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Global 3D Printing Industry Trends And Market Segment Forecasts To 2020 - GrandViewResearch

Press Release   •   Dec 20, 2013 01:42 EST

3D printing enables the production of physical items while eliminating the traditional manufacturing channel. A part of additive manufacturing (AM), 3D printing has evolved from prototyping in various applications to the development of actual usable parts and products. This process involves building products through layering, without the intervention of cutting, drilling, etc. As a result, tweaking the underlying software helps in creation of different items. However, this technology differs from mass production, which results in a large volume of identical parts at low cost. While the majority of the items produced using 3D printing have been mock-ups and prototypes, producers are migrating towards manufacturing low-volume products to be used across various industries. 

The foremost advantage of 3D printing is the production of spare parts which cannot be easily obtained otherwise. Conventional methods of manufacturing include injection molding, which is used for making larger parts such as body panels for automobiles. The automotive segment is expected to remain the largest and fastest growing over the forecast period, and accounted for over 40% of the overall market share in 2012. Healthcare is another key application, and majority of the hearing-aid shells are produced using this technology. Large number of dental labs in North America coupled with the need for production of accurate and standardized parts is a major contributor to expected increase in demand for 3D printing. On account of technological development and presence of major participants, the European market is expected to grow at a CAGR of 20.4% from 2013 to 2020. 

Various raw materials used for making objects via 3D printing include polymers, metals, and ceramic among others. Amongst these, the most widely used polymer is Acrylonitrile Butadiene Styrene (ABS). Producers are transitioning towards using metals; however, the associated printers are more expensive in comparison to those that work with thermoplastics and other polymers. As a result, polymers are expected to continue dominating the global market in the coming years. Intensifying competition is expected to result in lowered prices and increased shipments of 3D printers in the coming years. With products maturing rapidly, and iteratively enhancing technology reducing the gap between objects made using 3D printing and conventional methods, the market is expected to witness growing demand over the forecast period. Copyright infringements and intellectual property (IP) issues are a considerable barrier to the industry at present. Currently, one-off products are manufactured using 3D printing; as a result, patents and IP have not been a deciding factor for production. However, for migration of this activity from hobbyist communities to mass production, resolving this issue is tantamount to commercialization.

Read The Complete Report with TOC @ http://www.grandviewresearch.com/industry-analysis/3d-printing-industry-analysis

Our market research study takes a closer look at the 3D printing industry, providing a holistic perspective on market dynamics and trends. Our report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key applications including automotive, aerospace, medical, and consumer products among others. Additionally, the report also studies the market on the basis of raw materials employed during manufacturing, such as polymers, metals, ceramics, etc. The report also provides the same level of information for key regional markets along with yearly forecast up to 2020. 

The research report analyzes various factors which has been driving and inhibiting the global 3D printing market in the past. In addition, the research report analyzes the impact of each driver and restraint on the market growth based on which the market is forecasted. The report also showcases the opportunities available in the market which may act as future drivers for the market. 

Our market research reports are developed using a 3600 methodology, which provides a balance between published authenticated data and exclusive primary research. We conduct exhaustive primary interviews with key industry participants, in order to enable readers to get a realistic feel of the industry pulse and facilitate decision making. Our unique excel-based reports not only provide key insights on the industry, but also quick and easy data access, with enhanced usability at minimum effort. 

Our market research study attempts to provide insights to senior and top-level management, on critical industry questions such as the current and expected market revenue, drivers, restraints, opportunities and key trends in the market and how will these trends impact the market in coming years. Demand estimate and forecast for key 3D printing raw materials in the market have been provided in the study. The report also throws light on key applications for growth opportunities for manufacturers and the competitive landscape along with market presence of key participants.


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