Market Analysis: Global 3D Printing Market
3D printing market is to register a healthy CAGR of 22.75% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to reduction in manufacturing cost and time, reduction of errors, and the capability to build customized products.
Market Definition: Global 3D Printing Market
3D printing, also referred as desktop manufacturing or additive printing technology, enables producers to use digital file and multiples of printing equipment to produce objects. There are several kinds of polymers, metals, and ceramics used in 3D printing. 3D printing provides methodologies that are capable of making the production of complicated models an obvious reality. 3D printing has streamlined methods of working in the production, product customization, design, and styling all of which have grown appropriately.
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Regular advancement in technology is driving the growth of the market
Reduction in production cost and time is helping the market to grow
Rising demand in healthcare and other applications is also flourishing the growth of the market
Increasing government initiatives and investments drives the growth of the market
Costly materials and limited availability are restraining the market growth
Lack of Standard Process Control hinders the market growth
Lack of information about this technology hampers the market growth
Segmentation: Global 3D Printing Market
3D Printing Material Market, By Type
Acrylonitrile Butadiene Styrene (ABS)
Polylactic Acid (Pla)
Polyvinyl Alcohol (PVA)
3D Printing Material Market, By Form
Directed Energy Deposition
Powder Bed Fusion
Fused Deposition Modelling
Selective Laser Sintering
Direct Metal Laser Sintering
Polyjet Printing/Multijet Printing
Electron Beam Melting
Laser Metal Deposition
Digital Light Processing
Laminated Object Manufacturing
Functional Part Manufacturing
Aerospace and Defence
Architecture and Construction
Food and Culinary
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of Middle East and Africa
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Key Developments in the Market
In May 2019, HP introduced Jet Fusion 3D printers, 5200 series. HP's recent machines target volume manufacturing, with injection molding being comparable to precision and repeatability. The company has also formed strategic alliances with industries.
In July 2019, Divide By Zero has introduces world’s fastest 3D printer, AION500 MK3. AION500 MK3 is 3X quicker than standard CNC machines. The print velocity is 10X higher than any platform based on polymer extrusion anywhere in the globe. This technological advancement will help company to expand its product portfolio.
Global 3D printing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global 3D printing market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global 3D printing market are 3D Systems, Inc., Netherlands Organization for Applied Scientific Research, NATURAL MACHINES, Choc Edge, Systems & Materials Research Corporation, byFlow B.V., Print2Taste GmbH, Barilla America, Inc., BeeHex, Modern Meadow, Dovetailed, Aniwaa Pte. Ltd., BIOZOON GmbH, Wiiboox, ZMorph, ORD Solutions Inc, PancakeBot LLC and among others.
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