DUBLIN, August 03, 2021--(BUSINESS WIRE)--The "3D Printing Market, Global Forecast, Additive Manufacturing Industry Trends, Impact of Coronavirus, Growth, Opportunity, and Company Analysis" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the global demand for 3D Printing Industry will grow with a staggering CAGR of 28.21% from 2020 to 2027.
Carpenter Technology Corporation
3D Systems Corporation
Worldwide 3D printing is becoming a mainstream manufacturing technology. It is becoming more accessible globally as consumers have begun to innovate across various industries. 3D printing is extensively adopted in the industrial sector owing to the increasing need for enhanced product manufacturing. 3D printing is also known as additive manufacturing, and its technology creates objects. It offers a plethora of opportunities in the production, design, performance of novel architectural forms, construction systems, and materials. It is a faster, innovative, and more agile method of product development and production. According to the publisher, the Global 3D Printing Market is expected to be US$ 48.4 Billion by 2027.
Across the Globe, 3D printing and related technologies are emerging continuously in line with the intensive R&D activities being undertaken and the proactive investments being made by the private sector and the public sector. Globally, Government funding and encouraging initiatives being undertaken in expanding economies are prompting manufacturers to pursue new technologies. For example, the Dutch government has spent US$ 150 Million in 3D printing-related research and innovation. Another example: the Austrian federal government and the state of Lower Austria have purred two funding packages to support investments in 3-D printing. As per our analysis, Global Additive Manufacturing Market was valued at US$ 8.5 Billion in 2020.
3D Printing Uses in Industry
3D printing currently represents only a tiny percentage of the overall US$ 12 Trillion manufacturing industry. But there is hope that the proportion of additively manufactured components is only set to grow further over time. 3D printing technology is frequently used for mass customization, producing open-source designs in healthcare, automotive, Consumer Electronics, Power & Energy, and aviation.
North America has the largest market share globally due to the extensive adoption of 3D printers for 3D designing, 3D modeling, and 3D manufacturing in several industries. On the other hand, in the Asia Pacific, countries like China, Japan and India have immense potential and is helping in the formulation of efficient processes in the aerospace sector, with aircraft manufacturers investing an enormous amount of capital in 3D technology for the production of jet engine combustion nozzles, turbine blades, and structural parts.
COVID-19 IMPACT on 3D Printing Industry
The outbreak of the COVID-19 pandemic has significantly impacted the overall global economy and, subsequently, the 3D printing industry. It has halted the production process and led to a shortage of raw materials thus, hampering the supply chain. However, along with the COVID-19 pandemic, the urgent need for 3D printing in medical devices and specialized products, especially 3D printing equipment, has been overwhelming.
Key Topics Covered:
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
5. Global 3D Printing Market
6. Market Share - Global 3D Printing Analysis
6.1 By Component
6.2 By Application
6.3 By Vertical
6.4 By Technology
6.5 By Region
7. Component - Global 3D Printing Market
7.4 Other Service
8. Application - Global 3D Printing Market
8.1 Prototyping and Tooling
8.2 R&D and Innovation
8.3 Manufacturing complex Products
9. Vertical - Global 3D Printing Market
9.2 Aerospace & Defence
9.4 Consumer Electronics
9.5 Power & Energy
10. Technology - Global 3D Printing Market
10.1 DMLS-(direct metal laser sintering)
10.2 SLS-(selective laser sintering)
10.3 FDM-(fused deposition modeling)
10.5 EBM-(inkjet printing, electron beam melting)
10.6 MJP-(polyjet/multijet printing)
10.7 Inkjet Printing
10.8 LMD-(laser metal deposition)
10.9 DLP-(digital light processing)
10.10 LOM-(laminated object manufacturing)
10.11 Other Technologies
11. Region - Global 3D Printing Market
11.1 North America
11.4 Rest of World
12. Key Players
For more information about this report visit https://www.researchandmarkets.com/r/rhrkum
View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005848/en/
Laura Wood, Senior Press Manager
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