The global automated 3D printing market is predicted to display 51.66% CAGR during the forecast period by 2023
— Market Insight
The market is also anticipated to observe a constant rise in the valuation of USD 1,837.6 Million, which is a positive aspect of the market.
As automation 3D printing market is at its nascent stage yet, it is anticipated that it will develop rapidly in the coming years as it enables a smooth end-to-end experience with increased efficiency. The expanding automation necessitates the optimization of all the manufacturing processes, that is efficiently achieved by the need of production in an industry.
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The essential players in the automated 3D printing market are identified across all the significant regions are Stratasys (Israel), 3D Systems (US), Materialise (Belgium), Universal Robots (Denmark), Formlabs (US), EOS GmbH (Germany), SLM Solutions (Germany), PostProcess Technologies (US), Concept Laser (Germany), ExOne(US), Coobx (Liechtenstein), Authentise (US), Renishaw (UK), NVBOTS (US), and DWS System (Italy). They are contributing a major share in the growth of automated 3D printing market.
Market Drivers & Trends
The progress of global automation 3D printing market is boosted by several advantages offered by automated 3D printing system such as low cost of production, accuracy, and capacities for augmented production. Due to these advantages, the demand for automation 3D printing escalating, which is yet another factor for the market to grow during the assessment period.
Apart from this, the rising adoption of robotics for industrial manufacturing and escalating demand for it having customized design options is expected to intensify the automated 3D printing market over the assessment period. Furthermore, automated 3D printing market is also booming with support of developments that is uplifting the product expansion with launches and collaborations.
The automated 3D printing market is also experiencing notable developments, including product launches and collaborations. In case of point, SLM Solutions launched SLM 800, in 2017, as a selective laser melting machine, which assimilates semi and fully automated production processes. Such a development has eventually helped the market to grow extensively in the last years, which will also expand in the years to come.
On the flip side, the factor such as high installation cost of automated 3D printing system can pose as a hindrance to the growth of the global automated 3D printing system.
The segmentation of global automation 3D printing market has been done on the basis of component, and vertical.
In terms of component: It includes hardware, software, and services. The hardware segment is further split into 3D printers, robots, and many more. The services segment is also further segmented into deployment and integration, support, and maintenance.
In terms of process: It includes material handling, automated production, part handling, post-processing, and multiprocessing. Among which, the vertical segment is split into automotive, industrial manufacturing, aerospace and defense, healthcare, consumer products, energy, and many more
In terms of component: It includes the hardware segment, which is expected to embrace the most significant share for automated 3D printing market. Among its subsegments, robot segment is anticipated to progress at the highest growth rate during the forecast period with the rapid adoption of robots in industrial settings across the globe.
In terms of process segment, multiprocessing subsegment is likely to nurture at a significant growth rate.
The regional analysis of automated 3D printing market is studied under the regions of North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
Among these, North America led the automated 3D printing market in 2017, and now the region has become the fastest adopter of automated 3D printing technology with the presence of well-established 3D printing system vendors. Further, several collaborations that are taking place in the region to cater to the high demand. Makelab, a Brooklyn-based, in August 2018, on-demand 3D printing service bureau united with automation software developer AMFG to provide its software capabilities to Makelab to fully automate the latter’s manufacturing operations.
North America, along with Europe also gained a substantial growth rate of automated 3D printing in 2017 whereas Asia-Pacific is likely to expand at the maximum CAGR during the forecast period. The swiftly mounting manufacturing industry in the Asia-Pacific is likely the prime driver for the acceptance of automated 3D printing market in the region.
TABLE OF CONTENTS
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
LIST OF TABLES
Table 1 Automated 3D Printing Market, By Region, 2018–2023
Table 2 North America: Automated 3D Printing Market, By Country, 2018–2023
Table 3 Europe: Automated 3D Printing Market, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global Automated 3D Printing Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Automated 3D Printing Market
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