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Insights on the 3D Printing Global Market to 2026 - Featuring Stratasys, Sisma and Hewlett Packard Among Others - ResearchAndMarkets.com

The "3D Printing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The 3D printing market was valued at USD 13.7 billion in 2020 and is expected to reach a value of USD 63.46 billion by 2026, at a CAGR of 29.48% over the forecast period (2021 - 2026).

Companies Mentioned

  • Stratasys Ltd.
  • 3D Systems Corporation
  • EOS GmbH
  • General Electric Company (GE Additive)
  • Sisma S.P.A.
  • ExOne Co.
  • SLM Solutions Group AB
  • Proto Labs Inc.
  • Hewlett Packard Inc.
  • Nano Dimernsion Ltd.
  • Ultimaker B.V.
  • Mcor Technologies
  • Xyzprinting
  • Beijing Tiertime Technology
  • Renishaw
  • Royal DSM
  • Nano Dimension

Key Market Trends

Selective Laser Sintering (SLS) Technology is Expected to Lead the Market

  • Selective Laser Sintering (SLS) has been identified as the most preferred technology. It is expected to record the highest CAGR over the forecast period, owing to its various benefits over other technologies.
  • SLS utilizes 12 powder nylon for raw material, as a substitute to the photosensitive resin used in Stereolithography. Companies and research organizations worldwide have been identified to take advantage of this material and technology to tackle concerns, such as the brittle nature of the resin when exposed to sunlight. In addition to that, SLS has also been proven to be cost and material friendly, as it does not require any dedicated support structure post-printing. In addition to that, SLS provides enhanced durability and can perform, as well as either functional parts or in prototypes.
  • SLS further finds a wide array of applications across various verticals, including aerospace and defense and automotive, among others. With space exploration witnessing a paradigm shift, the demand for SLS printing is expected to mount with an increasing number of countries gearing up to launch satellites.
  • In addition to that, SLS is also increasingly used in sports vehicles and electric cars. According to IEA, the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from 2017. Leading automotive companies have been identified to increasingly utilize SLS 3D printing technology into EV's, which is expected to increase the demand globally, thereby driving the growth.
  • Further, the market is witnessing a significant number of mergers and acquisitions, complementing the growth of SLS in the 3D printing market. For instance, in November 2019, Braskem, the polyolefins, and biopolymer producer, and Advanced Laser Materials (ALM), an EOS Company, collaborated to develop innovative polyolefin-based powders for Selective Laser Sintering (SLS) powder-bed 3D printing.

North America Holds the Largest Share in the Market

  • The North American region is expected to dominate the 3D printing market as the region has dominated when it comes to technology adoption. According to the 3D printing Sentiment Index conducted by a desktop 3D printing company, Ultimaker, in November 2019, the United States leads as a most advanced country in 3D printing.
  • A series of new product launches and product innovations and developments are expected to further augment the market growth. Several 3D printing solution providers worldwide are expanding their presence in the North American market for an enhanced market presence. For instance, in May 2019, Italian 3D printer manufacturer, Roboze, will be showcasing its high-temperature ROBOZE Xtreme series for the first time in North America at RAPID+TCT 2019.
  • Also, there have been a series of new product launches, mergers, and acquisitions in North America to utilize the potential on offer through 3D printing. For instance, in May 2019, RAPLAS partnered with RP America to expand 3D printing technology to the North American market. The primary factor influencing the rise in investments has been the continuous evolution and application of new technologies exploring an untapped market in the manufacturing sector.
  • The region is also witnessing a series of investments in the healthcare, aerospace and defense, industrial, and consumer products industries in North America, which are expected to grow significantly in the future. Various government organizations, such as NASA, have identified that substantial investments in 3D printing technologies can contribute considerably in space applications, and develop zero-G technologies, driving the growth of the market

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Force Analysis

4.3 Industry Value Chain Analysis

4.4 Market Drivers

4.4.1 Public investments in 3D printing-based projects

4.4.2 Ease in Development of Customized Products

4.4.3 Steady increase in demand for Industrial 3D Printers aided by innovations

4.5 Market Restraints

4.5.1 Cost & product quality concerns remain a concern

4.5.2 Low-cost consumer 3D printer adoption has remained subdued as compared to initial forecasts (circa 2014/15 when the trend was expected to drive the 3D printing industry)

4.6 Impact of COVID-19 on the 3D printing industry

4.7 Industry regulations & standards

5 TECHNOLOGY SNAPSHOT

6 MARKET SEGMENTATION

6.1 By Printer Type

6.2 By Technology

6.3 By Material Type

6.4 By End-user Industry

6.5 Geography

7 COMPETITIVE LANDSCAPE

8 INVESTMENT ANALYSIS

9 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/gbk1ut

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