By IMARC group the global 3D printing market reached a value of US$ 13.2 Billion in 2020, expected to to grow at a CAGR of around 20% during 2021-2026.
Wyoming, United States - September 9, 2021 /MarketersMEDIA/ —
According to IMARC Group’s latest report, titled “3D Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the 3D printing market reached a value of US$ 13.2 Billion in 2020. 3D printing is the procedure of converting a computer-created design into a three-dimensional product. It produces intricate layouts by utilizing limited materials, along with increasing productivity, reducing operational costs, and incurring minimal wastage. 3D printing technology is used extensively in stereolithography, selective laser sintering, fused deposition modeling, electron beam melting, laminated object manufacturing, etc. At present, it is widely adopted across diverse sectors, including consumer electronics, defense, aerospace, automotive, healthcare, education, etc.
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The growing automobile sector and the increasing implementation of 3D printing solutions for generating 3D models, creating vehicle prototypes, design validation, etc., are primarily driving the global 3D printing market. Furthermore, several 3D printing companies are launching innovative product variants to replace heavy-duty parts in automobiles with lightweight, energy-efficient, and cost-effective components. Additionally, substantial growth in the aerospace sector has increased the adoption of 3D printing to manufacture lighter aircraft frames and structures. Moreover, several advanced medical facilities across the globe are also utilizing 3D printing technology to produce prosthetic parts, including cartilage, skin, bones, etc. In the coming years, the introduction of advanced metal 3D printing technologies to reduce overall production time and costs will continue to proliferate the market growth on a global level. Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
Stratasys
3D Systems
Materialise
EOS GmbH
Ge Additive
Exone
Voxeljet
HP
SLM Solutions
Envisiontec
Protolabs
Mcor Technologies
Optomec
Groupe Gorgé
Ultimaker
Renishaw
Beijing Tiertime Technology
Xyzprinting
Market Segmentation:
Breakup by Technology:
Stereolithography
Fused Deposition Modeling
Selective Laser Sintering
Electron Beam Melting
Digital Light Processing
Others
Breakup by Process:
Binder Jetting
Directed Energy Deposition
Material Extrusion
Material Jetting
Powder Bed Fusion
Sheet Lamination
Vat Photopolymerization
Breakup by Material:
Photopolymers
Plastics
Metals and Ceramics
Others
Breakup by Offering:
Printer
Material
Software
Service
Breakup by Application:
Prototyping
Tooling
Functional Part Manufacturing
Breakup by End-User:
Consumer Products
Machinery
Healthcare
Aerospace
Automobile
Others
Breakup by Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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