Global 3D Printing Market

Global 3D Printing
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015 – 2025
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Report
Description
Report Description
3D printing is also referred as additive manufacturing, it is a process by which three dimensional
solid objects are made from digital file. Additive process is used for creation of 3D object. In this
process, products are built through layering, which avoid intervention of drilling, cutting etc. This
technology is mainly beneficial for production of spare parts, which are otherwise very difficult
to obtain. Manufactures nowadays are moving from mass production to low volume production
of products which can be used across different industries.
3D printing materials provide various advantages such as high sensitivity, durability, stability and
flexibility. Other advantages include reduction in time-to-market of new products and
elimination of raw material wastage. Major application of 3D printing technology is done into
industries like consumer goods, healthcare, aerospace and automotive. Out of which automotive
industry is the largest end user segment of 3D technology and expected to remain dominant in
future. Followed by healthcare industry, in which 3D printing is majorly used for production of
dental implants and hearing shells. In aerospace and automotive industry 3D printing technique
is used to reduce cost and increase productivity. This technique ensures quality of parts used in
aircrafts and automobiles.
Global 3D Printing Market Segmentation
By use of raw material the market is further sub segmented into metals, ceramics, polymers and
others. End user application of 3D printing is done in industries like, consumer goods,
healthcare, aerospace and automotive etc. Out which application of 3D printing in healthcare
Report
Description
Report Description
sector is expected to grow rapidly which further boosting the overall market growth of 3D
printing. Aerospace and automotive are the largest end user segment and expected to grow
fastest in future.
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Global 3D Printing Market: Region-wise Outlook
North America is largest region in terms of market share, it is because of high development of
3D technology in this region. Also, large number of dental labs in North America is fuelling the
market growth. Asia-Pacific and Europe market is also expected to grow rapidly in future. In
Asia-Pacific region the largest market is Japan, it is because of favourable government policies,
increasing spending of government on development of printing technology and high sale of
professional-grade printers. China is second largest player in Asia-Pacific region.
Global 3D Printing Market: Drivers
Global 3D printing market is expected to grow enormously in coming years. Factors driving the
growth of markets are, increasing spending by market players on product development and
research & development activities, increasing regulatory support from government, growth in
end user segments and ease of manufacturing. High material cost, unavailability of and poor
quality of material is expected to be a restraining factor for market growth.
Report
Description
Report Description
Some other restraining factors includes, lack of talent to use and manage this technology, lack of
training and lack of accessibility of technology. Technological development in healthcare
industry increases the application of 3D printing, which provides good opportunity for market
expansion and growth.
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Product innovation and increasing spending on research & development are the major trends
followed by the market players. Manufacturers are focusing on creation of low volume and low
cost products which can be used across various industries. At present market is facing issues of
intellectual property and copyright infringement, which should be taken into consideration by
key players.
Global 3D Printing Market: Key Players
Key players into 3D printing market are Stratasys Inc., Concept Laser GmbH, 3D Systems, Inc.,
Arcam AB, 3D Systems Corporation, Optomec, Microtec Gesellschaft Fur Microcomputervertrieb
MBH, EOS GmbH ExOne GmbH and Materialise NV. Increasing competition among these key
players is expected to resulting into cost reduction of 3D printing products which will further
increase product demand.
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