A Summary of Global Forecast on 3D Printing Industry to 2020

SHENZHEN, February 13, 2015 (Newswire.com) - According to the newest report of Research and Markets, the 3D printing market is expected to increase at a Compound Average Growth Rate of 14.37% between 2014 and 2020. The consumer segment will hold the major application market of 3D printing. Stereo lithography technology is expected to dominate over the other technologies with the largest share in the market in the coming years.

Overall Description

3D printing has several advantages like lower resource requirement, faster production cycle, flexible design, and substantial savings on tooling over traditional manufacturing technologies such as injection molding, CNC machining, and vacuum casting. This is very conducive in the manufacturing of low-volume customized products of high value. 

The report provides a detailed view of the 3D printing forecast with regards to the technologies, materials, and applications market and also presents the detailed market segmentation, with qualitative and quantitative analysis of each and every aspect of the segmentation done by technology, material, application, and geography. This report has depicted every aspect of 3D printing, and due to substantial and genuine researches and studies, it can be labeled as a reliable forecast for rapid prototyping industry in the coming years.

Application

3D printing is employed across diverse industries such as aerospace industry, automotive industry, consumer products, health care, government & defense, industrial/business machines, education & research, and others (arts, architecture, and forensics). It is changing the current scenario of the market with various applications. Among them, health care and aerospace are the fastest-growing application areas for 3D printing. And consumer products represent the major application market followed by the automotive industry.

Technology 

The technology segment comprises SLA, Binder-Jetting, Poly-Jet, Laser Sintering, Electron Beam Melting (EBM), FDM, Laminated Object Manufacturing (LOM), Three Dimensional Inkjet Printing (3DP), and other proprietary technologies. In the 3D printing market by technology, stereo lithography accounts for the largest percentage share, followed by poly-jet technology. Major giants involved in 3D printing equipment and services are mentioned in the report, other new 3D printing players are also mentioned.

Other Contents

The report also provides the geographic view for major regions, i.e., the Americas, Europe, Asia-Pacific, and rest of the World. The 3D printing market has the largest market in the Americas. APAC and Europe are also estimated to grow at a high rate in the forecasted period. The 3D printing market by material comprises plastics, metals, ceramics, and others (wax, lay-wood, paper, and others). This report also discusses the burning issues and market dynamics for the 3D printing market.