The Global 3D Printing Market is expected to grow with a significant rate during the forecast period 2018-2025 owing to reduction of errors, decrease in development cost and time, and the ability to build customized products.
3D printing is any processes in which material is joined or solidified with the help of computer technology to create a three-dimensional object. 3D printing enables you to produce complex (functional) shapes using less material than traditional manufacturing methods. In the current scenario, 3D printing has been used in manufacturing and medical industry which facilitates 3D printing to become successful commercial technology. Speed, size, accuracy, durability, sustainability and ease of access are features of 3D printing over traditional manufacturing methods.
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FDM Technology type of 3D Printing market is projected to be the leading segment of the overall market during the forecast period
On the basis of Technology type, the 3D printing market has been segmented into segmented into Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), and Stereolithography (SLA), Electron Beam Melting (EBM) and Digital Light Processing (DLP). FDM dominates the global 3D printing owing application of FDM in producing objects that are durable and also used to print of that object that will endure large temperature changes, mechanical stress, and chemical corrosion. SLA is anticipated to fastest growing market due to its properties to print parts in high resolution and a smooth surface finish directly out the machine and can create accurate parts with repeatable dimensions. SLS will drive by its ability to easily make very complex geometries directly from digital CAD data.
Services is projected to dominating solutions in the 3D Printing market during forecast period
On the basis of Solution offering, the global 3D printing market has been segmental into Hardware, Software, and Services. Services Solutions is anticipated to leading the market owing to increase in the demand of advanced in the printing technology and materials, services sector is garnering significant growth as a source of profit generation, compared to printers and materials. Hardware segment will fuel by demand from various sectors such as healthcare, aerospace, and automotive. The software segment will drive by rise in demand of 3D printer and software type.
Healthcare is projected to leading industry for utilizing applications of the 3D printing during forecast period
On the basis of application, the global 3D printing market has been segmented into Automotive, Healthcare, Industrial, Consumer Electronics, Aerospace & Defense, and Others. By application type, Healthcare will lead the market owing to applications of 3D printing as customized implants, prosthetics, medical models and medical devices. Moreover, the advances in technology and improvement in the healthcare infrastructure, on the one hand, and an increase both in the percentage of the aging population and in the investment in research and development sector, on the other. Automotive sector will drive by rapid prototyping, lower turnaround time, low consumption and wastage andlower cost of production.
Asia Pacific accounts for lion’s share of the global 3D printing market during the anticipated period.
On the basis of region, the 3D Printing market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific dominates the world 3D Printing market over the forecast period owing to growing demand for applications of 3D printing in various industries, such as consumer goods, healthcare, education and research, defense, aerospace, and automotive. Furthermore the automotive and aerospace industries use this technology to manufacture affordable, complex, and lighter components. is one of the key factors estimated to encourage the growth of the Asia Pacific market in upcoming periods. North America will be fastest growing market owing to efficient use of materials, minimized human errors, customization of products, and reduced production time and cost.
Global 3D Printing Market Competitive Landscape
Companies, such as, Stratasys , Solidscape, 3D Systems EOS GmbH, GE Additive , SLM Solutions , HP, and EnvisionTEC , Arcam AB, Autodesk, Inc., The ExOne Company, Hoganas AB, Optomec, Inc., Organovo Holdings, Inc., Ponoko Limited, , Concept Laser GmbH, , Voxeljet Technology GmbH, Materialise NV (ADR), Proto Labs Inc., Citim GmbH and Digital Mechanics Sweden AB are the key players in manufacturing of 3D Printing . In terms of services offerings, Solidscape, Inc., Stratasys, Ltd., and EOS GmbH.are the major players in the market.
Detailed Analysis of Table of Content of this https://www.blueweaveconsulting.com/global-3d-printing-market-bwc19101/#TOC
By Technology-Type
- Fused Deposition Modeling (FDM),
- Selective Laser Sintering (SLS),
- Stereolithography (SLA)
- Electron Beam Melting (EBM)
- Digital Light Processing (DLP)
By Solution
- Hardware
- Software
- Services
By Application
- Automotive
- Healthcare
- Industrial
- Consumer Electronics
- Aerospace & Defense
- Others
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