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Future development trends in all aspects of the 3D printing industry

Today, additive manufacturing has been widely used in the construction, footwear, industrial design, jewelry, engineering and construction, education, aerospace, dental and medical, consumer goods and automotive industries. Additive manufacturing has several benefits, such as rapid manufacturing, ease of molding, mass production, and mass customization.


In the next few years, as more and more raw material supplies and more end users adopt this technology, the growth of the global additive manufacturing market is expected to be huge. The growing number of additive manufacturing R&D activities is expected to change traditional manufacturing and supply chains and open the door to product innovation. A few years ago, the application of this technology was still limited. For example, in the medical field, it is only used to produce prototypes or models. But as technology advances, it is used to make prostheses, implants, scaffolding, organs and surgical equipment. In other end-user industries such as automotive and electronics, these advances have paved the way for cleaner, safer, lighter products, lower costs and shorter lead times.


In terms of geographic factors, Europe and North America will have a considerable cumulative share in the global market. Governments and international participants are increasingly investing in this technology and are promoting growth in all regions. Consumers’ high disposable income and high awareness also play a crucial role in the new round of growth. On the other hand, the Asia Pacific region is expected to show significant growth rates in the future. The huge potential of the region's market is attracting global players to build new production plants. In addition, the increasing use of advanced technologies in the medical field is driving growth in the region.


In October 2018, several research institutes released their market reports related to 3D printing, which were organized according to several recent reports:


Big prediction: future development trend of all aspects of 3D printing industry


The global 3D printing market will reach $44.39 billion by 2025, with a compound annual growth rate of 21.8%.


According to a market report published by United Market Research, the global 3D printing market reached US$8.62 billion in 2017, and is expected to reach US$44.39 billion by 2025. The compound annual growth rate (CAGR) from 2019 to 2025 is 21.8. %.


The growth of the 3D printing market is due to, for example, greater use of 3D printing in the automotive industry, as well as the benefits of using such technologies, such as reducing errors, reducing development costs and time, and the ability to provide customized products. However, the high cost of 3D printing and the lack of skilled labor also hindered the growth of the market. Conversely, the increased use of this technology in healthcare and other areas will provide market participants with lucrative prospects.


Among the various technologies, FDM technology accounts for about half of the total market share in 2017 and is expected to maintain its leading position throughout the study period. This is because it is widely used in automotive, aerospace, jewelry and art, construction, packaging, biomedical, consumer, electrical and electronic products. In addition, it is less expensive than other technologies. From 2019 to 2025, electron beam melting (EBM) technology will grow at a rapid rate of 30.5% compound annual growth rate.


The hardware division accounted for 58% of total market revenue in 2017 and is expected to maintain its leading position throughout the forecast period. However, from 2019 to 2025, CAGR for 3D printing services will be the fastest 24.9%, as many companies have been providing 3D printing services to customers who are reluctant to invest in 3D model manufacturing technology or hardware. The software component will grow steadily during the research period.


Among the end users, the aerospace and defense sector accounts for approximately 27% of the total market share in 2017 and is expected to remain dominant by 2025. This is due to the large number of applications of 3D printing in this industry, especially the formation and manufacture of complex geometric parts that cannot be achieved by traditional methods. However, between 2019 and 2025, the healthcare sector will catch up with CAGR 26.6% because 3D printing can print custom prostheses as required.


North America still dominates the market for a long time, contributing 40% of the market in 2017 and is expected to remain dominant throughout the forecast period. On the other hand, Latin America, the Middle East, and Africa (LAMEA) expect CAGR to be the fastest at 28.20% between 2019 and 2025.


The main players analyzed in the report include 3D systems, ArcamAB, Autodesk, Stratasys, ExOne, Hogana, Optomec, Organovo Holdings, Ponoko Ltd. and Voxeljet AG. These companies have adopted expansion, product development, cooperation, joint ventures and merger strategies to maintain fierce market competition in the industry.


+86 13421471917  Billy Lau
 billy@flyinn-tech.com /  james@flyinn-tech.com

FlyInn Tech ZhongShan Co.,Ltd. Unit 1857, 18 floor, LiHe  commercial centre, ZhongShan city, GuangDong, China.


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