According to the lead author of the report, the 3D printing market will continue to witness high growth in the years to come on account of the efficient use of production time, simultaneous use of multiple materials for printing, effective use of financials. In addition to this, a key factor bolstering the demand for 3D printing is the competency over conventional printing techniques. The report not only discusses the various growth drivers of the market but also gives the impact analysis of these growth drivers.
With technology both consumers and industry have evolved and the market is becoming more dynamic than ever. Key companies within the 3D printing market are striving to keep abreast the changing demands of consumers. Over the years, construction and architecture has emerged as one of the key applications areas of 3D printing. 3D printing help architects project their ideas in a much better way and customers can also understand easily, thereby ensuring a win win situation to both parties.
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The report also highlights the various factors that are posing a challenge for the growth of the global printing industry. The high production cost to individual users is one of the key factors hampering the growth of the market. The cost of 3D printing software is also high, thereby dissuading many customers from using this form of printing. Another factor acting as a restraint is the lack of channel partner assistance.
3D printing, which is also called as additive printing technology has helped manufacturers in developing objects by making use of a digital file and using a variety of printing materials. Some of the application areas of 3D printing include: consumer products, defense and aeronautics, industrial products, healthcare, automotive, research and education, and others. Some of the materials used for printing are metals, ceramics, and polymers.
On the basis of geography, the market is segmented into Asia Pacific, Europe, and North America. Of these, it is estimated that Asia Pacific will emerge as the region which will witness growth at a healthy pace. The growing applications of additive manufacturing in automobile, healthcare, and consumer industry will drive the growth prospects of the printing industry in Asia Pacific. As the automotive, healthcare, and consumer industries are flourishing in this region, the market for 3D printing will also thrive in APAC.
By product, the market is segmented into binder jetting, direct energy deposition, and material extrusion. On the basis of application, the market is segmented into tooling, prototyping, and
functional part manufacturing.
Key companies profiled in this report include Stratasys Ltd, Beijing Tiertime Technology Co. Ltd., 3D Systems Corporation, Concept Laser GmbH, and EOS GmbH. The business and financial overview of these companies are given in the report. The study also reveals the key strategies adopted by these players. The recent developments of players are also listed in the report.
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