DUBLIN--(BUSINESS WIRE)--The "Automated 3D Printing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Automated 3D printing market was valued at USD 507.8 million in 2020 and is expected to grow at a CAGR estimated around 37.14% over the forecast period (2021 - 2026).
Companies Mentioned
- Stratasys Ltd
- Concept Laser Inc (GE Additive)
- The ExOne Company
- SLM Solutions Group AG
- 3D Systems Corporation
- Universal Robots A/S
- Formlabs
- PostProcess Technologies Inc.
- Materialise NV
- Authentise Inc.
- DWS Systems
- Coobx AG
- ABB Group
Key Market Trends
Use of Robots in Automated 3D Printing is expected to drive the Growth of the Market
- Over the years, researchers around the world have been working towards developing solutions and methods that would cater to the demand for automation in 3D printing, one such approach was the combination of robotics technology with 3D printing to automate the tasks although it initially did not gain much momentum owing to its complexity, however, with vendors integrating simulation software with their robotic 3D printing technology is driving the growth of the market
- Also, with 3D printing gaining momentum industries such as Oil & Gas, Medical in addition to Automotive and Aerospace that rely on composite materials to make strong yet light material structures is constrained by labor-intensive process and geometric limitations which can be countered leveraging robotic technologies. for instance, Stratasys' robotic composite 3D demonstrator which is powered by Siemens software delivers composite 3D printing using its 8-axis motion system.
- Additionally, Freeform manufacturing with a multi-axis robotic arm could be deployed in an environment where 3D printer requires to move in various directions, angles thereby expanding the freedom of creating complex figures added with the ability of the robotic arm to better manage the raw materials drives its growth in manufacturing industries.
- For instance, industries such as metal casting industry would be to benefit from robotics systems like Robotic Additive Manufacturing developed by Virids3D in collaboration with EnvisionTEC that leverages binder jetting technology and works with sand, the system uses ABB' industrial robotic arm with inkjet head to deposit layers of liquid and sand onto the printing platform
- Furthermore, It is anticipated that the construction industry could be one of the biggest beneficiaries of robotic 3D printing. few of the construction firms have already adopted industrial robotic arms to 3D print with a range of materials. for instance, XtreeE, a start-up based in France equipped the ABB' industrial arm with its concrete extrude that is able to create complex geometric structures, the company has achieved many partnerships with architecture and civil engineering companies and aims to explore sustainable design and construction.
North America Holds Major Market Share
- The North America region is one of the lead innovators and pioneers, in terms of adoption of 3D printing, Robotics, AI among others is expected to hold a prominent share in the Automated 3D printing market. Amongst the 3D printing inventions coming from all corners of the world, many of the inventors of the patents and applications reside in the United States
- According to the National Conference of State Legislatures, the US economy is expected to USD 600 to USD 900 billion if they are able to capitalize on the growing 3D printing market upon with further operational efficiencies with automation will drive the growth of the market
- Additionally, growing government support is also attracting many investors to invest in R&D programs. for instance, the United States has funded 3D printing R&D in academia via America Makes and promoted initiative through SBIR
- Furthermore, The study states that US imports about USD 3 Trillion goods annuals with USD 1.4 trillion imports are made up of leading Industries that likely are impacted with the automation of 3D printing that is Industrial, Automotive, Healthcare and Aerospace.
- Additionally, unlike other countries the US despite having tax incentive such as section 199 for manufacturing credit, there's no particular tax incentive at the federal level that targets 3D printing vendors, this instance encourages foreign automated 3D printing vendors to enter the region
- As with recent outbreak of global pandemic COVID-19 that caused nation-wide lockdowns across the world as the markets aim to achieve automation in 3D printing given region' adoption of 3D bioprinting that manufactures medical equipment, surgical devices according to US FDA further leverages the growth of market.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Porters Five Force Analysis
4.6 Assestment of the Impact of COVID-19 on the Industry
5 MARKET SEGMENTATION
5.1 Offering
5.2 Process
5.3 End-user Vertical
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/irzfjp
