Global
3D Printer
Market is anticipated to rise at
a positive CAGR in the predicted period. 3D printing is a field of printing
technology in which a manufacturing method is known as additive manufacturing
that enables removing of material to create a part, the process integrates the
material in certain patters to produce an anticipated shape. Mainly domains
such as prototyping, specialized parts, hobbies and home use, medical, cars and
building are some application areas.
3D
printing utilizes software that chunks the 3D model into layers and each layers
is then outlined onto the build plate by the printer and once the pattern is
complete, the build plate is depressed and the next layer is put on the top of
previous one. This technique is also known as subtractive manufacturing since
the process involves removal of material from a performed block. Other
processes such as milling and cutting also come under subtractive manufacturing
techniques. Though, this process generates a lot of waste since the material
that is eliminated generally is of no use and cannot be recycled which is then
needed to be sent as a crap. Hence, 3D Printing removes such waste since the material is placed in
the desired location and the rest will be left out as an empty space.
Advantages
associated are speedily printing and instant output whereas limitations include
expensive hardware and expensive materials. Though, there are certain pros and
cons, 3D printing cannot be a widespread solution, however novel development in
3D printing can help fasten design and engineering forms and figures. Factors
such as ease of development of customized products, capacity to minimize
overall manufacturing and development costs, rising government investments are
expected to propel the market growth in the predicted period.
Based
on offering, the 3D printer market is segmented into desktop, material,
software and service. Printer is again bifurcated into desktop and industrial. Material
is further segmented into plastic, metal, ceramic, powder and liquid filament.
Software is further segmented into printing, design, inspection and scanning.
Service is further segmented into custom design and manufacturing and after
sales. The market for desktop printers is anticipated to rise at a higher CAGR
in the predicted period owing to product innovation, customization and
reduction of price of desktop in 3D printers.
Based
on process, the 3D Printer
Market is segmented into material
extrusion, powder bed fusion, vat polymerization, material jetting, binder
jetting, sheet lamination and directed energy deposition. Based on application,
the 3D printer market is bifurcated into tooling, prototyping and functional
part manufacturing. Based on vertical, the 3D printer market is bifurcated into
engineering, healthcare, automotive, consumer products, jewelry, energy,
printed electronics, food culinary and energy.
Geographically,
the 3D printer market spans North America, Latin America, Europe, Middle-East,
Asia-Pacific and Africa. North America dominates the global market followed by
Europe and APAC 3D printing market. Factors such as heavy demand from
healthcare, education, aerospace and defense are expected to contribute to the
market growth in the upcoming years.
The
key players in the 3D printer market include Stratasys Ltd., 3D Systems
Corporation, EOS GmbH, Materialise NV, SLM Solutions Group AG, Arcam AB, Concept
Laser GmbH, The ExOne Company, Voxeljet AG, Proto Labs, Inc, Optomec Inc., ARC
Group Worldwide, Inc, GROUPE GORGÉ, Envision TEC GmbH, Mcor Technologies Ltd.,
Beijing Tiertime Technology Co. Ltd, Renishaw plc, XYZprinting, Ultimaker BV,
Koninklijke DSM N.V, Höganäs AB, taulman3D, LLC, Nano Dimension, Carbon Inc.,
Markforged, Inc. and Cookson Precious Metals Ltd.
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