Press release
Industrial 3D printing Market Size, Outlook, Key Players, Share, Overview, Growth, and Forecast 2031
Industrial 3D printing commonly referred to as additive printing is used to create 3D items. For the fabrication of items, additive methods involving several material layers are used in industrial 3D printing. Due to its high accuracy and effective use of materials, 3D printing is now widely used to create customized products across a variety of industries.
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Factors Influencing Market Growth
Increasing demand for product customization to obtain a competitive edge drives market growth.
The rapid expansion of the use of various printing materials is anticipated to fuel the industrial 3D printing market.
Increasing applications in numerous industries and improved manufacturing techniques. Thus, these factors create lucrative opportunities.
The high cost of 3D printing and the need for qualified professionals may hamper the market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic outbreak had a significant impact on the industrial 3D printing market. Many governments enacted lockdowns, which has caused production and manufacturing facilities all over the world to shut down due to crisis and a lack of labor. The global supply chain has also been interrupted by the pandemic outbreak, leaving a huge vacuum in the system. The pandemic's disruptive economic effects have been felt. Due to a temporary delay in the development of industrial 3D printing market solutions caused by a lack of experienced professionals, key participants in the industry will see a loss in revenue for the financial years 2020 to 2021.
Regional Insights
North America dominate the industrial 3D printing market throughout the forecast period due to the existence of numerous market players and rising demand for high-performance metals, expanding applications for 3D-printed metal parts, and widespread adoption and production of goods based on 3D printing technology.
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Leading Competitors
The leading competitors in the global industrial 3D printing market are:
3D Systems
Arcam
Autodesk
ExOne Company
HoganasAB
Optomec Inc
Organovo Holdings Inc
Protolabs
Stratasys
voxeljet
Materialise (Belgium)
Envisiontec
Eos GmbH (Germany)
General Electric Company
GE Additive (US)
HP Inc. (US)
SLM Solutions (Germany)
Canon Inc
Others
Segmentation Analysis
The global industrial 3D printing market segmentation focuses on Component, Technology, End-User, and Region.
Segmentation based on Component
Hardware
Services
Segmentation based on Technology
Stereolithography (SLA)
Selective laser sintering (SLS)
Electron beam melting (EBM)
Fused deposition modeling (FDM)
Laminated object manufacturing (LOM)
Others
Segmentation based on End-User
Manufacturing
Aerospace and Defense
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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