The latest report on 3D Printing Devices Services and Supplies Market by Infinium Global Research gives complete coverage of the 3D Printing Devices Services and Supplies Market by technology (extrusion, jetting, powder bed fusion, vat photopolymerization, stereolithography, sheet lamination,), applications (aerospace, healthcare, automotive, industrial, jewelry, energy) in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of 3D Printing Devices Services and Supplies such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. The global 3D printing devices services and supplies market is projected to grow at a CAGR of 28% over the forecast period of 2018-2024.
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3D printing, also known as additive manufacturing creates physical objects from a digital design file. It uses input substrate materials using a layer upon layer printing method. There are seven major 3D printing technologies available today, which include vat photopolymerization, material extrusion, material jetting, binder jetting, powder bed fusion, direct energy deposition and sheet lamination. 3D printing uses a layer-by-layer, particle-by-particle approach to manufacturing, it is able to make very complicated shapes that are indescribable using a traditional process such as molding, machining or casting. Various materials used in 3D printing manufacturing include plastics, ceramics, wax, metals, sand, glass and biomaterials.
Defense and Automotive are the Most Mature Industries in Applying 3D Printing
The benefits of 3D printing today go way beyond just making models and prototypes. 3D printing is becoming a way of making components and products sold across the supply chain from the bracket in the aircraft door to the dental aligner in the teenager’s mouth. They are also used in dental laboratory to the jewelry retailer, from the aerospace factory to the hospital basement.3D printing has been transforming over the past several years and there is growing evidence that the innovations in technology and materials have finally brought it beyond the publicity stage. Aerospace, defense and automotive are the most mature industries in applying 3D printing.
Nevertheless, growing awareness of 3D printing in the market and a readiness to leverage the technology for prototyping, tools, fixtures and even finished products are increasing in several other industries. 3D printing is also becoming a powerful solution for manufacturing personalized and patient-specific products, along with lightweight, efficient and optimized components. Growing awareness about 3D printing, increasing benefits, increased the ability to innovate, reduced lifecycle costs by using 3D printing, and reduced time to market are few factors promoting the growth of this market.
3D Printing Technologies and Increasing Demand for Organ Transplantation Propelling the Market Growth
In addition to these growth drivers, the technological developments in healthcare 3D printing as well as growing government and private funding to support the development of new healthcare 3D printing technologies and increasing demand for organ transplantation propelling the market growth further. 3D printing enables the economic manufacture of low-volume products and single-unit batches. This enables us to make both customized and personalized products that respond to the needs of consumers and patients.
However, there are certain restraining factors that could hinder the market in the future, which include quality and regulatory issues, lack of sufficient 3D printing experts, challenges related to choosing the right candidate for 3D printing, reimbursement challenges, and Bio-compatibility challenges. Furthermore, the emergence of cloud-based 3D printing service providers increased vertical applications, and improved market consolidation are among the latest trends that would drive the market in the coming future.
North America Dominated the 3D Printing Devices, Services, and Supplies Market
Among the geographies, North America dominated the 3D printing devices, services, and supplies market. The growth in the North American region is due to the established players in the U.S. Growing awareness about the benefits of using 3D printing mainly in the medical devices, automotive, military, and Aerospace Europe is anticipated to be the second largest region followed by Asia Pacific region. Italy, Germany, France, and Sweden are the major countries offering lucrative opportunities for the players to grow in the 3D printing market over the years to come.
Table of Content:
Chapter – 1 Preface
Chapter – 2 Executive Summary
Chapter – 3 Global 3D Printing Devices Services and Supplies Market Overview
Chapter – 4 3D Printing Devices Services and Supplies Market Macro Indicator Analysis
Chapter – 5 Global 3D Printing Devices Services and Supplies Market by Technology
- Powder Bed Fusion
- Vat Photopolymerization
- Sheet Lamination
- Direct Energy Deposition
Chapter – 6 Global 3D Printing Devices Services and Supplies Market by Applications
- Healthcare Automotive
Chapter – 7 Global 3D Printing Devices Services and Supplies Market by Region 2018-2024
- North America
Chapter – 8 Company Profiles and Competitive Landscape
- 3D Systems
- Materialise NV
- Arcam AB
- The ExOne Company
- Proto Labs
- ARC Group Worldwide
- EOS GmbH
- SLM Solutions
Chapter – 9 Appendix
- Primary Research Findings and Questionnaire
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