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New Innovations, Enhanced Printing Performance and Declining Prices Drive the Global 3D Printing Market


Published: April 2017

REPORT STATISTICS


  • Code: MCP-7651
  • Pages: 438
  • Tables: 63
  • Companies: 117


3D PRINTING: A RESEARCH BRIEF

The global market for 3D Printing is projected to reach US$16.8 billion by 2022, driven by declining printer prices, new materials and ever expanding applications. Future growth prospects remain bullish supported by continuous technology advancements; robust demand for precision machined components in a broad range of industries; growing manufacturer focus on product quality and the ensuing rise of customized component designing services. Revolutionizing benefits of the technology poised to drive adoption rates include faster time-to-market, cost savings, risk mitigation of faulty design, ability to mass customize component solutions, reduced complexity and higher design freedom. The United States represents the largest market worldwide supported by the growing competitiveness of the domestic manufacturing sector, undivided focus on achieving manufacturing renaissance and the ensuing robust investments in leading edge technologies. Asia-Pacific ranks as the fastest growing market with a projected CAGR of 24.5% over the analysis period, led by factors such as emergence of low cost Asian countries as global hubs for manufacturing; rapid expansion of manufacturing scale to achieve economies of scale and reduced costs; increased competitive pressure to invest in R&D and innovation; and a strong appetite for advanced and emerging manufacturing technologies. 

    Summary of Findings

  • 3D Bioprinting Grows in Prominence Supported by Applications in In-Vitro Testing for New Drug Discovery, and Prototype Printing of Body Parts
  • Easy Creation of Complex Geometries Drives Adoption of 3D Printing in Medical and Dental Industries
  • Robust Demand for Electronic Wearables and Wearable Computers Drives Growth of 3D Printed Smart Textiles
  • Launch of 3D Hybrid Solutions, Combining additive technologies with Conventional Subtractive Processes to Benefit Immediate Market Growth by Overthrowing Cost Challenges of Fully 3D Printing Systems
  • Increasing R&D Focus on Print Materials and Enormously Diverse 3D Printing Processes to Spur Market Growth

    Timeline for Analysis

  • Market Estimates and Forecasts for 2014-2022

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), Latin America, and Rest of World

    Market Segmentation & Classification

  • Types:
    • 3D Printing Equipment, 3D Printing Services, and Others.
  • End-Use Segments:
    • Automotive, Aerospace, Consumer Products, Medical, and Other

MAJOR PLAYERS

  • 3D Systems Corporation
  • Arcam AB
  • envisionTEC GmbH
  • EOS GmbH
  • The ExOne Company
  • Stratasys Ltd

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable