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3D Printing Market by Offering, Process, Application, Vertical, and Geography - Global Forecast to 2023

3D Printing Market: Global Forecast until 2023

  • July 2017
  • 240 pages
  • ID: 4998220
In this report:
The market for the desktop printers registered a larger shipment of ##,## units in 2016 and is expected to reach ##,##,## units by 2023, at a higher CAGR of ##.##% during the forecast period.
The market for industrial ##D printers is expected to register a shipment of ##,## units by 2023, at a CAGR of ##.##% during the forecast period.

Summary

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"3D printing market intended to grow at a remarkable Compound annual growth rate"

The 3D printing market is anticipated to grow at a compound annual growth rate (CAGR) of ~25.8 percent between 2017 and 2023, to be worth ~$32.8B by 2023. Ease of development of customized products, reduction in global manufacturing costs, and government investments supporting the regional increase of the 3D printing technology are the factors driving the 3D printing market. On top of, upbringing of new and innovative printing materials ; demand from aerospace, automotive, medical and healthcare, consumer products, and education sectors; rise of 3D printing service market; and strong investments from certain big companies including GE, Liebherr Group, Diehl Aerosystems Holding GmbH, and BAE Systems are also drive the increase of the 3D printing market. Nevertheless, the high cost of materials, limitation of size, and lack of standard process control are the top restraining factors for the industry.

"Industrial segment held larger share of market in 2016"

Industrial printers held a larger share of the 3D printer market in 2016 and are anticipated to continue with the same in nearest future. Increased deployment of the technology for prototyping and functional parts creation is anticipated to be the main driving factor for the rise of said the 3D printer market. Industrial printers are used in the aerospace and defense, automotive, energy, engineering for die casting, injection molding, and tool repair. On the other hand, the market of desktop segment forecasted to grow at a better compound annual growth rate during the estimate period due to the reduction in printer prices together with technological improvements, leading to their increasing deployment across the industries including education, consumer products, food and culinary, and printed electronics.

"Aerospace and Defense, Engineering, and Healthcare to hold important share of market"

Aerospace and defense, engineering, and healthcare verticals held a big share of the overall 3D printing market in 2016. Nevertheless, the consumer products and automotive verticals are anticipated to surpass the share of the healthcare vertical by 2023. The aerospace sector affords tremendous opportunity for 3D printing technologies and is anticipated to present a promising potential in the coming future. The stringent requirements including lightweight components, and accuracy and precision in the designs of airplane parts are the main factors fueling the 3D printing market for the aerospace vertical. The sector for the food and culinary, printed electronics, and education verticals are anticipated to grow at the leading Compound annual growth rate during the outlook period.

"North America (NA) to hold main market for 3D printing"

North America continent held the biggest share of the 3D printing market in 2016 and is anticipated to continue the trend in the upcoming future. 3D printing is used in the main US-based firms operating in the verticals including manufacturing, aerospace and defense, and healthcare, which is driving the North American 3D printing market.

In the process of finding out and checking the market value for various segments and sub-segments collected by the secondary research, extensive primary audit sessions have been managed with top industry experts in the 3D printing marketspace. The break-up of primary participants for the industry report has been shown below:

• By Company category: Tier 1 = 30.0 percent, Tier 2= 45.0 percent, and Tier 3 = 25.0 percent

• By Description: C-suite executives = 35.0 percent, Directors = 45.0 percent, and Others = 20.0 percent

• By Area: Americas = 45.0 percent, Europe (EU) = 30.0 percent, Asia Pacific (APAC) = 20.0 percent, and RoW = 5.0 percent

The report profiles the main actors in the 3D printing market with their respective market rank review. The main players decribed in this business report are Stratasys Ltd., 3D Systems Corporation, EOS GmbH, Materialise NV, SLM Solutions Group AG, Arcam AB, Concept Laser GmbH, The ExOne Company, Voxeljet AG, Proto Labs, Incorporated, Optomec Inc., ARC Group Worldwide, Incorporated, GROUPE GORGÉ, EnvisionTEC GmbH, Mcor Technologies Ltd., Beijing Tiertime Technology Co. Ltd., Renishaw plc, XYZprinting, Ultimaker BV, Koninklijke (DSM), Höganäs AB, taulman3D, Limited liability company, Nano Dimension, Carbon Inc., Markforged, Incorporated, and Cookson Precious Metals Ltd..

Segment Research

This market research classifies the overall 3D printing market based on offering, process, application, vertical, and area. The study depicts market forces that contain key market drivers, industry restraints, opportunities, and possibilities for the 3D printing market and forecasts the same till 2023.

The analysis would benefit competitors/new sector entrants in this sector in these ways:

1. This document breaks down the 3D printing market comprehensively and offers the closest market size projection for all sub-segments across different areas.

2. The market research benefits partners distinguish the pulse of the sector and offers them with the info on key market drivers, market restraints, opportunities, and alternatives for industry growth.

3. This industry report would benefit partners comprehend their players better and acquire additional insights to enhance their rank in the business sector. The competitive outlook section includes competitor landscape, product developments and launches, alliances, and mergers and acquisitions.

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