3D Printing Market Composites 2020-2025: Technology and Market Analysis
Growth in demand for
customized products in the consumer goods, machining, and healthcare sector is
primarily driving the development of the 3D printing market.
Description
3D Printing Market: by Technology (Stereo-lithography (SLA),
Fused Deposition Modelling (FDM), Selective Laser Sintering (SLS), Electron
Beam Melting (EBM), Digital Light Processing (DLP), and Others), By Material
(Polymer, Metal, and Ceramic), by Application (Prototyping, Tooling, and
Functional Parts), and End User (Automotive, Healthcare, Industrial, Consumer
Electronics, Aerospace & Defence, and Others), by Region – Global Industry
Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)
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The 3D printing market report covers a thorough analysis of the
market dynamics, business models, segmental/regional analysis, and respective
market shares and strategies adopted by the key market players operating in the
global market. It entails an in-depth analysis of the factors influencing the
global market and market statistics indicating region wise and segment-wise
market share/growth analysis. The report's study will outlook one of the most
exhaustive analyses of the market, capturing all the aspects of the 3D printing
industry.
3D Printing Market Introduction
3D Printing is generally known as additive manufacturing.
The technology was innovated to improve conventional manufacturing with limited
operation cost to the end user in the commercialized market. Also, 3D printing
technology primarily assists manufacturers in prototyping and manufacturing
products from various industries such as automotive, healthcare, aerospace, and
others. The 3D printing process aimed to improve speed, operational cost,
flexibility, quality, product quality consistency, and risk reduction in the
manufacturing facilities. Thus, this, in turn, encourages producers to offer
the best items at reasonable costs.
3D printing is broadly acknowledged in the industrial
manufacturing sector, inferable catering to the developing demand for better
production techniques. The 3D printing market is foreseen to develop with
rising technological innovations over the forecast period.
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3D
Printing Market Dynamics
Growth in demand for customized products in the consumer
goods, machining, and healthcare sectors primarily drive the development of the
3D printing market. The critical applications of 3D printing are proven
beneficial to manufacturers to enhance productivity and boost market growth in
3D printing devices, which are extensively used during the first stages of
manufacturing to detect defects. This ultimately fuels the finished product's
overall efficiency and performance due to the accurate printing of various
products. Besides, 3D printing products can be modified easily, accelerating
market revenue for market solutions.
Although continuous technological advancements in the
current 3D press technology, lower printer costs, and the availability of a
wide range of materials enable personalized items to enhance the manufacturing
process. 3D printing market makes it possible to substitute the component on
demand, render fewer standard versions, niche items, and manufacture
custom-designed usable parts in small quantities. Such factors are expected to
open new growth opportunities in the global 3D printing industry.
However, the limited standardization and high cost
associated with the 3D printing technology are primarily hindering the overall
market's growth and impact the global 3D printing market size.
3D Printing Market: Competitive Landscape
The leading manufacturers of the 3D
printing market in the global market include 3D Systems Company, Arcam AB
(GE Aviation), EnvisionTEC Gmbh, Autodesk, Inc., and Stratasys Ltd.
Other key manufacturers include in the market include The
ExOne Company, EOS GmbH, Electro-Optical Systems, Design – Laser GmbH, Sisma
SpA, SLM Solutions Group AG, Hewlett Packard Inc., Materialise NV (ADR), and
Proto Labs Inc., among others. The 3D printing business is fragmented due to
the bulk of the leading brands' market share retained. Nonetheless, small and medium-sized
companies are updating their infrastructure, but a substantial proportion of
customers have acquired top players and are still spending significantly more
growth and creativity.
In September
2020, WABTEC, HP, and Redington revealed their new additive manufacturing
facility in Bengaluru, Karnataka, India. The facility is aimed to enhance the
design and production capabilities of updated integrated 3D-printed components.
The facility targeted to manufacture 25,000 production parts by 2025
In August
2020, Essentium, Inc. collaborated with Magigoo to introduce four new 3D
printing bed adhesives based on the specifications of Essentium’s portfolio of
materials and the Essentium High-Speed Extrusion (HSETM) 3D Printing Platform.
These four 3D printing adhesives are expected to provide manufacturers with a
reliable adhesion solution to scale their industrial-scale 3D printing.
The 3D printing market report provides a thorough analysis of
macro-economic factors along with the market attractiveness of every segment.
The report will include an in-depth qualitative and quantitative assessment of
segmental/regional outlook with the market players' presence in the respective
segment and region/country. The information concluded in the report includes
the inputs from industry participants and industry experts across the value
chain.
The 3D printing market report covers
comprehensive analysis on:
·
Market Dynamics
·
Market Segmentation
·
Regional Analysis
·
Market Size in Value and Volume
·
Pricing Analysis
·
Supply & Demand Analysis
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