The global 3D printing market was valued at USD 14.2 billion in 2019 and is expected to grow at a CAGR of 16.8% during the forecast period. Globally industry players in 3D printing market are leveraging market growth through the development of innovative solutions. The vendors of 3D printing technology are providing various solutions to users such as customization, cost efficiencies, developing new products and are further improving productivity with the help of latest technologies.
Key players in the 3D printing market are investing heavily towards improvising the quality of product and developing the latest technologies that is further strengthening their position in the market. Moreover, local vendors are developing new products to develop cost efficiencies in their business processes thereby extending the rivalry in the market to certain.
Aerospace & defense is the key end user segment in the 3D printing market in 2019
Based upon end-user verticals, 3D printing market is segmented into healthcare, automotive, printed electronics, architecture & construction, consumer products, education, aerospace & defense, jewelry, energy, industrial, food & culinary and others. Aerospace & defense is the key end user segment owing to 3D printing technique use in different applications for developing products that require superior quality and performance.
Geographically, North America is the largest 3D printing market in since the region is constantly revamping their technology and increasingly using 3D printing technology in healthcare and aerospace and defense domain. Furthermore, increasing demand for customized products by the customers and need for reducing operational costs by several business organizations is driving the demand for 3D printing in this region.
Some of the major players operating in the global 3D printing market include Materialise NV, Stratasys Ltd., 3D Systems Corporation, Envisiontec GmbH, The Exone Company, Sciaky Inc., Voxeljet AG, SLM Solutions Group AG., Proto Labs, Arcam Group, and Mcor Technologies Ltd.
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The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global 3D printing market on the basis of printer, material type, form, application, process, end-user vertical, and region.
Global 3D Printing Market Coverage
Printer Insight and Forecast 2015-2025
Material Type Insight and Forecast 2015-2025
Form Insight and Forecast 2015-2025
Process Insight and Forecast 2015-2025
Application Insight and Forecast 2015-2025
End-User Vertical Insight and Forecast 2015-2025
3D Printing Market by Region
Rest of the World (RoW)