3D Printing Market reaches $8.43 Billion by 2020 – New Report by MarketsandMarkets
(PRWEB) December 09, 2014 -- The new research report defines and segments the "3D Printing Market" to provide an in-depth analysis of the growth trends and revenue forecasts. It also provides vital information about the major drivers, restraints, opportunities and demand patterns for this market on global scale.
Browse “3D Printing Market” report through detailed data tables, figures and TOC spread across 270 Pages
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The report profiles major companies in the 3D printing market to provide the competitive landscape. This profiling is essential to indicate the market growth strategies. The report covers the entire value chain for the market from the raw material supplier to the end user. Along with the value chain, it also provides an in-depth view of the essential market segments such as the applications, technologies, and materials. According to this analysis, the global market is expected to grow at a CAGR of 14.37% from 2014 to reach $8.43 billion by 2020.
According to the report, the 3D printing market is expected to maintain such healthy CAGR with growing applications across various industries including aerospace, automotive, consumer, government & defense, healthcare, industrial/business machines, and education & research. 3D printing makes it possible to manufacture a product of virtually any design and complexity. Hence, it is very useful for producing highly customized products with accuracy. It also minimizes the overall wastage of materials.
This report describes the market trends, drivers, and challenges with respect to the 3D printing Market and forecasts the growth and revenue potentials. It provides a detailed view of the market across all the geographic regions, namely, the Americas, Europe, Asia-Pacific, and RoW. According to the report, the Americas dominate the global market in terms of revenue generation. However, it suggests that Europe and Asia Pacific are also expected to witness high CAGR. The initiatives taken by the governments from American region are expected to be the major driver for the growth of this technology, according to the report.
The competitive landscape of the market presented in this reports creates an interesting picture. According to the report, the market is witnessing new product launches and large scale collaborations and agreements & partnerships across the value chain. It expects strong growth potential for the players from around the world with the presence of only a handful of tier-one players.
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The major players involved in 3D Printing Market are 3D Systems, Inc. (U.S.), Arcam AB (Sweden), EnvisionTEC (Germany), EOS (Germany), ExOne (U.S.), Luxexcel Group BV (Netherlands), Microtec Gesellschaft Fur Microcomputervertrieb MBH (Germany), MakerBot Industries, LLC (U.S.), Materialise NV (Belgium), Mcor Technologies Ltd. (Ireland), Orgnavo Holdings Inc. (U.S.), Optomec (U.S.), Stratasys Ltd. (U.S. and Israel), and Voxeljet AG (Germany).
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