3D printing market is expected to grow at a CAGR of 23% from 2013 to 2020, and reach $8.41 billion in 2020.
(PRWEB) October 17, 2014
3D printing has been evolving as a technique to create 3D models and prototypes, in many industries, namely, automotive, aerospace, healthcare, and consumer products- in order to investigate the possibility of completing a project in lesser time and with few resources. However, in the last two decades, 3D printing has made a radical shift from rapid prototyping to rapid manufacturing”, mainly, because of its advantages over traditional manufacturing practices such as injection molding, CNC machining, and vacuum casting. These advantages include innovative designing, high adaptability levels, less time to market, and less tooling requirements. 3D printing manufacturing is also found to be quicker and less expensive. Complete report is available at http://www.reportsnreports.com/reports/270520-3d-printing-market-by-technology-sla-sls-ebm-fdm-ebm-lom-3dp-materials-polymers-metal-application-aerospace-automotive-consumer-healthcare-government-defense-geography-americas-europe-apac-row-2013-2020-.html .
The ability of 3D printing to print almost any geometry with a variety of materials makes this technology a preferred choice, especially, in those markets which are characterized by high individualization, low volume, and high value; such as aerospace and healthcare. The major driving factors that support the exponential growth of 3D printing include – the development of new and improved technologies, financial support from governments, large application areas, rapid product development at a low cost, and ease in development of custom products.
In this report, the global 3D printing is segmented on the basis of technology, material, application, and geography. The technology segment comprises of Stereo lithography (SLA), Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modeling (FDM), Laminated Object manufacturing (LOM), Three Dimensional Inkjet printing (3DP), and other proprietary technologies. The global 3D printing market by material comprises polymers, metals/alloys, and others (ceramics, sand, and paper). The application segment includes aerospace industry, automotive consumer products, healthcare, government and defense, industrial/business machines, education & research, and others (arts, architecture). Health care and aerospace are the two fastest growing application areas for 3D printing. The stringent requirements such as light weight and accurate & precise design requirements for airplanes parts are the major driving factors behind the growth of 3D printing in the aerospace industry, over traditional manufacturing methods. However, the increasing medical procedures’ volumes due to the growing population, rising income levels, low labor costs, and increasing health awareness are responsible for the tremendous growth of 3D printing in healthcare sector, as well.
The competitive landscape segment in the report covers all the key growth strategies of several major players as well as startups in the global 3D printing market; including 3D Systems, 3T Rpd, Arcam Ab, Autodesk, Concept Laser, Envisiontec Gmbh, Eos, Esma, Exone, Gpi Prototype & Manufacturing Services Inc, Hoganas Ab, Layerwise, Luxexcel, Materialise Nv, Mcor Technologies Ltd, Microtec Gesellschaft Für Mikrotechnologie Mbh, Optomec Inc, Organovo Holdings, Ponoko, Stratasys Inc and Voxeljet Ag. Order a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=270520 .
The market is also categorized into four major geographic regions, namely Americas, Europe, Asia-Pacific, and Rest of the World. Developing economies such as China and India provide tremendous growth opportunities for the 3D printing manufacturing technologies, majorly, due to the rise in lifestyle and general income levels. For instance, China is aggressively taking initiatives such as huge investment and government funding in R&D, to promote 3D printing as a manufacturing technique.
This report also presents a detailed overview of the overall 3D printing market by enveloping all the major market segments with a detailed qualitative analysis at each and every aspect of the segmentation. All the numbers are forecast from 2013 till 2020, to give a glimpse of the possible revenue potential in this market within this period. Priced at US $4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=270520 .
Scope of the report
On the basis of the applications
3D printing is used for various applications such as in the automotive, aerospace, consumer, healthcare, government & defense, industrial, and education and research sectors.
On the basis of the Technologies
In this research report, the 3D printing technology is segregated into Stereo lithography (SLA), Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modeling (FDM), Laminated Object manufacturing (LOM), Three Dimensional Inkjet printing (3DP), and the likes.
On the basis of the Materials
The materials used in 3D Printer are polymers, metals & alloys, powder, and others. The ‘metals’ based 3D printing holds the future prospect of the market.
On the basis of the geographical regions
Geographical analysis covers Americas, Europe, Asia-Pacific, and ROW. In accordance with this report, the Americas, currently, leads the 3D Printing market. European region is the fastest growing market, and it is believed that it will surpass Americas in the near future.
Explore more reports on semiconductor and electronics market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .
ReportsnReports.com is an online market research reports library of 450,000+ reports (http://www.reportsnreports.com/latest-market-research.aspx ) and in-depth studies of 5000+ micro markets. We provide reports by 100+ publishers, including MarketsandMarkets.