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Global 3D Printing Materials and Services Market 2018-2023:The Global 3D Printing Materials and Services Market was estimated at USD 5.45 billion in 2017 and is projected to reach USD 29.56 billion by 2023, at a CAGR of 40.24% over the forecast period. This technology has been used by companies for prototyping purposes for decades and is slowly being integrated into final products. 3D printing materials come in varieties like plastic, metal, ceramic etc. to offer raw material solutions to various industries like automotive, aerospace, defense and others.
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The 3D printing materials and services market is driven by the growth of the 3D printing market and a vast array of upcoming applications. With the introduction of materials like graphene, new application sectors of 3D printed electronics and automotive have opened up. Judicial implementation of the technology offers opportunities to re-structure the entire supply chain for many industries. Recent technological advancements have brought down the cost of getting objects 3D printed while increasing the speed of the process. Considerable support is also being seen from some governments to promote R&D of the technology. The market is restrained by very high initial inventory investment and expensive materials to sustain growth.
The market segment by type is led by plastic, but metal is expected to grow owing to its increase in the number of applications. By form, the market is segmented into liquid, filament and powder. Application in the automotive sector is growing due to the introduction of 3D printed technology in manufacturing hybrid vehicles. Consumer goods like electronics and home appliances are high-potential sectors, as the cost of producing finished products go down.
Regionally, the US is the biggest market for 3D printing technology in the world. Germany contributes to approximately 33% of the total European market. Analyses indicate that China shall become the fastest growing 3D printing market in the world.
The major players include:
ENVISIONTEC GMBH, STRATASYS LTD., ARKEMA S.A., ROYAL DSM N.V., ARCAM AB, 3D SYSTEMS GROUP, CRP GROUP, LPW TECHNOLOGY LTD., ABB GROUP, amongst others.
Key Deliverables of the Study:
Market analysis for the global 3D printing materials and services market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market.
Identification and analysis of the macro and micro factors that affect the global 3D printing materials and services market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights into the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights into the major countries/regions in which this industry is growing and identifying the regions which are still untapped.
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Companies Mentioned:
Envisiontec GmbH, Stratasys Ltd., Arkema S.A., Royal DSM N.V., Arcam AB, 3D Systems Group, CRP Group, LPW Technology Ltd., ABB Group,
Table Of Content:
1. Introduction
2. Research Methodology
3. Market Overview
4. Market Dynamics
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
5. Market Segmentation
6. Competitive Analysis - Company Profiles
7. Investment Analysis
8. Future of Global 3D Printing Material Market
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