Press Release

According to the latest report by IMARC Group titled, “3D Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, The global 3D printing market reached a value of US$ 9.2 Billion in 2018. Looking forward, IMARC expects the market to reach US$ 24.8 Billion by 2024, exhibiting a CAGR of 18% during 2019-2024.

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3D printing, also referred to as additive manufacturing or desktop fabrication, is the process of adding multiple layers to create a three-dimensional object using computer-aided-design (CAD) software. This technology helps in building patterns, tooling components, physical models and distinctive structures by deploying 3D printers. Unlike conventional printing techniques, 3D printing enables fabrication of complex shapes, depicts faster and higher-quality production capabilities, allows easy customization, and minimizes errors. As a result, 3D printing is employed in various industries ranging from the fashion industry for preparing jewelry and nylon-based clothing design to the aerospace industry for manufacturing lightweight aircraft structures. It is also used in the healthcare industry for making prosthetic bone, skin and cartilage implants. Apart from this, the increasing penetration of low-cost 3D printing solutions, coupled with the rising environmental concerns, has augmented the demand for 3D printing in several bio-printing applications, including bio-synthetic polymers. Moreover, rapid technological advancements, such as the introduction of the fused deposition modeling (FDM) technology, have led to the utilization of 3D printing as an affordable solution for manufacturing intricate designs. Owing to the factors mentioned above, the market is expected to flourish in the upcoming years.

Explore full report with table of contents:

Market Breakup by Technology:

  • Stereolithography
  • Fused Deposition Modeling
  • Selective Laser Sintering
  • Electron Beam Melting
  • Digital Light Processing
  • Others

Market Breakup by Process:

  • Binder Jetting
  • Directed Energy Deposition
  • Material Extrusion
  • Material Jetting
  • Powder Bed Fusion
  • Sheet Lamination
  • Vat Photopolymerization

Market Breakup by Application:

  • Prototyping
  • Tooling
  • Functional Part Manufacturing

Market Breakup by Region:

  • Europe
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Stratasys, 3D Systems, Materialise, EOS GmbH, Ge Additive, Exone, Voxeljet, HP, SLM Solutions, Envisiontec, Protolabs, Mcor Technologies, Optomec, Groupe Gorgé, Ultimaker, Renishaw, Beijing Tiertime Technology, Xyzprinting, etc

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Competitive Structure
  • Profiles of Key Players

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This post was originally published on Stock Markets News

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IMARC Group is a leading market research company that provides market and business research intelligence across the globe. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. We make an effort to fulfill specific and niche requirements of the industry while balancing the quantum of quality with stipulated time and trace major trends at both the domestic and global levels. The information products and services provided by IMARC cover major technological, scientific and economic developments in industrial, pharmaceutical and high technology organizations.