July 30, 2020
According to the research report titled ‘Global 3D Printing (3DP) Market: Analysis By Technology, By Use, By Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2013-2023)’ available with Market Study Report LLC, global 3D printing market is anticipated to grow significantly over the period of 2018-2023.
According to the report, advancements in manufacturing industries along with rapid urbanization of developing countries has augmented the demand for 3D printing solutions, which is in turn is a major factor driving the market growth. Swift industrialization is also boosting the expansion of global 3D printing industry. Increasing technological breakthroughs have allowed for development of faster printing processes as well as improved the printing material’s quality and variety, which in turn is stimulating the industry outlook.
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Favorable government initiatives which promote the expansion of construction sector along with growing demand for 3D printing solutions for infrastructural development are favoring the overall market outlook. Additionally, numerous leading companies are focusing on developing advanced products with better lifecycle and reliability, thereby fueling the 3D printing market size.
In terms of application, global 3D printing market is bifurcated into consumer products and electronics, healthcare, automobile, aerospace, architectural, and industrial. Elaborating on the user type, the industry is split into commercial and personal segments.
With regards to technology, global 3D printing industry is bifurcated into multi jet modeling, selective laser sintering, fused deposition modeling, and stereolithography.
According to the regional analysis, global 3D printing market is divided into Asia-Pacific, Middle East & Africa, Americas, and Europe. The country-level fragmentation of the market includes India, Japan, China, United Kingdom, Italy, U.S., France, Germany, Brazil, Mexico, and Canada among others.
Notably, the research report on global 3D printing market offers vital data regarding the overall potential of the industry. It provides statistics and information regarding the growth factors, market shares and its size which further helps decision makers while evaluating investments.
The key participants in global 3D printing industry include Materialise NV, EOS GmbH, Optomec Inc., Voxeljet AG, EnvisionTEC, SLM Solutions Group AG, Renishaw Plc, Stratasys Ltd, ExOne and 3D Systems among others.