Selbyville, Delaware, Sept. 06, 2019 (GLOBE NEWSWIRE) --
Global Market Insights, Inc., announces a report on ‘3D Printing Materials & Equipment Market Trends & Forecast to 2024’. The study provides information about the product, end-user, and regional landscapes of this industry.
Global 3D printing equipment & material market size will be driven by robust growth in aerospace and defense industries. This growth can be attributed to reduced air fares, government expenditure on space research and rising defense investments. 3D printing materials are extensively used in electronics, automobile as well as medical & pharmaceutical industries owing to advantages such as high-speed, precision and smooth surface finish. Positive demand expected across these applications will offer strong revenue potential over the forecast timeline.
North America 3D printing materials market size was valued at over USD 200 million in 2015. Expanding automotive, electronics and aerospace industries in the region will generate a strong consumer base for automobiles and electronic gadgets, boosting product engagement across these applications. Rising investment by the U.S. government to reinforce its defense forces will further complement regional growth by 2024.
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The medical & pharmaceutical sectors are two of the prominent contributors toward 3D printing materials & equipment market share. Technological innovations in the industry have propelled product deployment in advanced medical applications such as organ manufacturing and tissue fabrication. The education sector is emerging as one of the major end-users for 3D printing equipment industry. Increasing consumer investment and government support to promote education coupled with surging professional 3D printer sales will further stimulate product demand in the future.
Ceramic 3D printing materials market size was valued at over USD 100 million in 2015. The segment is anticipated to witness modest gains over the analysis period owing to widespread printing applications in plates, cups & saucers, statues, and figurines. In addition, ceramic offers thermal resistance of up to 600°C and facilitates optimal printing and ink drying.
Metal 3D printing materials industry size is projected to register a healthy CAGR of 17% by 2024 owing to escalating product demand across industrial, automotive, aerospace and defense applications.
Browse key industry insights spread across 164 pages with 170 market data tables & 13 figures & charts from the report, “3D Printing Materials Market Size By Product (Ceramics, Plastics, Metals), By End-user (Electronics & Consumer Products, Automotive, Medical, Industrial, Education, Aerospace), 3D Printing Equipment Market Size By Product (Polyjet, Fuse Deposition Modeling [FDM], Selective Laser Sintering [SLS], Stereolithography [SLA], Colorjet), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 –2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/3D-printing-materials-market
Polyjet 3D printers accounted for a major share of global 3D printing equipment market during 2015. These printers help achieve fine surface finish and are best suited for applications such as printing visual models with finer details, precise tooling patterns, vacuum casting and prototypes for form-and-fitting testing. Moreover, they offer excellent capability to print all the parts and assemblies of a model comprised of various kinds of materials.
Selective laser sintering (SKS) 3D printing equipment market share is estimated to grow at a double-digit CAGR in terms of volume over the coming years. SLS printers are widely used in numerous end-user industries such as aerospace, defense and automotive. These printers in comparison with other existing counterparts offer superior functionality, strength, and complexity while production.
Global 3D printing materials market share from electronics & consumer applications have significantly defined the industry trends in recent years. 3D printing enables electronic device makers to enhance aesthetic appearance along with add value to product features. Upgrading socio-economic factors like consumer spending capability, income, and lifestyle dynamics have significantly propelled the demand for consumer electronics including smartphones, televisions and ACs, among others, which will boost the overall industry share by 2024.
Automotive manufacturing businesses worldwide are likely to exhibit a steady CAGR over the next few years. The trend will be chiefly driven by evolving consumer lifestyle dynamics and environmental factors which impact passenger vehicle sales. Robust consumer spending towards vehicle modification to enhance aesthetic appearance will further bolster 3D printing equipment market penetration across the automotive sector.
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Partial Chapters from Table of Contents of the Report:
Chapter 3. 3D Printing Equipment & Material Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Gaining popularity of 3D printing technology
3.4.1.2. Increasing demand from end-user industries
3.4.2. Industry pitfalls & challenges
3.4.2.1. High material cost
3.5. Growth potential analysis, 2016
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Porter’s analysis
3.8. Company market share analysis, 2015
3.8.1. Strategy dashboard
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
Browse Complete Table of Contents @ https://www.gminsights.com/toc/detail/3D-printing-materials-market
Chapter 4. 3D Printing Materials Market, By Product
4.1. 3D printing materials market share by product, 2015 & 2024
4.2. Ceramics
4.2.1. Market estimates and forecasts, 2013 - 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Plastics
4.3.1. Market estimates and forecasts, 2013 - 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Metals
4.4.1. Market estimates and forecasts, 2013 - 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5. Others
4.5.1. Market estimates and forecasts, 2013 - 2024
4.5.2. Market estimates and forecasts by region, 2013 – 2024
Chapter 6. 3D Printing Equipment Market, By Product
6.1. 3D printing equipment market share by product, 2015 & 2024
6.2. Polyjet
6.2.1. Market estimates and forecasts, 2013 - 2024
6.2.2. Market estimates and forecasts by region, 2013 – 2024
6.3. Fuse deposition modeling (FDM)
6.3.1. Market estimates and forecasts, 2013 - 2024
6.3.2. Market estimates and forecasts by region, 2013 – 2024
6.4. Selective laser sintering (SLS)
6.4.1. Market estimates and forecasts, 2013 - 2024
6.4.2. Market estimates and forecasts by region, 2013 – 2024
6.5. Stereolithography (SLA)
6.5.1. Market estimates and forecasts, 2013 - 2024
6.5.2. Market estimates and forecasts by region, 2013 – 2024
6.6. Colorjet
6.6.1. Market estimates and forecasts, 2013 - 2024
6.6.2. Market estimates and forecasts by region, 2013 – 2024
6.7. Others
6.7.1. Market estimates and forecasts, 2013 - 2024
6.7.2. Market estimates and forecasts by region, 2013 – 2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.