The global 3D printing market potential can be assumed by
the intensity of market value for the 3D printing devices, services and supplies
market, which was valued at around $5.5 billion in 2015; further, the 3D
printing market growth suggests that it is expected to reach nearly $25 billion
by 2022.
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The market is segmented into seven sub-segments including
aerospace, industrial (including construction), healthcare, automotive,
jewelry, energy and others, which includes education, research, architecture,
etc. Among these 3D printing market sectors, aerospace, healthcare and
industrial applications command a major market share of about 50% of total
market share jointly. The large share of these industries can be attributed to
the significant public and private funding to develop 3D printing technologies
and the number of applications.
Latest 3D printing market trends suggested by TBRC’s inhouse
consultants show that the development
over the past decade have resulted in 3D printing’s expansion beyond
prototyping. Technological advances that enable the manufacture of high-quality
products and an array of new ingredients, from metals, ceramic to organic
material, have encouraged companies to consider 3D printed parts within their
own products. These factors together will likely drive the market in future.
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The 3D printing markets for healthcare, jewelry and energy
industrial applications are expected to grow at the highest CAGR of about 30%
for each of them during the forecast period of 2018 to 2022.
The 3D
printer market growth in these particular 3D printing market sectors are
majorly attributed to the increasing awareness about 3D printing technology,
rising government initiatives to support innovation of novel applications of 3D
printing technology for the healthcare industry, growing demand for organ
transplantations, and increasing operational efficiency with 3D printing
technologies in these industries.
Major companies involved in 3D printing market are 3D
Systems Corporation, Arcam AB, The
ExOne Company, Stratasys Ltd., and EOS GmbH
Electro Optical Systems. 3D
printer sales figures for each of the companies are mentioned in the report
along with latest 3D printing market trends.
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