Upcoming Opportunity in 3D Printing Market

1. Upcoming Opportunity in 3D Printing Market The global 3D printing market was valued at USD 10.5 billion in 2018 and is expected to reach USD 35.9 billion in 2026, growing at a CAGR of 16.54% during the forecast period. 3D printing is nothing but an additive manufacturing process in which a physical object is made from a three-dimensional digital model, characteristically by laying down many thin layers of a material in succession. 3D printing process was first introduced in early 1980s by elaborating manufacturing of three-dimensional plastic models. Download Sample Of This Report @https://www.alltheresearch.com/sample- request/215 3D printing finds huge application in wide range of end use industries such as healthcare, automotive, construction and aerospace among others. It is used in surgical processes in form of 3D printing-centric therapies which originally began in mid-1990s under anatomical modelling of reconstructive surgery planning. Later years saw the evolution of 3D printing-centric therapies in form of design and production of patient-matched implants. Additionally, numerous automotive manufacturers employ 3D printing technology to develop innovative designs with low production costs and lesser weight. Notably, the United States Air Force and the Israeli Air Force actively employ a 3D printer to design and produce spare parts of defence aircrafts. Rising demand for 3D printing in end-use industries like building & construction and automotive & transportation in emerging countries is the key factors attributed to the market growth. Furthermore, investment inflow in 3d printing projects building is also expected to fuel the market growth during the forecast period. On the other hand, restraints on product size and limited availability of raw materials are some of the factors which are proving to be major hindrance to this market. However, adoption of 3D printing in several applications is expected to create major growth opportunities during the forecast period. Key Findings:

2. •Based on the offering, the service segment is expected to grow at the highest CAGR of around 21% during the forecast period •Based on the application, the automotive segment accounted for almost 35% share in the market in 2018 •North America accounted for nearly 32% share of the global 3D printing market in 2018 Recent News: •In September 2018, EOS GmbH (Germany) expanded its product portfolio by introducing EOS M 300-4 3D printer. The product tis equipped with 4 lasers which offer variable laser power sources. •In December 2017, GE Additive (US) initiated a manufacturing facility at Härryda, Sweden which focuses on 3D printing business. About AlltheResearch: AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it’s not just sheer data-points, but the right analysis that creates a difference. For all your Research needs, reach out to us at: 39180 Liberty Street Suite 110, Fremont, CA 94538, USA Contact Person: Rohit B. Email: contactus@alltheresearch.com US: 1-888-691-6870