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Research & Markets Releases Global Perspectives for 2016-2022 on 3D Printing in North America, Europe & LAMEA Region

by • July 10, 2016 • No Comments

research_and_marketsResearch and Markets has just released several reports, giving us a comprehensive and global point of view on the 3D printing markets around the world, now—and well into the next. Today, we are bringing a appear at their analysis regarding North America, Europe, and the broad LAMEA region.

In North America 3D Printing Market (2016-2022), the global research and analysis provider points out that both the US and Canada have been frontrunners inside the industry, enabling for drastic alter in the making of goods. From createing to development to production, we’ve seen a transformation all around, and additional so on this continent, duly pointed out by Research and Markets for the reason of an early adoption of the innovation—making sense thinking the 3D printing device was made in the US.

Whilst ‘dominating the 3D market,’ demand has sprung of the next industries:

HealthcareManufacturingAerospace and DefenseAutomotiveConstructionConsumer GoodsEducation

It is no surprise to hear that their research shows the healthcare sector as one of the top industries exhibiting demand for hardware, software and materials—all exemplified as we continually report on inspiring cases, of Canadian tech companies creating 3D printed prosthetics and orthotics to surgeons in Boston via 3D printed models to correct a baby’s cranial defect. Manufacturers like Stratasys are continually updating their lineup of 3D printing devices for the dental industry, while numerous others delve into materials, mainly metal, making items like 3D printed titanium spinal implants.

skull-models

3D printed cranial models utilized in the surgery of baby Bentley, at Boston Children’s Hospital.

In the car industry, well-known companies like BMW have been via 3D printing for decades may already. Whilst many focus on the use of the innovation primarily for create and prototyping, as Research and Markets points out, many car manufacturers are finding that they can manufacture high end and lightweight parts much additional affordably.

“In the car industry, 3D printing technologies have introduced new shapes into the industry, enabling the industry to create lighter and additional rigorous structures at low-priced price ranges,” states Research and Markets.

With products, materials, and services being the focus in the analysis, it’s significant to note that this market is divided up into the next segments:

ComponentSub-ComponentTechnologyApplicationVertical

Services are many in demand inside the industry in North America, but the products segment should show the many accelerated growth, that Research and Markets points out being due to the excellent demand for computer 3D printing devices.

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3D Systems not long ago released the ProX DMP 320 3D printing device, optimized for use with titanium, stainless steel, and nickel super alloy.

Whilst in terms of materials the focus has been on polymers, there is a excellent and introduced interest in addition in metal and alloys too as 3D printing in metal begins to take central stage—and especially of the larger companies.

“Stereolithography, selective laser sintering, electron beam melting, futilized deposition modeling, laminated object making and others are the significant technologies considered while analyzing the North America 3D printing market,” states Research and Markets.

Major applications to be considered as significant already in addition are:

Education/ResearchVisual AidsPresentation ModelingFit and AssemblyPrototype ToolingMetal CastingFunctional Parts

Key corporations playing a role are 3D Systems Corporation, Arcam AB, Royal DSM N.V., ExOne GmbH,Autodesk, Inc., Stratasys Ltd., Hoganas AB, Ponoko Limited, Mcor Technologies Limited and Optomec, Inc.

It is significant to remember of course that in terms of North American 3D printing, Mexico is part of the quotient as well—and according to this report, they are projected to show the many rapid growth of this year through 2022.

Turning to Europe 3D Printing Market (2016-2022), the research shows that 3D printing and additive making have had an huge impact as well for create, development, and making. The car industry especially has been a big player in Europe as the benefits of via the innovation become abundantly clear, and demand increases. Here in addition, new shapes have been introduced, enabling car companies to manufacture improved structures while in addition improving on the bottom line significantly.

3dp_BMW_waterpump_wheel

Companies like BMW have been via 3D printing for decades may already. Pictured here is a 3D printed water pump wheel component.

Whilst expanding in importance to both the car and healthcare sectors, rapid prototyping is yet the significant application for that it is employed.

