According to a new market research report published by Global Insight Services “3D Printing Market is estimated to be worth $17.5 Bn in 2021 and is projected to grow at a CAGR of 21% between 2021 to 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The market is predicted to increase due to strong R&D in three-dimensional printing (3D Printing) and rising demand for prototype applications from several industrial verticals, including healthcare, automotive, and aerospace and military. Because it involves the layer-by-layer addition of material to construct an object referring to a three-dimensional file with the use of software and a 3-dimensional printer, the industrial application of 3D Printing is referred to as additive manufacturing.
Some of the factors driving the market’s growth are the ease with which customized goods may be developed, the reduction in production costs and process downtime, government expenditures in 3D printing initiatives, and the discovery of new industrial-grade 3D printing materials.
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Key Players:
- 3D Systems Corporation
- Arkema S.A.
- HP Inc
- Proto Labs Inc.
- SABIC
- Stratasys Ltd.
Key Trends and Drivers:
- The popularity of print-on-demand parts for the creation of customized functional parts has accelerated due to the availability of materials and developments in 3D printing technologies.
- Hardware advancements have resulted in faster and more reliable 3D printers for production applications. One of the most commonly used 3D printers is the polymer 3D printer.
- The widespread usage of 3D technology in the manufacturing process has increased the demand for software that may assist enterprises in increasing production volumes and improving their additive manufacturing processes.
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Segmentation:
By Product
- Plastics
- Ceramics
- Metals
By End User
- Electronics & Consumer Products
- Automotive
- Medical
- Industrial
- Education
- Aerospace
By Type
- ABS Filament
- PLA Filament
- PVA Filament
- PET Filament
Reasons to buy 3D Printing Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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