3D Printing: A Complete Market Analysis

3D printing starts with a 3D model designed on a 3D software. It can be a CAD model or designed on any other software. Developers also use a haptic device, a code or a 3D scanner for creating a digital 3D model. The digital file is then uploaded into the 3D printer and then the printer does its job. 3D printers were not as popular as they are right now due to low availability and slow speeds. However, 3D printers have become quite popular now and these are also being used in the industries as well. Modern 3D printers are quite fast and capable of mass producing the products as well. The variety of materials used in 3D printers have also ranged quite far as these can use plastics and metals and other polymers as a base materials as well.

The Global 3D Printing Market Analysis:

The global 3D printing market is growing and it is spreading its wings across many aspects of the product development as well. Enterprise 3D printing or end-to-end 3D printing is expected to get the due credit in the next decade. 3D printers can print objects and as well as specific products for different sectors as well. The major demand in the 3D printing market is going to occur from the industries such as defense, aerospace, and construction due to fast and cost-effective production. The emerging industries such as fashion and energy are also opting for the products developed through 3D printing. The demand for 3D printed products in the fashion and energy sector is growing at a Compound Annual Growth Rate (CAGR) of 25-35 percent. The reason for such high demand is the mass customization ability of 3D printing.

The aerospace, defense, and construction are the major industries that seek 3D printed products. The demand for such products in these sectors is growing at a CAGR of 15 percent and it is expected to reach approximately 25 percent in the coming years. The demand from the prototyping sector and direct parts manufacturing is also pushing the growth in the 3D printing industry. The same is the case with presentation models industry, medical devices, and consumer electronics. The consumer electronics segment is likely to become the biggest end-user of the 3D printed products. The reasons are the amazing ability of 3D printers to produce functional models through a variety of complexities across different industries and product range is its USP.

3D Printing Supply Market Overview:

Talking about the supply market overview, the market is divided into four segments viz. 3D printer manufacturers, 3D printer manufacturing and service providers, only service providers, and 3D design service providers. 3D printer manufacturers do not offer printing services and these are only limited to selling. On the other hand, 3D manufacturing and service providers offer both the maintenance and printing services whereas service providers only offer printing services. Lastly, the design companies offer tools, packages, software, and services regarding designing and developing the CAD files for creating 3D models.

The global 3D printing market has become and quite dynamic in the last decade, all thanks to its versatility and ability to deliver highly customized products. Nonetheless, the market is doing well and its penetration in the other industries is also increasing at a rapid pace. Visit the site for more information.

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