Global 3D Printing Market has been projected to observe a solid double-digit CAGR between 2019 and 2029 | Future Market Insights

Future Market Insights, Dubai: Global
3D printing market
is set to witness seven-fold expansion, with revenues projected to see a
double-digit CAGR during 2019-2029. As projected by a new report of Future
Market Insights (FMI), leading market players are investing in adoption of vat
polymerization and selective laser sintering processes in a bid to reduce
processing time and achieve greater accuracy.

“Manufacturers operating in the automotive, aerospace,
manufacturing, and healthcare industries are actively procuring 3D printing
technologies. Demand will further increase with rise in the adoption of smart
products, leading to the introduction of complex designed solutions,”
states the FMI report.

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3D Printing Market: Key Findings

  • Fused
    filament fabrication technology continues to be a trend in production of prototypes
    and end-use parts.
  • Entry level
    3D printers are recording high deployment owing to better technical awareness
    and affordable pricing.
  • Material
    extrusion remains preferred technology; vat polymerization and selective laser
    sintering will emerge highly lucrative.
  • Developed
    regions will remain at the forefront of 3D printing market; Eastern Europe and
    Latin America display strong growth potential.

3D Printing Market: Key Driving Factors

  • Accelerated
    adoption of 3D printing in architecture and aerospace will propel market growth.
  • The integration
    of Artificial Intelligence (AI) with 3D printing systems is enabling flexibility
    and precision, thereby fueling demand.  
  • Reduced
    developmental costs and quick turnaround time remain major market growth
    drivers.
  • The trend of
    customization will be a strong factor driving the growth of 3D printing market.
     
Global 3D Printing Market Forecast 2019-2029

3D Printing
Market – Key Restraints

  • High costs associated
    with 3D printing and inadequacy of skilled workmanship remain key impediments to
    market growth.
  • Compatibility
    restrictions associated with select materials will limit the growth of 3D
    printing industry.

Competition
Landscape of 3D printing Market

Some of the key players in the global 3D printing landscape that
are covered in this study include, but are not limited to, 3D Systems,
VoxeljetAG, Arcam AB, Ponoko Ltd., Autodesk Inc., Organovo Holdings Inc., and The
ExOne Company. Leading manufacturers are focused on using partnerships and
collaborations with regional players and raw material suppliers. Manufacturers
are also pushing to bring in tech advancements, while cutting prices to enhance
accessibility of 3D printing services.

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3D Printing Market Taxonomy

Level Technology Vertical Region
Entry-level Material Extrusion Automotive North America
Hobbyist Material Extrusion Aerospace Latin America
Enthusiast Selective Laser Sintering Industrial/Business Western Europe
Professional Material Jetting Consumer Electronics Eastern Europe
Industrial Binder Jetting Medical Asia Pacific excluding Japan
  Others Research and Academia Japan
    Government/Military Middle East & Africa

More About the Report

This Future Market Insights study of 300 pages offers actionable insights on the 3D printing market. The market analysis is based on level (entry-level, hobbyist, enthusiast, professional, and industrial), technology (material extrusion, vat polymerization, selective laser sintering, material jetting, binder jetting, and others), vertical (automotive, aerospace, industrial/business, consumer electronics, medical, research & academia, government/military, architecture, and others) across seven regions (Latin America, North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and MEA).

About Future
Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

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United Arab Emirates
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Report Source: https://www.futuremarketinsights.com/reports/3d-printing-market
Press Release Source: https://www.futuremarketinsights.com/press-release/3d-printing-market

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