3d Printing Market - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023

3D Printing Market - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023

3D Printing Market To Cross US$ 16 Bn By 2023

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.

The complete report is available at http://www.credenceresearch.com/report/3d-printing-market

Market Insights

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.

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...