TMCnet News
Global 3D Printing Market Analysis, Size, Application Analysis, Industry Outlook And Segment Forecasts To 2020: Grand View Research, IncThe global market for 3D printing was estimated to be USD 2,183 million in 2012, and is expected to reach USD 8,675.7 million by 2020, as per a new study by Grand View Research, Inc. The ability to facilitate low-volume manufacturing in a cost-effective manner is expected to fuel the market over the next few years. Further, the report analyzes that the growing need for flexible and customized products is expected to positively impact demand for 3D printing. Automotive and healthcare industries in particular, are estimated to be key growth areas for revenue generation. Automotive is expected to be the largest and fastest growing application, with an estimated CAGR of 19.6% from 2013 to 2020. The market for medical applications was valued at USD 397.2 million in 2012, with dental applications expected to contribute largely to this segment. Concerns over protection of intellectual property from products manufactured using 3D printing are expected to restrain the industry from reaching its target potential. Browse Full Report With TOC @ http://www.grandviewresearch.com/industry-analysis/3d-printing-industry-analysis Further Key findings from the study suggest: • North America led the market, with approximately 42% of the overall market share in 2012 • Europe is expected to grow at the highest CAGR of 20.4% from 2013 to 2020, which can primarily be attributed to increase in funding from regulatory bodies. Furthermore, increasing investment in research and development are expected to be favorable factors for market expansion in this region • In terms of raw material used for manufacturing, polymers are expected to dominate the market, and accounted for more than 35% of the overall revenue in 2012 • The industry is moderately consolidated, with mergers and acquisitions emerging as the key growth strategy. Major industry participants include Stratasys Inc., 3D Systems Corporation, Envisiontec GmbH, and Materialise NV among others. Get Sample Free Report @ http://www.grandviewresearch.com/industry-analysis/3d-printing-industry-analysis/request • Grand View Research’s report estimates the market in terms of revenue (USD Million) and segments it as follows: • 3D Printing Application Outlook: o Automotive o Aerospace o Consumer Products o Medical o Others • 3D Printing Raw Material Outlook: o Polymers o Metals o Ceramic o Others Get More Details About Category Of This Report @ http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. For More Information, Visit Grand View Research Contact: Sherry James Corporate Sales Specialist, U.S.A. Grand View Research, Inc. United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Blog Site: http://www.mediafound.org/ As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |