Global 3D Printers Market Projected to Showcase a CAGR of 35% Through 2021: Technavio

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LONDON–(BUSINESS WIRE)–#3DPrinters–According to the latest market study released by Technavio,
the global
3D printers market
is projected to grow to USD 11.92
billion by 2021, at a CAGR of more than 35% over the forecast period.


This research report titled ‘Global
3D Printers Market 2017-2021
’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

   
  3D printing is a type of printing technique that is capable of
manufacturing 3D solid objects based on a digital file that is
created using computer assisted design. The global 3D printers
market is on an upward trend, with the rising demand for customized
products acting as a key driver responsible for this growth.
 

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sections of the report including the market size and forecast, drivers,
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Based on end-users, the report categorizes the global 3D printers market
into the following segments:

  • Automotive
  • Consumer products
  • Healthcare
  • Aerospace and defense
  • Industrial
  • Others

The top three revenue-generating end-user segments in the global 3D
printers market are discussed below:

Automotive

The automotive segment is the largest end-user for the 3D
printers market, due to the shift within the sector towards the highly
customizable
3D printing manufacturing of functional parts
and prototypes
,” says Chetan Mohan, a lead analyst at
Technavio for computing
devices
research.

The sales of 3D printers for manufacturing metal automotive parts have
increased significantly in the past ten years, thereby acting as a major
factor driving the growth of 3D printers in the automotive segment. For
instance, the Fiat Chrysler Automobiles team has printed a number of
model cars using 3D printing technology.

Consumer products

The consumer products segment of the global 3D printing market is
projected to generate a revenue of around USD 2.39 billion by 2021. The
decline in the average selling price of 3D printers has accelerated the
market segment, which is witnessing a rise in the manufacture of
home-made designer toys and other usable items, including jewelry and
clothing.

The manufacturers use various 3D printing software such as SELVA to
print out 3D designs per user requirements. The launch of more software
and related apps for 3D printing is likely to drive the growth of the
segment.

Healthcare

3D printing is used to manufacture various surgical equipment,
prosthetics, implants, and tissue engineering products in the healthcare
sector. The demand for the development of advanced or next-generation
rapid prototyping systems is likely to propel the growth of the segment
,”
says Chetan.

The increase in investments towards the improvement of the healthcare
sector, the rise in consumer expenditure and income levels, and the low
cost of manufacturing 3D printed products are expected to be other key
factors impacting the growth of the market. Also, the rapid product
development phase and the relatively competition free market space is
conducive to the growth of existing players.

The top vendors highlighted by Technavio’s research analysts in this
report are:

  • 3D Systems
  • Envision TEC
  • ExOne
  • Stratasys

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.

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at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
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+1 630 333 9501
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