The Multi Jet Fusion 3D Printing Technology market is estimated to be valued at US$3,702.422 million in 2024. Multi Jet Fusion (MJF) is a 3D printing technology which utilizes a fine-grained material, allowing for ultra-thin layers, allowing for high density and low porosity, and a smoother surface. In addition, it is one of the fastest 3D printing technologies available which is projected to shoot its demand during the forecast period. Furthermore, the technology utilizes a low-cost material, allowing for a more economical production, making it ideal for prototyping and mechanical tests, thus positively impacting the demand for this technology. However, the availability of multiple other technologies is estimated to hinder the demand for MJF 3D printing technology during the next five years.
The Multi Jet Fusion 3D Printing Technology Market – Forecasts from 2019 to 2024 is an exhaustive study presenting 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, end-user, and geography.
The global Multi Jet Fusion 3D printing technology market has been segmented by component, end-user, and geography. Based on component the market has been segmented into hardware, software, services, material. By end-user, the market has been classified into healthcare, automotive, aerospace and defense, and others.
Geographically, North America and Europe are estimated to hold a significant share of the market and are estimated to show good growth in the coming years on account of the early adoption of technology and availability of key market players. Moreover, Asia Pacific is also projected to show multiple growth opportunities owing to the increasing adoption of 3D printing technologies in the manufacturing industry in budding economies such as India and China.
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 global Multi Jet Fusion 3D printing technology 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 global Multi Jet Fusion 3D printing technology market.
|Market size value in 2024||US$3,702.422 million|
|Growth Rate||CAGR of during the forecast period|
|Forecast Unit (Value)||USD Million|
|Segments covered||Component, End-User, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||HP Development Company, L.P., Materialise, Stratasys Ltd., Proto Labs Inc., Sculpteo|
|Customization scope||Free report customization with purchase|