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3D Printing Market to Grow Robustly in the Next Decade

by • April 11, 2016 • No Comments

  • 3D printing is in addition referred as additive making, it is a system by that three dimensional solid objects are created of digital file. Additive system is utilized for creation of 3D object. In this system, products are created through layering, that avoid intervention of drilling, cutting etc. This advancement is mainly beneficial for production of spare parts, that are otherwise quite complex to get. Manufactures these days are moving of weight production to low volume production of products that can be utilized across different types of industries.

    3D printing materials provide different types of 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 advancement is done into industries like consumer greats, healthcare, aerospace and car. Out of that car industry is the biggest end user segment of 3D advancement and expected to stay dominant in next. Followed by healthcare industry, in that 3D printing is leadingly utilized for production of dental implants and hearing shells. In aerospace and car industry 3D printing technique is utilized to reduce cost and increase productivity. This technique confirms high end of parts utilized in aircrafts and automobiles.

    Global 3D Printing Market Segmentation

    By use of raw material the market is additional sub segmented into metals, ceramics, polymers and others. End user application of 3D printing is done in industries like, consumer greats, healthcare, aerospace and car etc. Out that application of 3D printing in healthcare sector is expected to grow quickly that additional boosting the overall market growth of 3D printing. Aerospace and car are the biggest end user segment and expected to grow most rapidly in next.

    Global 3D Printing Market: Region-wise Outlook

    North America is biggest region in terms of market share, it is for the reason of high development of 3D advancement in this region. In addition, sizeable number of dental labs in North America is fuelling the market growth. Asia-Pacific and Europe market is in addition expected to grow quickly in next. In Asia-Pacific region the biggest market is Japan, it is for the reason of favourable government policies, increasing spending of government on development of printing advancement and high sale of professional-grade printing devices. China is 2nd biggest 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 assist of government, growth in end user segments and ease of making. High material cost, unavailability of and poor high end of material is expected to be a restraining factor for market growth. Some other restraining facts comes with, lack of ability to use and manage this advancement, lack of training and lack of accessibility of advancement. Technological development in healthcare industry increases the application of 3D printing, that provides great opportunity for market expansion and growth.

    Product advancement and increasing spending on research & development are the leading trends followed by the market players. Manufacturers are focusing on creation of low volume and low cost products that can be utilized across different types of industries. At present market is facing issues of intellectual property and copyright infringement, that 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 one of these key players is expected to resulting into cost reduction of 3D printing products that can additional increase product demand.

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