3D PRINTING MARKET TO GROW AT A HIGH CAGR BETWEEN 2016 AND 2022
The 3D printing market is expected to reach USD 30.19 billion by 2022, at a CAGR of 28.5% between 2016 and 2022. 3D printing is used to develop prototypes and end products in industries such as automotive, medical, aerospace, defense, dental, biomedical, jewelry, art, architecture, fashion designing, and interior designing among others. Along with these, electronics, robotics, spacecraft, construction, organ transplantations, food, and other industries have also started adopting the 3D printing technology. The market is growing rapidly, and it is now focusing on the production of end parts with the development of technologies and metal powdered materials.
The break-up of profile of primary participants is given below:
• By Company Type: Tier 1 – 25%, Tier 2 – 45% and Tier 3 –30%
• By Designation: C-Level – 35%, Director Level – 40%, Others – 25%
• By Region: North America – 45%, Europe – 35%, APAC – 15%, RoW – 5%
The major players in the 3D printing market include 3D Systems Corporation (U.S.), Stratasys Ltd. (U.S. & Israel), the ExOne Company(U.S.), Voxeljet AG (Germany), Arcam Group (Sweden), SLM Solutions Group AG (Germany), EOS GmbH (Germany), EnvisionTEC GmbH (Germany), Materialise NV (Belgium), Sciaky Inc. (U.S.), Concept Laser GmbH (Germany), Autodesk, Inc. (U.S.), Hoganas AB (Sweden), Renishaw PLC (U.K.).
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