3D Printing Market: Global Opportunity Analysis and Industry Forecast, 2020-2030
According to Himanshu Jangra, Lead Analyst, Semiconductor and Electronics, at Allied Market Research, “The 3D Printing market share is expected to witness considerable growth owing.— Allied Market Research
WILMINGTON, DELAWARE, UNITED STATES, July 15, 2024 /
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3D Printing Market Size, Share, Competitive Landscape and Trend Analysis Report, by Technology, by Application : Global Opportunity Analysis and Industry Forecast, 2020-2030
The global 3d printing market was valued at $13.2 billion in 2020 and is projected to reach $94.0 billion by 2030, growing at a CAGR of 22.1% from 2021 to 2030.
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3D printing, commonly known as assistive printing technology, is an enhanced manufacturing process designed to enable users to create models utilizing a wide range of printing materials. Polymers, metals, ceramics, and other materials are among the materials utilized in 3D printing. Moreover, the printing medium chosen is determined by the characteristics of the printed product as well as the region of application. Certain 3D printers can create models using various materials at the same time, which simplifies the production process. In addition, the uses of 3D printing service have grown rapidly as it provides better speed, higher precision, and finer resolution.
The growth of the 3D Printing market is majorly driven by government investments in 3D printing projects coupled with ease in development in customized products. Furthermore, a reduction in manufacturing cost and process downtime is anticipated to drive the growth of the market. However, lack of standard process control and limited availability &high cost associated with 3D printing materials act as prime restraints of the market. On the contrary, the rise in utilization of 3D printing in healthcare sectors and applications in various industries paired with improved manufacturing processes are anticipated to provide lucrative opportunities for the expansion of the
3D Printing industry during the forecast period.
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Competitive Analysis:
The 3d printing industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the 3d printing market include,
● Arcam AB
● Organovo Holdings, Inc.
● 3D Systems Corp.
● Optomec Inc
● Autodesk, Inc.
● Voxelijet AG
● Hoganas AB
● Stratasys Ltd.
● Protolabs
● ExOne Company
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international security screening market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
● This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the 3d printing market analysis from 2020 to 2030 to identify the prevailing 3d printing market opportunities.
● Market research is offered along with information related to key drivers, restraints, and opportunities.
● Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
● An in-depth analysis of the 3d printing market forecast segmentation assists to determine the prevailing market opportunities.
● Major countries in each region are mapped according to their revenue contribution to the global market.
● Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
● The report includes the analysis of the regional as well as global 3d printing market trends, key players, market segments, application areas, and market growth strategies.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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