Global 3D Printing Market Is Expected to Reach USD 35.9 Billion In 2026

-

The global 3D printing market was valued at USD 10.5 billion in 2018 and is expected to reach USD 35.9 billion in 2026, growing at a CAGR of 16.54% during the forecast period.

3D printing is an additive manufacturing process which is used to build a three-dimensional object by using computer-aided design (CAD). This process involves the addition of a raw material layer by layer in order to provide the desired shape. 3D printing process finds applications in multiple industries such as manufacturing, automobile, food & beverages, medical, aerospace & defense, among others.

The growth of the 3D printing market is primarily driven by the benefits offered by additive manufacturing over conventional manufacturing processes such as ease in development of complex products, and demand for customized products. Moreover, the growing emphasis on reducing manufacturing costs and operational downtime is fuelling the growth of this market. However, the high cost of raw materials and limitations regarding product size are some of the factors which are creating a major hindrance for its market growth. However, government initiatives to attract foreign investments in 3D printing projects is anticipated to offer multiple growth opportunities during the forecast period.  

Get Sample Copy of this report at: https://www.ozonemarketreports.com/sample-request/global-3d-printing-market-industry-outlook-2016-2026/154333

The service segment expected to grow at the fastest rate of 21% CAGR during the forecast period Based on the offering, the global 3D printing market has been segmented into printer, material, software, and service. The 3D printing industry is in an evolution phase with multiple manufacturers developing more compatible product offerings. There numerous small and medium scale industries who require additive manufacturing solutions but cannot afford the initial investments owing to varying product specifications. Such industries, along with well-established ones prefer 3D printing service as it saves a great amount of cost and time.

Moreover, rapid growth in healthcare and aerospace industries, which continuously require to optimize the products, is driving the growth of the service offering sector. Based on the end use industry, the automotive segment is expected to lead during the forecast period Based on the end-use industry, the market has been segmented into automotive, aerospace and defense, healthcare, architecture and construction, consumer products, and others.

Browse Full Report at: https://www.ozonemarketreports.com/ict-media/global-3d-printing-market-industry-outlook-2016-2026/154333

The automotive segment accounted for almost 35% share in the market in 2018 and further expected to lead the market during the forecast period. Latest developments in 3D printing materials which are more suitable for advanced automobiles is one of the key driving factors for this segment. Additionally, growth in the automotive industry in the past few years and early adoption of 3D printing technology is propelling the segmental growth. North America to dominate the 3D printing market throughout the forecast period North America accounted for nearly 32% share of the global 3D printing market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe and Asia-Pacific. The strong presence of end-use industries in the North America region is one of the key factors driving the consumption of 3D printing in this region.

Avail a UPTO 40% Discount on Purchase at: https://www.ozonemarketreports.com/discount-request/global-3d-printing-market-industry-outlook-2016-2026/154333

Moreover, the growth of construction, automotive and textile manufacturing industry in United States are also propelling the growth of 3D printing in the North America region. Asia Pacific accounted for the highest CAGR in the global 3D printing market during the forecast period.Company Profiles and Competitive Intelligence:The major players operating in the global 3D printing market are Stratasys (US), 3D Systems (US), EOS GmbH (Germany), GE Additive (US), Materialise (Belgium), SLM Solutions (Germany), ExOne (US), Voxeljet (Germany), HP (US), and EnvisionTEC (Germany) among others.

Table Of Content

Chapter 1 Executive Summary
1.1.Market Summary
1.1.1.Global 3D Printing Market, 2016-2026, (USD Million)
1.2.Market Snapshot: Global 3D Printing Market
1.3.Market Dynamics
1.4.Global 3D Printing Market, by Segment, 2018
1.4.1.Global 3D Printing Market, by Offering, 2018, (USD Million)
1.4.2.Global 3D Printing Market, by End-use Industry, 2018, (USD Million)
1.4.3.Global 3D Printing Market, by Region, 2018 (USD Million)
1.5.Premium Insights
1.5.1.3D Printing Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2.Global 3D Printing Market: Regional Life Cycle Analysis

Contact Us:
Name: Steven Samuel
Email - info@ozonemarketreports.com
Phone - +91 9370882135
Website: https://www.ozonemarketreports.com/

Comments

Post a Comment

Popular posts from this blog

Global Ransomware Protection Market is growing at a CAGR of 16.58% from 2017 to 2025

-
The Global  Ransomware Protection  Market was valued at USD 8.35 billion in 2016 and is projected to reach USD 33.21 billion by 2025, growing at a CAGR of 16.58% from 2017 to 2025.  Ransomware  is a type of malicious software from crypto virology that threatens to publish the victim’s data or perpetually block access to it unless a ransom is paid. Ransomware protection system ensures several benefits for organizations that include – patch and vulnerability management, application control, privilege management, file and removable media protection, and remediation of running ransomware. Market Dynamics: 1. Market Drivers 1.1 Adoption of multi-layered security systems 1.2 Increasing adoption of threat intelligence among enterprises 1.3 Evolution of ransomware-as-a-service model 1.4 Rising phishing attacks and targeted security breaches 1.5 Increasing demand for data backup and recovery solutions 2. Market Restraints 2.1 Increasing ransom amount 2.2 Lack of technical...
Read more

Global Special Mission Aircraft Market is growing at a CAGR of 3.85% from 2017 to 2025

-
The Global Special Mission Aircraft Market was valued at USD 11.37 billion in 2016 and is projected to reach USD 15.98 billion by 2025, growing at a CAGR of 3.85% from 2017 to 2025.  Special Mission Aircraft are versatile aircraft that can be used by all three sectors of the armed forces for various operations. Special mission aircraft are equipped with surveillance equipment to detect the movement of enemy units but usually lack major offensive weapons. These aircraft have capabilities in areas such as maritime patrol as well as anti-submarine and airborne early warning and control. They can be used in both military and non-military missions. Market Dynamics: 1. Market Drivers 1.1 Development of EW counter measure system in aircrafts 1.2 Growing terrorism and insurgencies due to conflict 1.3 Rising investments by governments in defense sector 2. Market Restraints 2.1 Lack of expertise and trained pilots Request Sample Visit : https://www.ozonemarketreports.c...
Read more

Global Pipeline Safety Market is growing at a CAGR of 9.65% from 2017 to 2025

-
The Global  Pipeline Safety  Market was valued at USD 5.85 billion in 2016 and is projected to reach USD 13.40 billion by 2025, growing at a CAGR of 9.65% from 2017 to 2025.  Pipelines  are recognized as a safe and reliable means of transporting hazardous products over significant distances. Pipeline safety is defined as a range of general duties which are applicable to all pipelines, and additional duties for major accident hazard pipelines which transport products defined as dangerous fluids. Benefits of pipeline safety includes – reduced administration costs, reduced insurance and liability costs, reduced costs from injuries and illness, and improved level of compliance. Market Dynamics: 1. Market Drivers 1.1 Rising security regulations and standards 1.2 Increasing demand of oil and gas in developing economies 1.3 Increasing sustainable use of resources 1.4 Up gradation of refineries, drilling sites and exploration of new sites 2. Market Restraints 2.1 Budget ...
Read more