Global 3D printing Material Market is expected to grow at CAGR of 15% during the forecast period of 2019-2026.
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While original equipment manufacturers (OEMs) and suppliers predominantly use 3D Printing for rapid prototyping, the technical course of AM makes a solid case for its usage in product innovation and mass production in the future.
As compared to traditional manufacturing processes 3D Printing technology can produce components with fewer design restrictions making it flexible enough to manufacture products with custom features and complex geometries. Furthermore lower handling cost, as well as lower inventory cost, decentralized production, a wider range of amenable materials, improved product quality and reduced post-processing, are some other compelling driving forces to opt for this technology over traditional ones.
Looking at the restraints one cannot ignore its inability when it comes to mass production. Also manufacturing large parts, standardization issues, high cost, low availability of 3D printers and lack of skilled labors are the present hindrances in the path of this flourishing technology. In spite of all these constraints, with the current advances, AM has been instrumental in bringing newer designs; cleaner, lighter, and safer products; shorter lead times and lower costs.
Trans-Sectoral Utility of 3D Printing is a boon for the manufacturing industry as the whole. All major sectors including Automotive Industry, Aerospace, and Defence, Healthcare, Architecture have adapted it and the extent of usage definitely has an upward trajectory in the near future.
As per our research analyzing numerous data sources, it can be confidently concluded that Global 3D printing material market is expected to reach $18.11 Billion by 2024, from 2015 value of $5.31 Billion, growing at a rate of 15%. The growth trajectory of 3D Printing Material market is as shown in the following graph.
Major leading Manufacturers across various industries like Toyota, Ford, Mercedes-Benz from Automotive industry are adopting AM technology to produce essential machine parts, which shows the signs of a favorable change in the Global 3D Printing Material Market…The manufacturing world is at the doorstep of the next industrial revolution and it will not be a surprise that 3D Printing has to play a pivotal and decisive role in it.
The objective of the report is to present comprehensive analysis of Global 3D Printing Material market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Global 3D Printing Material market dynamics, structure by analyzing the market segments, and project the Global 3D Printing Material market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global 3D Printing Material market make the report investor’s guide.
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Global 3D Printing Material Market, by Technology
• Selective Laser Sintering
• Electron Beam Melting
• Fused Deposition Modeling
• Laminated Object Manufacturing
Global 3D Printing Material Market, by Industry
• Aerospace and Defence
• Tools and Components
• Home Printing
Global 3D Printing Material Market, by Input Materials
• Metals and alloys
Global 3D Printing Material Market, by Applications
• Prototyping and Tooling
• Manufacturing of Complex Parts
Global 3D Printing Material Market, by Form
Global 3D Printing Material Market, by Region
• North America
• South America
• Middle East and Africa
Global 3D Printing Material Market, Research Methodology:
Bloomberg, Deloitte are some of the sites in addition to International Journal of Mechanical and Production Engineering, 2017 that are being referred to gain insights about global 3D Printing manufacturing market. Data triangulation techniques in addition to other comparative analysis were carried out between various secondary sources. The data points have been obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. While taking interviews, KOLs from both demand and supply side were taken into consideration to minimize the bias. The bottom-up approach was used during collecting and analyzing the data points thus to comprehend micro-level as well as macro-level scenario vividly.
Key players of The Global 3D Printing Material Market:
• Arcam Ab
• Chizel Prints Manufacturing Pvt. Ltd
• Concept Laser
• Envisiontec Inc.
• Eos GmbH
• Hoganas Ab
• Materialise Nv
• Organovo Holdings Inc
• Optomec Inc.
• Ponoko Ltd.
• Stratasys Inc.
• Voxeljet Ag
• 3D BOX
• 3D Vinci Creations
• Altem Technologies
Global 3D Printing Material Market, Key Target Audience:
• 3D Printing manufacturers
• Traders, Distributors, and Suppliers
• Industry associations and experts
• Research organizations and consulting companies.
• Research Institutes
• Industry associations
• Market research and consulting firm.
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