3D printing is referred to the preservative
manufacturing process that creates a digital design from a physical object. It is
used to increase productivity and reduce cost of production. It is used for tooling &
repairing heavy equipment, manufacturing, machinery and robotics in the
industries such as electrical, food & beverage, aerospace & defense, jewelry
and healthcare.
According
to study, “Global
Industrial 3D Printings Market Status (2015-2019) and Forecast (2020-2024) by
Region, Product Type & End-Use” the key companies operating in
the global industrial 3D printings market are Stratasys Ltd., The Exone
Company, 3D Systems Corporation, SLM Solutions Group AG, Materialise NV,
Envisiontec GmbH, EOS GmbH, Concept Laser GmbH, Voxeljet AG, ARC Group
Worldwide, Inc., Arcam AB, Koninklijke DSM N.V., Optomec Inc., Cookson Precious
Metals Limited, Groupe Gorge, Markforged, Inc., Renishaw PLC, Scuplteo, Höganäs
AB.
Based
on offering, industrial 3D printings
market is segmented into materials, printers, services, software and
others. Materials segment is further sub-segmented into metals, plastics,
ceramic and other materials. Metals include steel, titanium, aluminum, alloys
(Inconel, cocr) and other metals (gold, silver and other metal powders).
Plastics include photopolymers and thermoplastics. Thermoplastics include
Polylatic Acid (PLA), Acrylonitrile Butadiene Styrene (ABS), nylon and others
(polycarbonate, polypropylene and Polyvinyl Alcohol (PVA)). Additionally,
ceramic includes quartz, glass, silica and others. Services segment is further
sub-segmented into consulting services and manufacturing services. Software includes
printing software, design software, scanning software and inspection software.
Based on process, market is segmented into binder jetting, vat photo-polymerization,
direct energy deposition, powder bed fusion, material extrusion, sheet
lamination and material jetting. Based on technology, market is segmented into Stereo
lithography (SLA), Direct Metal Laser Sintering (DMLS), Fused Deposition
Modelling (FDM), Electron Beam Melting (EBM), Selective Laser Sintering (SLS),
inkjet printing, polyjet printing, Laminated Object Manufacturing (LOM),
Digital Light Processing (DLP), Laser Metal Deposition (LMD) and other
technologies. Based on application, market is segmented into heavy equipment
& machinery, tooling and robotics. In addition, based on end-use industry,
market is segmented into automotive, food & culinary, aerospace &
defense, foundry & forging, printed electronics, jewelry, healthcare and
other industries.
The
industrial 3D printings market is
driven by growth in development of new industrial 3D printing materials,
followed by ease of developing customized products, rise in government
investments in 3D printing projects and reduction in the manufacturing cost
& process downtime. However, difficulties associated with the use of 3D
printing software, limited availability & high cost of materials and lack
of standard process control may impact the market. Moreover, growth in
potential to improve manufacturing processes & enhance supply chain
management and rise in applications in the manufacturing sector are key opportunities
for market.
Based
on geography, the North-American is a leading region in global industrial 3D printings market owing to higher usage in
aerospace & defense, health care companies, rise in demand for industrial
manufacturing and growth in technological up gradation & financial support
from the government in the region. Whereas, the Asian-Pacific and European
regions are predicted to exhibit substantial growth rate due to extensive
industrial base and rise in investment in research & development activities
over the forecast period. In upcoming years, it is estimated that the market
will be reached at rapid pace because of rise in demand for accuracy and speed
in printing during the forecast period.
For more information on the research
report, refer to below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
