According to IMARC Group’s latest report, titled “3D Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 16 Billion in 2021. Three-dimensional (3D) printing is a process wherein materials, such as polymers, metals, and ceramics, are added layer-by-layer to form 3D objects. It relies on a computer-generated design that makes less material wastage and reduces the overall cost of production. Nowadays, it is gaining widespread adoption in the production of intricate designs, such as maquettes and replicating ancient artifacts in archaeology, over conventional printing technologies.
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3D Printing Market Trends:
Rising sales of vehicles due to rapid urbanization and increasing spending capacity of individuals represent one of the key factors positively influencing the employment of 3D printing in the automotive industry worldwide. It assists in reducing weight, improving performance, and increasing the fuel efficiency of automobiles. Moreover, it finds application in the healthcare industry for complex bioprinting and producing personalized prosthetics. It is also used in reconstructing bones and body parts in forensic pathology. Apart from this, the escalating demand for personalized consumer products, such as toys, shoes, decorative items, and jewelry, is anticipated to bolster the market growth. Looking forward, IMARC Group expects the 3D printing market to reach US$ 57.1 Billion by 2027, exhibiting at a CAGR of 24.1% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
- Stratasys
- 3D Systems
- Materialise
- EOS GmbH
- Ge Additive
- Exone
- Voxeljet
- HP
- SLM Solutions
- Envisiontec
- Protolabs
- Mcor Technologies
- Optomec
- Groupe Gorgé
- Ultimaker
- Renishaw
- Beijing Tiertime Technology
- Xyzprinting
Key Highlights of the Market Segmentation:
Breakup by Technology:
- Stereolithography
- Fused Deposition Modeling
- Selective Laser Sintering
- Electron Beam Melting
- Digital Light Processing
- Others
Breakup by Process:
- Binder Jetting
- Directed Energy Deposition
- Material Extrusion
- Material Jetting
- Powder Bed Fusion
- Sheet Lamination
- Vat Photopolymerization
Breakup by Material:
- Photopolymers
- Plastics
- Metals and Ceramics
- Others
Breakup by Offering:
- Printer
- Material
- Software
- Service
Breakup by Application:
- Prototyping
- Tooling
- Functional Part Manufacturing
Breakup by End-User:
- Consumer Products
- Machinery
- Healthcare
- Aerospace
- Automobile
- Others
Breakup by Region:
- Europe
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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