The Global 3D Printing Market size valued to USD 12.96 billion in 2019, is expected a hike of USD 107.52 billion by 2030, witnessing a CAGR of 21.2% from 2020-2030.
3D printing is an additive manufacturing technique that builds a three-dimensional object from Computer Aided Design model, by adding layers of the preferred material; shaping them into accurate shapes with precise geometries, in-order to obtain perfectly finished three-dimensional products. Materials used in the manufacturing process include various types of polymers, ceramics, vivid varieties of metals, silicon, and many more.
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Top Companies: Arcam AB, 3D Systems, Stratasys Ltd, Autodesk, Inc., Hoganas AB, The ExOne Company, Organovo Holdings, Inc., Optomec, Inc., Voxeljet AG and others.
The global 3D printing market share has been analyzed based on component, technology, end user and geography.
Based on component, the market is fragmented into Software, Services and Hardware. Based on technology, the market is divided into SLA, FDM, SLS, EBM, DLP, and Others. Based on end user, the market is divided into Automotive, Healthcare, Industrial, Consumer electronics, Aerospace & defense, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
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Currently, North America holds the major market share owing to its advanced technology and advanced infrastructure. Besides, increased demand of customized products with high disposable income shall definitely support the growth of 3D printing market.
The emerging economies, specifically the Asia Pacific region shall witness a significant growth in 3D printing market size, with gradual increase in market share owing to its wide application in various industry verticals. Benefits like high efficiency, time-saving, cost-saving and reduced errors shall considerably augment the market growth in the upcoming years.
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