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(MoneyNewsWire.Net, January 04, 2019 ) The global 3D printing market potential can be assumed by the intensity of market value for the 3D printing devices, services and supplies market, which was valued at around $5.5 billion in 2015; further, the 3D printing market growth suggests that it is expected to reach nearly $25 billion by 2022.
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The market is segmented into seven sub-segments including aerospace,
industrial (including construction), healthcare, automotive, jewelry, energy and others, which includes education, research, architecture, etc. Among these 3D printing market sectors, aerospace, healthcare and industrial applications command a major market share of about 50% of total market share jointly. The large share of these industries can be attributed to the significant public and private funding to develop 3D printing technologies and the number of applications.
Latest 3D printing market trends suggested by TBRC’s inhouse consultants show that the development over the past decade have resulted in 3D printing’s expansion beyond prototyping. Technological advances that enable the manufacture of high-quality products and an array of new ingredients, from metals, ceramic to organic material, have encouraged companies to consider 3D printed parts within their own products. These factors together will likely drive the market in future.
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The 3D printing markets for healthcare, jewelry and energy industrial applications are expected to grow at the highest CAGR of about 30% for each of them during the forecast period of 2018 to 2022. The 3D printer market growth in these particular 3D printing market sectors are majorly attributed to the increasing awareness about 3D printing technology, rising government initiatives to support innovation of novel applications of 3D printing technology for the healthcare industry, growing demand for organ transplantations, and increasing operational efficiency with 3D printing technologies in these industries.
Major companies involved in 3D printing market are 3D Systems Corporation, Arcam AB, The ExOne Company, Stratasys Ltd., and EOS GmbH Electro Optical Systems. 3D printer sales figures for each of the companies are mentioned in the report along with latest 3D printing
market trends.
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