About 3D Printing-
3D printing, also recognized as additive manufacturing, is a method for producing three-dimensional objects through the incremental addition of material in layers, following a digital model. In Contrast to conventional subtractive manufacturing technique that involve removing material to shape an object 3Dprinting builds up the final product layer by layer. Utilizing a computer –aided design model, the 3D printer precisely deposits successive layers of materials like plastics, metal, or others substances ultimately resulting in the creation of the desired object. The 3D printing market is thriving due to an escalating demand for customization and personalization across diverse industries, coupled with the cost-efficiency derived from minimized material waste and decreased production costs, particularly for intricate or limited –volume designs. The Market is bolstered by rapid prototyping capabilities, ongoing technological enhancements enhancing printing speed and precision, and the increasing adoption of 3D printing in medical applications the sector contends with constraints such as material limitations, the complexity of ensuring consistent and high-quality prints, regulatory obstacles
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global 3d printing market is fragmented. The global 3d printing market size is growing with a continual supply of new competitors. Industry 4.0 is the union of cutting-edge manufacturing and production methods with clever digital technology. It has inflected the emerging trends in the 3D printing market as a crucial element in this movement creating sufficient demand prospects for global and regional market Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global 3D Printing- market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Stratasys Ltd (Israel), 3D Systems Corporation (United States), EOS GmbH (Germany), General Electric Company (United States), Sisma SPA (Italy), ExOne Co. (United States), SLM Solutions Group AG (Germany), Proto Labs Inc. (United States), Hewlett Packard Inc. (United States), Nano Dimernsion Ltd (United States) and Ultimaker BV (Netherlands) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are 3DPX (United States), 3Space (United States), 3 D Accuracy LLC (United States) and 3D Central (United States.
Segmentation Overview
AMA Research has segmented the market of Global 3D Printing- market by , Application (Consumer Electronic, Industrial, Aerospace, Automotive, Healthcare, Defense, Education and research and Others) and Region.
On the basis of geography, the market of 3D Printing- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology Type, the sub-segment i.e. Selective Laser Sintering will boost the 3D Printing- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal will boost the 3D Printing- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing adoption of metal 3D printing for aerospace, automotive, and healthcare applications and Growing trend towards mass customization, allowing consumers to personalize products
Market Growth Drivers:
Growing demand for customized and personalized product across various industries and 3D printing reduces material waste and lowers production costs, especially for complex or low volume designs
Challenges:
Shortage of skilled professionals with expertise in 3D Printing technologies and Challenges in Scaling up 3D printing processes for mass production
Restraints:
Ensuring consistent and high-quality prints, especially in large-scale production and Lack of standardized regulations for 3D printing across industries and regions
Opportunities:
3D printing can contribute to building resilient and decentralized supply chains and Growing Opportunities in aerospace for lightweight and complex components
Market Leaders and their expansionary development strategies
In September 2023, 3D Systems has announced that it has delivered a signer merger agreement to Stratasys, substantially in the form shared with the Stratasys Board. The agreement will now be filed on Form 8-K with the SEC by 3D Systems. The company also filed a presentation with the SEC 'articulating the value' in a Stratasys/3D Systems combination compared to a Stratasys/Desktop Metal combination.
In August 2023, Anker Innovations unveiled its latest offering, the Anker Make M5C 3D printer. This innovative product introduces a range of customization features, allowing users to configure single-click, double-click, and long-press actions directly through its dedicated application. Interested buyers can conveniently purchase the Anker Make M5C 3D printer on both Amazon and the official website of the company in the United States.
Key Target Audience
Providers, Suppliers, Manufactures and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.