According
to the report, the global 3D printing market was worth US$2,200
million in 2012 and is expected to grow at a rapid pace during the
forecast period, registering a CAGR of 16.8% from 2013 to 2019. The
report assesses the global 3D printing market with special focus on
geographical segmentation, technologies involved, and applications.
Browse
the full Global 3D Printing Market (Polyjet, FDM, SLS, SLA) -
Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 -
2019 report at
http://www.transparencymarketresearch.com/3d-printing-industry.html
3D
printing refers to additive manufacturing that uses the process of
layering printing material in order to create 3D objects. To put it
simply, 3D printing is a technology that makes three dimensional
objects from a digital file. The output is achieved through an
additive process which cleverly places thinly-sliced horizontal
cross-sections made out of 3D printing material, one on top of the
other until the desired object is created. The salient features of 3D
printing are translation of code into visible pattern, material
cartridges, and flexibility of output.
Though
the 3D printing market is still in a nascent stage, analysts predict
it will successfully catch up with a frenzied fervor as several
industries are adopting this technology. The biggest advantage 3D
printing offers its users is the elimination of expensive tools,
molding, and labor as objects can be customized as per need. 3D
printing has also enabled users to cut down on material wastage,
create high-performance products as compared to traditional
manufacturing, and improve efficiency by saving time.
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Three-dimensional
printing technology has found apt usage in rapid prototyping,
customization, expediting manufacturing processes, and mass
production of certain items. As the manufacturing industry holds a
promise of robust growth in a recovering economy, the need for 3D
printing is only going to rise. In the coming years, 3D printing will
have a huge impact on the commercial and personal application
segment.
The
global 3D printing market is segmented on the basis of its usage, the
technology it uses, its application in various industries, and
geography. On the basis of use, the global 3D printing market is
divided into commercial and personal. The technology segment is
inclusive of polyjet, FDM, SLS, SLA, and others. 3D printing is being
popularly used in industries such as automotive, medical, consumer
products and electronics, aerospace, architecture, education, and
others. Geographically, the global 3D printing market is segmented
into North America, Europe, Asia Pacific, and Rest of the World.
Browse
Press Release Global 3D Printing Market
http://www.transparencymarketresearch.com/pressrelease/3d-printing-industry.htm
One
of the important growth drivers for the global 3D printing market is
the increasing use of this technology in the aforementioned
applications, with special focus on the automotive, consumer
products, and medical sectors. In addition, as more and more users
now have access to 3D printing services or 3D printers, the usage of
this technology for personal use is also on a rise. Despite such
strong reasons for growth, the global 3D printing market faces
certain restraints. A huge limitation for the growth of this market
is the infringement of intellectual property while duplicating a
certain product. Some of the lucrative opportunities for 3D printing
market would be to tie up with manufacturers who want to strategize
by customizing products such as in the automobile sector or
healthcare field.
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