(EMAILWIRE.COM, June 22, 2019 ) The overall 3D printing market is expected to grow from USD 9.9 billion in 2018 to USD 34.8 billion by 2024, at a CAGR of 23.25%. Ease in the development of customized products, reduction in manufacturing cost and process downtime, government investments in 3D printing projects, and development of new industrial-grade 3D printing materials are the key factors driving the growth of this market. However, limited availability and the high cost of materials, limitation of product size, and lack of standard process control are likely to restrain the market growth.

Don’t miss out on business opportunities in 3D printing market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1276

3D printing is the process of building up a real 3D object from a digital model by joining thin layers of materials (which might be in solid, powder, or liquid forms), usually layer-upon-layer, in horizontal cross-section, unlike subtractive manufacturing methods. It is also known as additive manufacturing (AM) or freeform fabrication. 3D printing is the most common term in the consumer markets, while AM is more used in the industrial markets. 3D printing is used for prototyping, tooling, and functional part manufacturing. The manufactured functional parts are used in various industries, such as automotive, aerospace, healthcare, jewelry, education, tooling, consumer goods, and art and architecture.

The market for services is expected to grow at the highest CAGR during the forecast period. The projected growth of this market is attributed to the expected increase in the demand for custom design and manufacturing. The market for 3D printing has been growing at a significant rate with rapid progress in the industries such as healthcare (including medical, orthopedic, and dentistry), aerospace, and automotive as these industries were the early adopters of the technology. However, with the advancement in the printing technology and materials, the 3D printing service sector is garnering significant traction as a source of profit generation, compared to the sales of printers and materials.

Browse and in-depth TOC on "3D printing market"

78 - Tables
53 - Figures
240 - Pages

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/3d-printing-market-1276.html

Among the major processes of 3D printing, the printers based on power bed fusion process are expected to witness the highest CAGR in the overall market during the forecast period. The growth of the 3D printing market for power bed fusion process can be attributed to the ability to produce complex geometries, high-feature resolution, good strength, and decent surface finish. In the powder bed fusion process, technologies such as direct metal laser sintering (DMLS), electron beam melting (EBM), selective heat sintering (SHS), selective laser melting (SLM), and selective laser sintering (SLS) are most commonly used for the development of functional parts in the aerospace, automotive, healthcare, and engineering industries. For instance, SLA-based 3D printing is used in the creation of anatomical models, lightweight concept models, architectural models, urethane casting patterns, and large investment cast patterns, among others.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1276

The market in APAC is expected to grow at the highest CAGR during the forecast period. Government initiatives, funding in research and development, and extensive industrial base are the major factors that make APAC a dynamic region for 3D printing, with Japan and China being the major contributors. The establishment of the centers for 3D printing research, training, and education and the efforts by leading players in the market, such as Stratasys Lt. (Israel), 3D Systems (US), EOS GmbH (Germany), ExOne (US), and EnvisionTEC (Germany), to expand their distribution networks to the emerging markets in the Asian countries are expected to drive the market in APAC.

Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/