DUBLIN--(BUSINESS WIRE)--The "3D Printing Market Size, Share & Trends Analysis Report by Material, by Component (Hardware, Services), by Printer Type (Desktop, Industrial), by Technology, by Software, by Application, by Vertical, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global 3D printing market size is estimated to reach USD 35.38 billion by 2027. It is expected to witness a CAGR of 14.6% over the forecast period.
3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The industrial vertical happens to be the most significant adopter of the 3DP technology and eventually leading to the highest market share of 3D printers for industrial applications over the forecast period. The additive manufacturing is anticipated to evolve with rising R&D and technological advancements.
The 3D printing and related technologies are evolving continuously in line with the intensive R&D activities being undertaken and the aggressive investments being made by the private sector as well as the public sector. Government funding and encouraging initiatives being undertaken in developed economies are prompting manufacturers to pursue improvements in technology and the adoption of new technologies.
North America accounted for the largest market share of more than 35% in 2019 as a result of the extensive adoption of 3D printers for 3D designing, modeling, and manufacturing in various industries. On the other hand, Asia Pacific has emerged as a manufacturing hub owing to an expanding consumer base as well as the continued rise in foreign investments. Hence, the regional market is expected to witness remarkable growth over the forecast period.
Further key findings from the report suggest:
- 3D printing technology is gaining traction owing to the ability of the technology to offer accurate and rapid prototyping and optimize the time to market
- Increasing adoption of 3D printers in healthcare, automotive, and consumer electronics verticals is likely to drive the market growth significantly
- Demand for desktop 3D printers is expected to increase over the forecast period, as 3D printing is gaining popularity among hobbyists for domestic, household, and personal usage as well as in education sector for training purposes
- Prototyping segment dominated the market in 2019 and is expected to expand its market share to more than 50% by 2027.
- The polymer segment contributed to almost half of the entire industry share. However, the metal segment is expected to dominate the market in the next seven years. This is attributed to the increasing demand for metal 3D printing from industrial verticals such as automotive and aerospace & defense
- The desktop 3D printing segment is expected to adopt the 3DP technique aggressively over the forecast period. It has been segmented further into educational purpose, fashion and jewelry, objects, dental, food, and others
- Asia Pacific 3D printing market, which is emerging as a manufacturing hub for several industry verticals, is anticipated to grow significantly as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt 3DP, particularly in countries, including China, Japan, and South Korea
- The prominent players in the market include Stratasys Ltd., 3D Systems, Inc., 3D Ceram, GE Additive, HP Inc., Tiertime, EnvisionTec, Inc., and Dassault Systemes
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 3D Printing- Industry Snapshot & Key Buying Criteria, 2016 - 2027
2.2 Global 3D Printing Market ASPs by Technology, 2016 - 2027 (USD)
2.3 Global 3D Printing Market Shipment, by Technology, 2016 - 2027 (Thousand Units)
Chapter 3 Industry Outlook
3.1 Market Segmentation & Scope
3.2 3D Printing Market Size and Growth Prospects
3.3 3D Printing-Value Chain Analysis
3.4 Market Dynamics
3.5 Key Opportunities - Prioritized
3.6 3D Printing-Key Company Analysis, 2019
3.7 Industry Analysis - Porter's
3.8 3D Printing-PESTEL Analysis
Chapter 4 3D Printing Market: Component Estimates & Trend Analysis
Chapter 5 3D Printing Market: Printer Type Estimates & Trend Analysis
Chapter 6 3D Printing Market: Technology Estimates & Trend Analysis
Chapter 7 3D Printing Market: Software Estimates & Trend Analysis
Chapter 8 3D Printing Market: Application Estimates & Trend Analysis
Chapter 9 3D Printing Market: Vertical Estimates & Trend Analysis
Chapter 10 3D Printing Market: Material Estimates & Trend Analysis
Chapter 11 3D Printing Market: Regional Estimates & Trend Analysis
Chapter 12 Competitive Landscape
- 3D Systems, Inc.
- 3DCeram
- Arcam AB
- Autodesk, Inc.
- Canon, Inc.
- Dassault Systemes
- EnvisionTec, Inc.
- EOS (Electro Optical Systems) GmbH
- ExOne
- GE Additive
- HP Inc.
- Made In Space
- Materialise NV
- Optomec, Inc.
- Organovo Holdings Inc.
- Proto Labs, Inc.
- Shapeways, Inc.
- Stratasys Ltd.
- Tiertime
- Voxeljet AG
For more information about this report visit https://www.researchandmarkets.com/r/mke1k
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