Skip to main content

Why 3D Printing Market is Becoming Increasingly Popular in the Healthcare & Automotive Industry?



3D printing, also referred to as additive manufacturing, is a combination of processes used to produce three-dimensional objects from 3D models or other electronic data sources. In the case of 3D printing, numerous layers of different kinds of printing materials are formed under machine control to create a 3-dimensional object. The 3-dimensional images can be of varied shapes or geometries and can be created with computer-aided design packages or 3D scanners. 3D printing as an end-use manufacturing technology is still at an infancy stage but in the years to come, with the combination of various innovative technologies, it is expected to display the tremendous potential to transform many designs, production, and logistics processes. Although 3D printing showcases an upward trend and is beyond expectations, it will require much more time to reach mass adoption level, hence signaling that mainstream adoption is expected to take off. As per the report published by UnivDatos Market Insights (UMI), the Global 3D Printing Market is anticipated to reach the market valuation of US$ 34,800.0 Million by 2025 expanding at a consistent CAGR of 12% during the forecasted period (2019-2025).

Products, materials, services paired with 3D printing technologies and applications are the major 3D printing technology segments analyzed during the forecast period. The benefits of 3D printing technology can be witnessed among various industrial verticals wherein the adoption of additive technology has been the game-changer for end-user industries ranging from manufacturing, healthcare, consumer, automotive to education. In 2018, the product segment dominated the global 3D printing market and is estimated to derive the revenue sales of US$ 6,336.0 million by 2019. Under the technology segment, fused deposition modeling is projected to witness the rapid expansion throughout the forecast period, credited to its user-friendly characteristics and growing awareness among the consumers. Moreover, 3D printing applications as direct manufacturing technologies have further brought wider disruption. Among applications, functional parts production is gaining prominence in the global 3D printing technology landscape.

Request for Sample of the report -https://univdatos.com/request_form/form/199

Dramatic uptake in investments with respect to product and development in 3D solutions, regulatory support, and growing manufacturing sector has considerably influenced the growth prospects of 3D printing technology globally. Moreover, as the technology has successfully transmitted to the phase of reaching the top of the plateau of productivity, the healthcare sector has turned itself to 3D techniques to design surgical guides, orthopedic devices, and medical implants. For instance, the booming concept of dental 3D printing and the launch of dental labs has completely revolutionized 3D printing technology in the healthcare sector, hence, displaying promising advancements in medical and dental fields.

Unique variations of 3D printing technology are bifurcated extensively into components, technologies, applications, and end-user industries. Determined by component type, the product market is bifurcated into industrial and personal 3D Printers. The industrial 3D printer segment has fetched revenues of US$ 4,169.3 million in 2018. While among polymer, plastics, metal and alloys, and ceramics; polymers segment is anticipated to witness rapid adoption while ceramic material is predicted to witness the highest CAGR growth of 13.6% throughout the forecast period. Moreover, custom design & manufacturing dominated the service segment of the 3D printing market in 2018. Additionally, based on technology type, 3D printing is segmented into fused deposition modeling, selective laser sintering, stereolithography, electron beam melting, and laminated object manufacturing technologies. In 2018, fused deposition modeling dominated the market with maximum share. Among various 3D applications such as functional parts, fit and assembly, prototype modeling, education, metal casting, visual aids, and presentation modeling; functional parts captured the majority of the market share in 2018. Furthermore, the manufacturing sector dominated the end-user industry segments of the global 3D printing technology market, with a market size of US$ 2,649.6 million.

Browse Complete Report with TOC @ 3D Printing Market 

Additionally, for better investigation and penetration of 3D printing solutions; the report provides detailed analysis of the global 3D printing technology market into distinct region and countries including North America (U.S., Canada, Mexico and Rest of North America), Europe (Russia, Germany, France, U.K., Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific), Latin America (Brazil, Argentina, Chile and Rest of Latin America) and Middle East and North Africa( UAE, Saudi Arabia, Kuwait,, Qatar, Algeria, Egypt and rest of Middle East and North Africa). In 2018, North America dominated the global 3D printing technology market with the United States holding the lead share in the region, owing to its matured manufacturing sector paired with first-mover advantage in the technological advancement space. Moreover, Asia-Pacific and MENA regions are anticipated to showcase drastic advancement throughout the forecast period owing to the numerous players foraying into the 3D technology, strong expertise in 3D printing technology, favorable government policies and surging expenditure on 3D solutions.

Some of the key players operating in the global 3D Printing market include 3D Systems Corporation, Arcam AB, Royal DSM NV, Stratasys Ltd, Autodesk Inc., ExOne Company, Hoganas AB, Organovo Holdings Inc., Mcor Technologies Ltd, and Voxeljet AG. Consistent objective to enhance their existing portfolios, expand their customer base and strengthen their market position through partnerships and collaborations, product innovations have influenced the market potential on a global scale.

