Thursday, June 23, 2016
3D Printing Market : Global Industry Information, Market Needs, Industry Size and Forecast 2016-2022
Do you like this story?
According to a new market
research report published by Credence Research“3D Printing (Polyjet,
Stereolithography (SL), Fused Deposition Modelling (FDM), Electron Beam
Melting, Selective Laser Sintering (SLS), Others) Market - Growth, Share,
Opportunities, Competitive Analysis and Forecast 2016 - 2023”,the global 3D
printing market stood at US$4.83Bn in 2015and is estimated to expandwith a CAGR
of 15.3% from 2016 to 2023.
3D printing, also called
as additive manufacturing, refers to a process of making three-dimensional (3D)
solid objects using a digital model. In 3D printing, the object is prepared by
placing down successive layers of material. Since the introduction of 3D
printing technology in 1984, the technology is steadily becoming popular and is
expected to gain substantial traction in the coming years. Till date, the 3D
printing technology is used in various applications such as jewelry, consumer
goods, industrial design, aerospace, construction, automotive, healthcare,
geographic information systemsand others. The technology is, however, used
majorly for prototyping and marketing purposes. End-users are still hesitant in
shifting towards 3D printing for large scale manufacturing which may challenge
the market growth.
Browse Here For Full
Report with ToC : http://www.credenceresearch.com/report/3d-printing-market
Market
Insights
The 3D printing market is
majorly driven by the superior advantages of the technology as compared to the
traditional (subtractive) manufacturing. Some of the most significant
advantages observed of using 3D printing technology are listed below:
·
Efficient use of raw materials with minimal wastage
·
Easy customization of the desired end-products
·
Reduced output time
·
Less error possibility
Additive manufacturing
offers better overall efficiency as compared to the traditional manufacturing
processes. As a result, the technology is expected to expand exponentially in
the coming years.
Requesting For Sample : http://www.credenceresearch.com/sample-request/57898
Competitive
Insights:
The global 3D printing
market is highly fragmented in nature with large number of players striving to
establish their remarkable presence in the market. The companies operating in
the market compete primarily on the basis of technology, ease of process and
providing a full suite of products and services. The market comprises various
technologies that are designed for specific applications. Thus, no company has
established monopoly in the overall market over the period of time.
Nevertheless, with various tech giants such as Google, Inc., Hewlett-Packard
(HP) Company, Lenovo Group Ltd. and others, the market is expected to emerge
highly competitive in the coming years. Major companies plan to expedite their
operation in the 3D printing segment from the year 2016 onwards.
Key
Trends:
·
3D printing for manufacturing end-use products rather than
simply prototyping
·
Focus on gaining expertise in different 3D printing technologies
·
Acquisition of other players for strengthening technological
position as well as global presence
·
Focus on specific applications such as residential, automotive
and healthcare
About Us:
Credence Research is a
worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith (Global
Sales Manager)
Address: 105 N 1st ST
#429, SAN JOSE, CA 95103 US
E-mail:
sales@credenceresearch.com
Ph: 1-800-361-8290
Subscribe to:
Post Comments (Atom)
0 Responses to “3D Printing Market : Global Industry Information, Market Needs, Industry Size and Forecast 2016-2022”
Post a Comment