3D Printing market size is forecasted to be worth USD 28.23 Billion by 2027

3D Printing market size is forecasted to be worth USD 28.23 Billion by 2027, according to a new report by Emergen Research. that offers a comprehensive analysis of the Global 3D Printing Market that offers beneficial information to the users to offer an overview of the 3D Printing market.

The industry for 3D printing is witnessing a surge in demand as there is an increased application in consumer products, automotive, and medicals, among others. The reduction in errors and overall time and development cost, ease in manufacturing, and the ability to build very intricate tailored designs are driving the market growth.

The market is revolutionizing the industry with automation becoming a norm in manufacturing sectors. It will witness increased investment by manufacturing companies as it reduces cost by limiting the need for man force and can produce goods locally.

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Technological advancement has led to a lower cost in tools, materials, and technology, which have made manufacturing more feasible. It aids end users to prototype, design, and model structures, which is fostering the growth of the market. As the medical sector is embracing innovative technology to design prosthetics and rising investment by the government all over the world, the healthcare sector is augmenting the market demand.

Major Players Profiled in the Report:

• 3D Systems
• Stratasys
• GE Additive
• EOS GmbH
• Voxeljet
• SLM Solutions
• Hewlett Packard
• Optomec
• Mcor Technologies
• Protolabs

Some Key Highlights From the Report

• In the offering segment, ceramic material has various applications such as aerospace, biomedical, electronics, and automotive engineering due to their high medical strength, hardness, good thermal, and chemical stability. Moreover, research on bio-ceramics for application in bone implants are driving the demand for the segment.
• In the medical sector, 3D printing is used to make implants, scaffolds, surgical instruments, and prosthetics. The growing demand for advanced medical products and prosthetics are propelling the demand for the market.
• Digital fabrication technology has made 3D prototyping cost-effective and less time-consuming. A variety of materials can be used for the prototype application such as cheap PLA, durable nylon, impact-resistant ABS, and others. The prototyping application segment is forecasted to grow with a significant CAGR during the forecast period.
• Stereolithography or SLA printing is among the most common technology for 3D printing, and it helps in creating the most precise prototypes of extremely high quality and complex geometrical shapes. However, its printing takes a relatively long time.
• Material extrusion is used to speed up the fabrication process or open multi-material capabilities. A wide range of materials can be extruded, and the most popular one is thermoplastics such as Acrylonitrile Butadiene Styrene, PolyLactic Acid, High-Impact Polystyrene, Thermoplastic PolyUrethane, and aliphatic PolyAmides.

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Global 3D Printing Market Segmentation:

The market has been divided into types, applications, and regions. The report offers a growth analysis of each segment to provide an accurate calculation and forecast of sales in the time period 2020-2028. The analysis offers strategic insights that provide fruitful information to the readers to help them capitalize on the business offerings.

Market Segments

Offering Outlook (Revenue, USD Billion; 2017-2027)

• • Printer
    1. Desktop 3D Printer
    2. Industrial 3D Printer
  • Material
    1. Polymer
    2. Metal
    3. Ceramic
  • Software
    1. Design Software
    2. Scanning Software
    3. Pinter Software
    4. Inspection Software
  • Service

Process Outlook (Revenue, USD Billion; 2017-2027)

• • Material Extrusion
  • Material Jetting
  • Powder Bed Fusion
  • Vat Photopolymerization
  • Binder Jetting
  • Sheet Lamination
  • Directed Energy Deposition

Application Outlook (Revenue, USD Billion; 2017-2027)

• • Functional Part Manufacturing
  • Prototyping
  • Tooling

Industry Verticals Outlook (Revenue, USD Billion; 2017-2027)

• • Engineering
  • Aerospace and Defense
  • Consumer Products
  • Healthcare
  • Energy
  • Education
  • Printed Electronics
  • Architecture and Construction
  • Food and Culinary
  • Automotive
  • Jewelry

Global 3D Printing Market Regional Analysis:

North America dominated the market for 3D printing, and the United States have the highest adoption rate of the product. The region has various medium and small-sized manufacturers. The presence of a mature 3D printing market and adoption of advanced technology is spurring the demand for the product. The region held a market share of 36.5% in the year 2019.

The report also covers an in-depth analysis of the key geographical regions as well as their countries. It further covers radical insights about the key market players along with their company overview, total revenue, market share and size, price analysis, product portfolio, and strategic initiatives adopted by the companies.

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