3D Printing Market to Hit $16 Billion by 2023

  • Since the introduction of 3D printing technology in 1984, the technology is steadily becoming popular and is expected to gain substantial traction in the coming years.
  • End-users are still hesitant in shifting towards 3D printing for large scale manufacturing which may challenge the market growth.
  • The technology is expected to expand exponentially in the coming years.

The global 3D printing market stood at $4.83 billion in 2015 and is estimated to expand with a CAGR of 15.3% to $16 billion by 2023, according to a new market research report published by Credence Research “3D Printing  Market.”

The complete report is available: (Polyjet, Stereolithography (SL), Fused Deposition Modelling (FDM), Electron Beam Melting, Selective Laser Sintering (SLS), Others) – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023.”

3D printing, also called as additive manufacturing, refers to a process of making three-dimensional (3D) solid objects using a digital model. In 3D printing, the object is prepared by placing down successive layers of material. Since the introduction of 3D printing technology in 1984, the technology is steadily becoming popular and is expected to gain substantial traction in the coming years. Till date, the 3D printing technology is used in various applications such as jewelry, consumer goods, industrial design, aerospace, construction, automotive, healthcare, geographic information systemsand others. The technology is, however, used majorly for prototyping and marketing purposes. End-users are still hesitant in shifting towards 3D printing for large scale manufacturing which may challenge the market growth.

Download Sample research report with TOC and Figures

The 3D printing market is majorly driven by the superior advantages of the technology as compared to the traditional (subtractive) manufacturing. Some of the most significant advantages observed of using 3D printing technology are listed below:

  • Efficient use of raw materials with minimal wastage
  • Easy customization of the desired end-products
  • Reduced output time
  • Less error possibility

Additive manufacturing offers better overall efficiency as compared to the traditional manufacturing processes. As a result, the technology is expected to expand exponentially in the coming years.

Competitive Insights:

The global 3D printing market is highly fragmented in nature with large number of players striving to establish their remarkable presence in the market. The companies operating in the market compete primarily on the basis of technology, ease of process and providing a full suite of products and services. The market comprises various technologies that are designed for specific applications. Thus, no company has established monopoly in the overall market over the period of time. Nevertheless, with various tech giants such as Google, Inc., Hewlett-Packard (HP) Company, Lenovo Group Ltd. and others, the market is expected to emerge highly competitive in the coming years. Major companies plan to expedite their operation in the 3D printing segment from the year 2016 onwards.

Key Trends:

  • 3D printing for manufacturing end-use products rather than simply prototyping
  • Focus on gaining expertise in different 3D printing technologies
  • Acquisition of other players for strengthening technological position as well as global presence
  • Focus on specific applications such as residential, automotive and healthcare

Do inquiry before purchase the Industry Research Report

TOC :

Chapter 4 Global 3D Printing Market Analysis, by Technology
4.1 Market Analysis
4.2 Global PolyJet 3D Printing Market Revenue, 2014 – 2023, (US$ Mn)
4.3 Global Stereolithography 3D Printing Market Revenue, 2014 – 2023, (US$ Mn)
4.4 Global FDM 3D Printing Market Revenue, 2014 – 2023, (US$ Mn)
4.5 Global EBM 3D Printing Market Revenue, 2014 – 2023, (US$ Mn)
4.6 Global SLS 3D Printing Market Revenue, 2014 – 2023, (US$ Mn)
4.7 Global Other 3D Printing Technologies Market Revenue, 2014 – 2023, (US$ Mn)

Chapter 5 Global 3D Printing Market Analysis, by Application
5.1 Market Analysis
5.2 Global 3D Printing Market Revenue for Electronics & Consumer Products, 2014 – 2023, (US$ Mn)
5.3 Global 3D Printing Market Revenue for Healthcare, 2014 – 2023, (US$ Mn)
5.4 Global 3D Printing Market Revenue for Automotive, 2014 – 2023, (US$ Mn)
5.5 Global 3D Printing Market Revenue for Industrial, 2014 – 2023, (US$ Mn)
5.6 Global 3D Printing Market Revenue for Aerospace, 2014 – 2023, (US$ Mn)
5.7 Global 3D Printing Market Revenue for Construction, 2014 – 2023, (US$ Mn)
5.8 Global 3D Printing Market Revenue for Defense, 2014 – 2023, (US$ Mn)
5.9 Global 3D Printing Market Revenue for Others, 2014 – 2023, (US$ Mn)

Chapter 6 Global 3D Printing Market Analysis, By End-user
6.1 Market Analysis
6.2 Global 3D Printing Market for Commercial, 2014 – 2023, (US$ Mn)
6.3 Global 3D Printing Market for Personal, 2014 – 2023, (US$ Mn)

Chapter 7 North America 3D Printing Market Analysis
7.1 Overview
7.2 North America 3D Printing Market Analysis, By Technology, 2014 – 2023
7.2.1 SRC Analysis
7.3 North America 3D Printing Market Analysis, By Application, 2014 – 2023
7.3.1 SRC Analysis
7.4 North America 3D Printing Market Analysis, By End-user, 2014 – 2023
7.4.1 SRC Analysis
7.5 North America 3D Printing Market Analysis, By Region, 2014 – 2023
7.5.1 SRC Analysis

Chapter 8 Europe 3D Printing Market Analysis
8.1 Overview
8.2 Europe 3D Printing Market Analysis, By Technology, 2014 – 2023
8.2.1 SRC Analysis
8.3 Europe 3D Printing Market Analysis, By Application, 2014 – 2023
8.3.1 SRC Analysis
8.4 Europe 3D Printing Market Analysis, By End-user, 2014 – 2023
8.4.1 SRC Analysis
8.5 Europe 3D Printing Market Analysis, By Region, 2014 – 2023
8.5.1 SRC Analysis

Chapter 9 Asia Pacific 3D Printing Market Analysis
9.1 Overview
9.2 Asia Pacific 3D Printing Market Analysis, By Technology, 2014 – 2023
9.2.1 SRC Analysis
9.3 Asia Pacific 3D Printing Market Analysis, By Application, 2014 – 2023
9.3.1 SRC Analysis
9.4 Asia Pacific 3D Printing Market Analysis, By End-user, 2014 – 2023
9.4.1 SRC Analysis
9.5 Asia Pacific 3D Printing Market Analysis, By Region, 2014 – 2023
9.5.1 SRC Analysis

Research Analysis

Sheer Analytics and Insights as firm is created to balance between client requirements without compromising the core values of Market research in –terms of quality, factual correctness, market awareness and analysis. SAI goes back to the root of Market Research in terms of TAM (Total Available Market) and PAM (Potential Available Market) and assess the same quantifying all Push and Pull factors.


https://www.sheeranalyticsandinsights.com/

Leave a Reply