“Increasing R&D expenditure in the healthcare industry and increasing demand for lightweight car materials is driving the 3D printing innovation market in the European region,” states Market and Research.

In addition appearing at information of Janssen, the pharmaceutical company of Johnson & Johnson, they foresee that “the European healthcare expenditure is estimated to increase of 13% of the GDP to 18% of the GDP by 2030.” It is significant to note here that in 2014, European R&D healthcare spending reached just half of that amount.

Again, this market in addition is divided into the same segments as North America, again with products, materials and services as the significant focus for the analysis. Materials are in addition divided into polymers, metals, and alloys—with polymers having been the main source of materials in 2014.

Major technologies considered were all mainly the same, along with applications. Germany was the leader in 3D printing in 2014 in term of revenue, according to this report, that in addition included analysis of markets in addition in France, the UK, Russia, Italy, Spain and all the rest of Europe.

“Italy on the other hand is expected to register most rapidly growth during the forecast period,” states Research and Markets.

Key corporations playing a role are 3D Systems Corporation, Arcam AB, Royal DSM N.V., ExOne GmbH, Autodesk, Inc., Stratasys Ltd., Hoganas AB, Ponoko Limited, Mcor Technologies Limited and Optomec, Inc.

LAMEA, one of the most rapidly-expanding regions in the world, encompasses Brazil (its significant portion), Argentina, Nigeria, South Africa, Iraq, Iran, Algeria, Saudi Arabia, and Egypt. Because of this, it manufactures sense that Research and Markets may include a report for these countries as a group in addition. In LAMEA 3D Printing Market (2016-2022), we see that again, healthcare and car are the driving forces in terms of innovation for 3D printing.

This report shows additional spending on research and development and product development, accentuated by ‘rising regulatory support’ by government on all fronts, as well as significant manufacturers.

“In addition, increasing purchasing power, rising government regulations to increase domestic production paired with ever-expanding dealership networks is creating a affirmatory environment for domestic and foreign companies to invest in the region,” states Research and Markets.

A demand for high-high end, ‘high-end’ products is on the increase, especially in countries like Brazil and South Africa. With so many new and influential making companies in both of these countries, the per capita income is higher and allows for for additional spending in areas like car.

The research company points out that data of Ernst & Young shows that in 2013, close to 2.76 million passenger cars were sold in Brazil. For South Africa, numbers in this industry are projected to increase to 60% in vehicle sales, and 52% in production. With these figures, it’s logical that the use of 3D printing—especially in the car industry—will go on to increase as manufacturers seek high end and lightweight parts that are much additional low-priced to create.

“Similarly, Middle Eastern countries are adopting 3D printing innovation, that is cost effective and capable of generating customized parts as per the companies or end-user specifications,” states Research and Markets.

UAE-Dubai-Office-of-the-Future-02-889x593

Dubai is on a undertaking to lead in 3D printing, and has may already created the world’s initially 3D printed, fully functional office assembling.

This market too is divided into segments as follows: component, sub-component, innovation and verticals. Again, products, materials, and services are the significant areas being focutilized on with services major as a priority in this market. Materials here too are divided into polymer, metal & alloy, and other. Technologies and techniques are just about identical to the North American and European markets, as well as applications.

“For advantageous belief of the market penetration of 3D printing the market is analyzed based on countries which include Brazil, Argentina, UAE, Saudi Arabia, South Africa, Israel and rest of LAMEA,” states Research and Markets. “In 2014, Brazil dominated the market with maximum share in terms of revenue. Israel on the other hand is expected to register most rapidly growth during the forecast period.”

Key corporations playing a role are 3D Systems Corporation, Arcam AB, Royal DSM N.V., ExOne GmbH, Autodesk, Inc., Stratasys Ltd., Hoganas AB, Ponoko Limited, Mcor Technologies Limited and Optomec, Inc. Discuss all of this information additional in the World 3D Printing Reports forum over at 3DPB.com.