The global 3D Printing Market is forecasted to be worth USD 28.23 Billion by 2027, according to a new report by Emergen Research. The industry for 3D printing is witnessing a surge in demand as there is an increased application in consumer products, automotive, and medicals, among others. The reduction in errors and overall time and development cost, ease in manufacturing, and the ability to build very intricate tailored designs are driving the market growth.
It also focuses on the strategic initiatives taken by the companies to gain a robust footing in the market such as mergers and acquisitions, collaborations, joint ventures, partnerships, corporate and government deals, and licensing agreements, among others. It covers business overview, expansion plans, gross profit margins, revenue growth, production and manufacturing capacity, product portfolio, and financial standing of the companies.
3D Printing Market Size – USD 10.71 Billion in 2019, Market Growth – CAGR of 13.7%, Market trends – Growing demand from the medical and consumer goods industry
SWOT analysis and Porter’s Five Forces analysis are also covered to offer detailed analysis of the key companies operating in the market. North America dominated the market for 3D printing, and the United States have the highest adoption rate of the product. The region has various medium and small-sized manufacturers. The presence of a mature 3D printing market and adoption of advanced technology is spurring the demand for the product. The region held a market share of 36.5% in the year 2019.
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Key companies profiled in the market include 3D Systems, Stratasys, GE Additive, EOS GmbH, Voxeljet, SLM Solutions,ect.
Investment by the government on 3D printing projects and reduction in manufacturing, along with process downtime, will drive the market demand. In the offering segment, ceramic material has various applications such as aerospace, biomedical, electronics, and automotive engineering due to their high medical strength, hardness, good thermal, and chemical stability. Moreover, research on bio-ceramics for application in bone implants are driving the demand for the segment.
Regional Analysis of the 3D Printing Market:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Offering Outlook (Revenue, USD Billion; 2017-2027)
Printer
Desktop 3D Printer
Industrial 3D Printer
Material
Polymer
Metal
Ceramic
Application Outlook (Revenue, USD Billion; 2017-2027)
Functional Part Manufacturing
Prototyping
Tooling
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Industry Verticals Outlook (Revenue, USD Billion; 2017-2027)
Engineering
Aerospace and Defense
Consumer Products
Healthcare
Energy
Education
Printed Electronics
Additionally, the report also gives an insight into product portfolios, costs, sales, production capacities, and market players. Raw materials, demand analysis, product flow, and distribution channels have been studied and surveyed extensively in this research report. The key growth trends and opportunities are offered through a thorough investigation and examination of the market. A detailed course of development is offered in the report along with insights into businesses connected with it, which include firms, industries, organizations, vendors, and local manufacturers.
Table of Contents:
Chapter 1 includes an introduction of the global 3D Printing market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
Key Questions Answered in the Report:
What is the growth rate of the 3D Printing market? What is the anticipated market valuation of 3D Printing industry by 2027?
What are the key growth driving and restraining factors of the 3D Printing market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the 3D Printing industry over the forecast period?
Which region is expected to show significant growth in the coming years?
Read More: https://www.emergenresearch.com/industry-report/3d-printing-market
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