MarketsandMarkets claimed that the 3D Printing Market is expected to grow at a CAGR of 23% from 2013 to 2020, and reach $8.41 billion in 2020 in its new market research report “3D Printing Market by Technology (SLA, SLS, EBM, FDM, EBM, LOM, 3DP), Materials (Polymers, Metal), Application (Aerospace, Automotive, Consumer, Healthcare, Government & Defense) & Geography (Americas, Europe, APAC & ROW) (2013 – 2020)“.
Although the America holds the largest revenue share followed by Europe in 3D Printer Machines, materials, and related services as of 2013, Europe is also expected to surpass America in terms of the 3D Printing Market revenue by 2020.
However, most promising and the fastest growing market for 3D printing with the high industrial growth, supportive government policies, technological awareness, and financial investment by the governments in R&D is APAC. The major companies operating in this market are 3D Systems, Stratasys, Arcam AB, Exone and others.
For the expansion of 3D Printing Market the followig factors should be considered.
- New and improved 3D printing technologies
- Wide range of materials (polymers, metals/alloys, sand, ceramics, living tissue)
- Government funding
- Broad application scope
- Increased awareness regarding the benefits of 3D printing over traditional techniques (injection molding and CNC machining)
The below bar chart gives an overview of the overall estimated 3D printing market revenue from 2013 to 2020:
In the report, the 3D Printing Market is broadly categorized into:
Early buyers will receive 10% customization on this report.
For further information please visit MarketsandMarkets web page.