Dublin, Sept. 24, 2020 (GLOBE NEWSWIRE) -- The "3D Printing Market - Global Outlook and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global 3D Printing Market Report
The 3D printing market by revenue is expected to grow at a CAGR of over 18% during the period 2019-2025.
The global 3D printing industry has been on a stable growth path over the last decade. 3D printing has opened a plethora of opportunities for mankind. It is permeating many industries and sectors, thereby creating ways to explore new products. The 3D printing market has been growing tremendously in the last decade, and it is witnessing investments by both public and private enterprises.
3D printing continues its industrialization journey despite the outbreak of the COVID-19 pandemic. It is supporting the battle against the COVID-19 pandemic. As many hospitals struggle to get critical medical supplies, this technology has emerged as a solution that enables a quick response to certain supply chain shortages. The agility offered by 3D printing can be useful not only during this pandemic. 3D printing materials for medical applications must be developed for medical environments, meaning that they must withstand high temperatures and be biocompatible. While such materials do exist on the 3D printing market, their variety is much lower than that of more common thermoplastics.
KEY QUESTIONS ANSWERED
1. What is the global 3D printing market size and growth rate during the forecast period?
2. What are the factors impacting the growth of the 3D printing market shares?
3. How is the growth of the industrial machinery segment influencing the growth of the 3D printing market trends?
4. Who are the leading vendors in the 3D printing market, and what is their market share?
5. What is the impact of the COVID-19 pandemic on the 3D printing market?
3D Printing Market Segmentation
The global 3D printing market research report includes a detailed segmentation by component, end-user, application, process, and geography. 3D printers have grown exponentially in recent years as they become cheaper, more efficient, and more capable. The demand for faster speed and higher printing reliability has driven manufacturers to shift their focus on metal 3D printing to production applications. The industrial 3D printing market is growing at a significant rate around the globe, particularly in developed economies as large manufacturers are likely to use this technology to reduce production costs. Electrics and electronics, food and beverage, aerospace, automobile, and healthcare are the main end-users of commercial printers.
The industrial machinery industry is the largest revenue-generating segment. The demand for 3D printing in this industry is growing as the industry is witnessing a slow shift toward efficient production techniques and optimum resource utilization. The UK and Switzerland are the leading countries in the overall manufacturing climate, followed by the US, Japan, and Canada due to their strategies, cost factors, labor contributions, and infrastructure.
INSIGHTS BY VENDORS
The 3D printing industry is growing, with new companies and investors investing in the market. The introduction of new 3D hardware printing firms has turned the market more dynamic, thus more profitable than ever.
The 3D printing market remains a diverse environment, with technology not generally interconnected around each of the core segments. Therefore, greater connectivity is required, which is an important prerequisite for 3D printing as a digital production technology. Businesses are adopting this technology as part of digital transformation strategies, as the COVID-19 pandemic threatens to impact processes and create supply chain shortages. Digitization provided by this technology will provide companies the efficiency and agility they need to fix supply chain challenges and change consumer demands.
Impact Of COVID 19
COVID-19 Impact On Global Trade
COVID-19 Impact On 3D Printing Market
Market Opportunities & Trends
Creating A More Sustainable Future With 3d Printing
Scalability From Rapid Prototyping To Production
Accelerated Growth Due To Evolution Of 3d Printing Software
Market Growth Enablers
Initiatives And Spending By The Government
Flexibility & Ease Of Developing Customized Products
Increasing Research & Development Activities
Lack Of Digital Infrastructure, Skill Set, And High Initial Investment
High Production Time And Lack Of Industrial Standards
3D Printing Effects On Environment
SLM Solutions Group AG
Other Prominent Vendors
Cookson Precious Metals (Cooksongold)
New Kinpo Group
Beijing Tiertime Technology
For more information about this report visit https://www.researchandmarkets.com/r/j5xe55
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