New report: Industrial 3D Printing Market opportunities and forecast assessment, 2021 - 2026
According to a new report, titled, “Industrial 3D Printing Market Insights, Trends, Opportunity & Forecast, 2021–2026,” Industrial 3D Printing market size is anticipated to at a witness single digit growth during forecast period i.e. 2021-2026.
The global industrial 3D printing market is anticipated to grow from over USD 2.0 billion in 2020 to more than USD 5.0 billion by 2026 at a CAGR of around 20.2% during the period.
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The global Industrial 3D Printing market is predicted to develop due to the use of Industrial 3D Printing in paints, plating chemicals, and catalysts. Furthermore, alloys, catalysts, pigments, magnets, and soaps all need cobalt carbonate. It's utilized as a dietary supplement because it's a necessary component for good health. Industrial 3D Printing is also frequently utilized as a cathode material in batteries, cars, and electronic gadgets. Due to the alloy's excellent heat resistant qualities, it's also employed in the repair of alloys used in jet engines.
COVID-19's Effects
Over the last 18 months, almost every industry on the planet has suffered a setback. This is due to major disruptions in their manufacturing and supply-chain operations as a result of numerous precautionary lockdowns and other restrictions imposed by governments around the world. The global Industrial 3D Printing market is no exception. Furthermore, consumer demand has decreased as people have been more focused on removing non-essential expenses from their budgets as the general economic situation of most people has been badly impacted by the outbreak. The revenue trajectory of the worldwide Industrial 3D Printing market is likely to be hampered by the aforementioned factors throughout the forecast period. The global Industrial 3D Printing market, on the other hand, is predicted to rebound as separate regulatory bodies begin to relax these imposed restrictions.
The report investigates North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa in terms of geography. With growing demand in emerging economies such as India and China, the Asia-Pacific region has the greatest proportion of the Industrial 3D Printing market. Due to its rising applications in the vehicle sector, Europe is a close second. In the foreseeable future, North American and Latin American markets are expected to see significant expansion.
Global Industrial 3D Printing market analysed across different geographies i.e. North America (U.S. & Canada), Europe (Germany, United Kingdom, Italy, Spain, Russia, France and Rest of Europe), Asia Pacific (China, India, Japan, Indonesia, Taiwan, South Korea, Australia, New Zealand), Latin America (Brazil, Mexico, Argentina) & Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa).
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Market Segmentation
By Offering:
- Printers
- Materials
- Plastics
- Metals
- Ceramics
- Other Materials
- Software
- Printing
- Design
- Inspection
- Scanning
- Services
By Technology:
- Stereolithography
- Fused Deposition Modelling
- Selective Laser Sintering
- Direct Metal Laser Sintering
- Polyjet Printing
- Inkjet Printing
- Electron Beam Melting
- Laser Metal Deposition
- Digital Light Projection
- Laminated Object Manufacturing
- Others
By Application:
- Prototyping
- Manufacturing
By Process:
- Material Extrusion
- Material Jetting
- Binder Jetting
- Sheet Lamination
- Vat Photopolymerization
- Powder Bed Fusion
- Direct Energy Deposition
By End-Use Industry:
- Automotive
- Aerospace & Defense
- Food & Culinary
- Printed Electronics
- Foundry & Forging
- Healthcare
- Jewelry
- Oil & Gas
- Consumer Goods
- Others
Companies Profiled in Report
Some of the key players major Industrial 3D Printing market companies profiled in the report include:
- The Exone Company
- Voxeljet
- SLM Solutions Group
- Optomec
- Concept Laser
- Renishaw
- ARC Group Worldwide
- Hoganas
- Koninklijke DSM
- Cookson Precious Metals
- Markforged
- 3D Systems
- Materialise NV
- EOS
- GE Additive
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