Industrial 3D Printing Market Is Estimated To Expand At A Healthy CAGR In The Upcoming Forecast Period
The global industrial 3D printing market is witnessing significant growth due to increasing demand for accuracy and speed in printing, and introduction of new materials for 3D printing. Some of the other factors driving the global industrial 3D printing market are increased spending by several manufacturers on research and development activities, growing demand from end user industries, and enhanced regulatory support provided by different governments.
Increasing adoption of 3D printing technology in aerospace, automotive, consumer goods and healthcare industries are supporting the demand for 3D printing. Automotive industry is the largest end user segment of the global industrial 3D printing market and is expected to witness high growth during the forecast period.
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The industrial 3D printing technology provides good opportunity to enhance the potential of manufacturing and supply chain management. The 3D technology helps in consolidating various components into a single product, and managing inventory complexity for industries.
The healthcare industry is another key end user of industrial 3D printing. The industrial 3D printing technique in healthcare industry caters to the demand of personalized medical devices, prosthetics and implants.
The industrial 3D printing is used for manufacturing, tooling and repairing heavy equipment, machinery and robotics in the industries such as aerospace and defense, electrical, food and beverage, jewelry and healthcare.
Geographically, North America is the largest market for industrial 3D printing, owing to the higher usage in aerospace and defense, industrial manufacturing, and health care companies. Also continuous technological up gradation and financial support from the government is supporting the growth of the North American market.
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Some of the key players in the global market are 3D Systems Corporation, Stratasys Ltd., The ExOne Company, voxeljet AG, Arcam AB, EOS Holding GmbH, EnvisionTEC GmbH, Materialise NV and Sciaky Inc.
Global Industrial 3D Printing Market Segmentation
- By Technology
- Stereo Lithography
- Selective Laser Sintering
- Electron Beam Melting
- Fused Deposition Modeling
- Laminated Object Manufacturing
- Others
- By Material
- Polymers
- Photopolymer
- Thermoplastic
- Acrylonitrile Butadiene Styrene
- Polylatic Acid
- Polyvinyl Alcohol
- Polyethylene
- Nylon
- Metals
- Titanium
- Graphene
- Gold
- Silver
- Alumide
- Steel
- Ceramics
- Others
- Paper
- Porcelain
- Edible Materials
- Clay
- Polymers
- Market by Application
- Consumer Products
- Industrial Products
- Defense
- Aerospace
- Automotive
- Healthcare
- Others
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