Sep 30, 2020   SOURCE: PR NewsWire

Global 3D Printing Market Outlook and Forecast 2020-2025: Scalability From Rapid Prototyping to Production Opportunities

DUBLIN, Sept. 30, 2020 /PRNewswire/ -- The "3D Printing Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.

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The 3D printing market by revenue is expected to grow at a CAGR of over 18% during the period 2019-2025.

The 3D printing market has been growing tremendously in the last decade, and it is witnessing investments by both public and private enterprises. Several governments across the world are keen to invest in this domain, and they have already started investing in the same. The US, UK, Germany, France, and China are the leading countries with the highest adoption and investment rates. The automotive industry is expected to expand at the fastest pace because of the growing acceptance of the technology in automotive part manufacturing. 3D printing technology is largely adopted in the aerospace and defense sectors. The aircraft industry is among the early adopters of the technology.

3D printing continues its industrialization journey despite the outbreak of the COVID-19 pandemic. It is supporting the battle against the COVID-19 pandemic. As many hospitals struggle to get critical medical supplies, this technology has emerged as a solution that enables a quick response to certain supply chain shortages. The agility offered by 3D printing can be useful not only during this pandemic. 3D printing materials for medical applications must be developed for medical environments, meaning that they must withstand high temperatures and be biocompatible. While such materials do exist on the 3D printing market, their variety is much lower than that of more common thermoplastics.

3D Printing Market Segmentation

The global 3D printing market research report includes a detailed segmentation by component, end-user, application, process, and geography. 3D printers have grown exponentially in recent years as they become cheaper, more efficient, and more capable. The demand for faster speed and higher printing reliability has driven manufacturers to shift their focus on metal 3D printing to production applications. The industrial 3D printing market is growing at a significant rate around the globe, particularly in developed economies as large manufacturers are likely to use this technology to reduce production costs. Electrics and electronics, food and beverage, aerospace, automobile, and healthcare are the main end-users of commercial printers.

The industrial machinery industry is the largest revenue-generating segment. The demand for 3D printing in this industry is growing as the industry is witnessing a slow shift toward efficient production techniques and optimum resource utilization. The UK and Switzerland are the leading countries in the overall manufacturing climate, followed by the US, Japan, and Canada due to their strategies, cost factors, labor contributions, and infrastructure.

The aerospace and defense industry has been an early adopter of this technology and continues as a contributor to market growth. The demand for this technology in the aerospace industry is expected to increase during the forecast period owing to the high standard of parts performance and accuracy.

3D printing can be particularly useful for prototyping of jewelry design, architecture, or electronics in the manufacturing of mechanical components, cases, architectural templates, props, and practical consumer goods. Rapid prototyping is a cost-effective option for almost any 3D concept from small pieces to massive outputs. The increasing application in healthcare, manufacturing, and construction, and consumer goods and electronics is expected to drive the 3D printing market in prototyping.

The increase in consumer electronics consumption is expected to increase the demand for the tooling segment. The focus on product customization fuels the requirement for new molds and dyes designed for the manufacturing of products. In addition, the growth of renewable energy systems requires sophisticated and professionally designed dye molds and machine tools to produce parts. Owing to the demand for product customization, the increased use of consumer electronics and electrical appliances, and the growth in renewable energy, the demand for equipment is projected to rise at a remarkable pace during the forecast period. Furthermore, advancements such as penetration of IoT and automation are projected to offer several lucrative opportunities during the forecast period.

KEY QUESTIONS ANSWERED

1. What is the global 3D printing market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the 3D printing market shares?
3. How is the growth of the industrial machinery segment influencing the growth of the 3D printing market trends?
4. Who are the leading vendors in the 3D printing market, and what is their market share?
5. What is the impact of the COVID-19 pandemic on the 3D printing market?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 3D Printing Versus Traditional Manufacturing

8 Impact Of COVID 19
8.1 Overview
8.2 COVID-19 Impact On Global Trade
8.3 COVID-19 Impact On 3D Printing Market

9 Market Opportunities & Trends
9.1 Creating A More Sustainable Future With 3d Printing
9.2 Scalability From Rapid Prototyping To Production
9.3 Accelerated Growth Due To Evolution Of 3d Printing Software

10 Market Growth Enablers
10.1 Initiatives And Spending By The Government
10.2 Flexibility & Ease Of Developing Customized Products
10.3 Increasing Research & Development Activities

11 Market Restraints
11.1 Lack Of Digital Infrastructure, Skill Set, And High Initial Investment
11.2 High Production Time And Lack Of Industrial Standards
11.3 3D Printing Effects On Environment

12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Component Type
12.4 Process Type
12.5 End Users
12.6 Application Type
12.7 Geography
12.8 Five Forces Analysis

13 Value Chain Analysis
13.1 Overview

14 Component Type
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 3D PRINTER
14.4 Software
14.5 Services
14.6 Materials

15 End User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Industrial Machinery
15.4 Aerospace
15.5 Healthcare
15.6 Automotive
15.7 Consumer Products
15.8 Others

16 Application Type
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Prototyping
16.4 Tooling
16.5 Functional Part Manufacturing

17 Process
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Extrusion
17.4 VAT Polymerization
17.5 Powder Bed Fusion (Polymer & Metal)
17.6 Material Jetting
17.7 Others

18 Geography

Competitive Landscape
Competition Overview

Prominent Vendors

    --  3D Systems
    --  ARC Group
    --  EOS GmbH
    --  HP
    --  Materialise
    --  Proto Labs
    --  Stratasys
    --  SLM Solutions Group AG
    --  EnvisionTEC
    --  GE Additive
    --  XYZprinting
    --  Desktop Metal

Other Prominent Vendors

    --  3D Hubs
    --  Aleph Objects
    --  Carbon
    --  Cookson Precious Metals (Cooksongold)
    --  ExOne
    --  Kraftwurx
    --  Autodesk
    --  Voxeljet
    --  New Kinpo Group
    --  Beijing Tiertime Technology
    --  Formlabs
    --  Groupe Gorg
    --  Ultimaker
    --  Hgans
    --  Koninklijke DSM
    --  M3D
    --  Makexyz
    --  Markforged
    --  Mcor Industries
    --  Monoprice
    --  Optomec
    --  Ponoko
    --  Renishaw
    --  Nano Dimension
    --  Organovo
    --  Prototype Projects
    --  SGD
    --  Simplify3D
    --  Sculpteo
    --  Shapeways
    --  Denford
    --  Ricoh Company
    --  Trinckle
    --  BigRep
    --  ReaLizer
    --  Taulman3D

For more information about this report visit https://www.researchandmarkets.com/r/lz6pa

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