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(Wireless-NewsWire.Com, March 14, 2018 ) The 3D Printing market size will grow from USD 8.55 Billion in 2017 to USD 31.68 Billion by 2023, at an estimated CAGR of 24.38%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The 3D printing market is expected to grow substantially due to the factors such as the ease of development of customized products, reduction in overall manufacturing costs, rising government investments in the 3D printing projects, upbringing of new and innovative printing materials, and rising interest from certain big companies such as GE (US), Liebherr Group (Switzerland), Diehl Aerosystems Holding GmbH (Germany), and BAE Systems (UK). The 3D printing market based on offering has been subsegmented into offering, which is further sub-segmented into printer (desktop and industrial), material (type: metal, plastic, ceramic, and other materials; and form: powder, liquid, and filament); service (custom design and manufacturing, and after-sales services); and software (design, inspection, scanning, and printing). On the basis of process, the market is segmented into powder bed fusion, material extrusion, vat polymerization, material jetting, binder jetting, directed energy deposition, and sheet lamination. Segmentation on the basis of application includes prototyping, tooling, and functional part manufacturing. The verticals considered for segmentation of the market include aerospace and defense, engineering, healthcare, consumer products, automotive, jewelry, education, energy, architecture and construction, printed electronics, food and culinary, and others. The 3D printer market for desktop segment is expected to grow at a higher rate owing to reduction in printer prices along with technological advancements, leading to their growing deployment across the education, consumer products, food and culinary, and printed electronics verticals.
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By Market Players:
Stratasys Ltd. , 3D Systems Corporation , Materialise NV , EOS GmbH , The Exone Company , Voxeljet AG , Arcam Group , SLM Solutions Group AG. , Envisiontec GmbH , Proto Labs, Inc. , MCOR Technologies Ltd. , Optomec Inc. , Concept Laser GmbH , Groupe Gorgé , Ultimaker BV , Renishaw PLC. , Beijing Tiertime Technology Co., Ltd. , Xyzprinting , ARC Group Worldwide, Inc. , Höganäs AB
By 3D Printing Material
Plastic, Metal, Ceramic, Other Materials,
By Form
Filament, Powder, Liquid, ,
By Software
Design, Inspection, Printing, Scanning,
By Process
Binder Jetting , Direct Energy Deposition , Material Extrusion , Material Jetting , Powder Bed Fusion
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