The
industrial 3D printing market is witnessing significant growth owing to the
increase in demand for industrial 3D printing technology for applications such
as tooling, heavy equipment and machinery, and robotics in industries such as
automotive, aerospace and defense, healthcare, printed electronics, foundry and
forging, jewelry, and food and culinary. The overall industrial 3D printing
market is expected to grow at a CAGR of 27.21% between 2018 and 2023. The major
players in the industrial 3D printing market include 3D Systems Corporation
(US), Stratasys Ltd. (US), EOS GmbH (Germany), Materialise NV (Belgium), The
ExOne Company (US), Voxeljet AG (Germany), EnvisionTEC GmbH (Germany), Arcam AB
(Sweden), Concept Laser GmbH (Germany), Optomec Inc. (US), SLM Solutions Group
AG (Germany), GROUPE GORGÉ (France), Renishaw plc (UK), Koninklijke DSM N.V.
(Netherlands), Höganäs AB (Sweden), ARC Group Worldwide, Inc. (US), Markforged,
Inc. (US), Cookson Precious Metals Ltd. (UK), and Sculpteo (France).
The
major players adopted the strategies of agreements, partnerships, and
collaborations; mergers and acquisitions; and product launches and developments
to expand their presence in the industrial 3D printing market. For instance, in
May 2017, Stratasys Ltd. (US) announced the extension of its partnership
agreement with Desktop Metal (US) to increase accessibility and adoption rate
of metal 3D printing. Stratasys also entered into a 3-year partnership
agreement with Boom Supersonic in June 2017. Boom Supersonic is a US-based
aerospace company, and with this agreement, Stratasys is expected to offer
advanced tooling and production-grade aircraft parts to its customers, which
are based on the FDM 3D printing technology of Stratasys.
3D
printers offered by Stratasys are marketed under the Idea Series, Design
Series, Production Series, and Dental Series. Stratasys Ltd. provides 3D
printing solutions for various industries such as automotive, aerospace and
defense, industrial, recreational, electronic, medical, and consumer goods. The
company prominently focuses on product launches and developments; and
partnerships, collaborations, and agreements with other companies to lead the
competition in the global industrial 3D printing market. For instance, in
November 2017, Stratasys launched BioMimics-3D printed replicas of complex
anatomical structures meant for the healthcare industry; the company also
collaborated with e-Xstream engineering (Luxembourg) for accessing its process
modeling and structural analysis numerical tools and integrate those with
Stratasys additive manufacturing solutions.
3D
Systems (US) operates through one business segment, and its 3D printing
offerings comprise products, materials, and related services. The company
provides a comprehensive range of 3D printers, software support, haptic
devices, scanners, and virtual surgical simulators. These offerings of the
company are used across a wide range of industries such as aerospace and
defense, architecture, art and entertainment, automotive, culinary, education,
energy, healthcare, hobbyist, and jewelry. As part of its integrated solutions
approach, the company also offers 3D printing consumables such as plastic,
nylon, metal, and composite materials under several brand names including
Accura, DuraForm, CastForm, LaserForm, and VisiJet. In 2017, 3D Systems
introduced various products and solutions pertaining to the industrial 3D
printing market. These launches include Figure 4 platform with a high-speed
digital molding process; DMP 8500 Factory Solution, ProX SLS 6100, ProJet MJP
5600, ProJet MJP 2500W, and VisiJet M2 CAST RealWax material; and expansion of
VSP service for the healthcare industry. Also, in 2017, the company expanded
the reach of its e-commerce platform of on-demand manufacturing services to
Europe, the Middle East, and Africa (EMEA).
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