The industrial
3D printing market is projected to grow from USD 2.0 billion in 2020 to USD 5.3 billion by
2025, at a CAGR 20.9% between 2020 and 2025. Factors such as huge investments
in 3D printing by start-ups companies, increased focus on high-volume
production using 3D printing, high demand for 3D printing software to produce
industry-grade parts, and ease in development of customized products, significant
demand for online 3D printing are driving the growth of the industrial 3D
printing market.
Factors that
will drive the post-COVID-19 industrial 3D printing market growth include the
growing need for 3D printing to provide aid to the disrupted supply chain, a
step taken by companies to produce a range of products in a shorter time. For
the long-term benefit, companies are moving toward creating a digital
inventory. For this, companies will have to start adopting new strategies,
making radical changes to ensure that they are not in a situation similar to
what they are currently facing due to a possible future pandemic/disaster. As
such, industrial 3D printing forms an integral part of digitization plans in
organizations, which will now fastrack in the coming years to regain momentum.
North
America is projected to hold the largest size of the industrial 3D printing
market during the forecast period.
North America held
the largest share of the industrial 3D printing market in 2019due to
technological advancements and the high adoption of technology in a vast range
of industries. The industrial 3D printing market in APAC is expected to grow at
the highest CAGR from 2020 to 2025, driven by the increasing adoption of 3D
printers and materials in several sectors, such as printed electronics,
healthcare, energy, and jewelry, in this region. The market in Europe is
expected to grow at a significant rate during the forecast period owing to the
increasing demand for 3D printing from the automotive and aerospace & defense
industries.
Download PDF
Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160028620
Key Market
Players
Stratasys
(Israel/US), 3D Systems (US), Materialise (Belgium), EOS (Germany), GE Additive
(US), ExOne (US), voxeljet (Germany), SLM Solutions (Germany), EnvisionTEC
(Germany), and HP (US) are some of the key players in the industrial 3D
printing market.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B
research on 30,000 high growth niche opportunities/threats which will impact
70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers
worldwide including 80% of global Fortune 1000 companies as clients. Almost
75,000 top officers across eight industries worldwide approach
MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at
MarketsandMarkets™ are tracking global high growth markets following the
“Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with
the clients to identify new opportunities, identify most important customers,
write “Attack, avoid and defend” strategies, identify sources of incremental
revenues for both the company and its competitors. MarketsandMarkets™ now
coming up with 1,500 MicroQuadrants (Positioning top players across leaders,
emerging companies, innovators, strategic players) annually in high growth
emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000
companies this year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive
intelligence and market research platform, “Knowledgestore” connects over
200,000 markets and entire value chains for deeper understanding of the unmet
insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
No comments:
Post a Comment