November 06, 2019
According to the latest study titled ‘Global 3D Printing (3DP) Market: Analysis By Technology (SLA, FDM, SLS, SLM, Others), By Use (Commercial, Personal), By Application (Aerospace and Defense, Automobile, HealthCare, Industrial, Consumer Products and Electronics, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023)’ available at MarketStudyReport.com, the global 3D printing market is estimated to grow substantially by the year 2024.
A prominently deployed process in the manufacturing sector, 3D printing usually involves the generation of a three-dimension oriented object with the addition of a material, layer-by-layer. The technology is gaining rapid traction across the industrial arena, given the convenience and clarity it offers. Rapid industrialization in emerging economies and the expansion of manufacturing sectors are propelling the growth of 3D printing market.
The study encompasses details about segmental shares, and expansion strategies adopted by manufacturers, alongside the challenges, drivers, trends, and restraints impacting the market growth.
Based on use type, the 3D printing market is segmented into personal and commercial. While based on technology type, the industry is divided into S.L.M, F.D.M, S.L.A, S.L.S, and others. Speaking of application spectrum, the 3D printing market is split into automobile, aerospace, industrial, healthcare, academic institution, government and military, consumer products, architectural and electronics.
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Considering the geographical landscape, the 3D printing market is fragmented into four major regions such as Europe, America, APAC, Middle East & Africa, with a key focus on countries like Canada, U.S., Mexico, Germany, Brazil, France, United Kingdom, Italy, rest of Europe, Japan, China, and India.
The key players of 3D printing market are 3D Systems, ExOne, Renishaw, Stratasys, EnvisionTec Gmbh, SLM Solutions, Optomec, Voxeljet, Materialise, and EOS. As per the report, these prominent 3D printing manufacturing companies are bringing about novel products that are more trustworthy and have long shelf life relying on the latest technologies.
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