3D Printers Market Overview:
The 3D printing method creates parts by adding material layer by layer, which allows designers and engineers to create parts with geometric complexity in a single piece, which is not possible with traditional methods. A hollow cavity can be contained within a solid part or parts can be contained within other parts. Multiple materials can be included in a 3D printed object, allowing for a range of colors, textures, and mechanical properties to be combined. Aside from that, parts are produced using only the materials needed for the part itself, which results in less waste and lower costs than alternative methods that cut materials from large chunks of non-recyclable materials. Utilizing this process reduces the cost of material usage and eliminates the wastage of resources. Manufacturers of respirators that use injection molding to manufacture tubes for ventilation products previously used additive manufacturing. Tubes made by 3D printing with specific geometries are not only cheaper but also faster. This company cut production costs by approximately ten times by using a 3D printer and LOCTITE silicone resin from Henkel. In addition, the US Air Force relied on 3D printing in 2019 to reduce turnaround time and manufacturing costs. There were many out of production planes, and getting spare parts could have taken a long time. These parts can now be produced in two days instead of a year, thanks to 3D printing. Due to the reduction of material waste, this technology is inherently environmentally friendly. In addition, there are also significant environmental benefits associated with using lightweight 3D printed parts, such as improved fuel efficiency. 3D printing produces parts from scratch and wastes less material when manufacturing complex geometries, reducing production costs.
The material science sector has witnessed a significant boom in recent years owing to the introduction of additive manufacturing i.e. 3D printing, which provides the freedom of experimenting with newer materials which can optimize the overall product efficiency and functionality. With the assistance of AI, the additive manufacturing sector shall boost its search for newer materials in the upcoming years, thus assisting in the overall growth of the industry. Moreover, 3D printing helps in establishing micro factories that are economically efficient, in transforming the global supply chain ecosystem and in strengthening local networks. Additionally, the 3D printers shall receive some instrumental updates which shall increase the speed of printing, so much so that it would be able to print faster than a conventional 2D printer.
The 3D Printers Market is assessed based on factors such as competitive analysis of the progress of emerging players and new entrants, the business expansion policies of key players, the financial and opportunity analysis of market players. Furthermore, the 3D Printers Market is analysed with respect to the product type or technique, regional segmentation, end user spectrum, etc. This research will be conducted with the implementation of latest market research methodologies which shall help organizations understand the overall market scenario and strategize accordingly.
Major players included in the 3D Printers Market:
• Stratasys Ltd.
• EOS GmbH
• GE Additive
• HP Inc.
• 3D Systems Corporation
• DMG Mori Company Limited
• Renishaw Plc
• Formlabs Inc.
• Carbon Inc.
• Trumpf GmbH + Co. KG
• Markforged Inc.
• XYZPrinting Inc.
• The Exone Company
• Voxeljet AG
• Desktop Metal Inc.
(Note: The list of the major players will be updated with the latest market scenario and trends)
3D Printers Market Segmentation:
By Type
• Industrial 3D Printer
• Desktop 3D Printer
By Technology
• Fused Deposition Modeling (FDM)
• Selective Laser Sintering (SLS)
• Stereolithography (SLA)
• Direct Metal Laser Sintering (DMLS)
• PolyJet
• MultiJet Fusion (MJF)
• Digital Light Processing (DLP)
• Binder Jetting
• Electron-Beam Melting (EBM)
• Directed Energy Deposition (DED)
• Laser Metal Fusion (LMF)
• Selective Absorption Fusion (SAF)
• LCD 3D Printing
By Material Usage
• Metal
• Polymer
• Ceramics
• Composites
• Resin
• Other Materials
By End-Use Application
• Industrial
o Aerospace & Defense
o Mounts & Fixtures
o Body & Spare Parts
o Weapon Printing
o Prototype and Test Unit
o Automotive
o Prototyping
o Custom & Spare Parts
o Mounts & Fixtures
o Consumer Products
o Electronic Products
o Jewelry & Luxury Goods
o Decorative Art
o Parts and Fixtures
o Semiconductors & Electronics
o IC & PCB
o Electronic Components
o Chemicals & Materials
o Medical
o Dental
o Instrument Printing
o Bioprinting Tissues and Organs
o Prototype and 3D Models
o Prosthetic Printing
o Energy
o Research & Development
o Oil & Gas
o Industrial Applications
o Machinery & Equipment Manufacturing
o Molds & Tools Printing
o Parts & Prototype Printing
• 3D Printing Service Providers
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
3D Printers Market Competitive Analysis:
• Tier-1 Players
• Tier-2 Players
• Emerging Players
• New Entrants
Future Market Analytics Focus Points:
• SWOT Analysis
• Key Market Trends
• Key Data -Points Affecting Market Growth
• Revenue and Forecast Analysis
• Growth Opportunities For New Entrants and Emerging Players
• Key Player and Market Growth Matrix
Objectives of the Study:
• To provide a comprehensive analysis on the 3D Printers Market by type, by technology, by material usage, by end-use application and by region
• To cater extensive insights on factors influencing the market growth (drivers, restraints, industry-specific restraints, business expansion opportunities)
• To anticipate and analyse the market size expansion in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa
• To record and evaluate competitive landscape mapping- strategic alliances and mergers, technological advancements and product launches, revenue and financial analysis of key market players
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