Global Markets Latest Research Reports: Global 3D printing Market

Showing posts with label Global 3D printing Market. Show all posts

Jan 7, 2019

3D Hubs Acquired Printivate As A Part Of Their Expansion Plan

The 3D printing market size is expected to grow around $25 billion by 2022 growing at a double-digit compound annual growth rate (CAGR). The growth in the 3D printing industry is mainly due to adoption of 3D printing technology in emerging industries such as medical printing and metal manufacturing which is seen as an emerging trend in the 3D printing industry. Increasing expertise in

3D technology and integration of 3D printing in supply chain systems are the other trends followed in the 3D printing market.

The replacement of traditional methods of printing with 3D technology would allow customers to reduce their lead time, costs and waste. Furthermore, the increasing adoption of 3D printing technology in markets such as medical equipment, metal manufacturing and architecture is expected to increase the scope of the 3D printing market.

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In recent years, the consolidation in 3D printing market has fallen in terms of number of transactions. The volume of 3D printing M&As show a clear decline of around 10% during 2013-2015. In these years, most acquisitions were made by industrial investors, which includes, other direct competitors or new 3D printing market entrants.

Large players in the 3D printing industry have made a high number of add-on acquisitions. One of the major acquisitions was the Netherlands-based 3D Hubs, which operates the world’s largest online marketplace for 3D printing services, acquiring Printivate, a specialised service for optimising and fixing 3D models.

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Jan 2, 2019

3D Printing Market And 3D Printing Trends With Market Insights As Per TBRC’s Latest Report

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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