The first commercial 3D printers were launched in the early 1990s, and since the early 2000s, 3D printing technology has evolved significantly in terms of price, variety and quality of materials, accuracy, ability to create complex objects, ease of use and suitability for office environments. 3D printing is already replacing traditional prototype development methodologies across various industries such as architecture, automotive, aerospace and defence, electronics, medical, footwear, toys, educational institutions, government and entertainment, underscoring its potential suitability for an even broader range of industries.
3D Printing Devices, Services and Supplies Global Market Size
The global 3D printing market potential was valued at USD 5.7 billion in 2015. The 3D printer market growth is expected to reach USD 27.8 billion in 2022f, growing at a CAGR of 25.8% during the forecast period of 2016e to 2022f.
3D Printing Devices, Services and Supplies Global Market Trend
3D Printing can deliver more benefits than just the ability to develop new devices. The two greatest problems that most manufacturers face when bringing a device to market are tooling costs and stringent regulatory processes. 3D printing has the potential to reduce tooling costs and accelerate lead time and regulatory submissions substantially when compared to conventional methods.
The companies covered are 3D Systems Corporation, Arcam AB, The ExOne Company, Stratasys Ltd., EOS GmbH Electro Optical Systems, EnvisionTEC, Materialise NV, XYZprinting, SLM Solutions Group AG, and M3D.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also covers 3D printer sales figures and 3D printing trends.
3D Printing Devices, Services and Supplies Market Segmentation
The 3D printing devices, services and supplies market is segmented by industry into Aerospace 3D Printing Sector, Healthcare 3D Printing Market and Healthcare 3D Printing Market Size, Automotive 3D Printing Market, Industrial 3D Printing Market, Jewelry, and Energy.