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The global Three-Dimensional (3D) printing market size reached USD 16.86 Billion in 2021 and is expected to register a revenue CAGR of 21.8% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for 3D printing technology across healthcare and aerospace industries is driving market revenue growth. Adoption of 3D printing technology across various industries has been increasing due to improved accuracy of end products created using the technology.
3D printing opens up new possibilities for design, manufacture, and performance of architectural forms, materials, and construction systems. It is a novel and adaptable method of product development that employs digital software such as Computer-Aided Design (CAD) to create multiple thin layers, which are then sent to the 3D printer for manufacturing. The technology enables manufacturers to print customized products as per specified standards.
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The key companies studied in the report are:
3D Systems, Inc., Stratasys Ltd., GE Additive, EOS, voxeljet AG, SLM Solutions, Optomec Inc., Proto Labs, Nano Dimension, and Materialise.
In various industries such as medical, automotive, consumer goods, and aerospace, there is a growing trend of shifting from prototyping to functional manufacturing. Extensive research in this area has resulted in development of advanced techniques such as 3D printing, which can effectively mold materials, including plastics, biomaterials, and polymers to produce desired products. Furthermore, 3D printing is also used for educational purposes such as for facilitating improved learning, skills development, and for enhancing student and teacher engagement. Increasing R&D initiatives are leading to reduced cost of procuring 3D printing devices, which in turn, is increasing global demand and thus, boosting growth of the 3D printing market.
Some Key Highlights from the Report
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Emergen Research has segmented the global 3D printing market on the basis of offering, process, application, end-use, and region:
Offering Outlook (Revenue, USD Billion; 2019-2030)
Process Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
End-use Outlook (Revenue, USD Billion; 2019-2030)
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Regional Outlook (Revenue, USD Billion; 2019-2030)
The report addresses the following key points:
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At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Emergen Research | Web: www.emergenresearch.com
The post 3D Printing Market Size Worth USD 99.72 Billion in 2030 | 3D Systems, Inc., Stratasys Ltd., GE Additive, etc appeared first on Market O Graphics.
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