Global 3d Printing Market Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis 2013 - 2020

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Category: Science and Technology

Date Submitted: 01/13/2015 01:01 AM

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Report Overview:

Research Beam adds a report titled “Global 3D Printing Market (Technology, Material, Services, Application and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020” that provides latest market trends and opportunities. The report offers detailed analysis of the 3D Printing Market.

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3D printing, also known as additive printing technology, allows manufacturers to develop objects using a digital file and variety of printing materials. The materials used in 3D printing include various types of polymers, metals, ceramics, etc. 3D printing offers methodologies that makes manufacturing of complex designs an apparent reality. The global 3D printing market is in the progressive phase of its life cycle and was valued $2.3 billion in 2013 and is anticipated to reach $8.6 billion by 2020, growing at a CAGR of 20.6%. The anticipated advancement is due to the widespread applications of 3D printing and the potential prospects of 3D printing in diverse fields.

The factors driving 3D printing market are high degree of accuracy, efficient use of raw materials, ability to build customized products, simultaneous use of multiple materials for printing, efficient use of production time and financials, competency over traditional techniques, etc. On the contrary, higher production cost to individual users, expensive 3D printing software, lack of channel partner assistance, scarcity of skilled labors and inability to manufacture huge outputs are some of the restraints for the global 3D printing market. Also, application of 3D printing in various industries and improved manufacturing process are the opportunities present, which can be capitalized.

Reason for Doing the Study

The market size and year on year forecast for global 3D printing market is been provided for the...

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