Summary

The 3D Printing Market is expected to grow at a strong CAGR of 25.9% during the forecast period owing to the growing digitalization and increasing adoption of industry 4.0, robotics, and machine learning. Moreover, the increasing demand for 3D printing is also driven by its long-term cost-effectiveness, customization, speed, flexibility, and sustainability. As technology continues to improve and new applications are discovered, the demand for 3D printing is likely to continue to grow. 3D printing allows for the creation of unique and customized products, which is particularly appealing to consumers who want personalized items. Further on, 3D printing allows for the production of complex shapes and geometries, which can be difficult or impossible to achieve using traditional manufacturing methods. Also, it can reduce waste and the carbon footprint of production, as it only uses the exact amount of material needed to produce a given object.

Some of the major players operating in the market include Stratasys; Materialise; ENVISIONTEC US LLC; 3D Systems, Inc.; GENERAL ELECTRIC; Autodesk Inc.; Canon Inc.; voxeljet AG; HP Development Company, L.P.; and ExOne. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst technology, the fuse deposition modelling segment held a prominent share of the market in 2021”
By technology, the market is segmented into fuse deposition modelling, selective laser sintering, material jetting, stereolithography, and metal sintering. The fuse deposition modelling segment captured more than 50% share of the 3D Printing market in 2021 owing to the extensive adoption of the technology across various 3D printing processes. Further, the growing demand from aerospace and defense, healthcare, and automotive verticals would open opportunities for the adoption of these technologies.

“Amongst application, the functional model application held a prominent share of the market in 2021”
On the basis of application, the market is classified into direct part production, fit and assembly, functional models, and others. The functional model application held a commendable share of the 3D printing market in 2021 and is expected to grow at a substantial CAGR during the forecasted period due to the rising adoption of the functional modelling process across several industry verticals. The automotive and aerospace and defense verticals particularly use functional models to design and develop parts, components, and complex systems precisely.

“North America dominated the market in 2021”
3D printing technology has gained vastly in prominence over traditional manufacturing methods in North America due to its efficiency and high precision rate. Considering the rapid growth prospects of the region in every aspect, the region continued to dominate the 3D industry in terms of market share in 2021. Furthermore, the growth in the region can also be attributed to efficient utilization of materials, time and cost efficiency, the drastic surge in customization of 3D solutions, and burgeoning technical upgradation coupled with the region’s economic potential to make consistent investments in emerging economies.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global 3D printing market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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