Envision Report

Published February 6, 2018

3D Printing Market – Size, Outlook, Trends and Forecasts (2018 – 2024)

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3D printing is referred as additive printing technology which is used in developing the objects with digital file and variety of printing materials. This technique is used in different verticals like aerospace & defence, healthcare, construction and others. As the increased government support, a high degree of accuracy, efficient use of raw materials are propelling the 3D printing markets. These markets are estimated to witness significant growth within the forecasting period with CAGR of 26.75%.

Global 3D Printing Market Size & Growth:

Global 3D printing market is valued at $26.51 billion in 2018 and estimated to reach a value of $33.74 billion in 2024 at CAGR of 26.75%. Key points like reduction in human error and use of multiple materials for printing, customization of products with reducing cost and time and government investment in 3D products are accelerating this market and the factors like limited availability and the high cost of materials, lack of skilled labor and size of outputs generated are hampering the market growth.

Global 3D Printing Market Share:

Global 3D Printing market is classified by type of material, by technology,  by use, by the process, by application, by vertical and by geography. On the basis of the type of material, they are segmented as polymers, metal and alloys, ceramics and others. Among these plastics and metal hold the most significant share as they have an increasing demand for biomaterials and specialized materials.  By technology, they are segmented as Fused deposition modeling (FDM), Selective laser sintering (SLS), Selective laser melting (SLM), Laminated object manufacturing (LOM), Electronic beam melting (EBM) and Stereolithography (SLA) and others.  By use, they are segmented as commercial purpose, industrial purpose, and others. By process, these are segmented as Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, Sheet Lamination and Vat Photopolymerization. By application, they are segmented as Functional part manufacturing, Tooling, and Prototyping. By vertical these are segmented as Automotive, Aerospace and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, Engineering, Energy, Printed Electronics, Jewelry, Food and Culinary and Others. Aerospace and defense vertical lead the markets as these have got strong demand and government support as well. By geography, they are segmented as North America, Europe, South America, Middle East & Africa and  APAC regions. Among all the regions north America is dominating as it has the increasing demand in significant verticals, government support, and presence of key manufacturers.

Global 3D Printing Market Trends:

  • Boost tube replacement through 3D printing is done, as this takes all the engine pressures with no air leaks as to protect against heat in the vehicles.
  • With the help of 3D printing, “In air microfluidics” is a successful method of printing 3D structure with living cells. This is a special technique that enables the fast and in-flight production of micro building blocks that are viable and help in repairing the damaged tissues.
  • New ears for children can be developed using 3D printing by collecting the cells called chondrocytes which are used to grow the new cartilage.

  Global 3D Printing Market Research Reports Includes:

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have complete market analysis through industry value chain analysisPorter’s fivePESTLESWOT analysis, and Y-o-Y analysis.
  • Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on YearOnYear
  • Identifying DROC in the current market and their impact in altering the market dynamics.
  • Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
  • Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
  • Identify the latest developments, market shares and strategies that are employed by the major market players, such as
  • Stratasys Ltd.
  • Materialise NV
  • Koninklijke DSM N.V.
  • The Exone Company
  • 3D Systems Corporation

1. Introduction

1.1 Executive Summary

1.2 Market Definition

1.3 Scope of the Study

2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.3 Analytic Tools and Model

