The North American regional market dominated the global 3D printing industry in terms of revenue in 2016, accounting for the maximum market share. The growth may be attributed to the increasing technological advancements and the region’s economic potential to invest in emerging technologies. The U.S. and Canada are some of the prominent and early adopters of emerging technologies across various manufacturing practices. These factors offer lucrative opportunities for 3D printing in different applications in the North American region.
Europe being the largest region in the world consists of several industry players operating actively in the additive manufacturing industry. The region has a strong hands-on technical expertise and an absolute know-how of additive manufacturing, which has made it the second-largest market.
On the other hand, the Asia Pacific region is anticipated to witness a remarkable growth in the 3DP market. The region is anticipated to register a CAGR of 20.4% from 2017 to 2025. The regional countries such as Japan, China, and South Korea are expected to emerge as the promising adopters of the additive manufacturing over the forecast period in the manufacturing practices in the various industry verticals.
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