U.S. 3d Printing 2020 : Market Outlook

Jan 19 2016 Mumbai, India: Bharatbook.com announces a report on “ U.S. 3D Printing 2020 : Market Outlook ”. The scientists in space research agencies are continuously looking for methods to develop parts that can be developed on-site in the space for any emergency repair.

Globally, burgeoned investment in Research and Development (R&D) across industries like aerospace, automotive, healthcare, oil and gas etc. will fuel the additive manufacturing industry. Following the same trend, the US 3D.

Printing industry is poised to experience astonishing growth in the future. A shift from designing prototypes to producing end-user products can be seen in various U.S. industries.  As a result, the 3D printing industry is anticipated to touch USD 17.2 billion mark by 2020. Increased government initiatives for small and medium enterprises would further help in increasing exports to international geographies.

While defining the industry by segment, it is seen that printers sector will grow at highest CAGR of 29% through 2015-2015 and is expected to touch USD 6.48 billion by 2020. Continuous falling prices of 3D printers would increase the installation numbers in households and small offices. In contrast, the maintenance segment will show the slowest growth rate from 2015-2020. The service and maintenance segment is hoping to expand at a CAGR of 22% to reach USD 3.46% over the next five years from 2015 to 2020. The reason for the slow growth can be attributed to decrease in 3D printer prices. It is expected that people would prefer buying new printers with advanced technology at a comparatively lower rate rather than getting them fixed for any technical issue.

An expanded demand for 3D printing from aerospace is expected, especially from civil aircrafts and space-crafts.  U.S. aerospace industry rose at a CAGR of 3% from 2011 to 2015, under which space craft showed highest growth 7% y-o-y, followed by civil aircrafts at 6% annually. The scientists in space research...