According to Stratistics MRC, the Global 3D Printing Market is estimated at $3.47 billion in 2018 and is expected to reach $12.53 billion by 2023 growing at a CAGR of 20.1% from 2018 to 2023. The factors driving the market include high degree of precision, ability to build customized products, and competency over traditional technique.
New York, NY -- (SBWIRE) -- 11/28/2018 -- The world 3D printing market is estimated at $ 4,162 billion in 2014 and is expected to reach $ 44,393.1 million by 2025, with an annual growth rate of 21.8% from 2019 to 2025. North America is estimated to reach $ 16,838.3 million by 2025, registering a CAGR of 20.8% over the forecast period of $ 1,728.1 million in 2014.
According to Stratistics MRC, the Global 3D Printing Market is estimated at $3.47 billion in 2018 and is expected to reach $12.53 billion by 2023 growing at a CAGR of 20.1% from 2018 to 2023. The factors driving the market include high degree of precision, ability to build customized products, and competency over traditional technique. However, higher production cost, expensive 3D printing software, shortage of skilled labor and inability to manufacture massive outputs are inhibiting the market growth. Moreover, application of 3D printing in different industries and manufacturing process are creating opportunities for the market. The economies of scale gained due to advancement in technology and enhanced manufacturing process will boost the market in future.
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Some of the Key Players of this Market: 3D Systems, Stratasys, Envisiontec, Exone, Luxexcel, Materialise NV, MCOR Technologies Ltd, Optomec Inc, Voxeljet AG, Microtec Gesellschaft Für Mikrotechnologie MBH, Amazon.Com, Inc., HP Inc, Canon Inc., ARC Group Worldwide, Inc., Oxford Performance Materials Inc., EOS GmbH and SLM Solutions Group AG.
The report for Global 3D printing market includes primary research alongside the comprehensive investigation of subjective as well as quantitative perspectives by different industry specialists, key supposition pioneers to gain the more profound understanding of the market and industry execution. The report gives the reasonable picture of the current market situation which incorporates authentic and anticipated market estimate in terms of esteem and volume, technological advancement, macroeconomic and governing factors in the market. The report provides detailed statistics and strategies of the best key players in the industry. The report additionally gives a broad study of the distinctive market sections and areas.
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The business sectors in North America and Europe possess a critical piece of the pie. In any case, attributable to the fast approaching immersion, these regions are not anticipated to enlist noteworthy development in their market size amid the figure time frame. Developing markets of Asia Pacific and the Middle East are foreseen to witness elevated development prospects attributable to the colossal potential in nations, for example, China, India, Japan, Australia, UAE, and Qatar. Latin America is another region that is expected to display a stout demand for the 3D printing market, which can be attributed to the brawny fiscal growth in countries such as Mexico and Brazil.
The various factors supporting the market's growth and those posing threat are studied in detail in this report. Additionally, the market study segments the Global 3D printing market based on end-users, verticals, and size. In these sections, it shields various factors impelling the market's trajectory across the segments. Furthermore, it recognizes the most lucrative of them all to help investors take the well-informed decision.
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Table of Contents
3D printing market Research Report
Chapter 1 3D printing market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast