3D printing is in its mid-thirties and is now approaching market growth that Chuck Hull could only have dreamt about when he invented it in 1983.
By 2025, 3D printing, or additive manufacturing, will be a $32bn industry, rising to over $60bn by 2030. The compound annual growth rate (CAGR) between 2018 and 2025 will be 16%, according to estimates, with software growing slightly faster than hardware, materials and services.
Yet behind the optimism, competition and casualties are increasing: UK powder maker Metalysis recently went into administration before being rescued by Power Resources, a mining company; SLM Solutions, a German manufacturer of 3D metal printers, had a poor first half of 2019, selling a third of the machines it sold in the first half of 2018 with revenues down 45%; and Organovo is considering its strategic options after biological performance issues with its 3D-printed liver tissues.
The 3D printing industry has come a long way since 1983 when Chuck Hull, co-founder of 3D Systems, created the first-ever 3D printed part. It still has a long way to go. Hull's invention led to the creation of an industry that has, until recently, been used primarily for prototyping purposes. Recent years have seen its disruptive influence growing and 3D printing is increasingly being used in the creation of final products.
- This report provides an overview of the global 3D printing market.
- It identifies the key trends impacting growth of the theme over the next 12 to 24 months.
- It includes a comprehensive industry analysis, outlining the key growth areas and potential use cases.
- It identifies the leading players in the 3D printing industry, across all segments of the value chain.
- The report also outlines industries at risk of disruption from 3D printing over the next five years, including manufacturing, healthcare, and construction.
Reasons to Buy
- 3D printing technology, coupled with better knowledge of its potential in the economics of manufacturing, has applications in a growing range of products, ranging from the largest industries to the smallest personal products, from jet engines to custom-designed underwear, from tailored running shoes to life-saving living tissue.
Ultimately, it even has the potential to disrupt and transform the entire manufacturing industry supply chain. This report provides a detailed overview of the 3D printing market, including identfying the leading players and providing market sizign data for the four main segments of the market (hardware, software, materials, and services).
Key Topics Covered:
- Technology briefing
- Industry analysis
- Value chain
- How 3D printing is disrupting industries
- Who's who in 3D printing?
Appendix: Our thematic research methodology
- 3D Systems
- Dassault Systmes
- Faro Technologies
- Groupe Gorg
- Nano Dimension
- SLM Solutions
- Aleph Objects
- Apis Cor
- Desktop Metal
- Prusa 3D
For more information about this report visit https://www.researchandmarkets.com/r/s3n2p7