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3D Printing Market Size, Share, Trends, Analysis Report 2022

Status : Work in progress | Report Format: Electronic (PDF) | Publisher: Radiant Insights Inc.

The global 3D printing market size is expected to grow at a CAGR of over 14% reaching the overall market revenue of about US$8 billion from 2015 to 2022. Proliferating significance of 3D printing into numerous industries is estimated to drive the market growth. Expediting implementation of 3D printing in various industry segments such government & defence, industrial & business, healthcare and automotive as are expected to act as drivers. 

Healthcare sector is expected to witness significant growth owing to growing use of oral implants and hearing aids. Proficient use of raw material coupled with decreasing human error is likely to act as market driver. High resolution and flexibleness in raw materials usage is expected to have substantial impact on demand. Plug and play facility and reduction in development time & cost are expected to fuel 3 dimensional printing market. Huge government funding is estimated to boost demand of the product. 

High cost of production and expensive 3D printing software is expected to hamper the growth. Incapability to produce huge outputs and shortage of skilled labour are likely to obstruct demand of the product. Scarcity of assistance from channel partners is anticipated to hinder the 3D printing market growth.

Application of these printers, assist in manufacturing process and is expected to facilitate industry participants with potential opportunities. Use of various raw materials simultaneously during the manufacturing activity is estimated to exhibit wide range production opportunities. Growing application of this product in medical science and healthcare industry is likely to accentuate prospects for industry participants.

The 3D printing market can be segmented based on application, technology and raw material. Based on application it can be segmented into aerospace, automotive, consumer products and medical. Medical industry is expected to witness highest growth owing to manufacturing of equipments such as hearing-aid shells and dental implants. Bio-compatible nature of material used is likely to propel the demand in this sector. 

Based on technology, it can be segmented as EBM (Electron Beam Melting), SLA (Stereo Lithography), FDM (Fused Deposition Modelling) SLS (Selective Laser Sintering), LOM (Laminated Object Manufacturing), 3D colour jet printing and multi-jet printing. On the basis of raw material, the market can be segmented as, photopolymer, thermoplastic, metals and alloys, ceramics and others. Thermoplastic can be further segmented into polyvinyl alcohol, acrylonitrile butadiene styrene, polylatic acid, polyethylene and nylon. Metals and alloys can be further classified into steel, titanium, graphene, gold, silver and alumide. Some other raw materials encapsulate edible materials, paper, clay and porcelain.

North America 3D printing market is estimated to witness significant growth owing to presence of key players in the region. Asia Pacific market is anticipated to witness high growth rates owing to encouraging policies for manufacturing and sale of professional grade equipments in the region. China is expected to focus on 3 dimensional printing in order to produce high value finished products. The finance ministry in the region is anticipated to include USD 44 million in their fiscal budget in order to alleviate development of high end printers.

Key industry participants accounting for major 3D printing market share are Arcam AB, ExOne EnvisionTEC EOS, Microtec Gesellschaft Fur Microcomputervertrieb MBH. Some other industry players include Luxexcel Group BV, MakerBot Industries, Materialise NV, Mcor Technologies Ltd., Voxeljet AG, Optomec Stratasys, and Orgnavo Holdings and 3D Systems.

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