3D Printing Market - Forecasts From 2019 To 2024

Description

The 3D printing market is projected to grow at a CAGR of 27.59% to reach the market size of US$39.640 billion by 2024 from US$9.190 billion in the year 2018. 3D printing is a process of making three dimensional solid objects from a digital file using a 3D printer. The rapid growth of industries like consumer electronics, healthcare and automotive among others and increasing focus of industry players towards reducing costs is steering them towards advanced technologies which can streamline the development process while helping them improve their profit margins are driving the market for 3D printing. Heavy investments by major market players into research and development are speeding up technological advancements. As technologies become more advanced and more new and innovative products enter the market, their adoption can be expected to increase significantly both among professionals and hobbyists, further fueling the market growth. 

The 3D Printing Market study presents the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by component, technology, end-user, and geography.  

The 3D printing has been segmented by component, technology, and geography. Based on component the market has been segmented into hardware, software, services, and material. By technology, the market has been classified into vat photopolymerization, metal extrusion, material jetting, binder jetting, direct energy deposition, powder bed fusion, and sheet lamination. On the basis of end-user, the market is segmented as healthcare, automotive, aerospace and defense, construction, and others.

Geographically, the 3D North America holds a substantial share in the global market on account presence of a large number of players in the U.S. Being the early adopter of new technology, Europe also projected to hold a significantly large share in this market. The market growth in this region is mainly attributed to the upswing being observed on account of demand for these printers from end-user industries like healthcare, automotive, and consumer electronics among others.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these regions present for the manufacturers and the service providers. 

Major players in the 3D printing market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the 3D printing market.

Segmentation

The 3D printing market has been analyzed through the following segments: