According to the new
research report "Automated 3D Printing Market by Offering (Hardware, Software, and
Services), Process (Material Handling, Automated Production, Part Handling,
Post-Processing, and Multiprocessing), End User (Aerospace & Defense,
Healthcare), and Geography - Global Forecast to 2023", The automated 3D
printing market is projected to reach USD 1,793 million by 2023 from USD 196
million by 2018, at a CAGR of 55.65%. Major drivers for the market growth are
the increased focus on efficiency and cost of production, growth in adoption of
robotics for industrial automation, and growing need to automate
post-processing. The major restraint for the market is the high cost of
installation of automation equipment.
Hardware to hold largest size
of automated 3D printing market during forecast period
Hardware is expected
to hold the largest share for automated 3D printing market based on offering.
Among the types of hardware, the adoption of robots is proving to be beneficial
for the companies to achieve complete automation. The end users are introducing
robots in their 3D printing processes for significant transformation in terms
of increased productivity and efficiency, leading to higher levels of output,
product quality, and flexibility. The robots are used to automate the 3D
printing processes, and their adoption is increasing in automated 3D printing
as they are easily programmable and can perform the tasks at an accelerated
pace. Major companies such as Voodoo Manufacturing and Universal Robot are
investing heavily on the robots.
Automated 3D printing market for
multiprocessing to grow at highest CAGR during forecast period
Of all the
processes, the market for multiprocessing is expected to grow at the highest
CAGR during 2018–2023. The multiprocessing 3D printing leads to an increase in
component functionality. It is an additive manufacturing process enhanced with
the complementary processes, such as machining, cutting, dispensing, and
robotic placement. This increases the adoption of automation in the 3D printing
for multiprocessing.
North America to hold largest size of
automated 3D printing market during forecast period
North America is
expected to dominate the automated 3D printing market, with the largest share,
during 2018–2023. North America has been receptive to the 3D printing
procedures since its early days. The presence of the well-established 3D
printing solutions providers supports the increasing the automation of 3D
printing system to improve efficiency and speed. The university grants provided
by the federal government to develop 3D printing labs and technologies also
drive the growth of the automated 3D printing market in this region.
Key players in the
automated 3D printing market include Stratasys (Israel), ExOne(US), 3D Systems
(US), Materialise (Belgium), Universal Robot (Denmark), Formlabs (US), EOS GmbH
(Germany), SLM Solutions (Germany), Concept Laser (Germany), Coobx (Liechtenstein),
Authentise (US), Renishaw (UK), NVBOTS (US), PostProcess Technologies (US), and
DWS System (Italy).
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