Infinium Global Research has recently published a trending report on “3D Printing Devices Services and Supplies Market (Technology - Extrusion, Jetting, Powder Bed Fusion, Vat Photopolymerization, Stereolithography , Sheet Lamination, and Direct Energy Deposition; Applications - Aerospace, Healthcare, Automotive, Industrial, Jewelry, and Energy): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024”. The report finds that the market is projected to grow at a CAGR of 28% over the forecast period of 2018-2024.
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3D Printing Devices Services and Supplies Market: Drivers and Restraints
3D printing, also known additive manufacturing creates physical objects from a digital design file. It uses input substrate materials using a layer upon layer printing method. The industry is being driven by increasing demand for organ transplantation, as well as growing government and private funding to support the development of new healthcare 3D printing technologies. However, lack of sufficient 3D printing experts, challenges related to choosing the right candidate for 3D printing, reimbursement challenges and bio-compatibility challenges hinder the growth of the market. Despite the headwinds, the market is expected to generate substantial demand opportunities during the forecast period due to the emergence of cloud-based 3D printing service providers, increased vertical applications and improved market consolidation.
3D Printing Devices Services and Supplies Market: Segmentation
The report gives an in-depth analysis of the global 3D printing devices services and supplies market, focuses on market opportunities along with the trends driving the market. The report on global 3D printing devices services and supplies market covers segments such as technology, and applications.
Based on the technology, the sub-markets include extrusion, jetting, powder bed fusion, vat photopolymerization, stereolithography, sheet lamination and direct energy deposition. Extrusion is an “additive” technology commonly used for modelling, prototyping, and production applications. To overcome the technical glitch in traditional technique such as controlling pore size, pore geometry and spatial distribution of pores properly there has been a trend in recent years to fabricate TE scaffolds using AM processes directly (3D printing of final scaffold) or indirectly (making negative scaffold to be used as a mold). Material jetting is a relatively new 3D printing technique that uses liquid photopolymer and UV light. Vat photopolymerization 3D printing technology is undergoing significant evolution to shed its image of an ageing rapid prototyping technology, evolving into a next-generation, Industry 4.0 digital manufacturing process. Powder bed fusion technology for the printing of polymers is considered to be the most promising segment and is anticipated to drive the market over the forecast period.
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Based on the applications, the sub-markets include aerospace, healthcare, automotive, industrial, jewellery and energy. In recent years 3D printing technology made a huge impact in the automotive industry. With the help of 3D printing, the manufacturing of lightweight vehicle components is possible for reducing the weight of vehicles, improving car performance, and increasing fuel economy. The 3D printing technology has enabled a more patient-centric approach in the healthcare sector by enabling customization of prosthetics and dentistry and with the help of bio-printing researches can print human-sized bones, cartilage, and muscles
3D Printing Devices Services and Supplies Market: Competitive Landscape
Some of the major players operating in the global 3D printing devices services and supplies market are 3D Systems, Stratasys, Materialise NV, Arcam AB, The ExOne Company, Proto Labs, ARC Group Worldwide, EOS GmbH, SLM Solutions, and Renishaw. The competition is likely to remain fierce as large companies and startups attempt to capture market share. In September 2019, Stratasys announced it will be increasing its stake in Xaar 3D Ltd., a company founded last year by the 3D printing giant in collaboration with Xaar PLC, a supplier of industrial inkjet printheads.
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3D Printing Devices Services and Supplies Market: Regional Analysis
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. The U.S. drives the growth in the North America region, as it is the largest market in the region. Some of the major reasons for the growth of the market in this region is the rising investments and continuous evolution and application of new technologies exploring an untapped market in the manufacturing sector. In the Asia-Pacific region, China and India offer substantial growth potential for the 3D printing devices services and supplies market. As a result, the APAC region is projected to experience growth at a CAGR of x.x% over the forecast period 2018-2024.
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the 3D printing devices services and supplies.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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