According to the new market research report "3D Printing Market by Technology (SLA, SLS, EBM, FDM, EBM, LOM, 3DP), Materials (Polymers, Metal), Application (Aerospace, Automotive, Consumer, Healthcare, Government & Defense), and Geography (Americas, Europe, APAC, & ROW) - Global Forecast to 2020", published by MarketsandMarkets, the 3D Printing Market estimated to worth $8.43 Billion by 2020 , at a CAGR of 14.37% between 2014 and 2020, which includes an in-depth analysis of the market by technology, application, and geography.
The 3D Printing Market is growing highly at a CAGR of 14.37% with applications across various sectors such as aerospace, automotive, consumer, government & defense, healthcare, industrial/business machines, and education & research. The overall market for 3D printing is expected to reach $8.43 Billion by 2020. 3D printing makes it possible to manufacture a product of virtually any design complexity. Hence, it is very useful for producing highly customized products with high accuracy, for example, a jaw implant for a patient or a critical aircraft component. It also minimizes the overall wastage of materials.
This report describes the market trends, drivers, and challenges with respect to the 3D Printing Market, and forecasts the market from 2014 to 2020, on the basis of technologies, materials, applications, and geographies. This report gives a detailed view of the market across geographies, namely, the Americas, Europe, Asia-Pacific, and RoW. The Americas dominates the market in terms of revenue generation, however, Europe has been growing at the highest CAGR in the 3D Printing Market. The initiative taken by the governments of the Americas to develop the technology is a major reason for the growth of the technology in the region.
The competitive landscape of the market presents an interesting picture. The market is witnessing new product launches and large scale collaborations and agreements & partnerships across the value chain, with only a handful of tier-one players around the globe.
The major players involved in 3D Printing Market are 3D Systems, Inc. (U.S.), Arcam AB (Sweden), EnvisionTEC (Germany), EOS (Germany), ExOne (U.S.), Luxexcel Group BV (Netherlands), Microtec Gesellschaft Fur Microcomputervertrieb MBH (Germany), MakerBot Industries, LLC (U.S.), Materialise NV (Belgium), Mcor Technologies Ltd. (Ireland), Orgnavo Holdings Inc. (U.S.), Optomec (U.S.), Stratasys Ltd. (U.S. and Israel), and Voxeljet AG (Germany).
