Los Angeles, December 27, 2019 - A new report titled, “Global and China 3D Printing Market Research Report 2019” has been added to the chemical and material archive of market research studies by QY Research. According to the report, the market size of is anticipated to reach slightly above US$ 6.0 Bn by the end of 2025 and in 2018, the market size was little more than US$ 2.0 Bn. The market is projected to exhibit a robust CAGR of 16.3% between 2019 and 2025. 3D printing is booming across the industrial sector ranging from medical, consumer electronics, automotive, machinery, home decor, aviation, toys to art. With 3D printing, manufacturers are getting benefited in terms of designing, prototyping, and modeling structures.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1374104/global-and-china-3d-printing-market
Limitations to the 3D Printing Market Growth:
● Adoption of 3D printing is limited to some industries
● High product and entry cost of 3D printing goods
● Dearth of skilled labor
● High cost of equipment required to use 3D printing
● Lack of an international standards body
● Misconceptions regarding prototyping among small and medium-scale manufacturers
Metal 3D Printing to Gain Popularity in the Aerospace Sector: The market researchers have studied the market considering the key type segments including metal, polymer, ceramics, and other. Although, polymer is the most commonly used material type for 3D printing, usage of metal 3D printing is gaining popularity in the aerospace industry to speed up and ease the construction of component parts. The report has comprehensively analysed the application segments of the market including aerospace and defense, automobile industry, medical and dental, and other. Automobile industry to emerge as a key application segment in the years to come owing to growing need for prototyping to develop precise automotive components and complex systems.
Investment in Technological Advancement to Benefit North America Market: Huge investment in 3D printing technologies and widespread application across industries are estimated to fuel the market growth in North America. On the other hand, China is likely to create massive opportunities for companies in 3D printing because of favorable government support and increasing personalized demand from consumers. Additionally, active development in the aerospace and automotive sectors is also contributing to the market growth in this country.
R&D Activities to Become Prominent among Manufacturers in Future: Key players functioning in the global and China 3D Printing market comprising Stratasys, ExOne, EOS, GE Additive, 3D Systems, SLM Solutions, HP, EnvisionTEC, Renishaw, VoxelJet AG, Optomec, SHINING 3D, and BLT have been mapped by the report.
● Manufacturers are anticipated to lay emphasis on product innovations and technological development so as to meet the soaring demand from the end-use industries
● They are also involved in extensive research and development to delve into the potential of 3D printing in varied sectors
● Moreover, strategies such as diversified product portfolio, business expansion, strategic partnerships, and mergers and acquisitions are prominent among them to acquire a major share in the 3D printing market.
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