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3D Printing Market by Offering, Process, Application, Vertical, and Geography - Global Forecast to 2023NEW YORK, July 11, 2017 /PRNewswire/ -- "3D printing market expected to grow at a remarkable CAGR" The 3D printing market is expected to grow at a CAGR of 25.76% between 2017 and 2023, to be worth USD 32.78 billion by 2023. Ease of development of customized products, reduction in overall manufacturing costs, and government investments supporting the regional growth of the 3D printing technology are the factors driving the 3D printing market. Additionally, upbringing of new and innovative printing materials (such as blends of two materials, precious metal powders); demand from aerospace, automotive, medical and healthcare, consumer products, and education industries; growth of 3D printing service sector; and strong investments from certain big companies such as GE (US), Liebherr Group (Switzerland), Diehl Aerosystems Holding GmbH (Germany), and BAE Systems (UK) are also drive the growth of the 3D printing market. However, the high cost of materials, limitation of size, and lack of standard process control are the key restraining factors for the market. "North America to hold major market for 3D printing" North America held the largest share of the 3D printing market in 2016 and is expected to continue the trend in the near future. 3D printing is used in the major US-based companies operating in the verticals such as manufacturing, aerospace and defense, and healthcare, which is driving the North American 3D printing market. In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in the 3D printing marketspace. The break-up of primary participants for the report has been shown below: • By Company Type: Tier 1 = 30%, Tier 2= 45%, and Tier 3 = 25% • By Designation: C-level Executives = 35%, Directors = 45%, and Others = 20% • By Region: Americas = 45%, Europe = 30%, Asia Pacific = 20%, and RoW = 5% The report profiles the key players in the 3D printing market with their respective market rank analysis. The prominent players profiled in this report are Stratasys Ltd. (US), 3D Systems Corporation (US), EOS GmbH (Germany), Materialise NV (Netherlands), SLM Solutions Group AG (Germany), Arcam AB (Sweden), Concept Laser GmbH (Germany), The ExOne Company (US), Voxeljet AG (Germany), Proto Labs, Inc. (US), Optomec Inc. (US), ARC Group Worldwide, Inc. (US), GROUPE GORGÉ (France), EnvisionTEC GmbH (Germany), Mcor Technologies Ltd. (Ireland), Beijing Tiertime Technology Co. Ltd. (China), Renishaw plc (UK), XYZprinting (Taiwan), Ultimaker BV (Netherlands), Koninklijke DSM N.V. (Netherlands), Höganäs AB (Sweden), taulman3D, LLC (US), Nano Dimension (Israel), Carbon Inc. (US), Markforged, Inc. (US), and Cookson Precious Metals Ltd. (UK). Research Coverage: This research report categorizes the global 3D printing market on the basis of offering, process, application, vertical, and geography. The report describes market dynamics that include key drivers, restraints, challenges, and opportunities for the 3D printing market and forecasts the same till 2023. The report would help leaders/new entrants in this market in the following ways: 1. This report segments the 3D printing market comprehensively and provides the closest market size projection for all subsegments across different regions. 2. The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for market growth. 3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions. Read the full report: http://www.reportlinker.com/p04998220/3D-Printing-Market-by-Offering-Process-Application-Vertical-and-Geography-Global-Forecast-to.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
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