Global 3D Printing Market Segmentation
Market Insight, by Component

Product Component
Industrial Printer
Desktop Printer
Material Component
Polymer
Plastic
Metal & Alloy
Ceramic
Other Materials
Service Component
Custom Design and Manufacturing
After Sales Services

Market Insights, by Technology
Stereolithography
Selective Laser Sintering
Electron Beam Melting
Fused Deposition Modelling
Laminated object Manufacturing
Other Technologies

Market Insights, by Application
Education/Research
Visual Aids
Presentation Modeling
Fit and Assembly
Prototype Tooling
Metal Casting
Functional Parts Production
Other

Market Insight, by Industrial Vertical
Education/Research
Automotive
Aerospace & Defense
Healthcare
Consumer Goods
Manufacturing
Construction
Other Verticals

Market Insight, by Geography

North America 3D Printing Market
United States
Canada
Mexico
Rest of North America

Europe 3D Printing Market
Germany
France
The U.K.
Russia
Italy
Spain
Rest of Europe

Asia-Pacific 3D Printing Market
China
Japan
India
South Korea
Singapore
Taiwan
Rest of APAC

MENA 3D Printing Market
UAE
Saudi Arabia
Kuwait
Qatar
Algeria
Egypt
Rest of MENA

Latin America 3D Printing Market
Brazil
Argentina
Chile

Top Companies Profiled
3D Systems Corporation
Arcam AB
Royal DSM N.V.
ExOne GmbH
Autodesk, Inc.
Stratasys Ltd.
Hoganas AB
Ponoko Limited
Mcor Technologies Limited
Optomec, Inc.

Feel free to contact us for any queries -https://univdatos.com/request_form/form/199

The 3D Printing market can be customized for different region globally and at country level as well. Besides this, UnivDatos Market Insights (UMI) understands that you may have your own business need, hence we also provide fully customized solutions to clients.

WEARABLE MEDICAL DEVICE MARKET Worth US$ 25,101.5 Million with Huge CAGR of 18.29% During 2019-2025

Japan healthcare robotics Market - Industry Analysis, Size, Share, Growth, Trends & Forecast 2019-25

Healthcare 3D Printing Market — Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019–2025

Artificial Iris Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025

Contact Us
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
Web- www.univdatos.com 


Comments

Popular posts from this blog

Renewable Energy Certificate Market: Analysis by Size, Share, Growth, Trends & Forecast 2030

  Renewable Energy Certificates: Powering a Sustainable Future The Renewable Energy Certificate (REC) market is surging, expected to reach a value of USD 87.2 billion by 2030 at a CAGR of 26.39%. This growth is fueled by a global shift towards clean energy: Government Policies: Governments worldwide are implementing policies and incentives to promote renewable energy and RECs as a way to achieve sustainability goals. Climate Change Concerns: Growing awareness of climate change is driving demand for cleaner energy sources and RECs as a way to offset carbon footprints. Technological Advancements: Advances in renewable energy technology have made it more cost-effective, reducing REC prices and making them a viable option for businesses and consumers. Sustainability-Conscious Consumers: Consumers are increasingly seeking products and services that align with their eco-friendly values, boosting the voluntary REC mar...

Offshore Hydropower Market: Analysis by Size, Share, Growth, Trends & Forecast 2030

  Harnessing the Ocean's Power: Offshore Hydropower Market Poised for Growth The offshore hydropower market is experiencing a surge, projected to reach a value of USD 6.2 billion by 2030 at a CAGR of 7.5%. This growth is driven by a global push for clean energy solutions: Combating Climate Change: Fossil fuels are a major culprit behind climate change. Offshore hydropower offers a clean alternative with minimal carbon footprint during operation. Sustainable Energy Future: By harnessing the vast power of the ocean tides and waves, this technology can play a crucial role in a sustainable energy future. Limited Freshwater Resources: Traditional hydropower dams are geographically restricted. Offshore hydropower offers a solution for island nations and countries with limited freshwater resources. Unlock Insights: Receive a Sample Research Report on the Offshore Hydropower Market: https://univdatos.com/get-a-free-sample-form-p...

Tire Derived Fuel Market: Analysis by Size, Share, Growth, Trends & Forecast 2030

  Used Tires Get a Second Life: Tire-Derived Fuel Market Driven by Sustainability and Waste Reduction The tire-derived fuel (TDF) market is gaining traction as a sustainable solution for managing a growing global waste problem – used tires. Expected to reach USD 4.4 billion by 2030 at a CAGR of 4.6%, this market is driven by several key trends: Environmental Benefits Take Center Stage Waste Reduction: Stockpiling used tires in landfills takes up valuable space and poses environmental hazards. TDF offers a way to transform this waste into a usable fuel source, promoting a circular economy. Sustainable Alternative: Fossil fuel dependence is a major environmental concern. TDF offers a greener alternative with lower sulfur oxide emissions compared to coal, contributing to cleaner air. Unlock Insights: Receive a Sample Research Report on the Tire Derived Fuel Market: https://univdatos.com/get-a-free-sample-form-php/?product_id=57098 Asia ...