Key features of the study:
This report provides an in-depth analysis of the global 3D printing market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
The global 3D Printing market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
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Market Opportunities
Replacement of conventional manufacturing by 3D printing can present lucrative opportunities. For instance, the US Naval Undersea Warfare Center (NUWC) got reductions in lead-time for the reverse engineering of submarine compressor pump casting from 51 weeks to 8 weeks. The cost for the same was reduced from US$ 29,562 to US$ 18,200.
Development of 3D scanning can pose excellent opportunities for market players. The device uses infrared LEDs and a camera to model and measure its surroundings in 3D.
Moreover, currently, technological advancements in the field of 3D scanning to develop 3D desktop scanners are taking place.
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Statistics:
North America held dominant position in the global 3D printing market in 2019, accounting for 39.0% share in terms of value, followed by Europe, APAC and RoW respectively.
Impact of COVID-19
There is significant impact on 3D printing market, as healthcare industries have suffered significant shortage of products. During this time of social and economic despair, most of the healthcare industries are under stress due to shortage of beds and medical equipment’s. For instance, in Italy, there is a shortage of medical equipment’s and PPE kits for the protection of the heath workers in the hospitals.
Geographies covered :
North America: U.S., Canada
Latin America: Brazil, Argentina, Mexico, Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
Middle East: GCC Countries, Israel, Rest of Middle East
Africa: South Africa, North Africa, Central Africa
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Market Segementation :
By Use: Commercial, Personal.
By Technology: Polyjet, FDM, SLS, SLA, Others.
By Application: Consumer electronics, Automotive, Medical, Industrial or business machines, Aerospace, Military and defense, Architectural, Education, Others.