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Industrial 3D Printing Market

3D Printing is an added substance interaction of building 3-dimentional object layer by layer utilizing 3D printer and CAD-based 3D demonstrating programming. The most well-known crude material used to make 3D items is plastic. Tars, metal, carbon fiber, graphite and graphene, nitinol, fluids or powder grains being melded, likewise been utilized as crude material for 3D Printing. 3D Printing is precise inverse interaction of subtractive assembling measures.

The increasing popularity of 3D printing in medical services in light of its applications to make patient-explicit body parts and organs utilizing information from CT and MRI checks is likely to help the market gain impetus in the coming years. Likewise 3D-printing precisely duplicated anatomical constructions for treating aortic aneurysm utilizing CT sweeps of patients. Subsequently, investigating the development, expanding use of 3D printing innovation in medical services is set to turn into a key driver.

In actuality, the expense of crude materials for assembling of 3D printed industrial creation parts and segments. The material utilized for 3D printing is polymers and cost of polymers is high as contrast with different materials, because of which the general creation cost increments. The expense of metal material for 3D Printing is about US$ 500 for every kg which is far more than the substitute items accessible on the lookout. Because of expansion underway expense of the item 3D Printing industry's development is soaked.

Industrial 3D Printing: Introduction

  • Industrial 3D printing is utilized to create architectural models for tooling and repairing heavy equipment, machinery, and robotics.
  • Industrial 3D printing has extensive applications in various industries such as automotive, aerospace & defense, healthcare, jewelry, architecture and construction, and consumer products, among others.
  • Rising investment in 3D printing by start-ups, increasing focus on high-volume production using 3D printing, growing demand for 3D printing software to produce industry-grade parts, and significant demand for online 3D printing are the factors likely to propel the growth of the industrial 3D printing market during the forecast period.

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Expansion of Software Component

  • Based on component, software is the fastest expanding segment of the industrial 3D printing market since businesses are moving toward advanced manufacturing processes and adoption of software printers for complex designs and prototypes.
  • Moreover, industrial 3D printing software is widely used in different industry verticals for the design and execution of manufacturing parts.
  • Aerospace & defense segment is expected to expand at a substantial rate during the forecast period due to the significant adoption of 3D printers, materials, and services by this industry. The aerospace industry is projected to offer lucrative opportunities for industrial 3D printing technologies in the near future.
  • In February 2020, 3D Systems, a US-based company expanded its contract with Sanmina, a global leader in integrated manufacturing services, to manufacture and supply specific plastic 3D printing platforms.
  • High initial investment associated with 3D printing solutions, economic slowdown due to COVID-19, and lack of standardization are the factors that hinder the global industrial 3D printing market.

North America to Lead the Industrial 3D Printing Market

  • In terms of region, the global industrial 3D printing market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • North America is anticipated to dominate the industrial 3D printing market throughout the forecast period due to the adoption of 3D printers and materials in several sectors, such as printed electronics, healthcare, energy, and jewelry in this region.
  • Technological development in manufacturing in the US and Canada also propels the growth of the industrial 3D printing market.
  • The market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period due to the increasing demand for 3D printing from automotive and aerospace & defense industries in the regions.
  • On the other hand, the industrial 3D printing market in Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.

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Key Players Operating in the Global Industrial 3D Printing Market

Key players operating in the global industrial 3D printing market are focusing on technological advancements and expansion to meet the rising demand for industrial 3D. Moreover, key market players are emphasizing on strategic initiatives to enhance business and establish their manufacturing facilities.

Key players operating in the global industrial 3D printing market are:

  • Stratasys, Ltd.
  • 3D Systems
  • Materialise NV
  • EOS GmbH
  • GE Additive
  • ExOne
  • voxeljet AG
  • SLM Solutions Group AG
  • EnvisionTEC
  • HP Development Company, L.P.

Global Industrial 3D Printing Market: Research Scope

Global Industrial 3D Printing Market, by Component

  • Hardware
  • Software
  • Services

Global Industrial 3D Printing Market, by Technology

  • FDM
  • SLS
  • SLA
  • Polyjet
  • Binder Jetting
  • Others

Global Industrial 3D Printing Market, by Application

  • Prototyping
  • Production
  • Proof of Concept
  • Others

Global Industrial 3D Printing Market, by End-use Industry

  • Automotive
  • Aerospace & Defense
  • Healthcare
  • Jewelry
  • Architecture and Construction
  • Consumer Products
  • Others

Global Industrial 3D Printing Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Industrial 3d Printing Market

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