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3D Printing Market Size, Growth, Trend and Forecast to 2023 - By MarketsandMarketsCHICAGO, September 28, 2018 /PRNewswire/ -- According to the market research report "3D Printing Market by Offering (Printer, Material, Software, Service), Process (Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion), Application, Vertical, and Geography - Global Forecast to 2023", published by MarketsandMarkets™, the 3D printing market is expected to be worth USD 32.78 Billion by 2023, at a CAGR of 25.76% between 2017 and 2023. The growth is attributed to the factors such as the ease of development of customized products, ability to reduce overall manufacturing costs, and government investments in the 3D printing projects for the development and deployment of the technology. (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg ) Don't miss out on business opportunities in 3D Printing Market. Speak to our analyst and gain crucial industry insights that will help your business grow: The major players adopted the strategies of agreements, partnerships and collaborations; mergers and acquisitions; and product launches to expand their global presence and increase presence in their respective areas of 3D printing expertise. For instance, in May 2017, Stratasys Ltd. (US) announced the extension of its partnership agreement with Desktop Metal (US) to increase accessibility and adoption rate of metal 3D printing. Stratasys also entered into a multiyear agreement with Team Penske in February 2017 to provide equipment and support services to assist NASCAR and IndyCar racing platforms of Team Penske. In March 2017, 3D Systems Corporation (US) introduced ProJet MJP 2500W and VisiJet M2 CAST RealWax material for applications in jewelry and industrial casting. Stratasys Ltd. (US) and 3D Systems Corporation (US) are two of the key players in the 3D printing market. 3D printers offered by Stratasys are marketed under the idea series, design series, production series, and dental series. Stratasys Ltd. provides 3D printing solutions for various industries such as automotive, aerospace and defense, industrial, recreational, electronic, medical, and consumer products. As part of its business strategy, Stratasys made various agreements, partnerships, and collaborations to expand its presence across emerging applications and extend its geographic reach. For instance, in 2017, Stratasys strengthened its 3D printing service offerings with the introduction of Expert Services Group for the market in North America. The company also partnered with McLaren Racing (UK) in 2017 to foster its growth across the automobile industry. Browse i-depth TOC on "3D Printing Market" 75 - Tables 55 - Figures 238 - Pages Currently, the 3D printers, materials, software support, and related services are most widely used across several industry verticals. Among various verticals deploying the 3D printing technology, the aerospace and defense industry accounted for the major share of the market in 2016. In the aerospace industry, 3D printing is mainly used to manufacture critical parts of airplanes or for low-scale production associated with high performance and quality components. The aerospace industry offers tremendous opportunity for 3D printing technologies and holds a promising market potential in the coming future. The stringent requirements such as lightweight components, and accurate and precise designs of airplane parts are the major factors driving the growth of the 3D printing market for the aerospace industry. The market for desktop 3D printers is expected to grow at a higher rate owing to a reduction in printer prices along with technological advancements for fitting into do-it-yourself (DIY) applications. Also, the 3D printing service market is expected to grow at the highest CAGR during the forecast period due to expected increase in the demand for custom designs and manufacturing of customized functional parts from the end-user industries. Plastic and metal led the 3D printing material market, in terms of market share, in 2016, and the same is expected in nearest future as well. However, the market for other materials is expected to grow at the highest CAGR between 2017 and 2023, driven by the increasing demand for biomaterials used in the healthcare vertical and certain specialized materials (such as laywood, wax, and paper) in emerging applications. North America accounted for the largest share of 3D printing market in 2016. Demand from the US-based companies active in the manufacturing, aerospace and defense, and healthcare sectors, as well as continuous technological advancements and financial support from the government, are some of the key factors supporting the growth of the market in North America. However, the market in APAC is expected to grow at the highest CAGR owing to recent government initiatives, funding in research and development, and extensive industrial base, especially across China, Japan, South Korea, and Australia. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=1276 Major players in the global 3D printing market include Stratasys Ltd. (US), 3D Systems Corporation (US), EOS GmbH (Germany), Materialise NV (Belgium), 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). Please explore relevant report "3D Scanner Market" also. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Research Insight: https://www.marketsandmarkets.com/ResearchInsight/3d-printing-market.asp SOURCE MarketsandMarkets 
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