The global 3D printing technology market is anticipated to grow at a CAGR of 15.6% during the forecast period (2022-2028). 3D printing is referred to as Additive Manufacturing (AM). In 3D printing, one creates a design of an object by using softwares, and the 3D printer creates the object by adding layer upon layer of material until the shape of the object is obtained or formed. This object may be made using a number of printing materials, such as plastics, powders, filaments and paper among others. This 3D printing technology is used in various applications in multiple areas, that includes jet engines, advanced prosthetics implants, and even living tissue printing.Moreover it is also been increasing due to technological advancements, that ensure higher flexibility and faster design. Aditionally, manufacturers from different industries have recognized the benefits offered by 3D printing that includes faster production, easy accessibility, tangible design, and product testing, among others. With help of it, several material wastage on each product is reduced and stopped by manufacturers.
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The ease of developing customised products, as well as the reduction in production costs and process downtime, are expected to be major factors driving the growth of the 3D printing technology market. Furthermore, government across the globe has started investments in R&D ativities of 3D printing projects are expected to propel the growth of market. Moreover, the development of new industrial-grade 3D printing materials is expected to register the market’s growth. On the other hand, insufficient accessibility and rising material prices are expected to hinder the growth of the 3D printing technology market during the forecast period.
Furthermore, the ability to improve manufacturing procedures and supply chain management will provide additional potential opportunities for the growth of the 3D printing technologgy market. Confirming the security of product quality, on the other hand, may pose a further challenge to the growth of the 3D printing market in the near future.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Technology
- By Material Type
- End-User Industry
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- 3D Systems Corporation, ExOne Co., General Electric Company (GE Additive), Proto Labs Inc., and Stratasys Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global 3D Printing Technology Market Report by Segment
By Technology
- Stereo Lithography (SLA)
- Fused Deposition Modeling (FDM)
- Electron Beam Melting
- Digital Light Processing
- Selective Laser Sintering (SLS)
- Other Technologies
By Material Type
- Metal
- Plastic
- Ceramics
- Other Material Types
By End-User Industry
- Automotive
- Aerospace and Defense
- Healthcare
- Construction and Architecture
- Energy
- Food
- Other End-User Industries
Global 3D Printing Technology Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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