWOT analysis and financials. Some of the important players of the market could be Solidscape, Inc., 3D Systems, Inc., and Stratasys Ltd.

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