3D Printing Market to Reach US$ 24.8 Billion by 2024 - IMARC Group

1. Global 3D Printing Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global 3D Printing Market Overview: As per the latest report by IMARC Group, titled “3D Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global 3D printing market size reached US$ 9.2 Billion in 2018. 3D printing, also known as additive manufacturing, is a process through which three dimensional solid objects are created using a digital file from computer design software. In this process, the products are generally prepared using a series of additives or layered development framework to form an object which avert the need for drilling, cutting, etc. In comparison with the conventional printing technologies, 3D printing offers advantages including stability, durability, flexibility, high-sensitivity and the elimination of raw material wastage. As it aids in creating 3D objects of any shape and size without the use of molds or machines, it is gaining immense traction among consumers around the world. Request for a free sample report: https://www.imarcgroup.com/3d-printing-market/requestsample 3D Printing Market Trends As 3D printing technology assists users in forming digital models, it is widely used in the automotive industry for manufacturing prototypes and different functional parts.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ In Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Moreover, it is employed in the fashion industry to create jewellery and nylon-based clothing designs. Customized braces, tooth implants and hearing aid shells are also produced using this technology in the healthcare sector. This is expected to increase the applications of 3D printing, especially in the aerospace industry, to manufacture lighter aircraft parts, frames and structures. Looking forward, the 3D printing market is expected to reach a value of US$ 24.8 Billion by 2024, expanding at a CAGR of around 18% during 2019-2024.

5. Report Description and Highlights Report Description Apart from this, manufacturers are financing research and development activities to build prosthetic parts with the help of biological materials including skin, bone and cartilage. In addition to this, the emergence of metal 3D printing technologies, such as binder jetting, has helped in minimizing the overall production time as well as costs. Key Market Segmentation: Market Segmentation by Technology • • • • • • Stereolithography Fused Deposition Modeling Selective Laser Sintering Electron Beam Melting Digital Light Processing Others Based on the technology, the market has been segmented into stereolithography, fused deposition modeling, selective laser sintering, electron beam melting, digital light processing and others. Currently, stereolithography dominates the market, holding the largest share.

6. Report Description and Highlights Report Description Market Segmentation by Process • • • • • • • Binder Jetting Directed Energy Deposition Material Extrusion Material Jetting Powder Bed Fusion Sheet Lamination Vat Photopolymerization On the basis of the process, the market has been divided into binder jetting, directed energy deposition, material extrusion, material jetting, powder bed fusion, sheet lamination and vat photopolymerization. The powder bed fusion process currently accounts for the majority of the total market share. Market Segmentation by Material • • Photopolymers Plastics

7. Report Description and Highlights Report Description • • Metals and Ceramics Others The market has been analyzed on the basis of the material into photopolymers, plastics, metals and ceramics, and others. Amongst these, photopolymers exhibit dominance in the market. For more information, click here: https://www.imarcgroup.com/3d-printing-market Market Segmentation by Region • • • • • North America Europe Asia Pacific Middle East and Africa Latin America Region-wise, the market has been classified into Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. At present, North America is the leading market, holding the majority of the global share.

8. Report Description and Highlights Report Description Segmentation by Offering • • • • Printer Material Software Service Based on the offering, the service segment holds the biggest share, thereby dominating the market. Other major segments include printer, material and software. Market Segmentation by Application • • • Prototyping Tooling Functional Part Manufacturing On the basis of the application, the market has been segregated into prototyping, tooling and functional part manufacturing. Presently, prototyping accounts for the majority of the global market share.

9. Report Description and Highlights Report Description Market Segmentation by End-User • • • • • • Consumer Products Machinery Healthcare Aerospace Automobile Others Based on the end user, consumer products exhibit dominance in the market. Other major end users include machinery, healthcare, aerospace and automobile. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • • • Stratasys 3D Systems Materialise

10. Report Description and Highlights Report Description • • • • • • • • • • • • • EOS GmbH Ge Additive Exone HP SLM Solutions Envisiontec Protolabs Mcor Technologies Optomec Ultimaker Renishaw Beijing Tiertime Technology Xyzprinting Browse Related Report Cloud Security Software Market: https://www.imarcgroup.com/cloud-security-software-market Electrical Enclosure Market Report: https://www.imarcgroup.com/electrical-enclosure-market

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13. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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