3D Printing Market Research Report
Growth opportunities in the 3D Printing Market look
promising over the next six years. This is mainly due to their use to generate
everything ranging from a simple part to highly technical final products such
as airplane parts, life-saving medical implants.
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3D Printing Market Dynamics (including
market size, share, trends, forecast, growth, forecast, and industry analysis)
Key
Drivers
The declining manufacturing costs and process downtime ease
in the enlargement of personalized products and the intensifying investments by
the government in these projects are some of the prominent drivers contributing
to the growth of the 3D printing market. In addition, the foundational drift in
the inclination towards functional part manufacturing from prototyping across
several industry verticals, including aerospace, consumer goods, medical and
automotive id further strengthening the 3D
printing market size. Furthermore, the soaring number of research and
development activities will promote market growth.
Also, the technology allows manufacturers to deliver
customized products according to the requirement of customers with better
accuracy and explicit smoothness. Moreover, this technology is extensively
implemented for product design and offers enormous advantages, including risk
reduction and real-time perspective. These factors together will bolster the
market growth. However, the existing misconception concerned with the prototyping
processes by the small and medium-scale manufacturers will hinder the market
growth.
Technology
Segment Drivers
Based on the technology, the direct metal laser sintering is
predicted to expand at a higher CAGR during the forecast period. This is primarily
attributed to the growing usage of this technology, such as for tooling and
manufacturing of fixtures and jigs. Also, it allows the creation of
high-quality metal parts due to its potential to smooth the construction of
complicated geometries of metals. The DMLS is exhaustively applied for the
production of complex structures, including aerospace and automotive for
tooling and machinery parts. The economical production, rapid and smooth
handling process, and detailed resolution are driving the market growth.
Application
Segment Drivers
On the basis of the application, prototyping is expected to
expand at a faster CAGR over the forecast period. This is due to its growing
usage across various industries. The 3D printing produces prototypes from 3D
computer-aided designs, which assists the enterprises in minimizing wastages
and decrease operational costs. It also enables the swift production of
cost-efficient prototypes based on the customer's requirements.
3D
Printing Market’s leading Manufacturers:
·
WestRock Company
·
Vanguard Packaging Incorporated
·
Cardboard Box Company
·
International Paper
·
DS Smith
·
Caps Cases Limited
·
STI Group
·
Weedon Group
·
Smurfit Kappa
·
Mondi
3D Printing Market Segmentation:
Segmentation by Type
·
Paper and Paperboard
·
Plastics
·
Others
Segmentation by Type of Package
·
Die-Cut Display Containers
·
Corrugated Cardboard Boxes
·
Shrink Wrapped Trays
·
Modified Cases
·
Plastic Containers
·
Others
Segmentation by End-User Application
·
Food & Beverage
·
Household Products
·
Others
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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