DUBLIN--(BUSINESS WIRE)--The "Industrial 3D Printing Market by Offering, Application, Process, Technology, Industry, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The industrial 3D printing market is expected to grow at a CAGR of 27.21% between 2018 and 2023, to grow from USD 1.73 billion in 2018 to reach USD 5.66 billion by 2023.
The reduction in the manufacturing cost and process downtime, decrease in lead time due to lesser manufacturing steps, and ability to produce multiple individual parts which support customized tools and machinery parts production are the major factors driving the industrial 3D printing market.
Additionally, evolving industrial-grade materials help expand the application area of industrial 3D printing methods into niche sectors, such as printed electronics, and energy and power sector. Strong demand from aerospace and defense, automotive, and healthcare industries; growth of industrial 3D printing service sector; and government investments in 3D printing projects are also driving the growth of the industrial 3D printing market.
However, limited availability and high cost of materials, difficulties associated with the use of 3D printing software, and lack of standard process control are the key restraining factors for the market growth.
Industrial 3D printing holds great potential in the printed electronics industry as it provides the opportunity to engineers to develop objects with complex internal structures, which otherwise would be difficult to produce using traditional methods. The growing adoption of industrial robotics in the printed electronics industry is driving the industrial 3D printing market for the robotics application as it is used to develop robot arms, grippers, and body parts.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industrial 3D Printing Market, By Offering
7 Industrial 3D Printing Market, By Application
8 Industrial 3D Printing Market, By Process
9 Industrial 3D Printing Market, By Technology
10 Industrial 3D Printing Market, By Industry
11 Industrial 3D Printing Market, By Geography
12 Competitive Landscape
13 Company Profiles
- 3D Systems Corporation
- ARC Group Worldwide, Inc.
- Arcam AB
- Concept Laser GmbH
- Cookson Precious Metals Limited.
- Envisiontec GmbH
- EOS GmbH
- Groupe Gorg
- Hgans AB
- Koninklijke DSM N.V.
- Markforged, Inc.
- Materialise NV
- Optomec Inc.
- Renishaw PLC.
- SLM Solutions Group AG
- Stratasys Ltd.
- The Exone Company
- Voxeljet AG
For more information about this report visit https://www.researchandmarkets.com/research/8s7s6f/5_6_bn?w=4