2.4 Economic Indicator

2.4.1 Base Year, Base Currency, Forecasting Period

2.5 Expert Validation

2.6 Study Timeline

3. Market Analysis

3.1 Industry Value Chain Analysis

3.2 Porter’s Five Analysis

3.2.1 Bargaining Power of Buyers

3.2.2 Bargaining Power of Suppliers

3.2.3 Threats of Substitutes

3.2.4 Threats of New Entrants

3.2.5 Industry Rivalry

3.3 PESTLE Analysis

3.3.1 Political

3.3.2 Economical

3.3.3 Social

3.3.4 Technological

3.3.5 Legal

3.3.6 Environmental

3.4 SWOT Analysis

3.4.1 Strengths

3.4.2 Weakness

3.4.3 Opportunities

3.4.4 Threats

3.5 Y-O-Y Analyses

4. Market Dynamics

4.1  Drivers

4.1.1 Reduction in human error and use of multiple materials for printing

4.1.2 Customization of products with reducing cost and time

4.1.3 Government investment in 3D products

4.2  Restraints

4.2.1 Limited availability and high cost of materials

4.2.2 Lack of skilled labor and size of outputs generated

4.3  Opportunities

4.3.1 Increasing application in medical science

4.3.2 Additional medical choices and untapped medical market in several end-user industries

4.4  Challenges

4.4.1 Limited design tools

4.4.2 Ensuring product quality

  1. 5. Global 3D Printing Market – By Type of material

5.1 Polymers

5.1.1 Photopolymers

5.1.2 Thermoplastics

5.1.3 Acrylonitrile Butadiene Styrene

5.1.4 Polylactic acid

5.1.5 Polyvinyl alcohol

5.1.6 Polyethylene

5.1.7 Nylon

5.2 Metals and alloys

5.2.1 Titanium

5.2.2 Graphene

5.2.3 Gold

5.2.4 Silver

5.2.5 Alumide

5.2.6 Steel

5.3 Ceramics

5.3.1 Glass

5.3.2 Silica

5.3.3 Quartz

5.3.4 Others

5.4 Other Materials

5.4.1 Wax

5.4.2 Laywood

5.4.3 Paper

5.4.4 Biocompatible Materials

6. Global 3D Printing Market – By Technology

6.1 Fused deposition modeling (FDM)

6.2 Selective laser sintering (SLS)

6.3 Selective laser melting (SLM)

6.4 Laminated object manufacturing (LOM)

6.5 Electronic beam melting (EBM)

6.6 Stereolithography (SLA)

7. Global 3D Printing Market – By Use

7.1 Commercial purpose

7.2 Industrial purpose

7.3 Others

8. Global 3D Printing Market – By Process

8.1 Binder Jetting

8.2 Direct Energy Deposition

8.3 Material Extrusion

8.4 Material Jetting

8.5 Powder Bed Fusion

8.6 Sheet Lamination

8.7 Vat Photopolymerization

9. Global 3D Printing Market – By Application

9.1 Functional part manufacturing

9.2 Tooling

9.3 Prototyping

10. Global 3D Printing Market – By Vertical

10.1 Automotive

10.2 Aerospace and Defense

10.3 Healthcare

10.4 Architecture and Construction

10.5 Consumer Products

10.6 Education

10.7 Engineering

10.8 Energy

10.9 Printed Electronics

10.10 Jewelry

10.11 Food and Culinary

10.12 Others

11. Global 3D Printing Market – By Geography

11.1 Introduction

11.2 North America

11.2.1 U.S.

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 UK

11.3.2 Germany

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 Others

11.4 APAC

11.4.1 China

11.4.2 Japan

11.4.3 India

11.4.4 Australia & New Zealand

11.4.5 Others

11.5 Middle East and Africa

11.5.1 Middle East & Africa

11.5.2 Africa

11.6 South America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Others

12. Company Profiles

12.1  Stratasys Ltd.

12.2 Materialise NV

12.3 Koninklijke DSM N.V.

12.4 The Exone Company

12.5 3D Systems Corporation

12.6  Voxeljet AG

12.7 Envisiontec GmbH

12.8 SLM Solutions Group AG.

12.9 Arcam Group

12.10 EOS GmbH

12.11 MCOR Technologies Ltd.

12.12 Proto Labs, Inc.

12.13 ARC Group Worldwide, Inc.

12.14 Concept Laser GmbH

12.15 Optomec Inc.

12.16  Ultimaker BV

12.17 Beijing Tiertime Technology Co., Ltd.

12.18 Renishaw PLC.

12.19 Groupe Gorgé

12.20 Höganäs AB

13. Global 3D Printing Market – Competitive Landscape

13.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

13.2 Strategies Adopted By Top Companies

13.3 Market Share Analysis

14. Market Insights

14.1 Insights of Industry Experts

14.2 Investment  Opportunities

14.3 Analyst Opinion

15. Appendix

15.1 List of Tables

15.2 List of Figures

  • Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
  • Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
  • The Regional and Global Variety is taken care of in the report.
  • Year on Year basis generation of revenue is studied.
  • Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
  • The overview and the sustainability of the market are analyzed through SWOT.
  • DROC is recognized in the current market scenario and see how its effect on market dynamics.
  • The segment-level analysis in terms of type and technology.
  • The value chain analysis, value that's created and captured by a company is the profit margin.Value
  • Created and Captured – Cost of Creating that Value = Margin
  • An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
  • Basis on the depth of the study we approach using analytical tools
  • Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.

 

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