|By PR Newswire||
|March 21, 2017 05:30 AM EDT|
OCEAN VIEW, Delaware, March 21, 2017 /PRNewswire/ --
Selective Laser Sintering (SLS) 3D printing equipment market share is likely to observe growth close to 15% in terms of volume over the estimated period. These printers are broadly used in various end-user industries such as aerospace and automotive.
The industry research 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" by Global Market Insights, Inc. says 3D Printing Materials Market is set to cross USD 3 billion, 3D Printing Equipment Market will exceed USD 9 billion by 2024.
Robust growth in the aerospace industry on account of reduced fair, government investment in space research, massive new aircraft manufacturing backlogs and defense investment for enhancing their defense forces has positively influence the overall 3D printing equipment market size. The civil aviation business is witnessing escalating growth due to socio economic factors such as increasing consumer income. Airline passenger traffic across the globe was more than 5.5 RPKs billion in 2013 and by 2033, is forecast to exceed 15 RPK billion. These factors will positively impact demand, as the product is extensively used in the aerospace industry for injection molding and rapid prototyping applications.
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In the aerospace industry, it enables stimuli to industry changes and faster iteration. Furthermore, the civil aviation industry is focused on expansion via strategic partnerships & alliances such as frequent flyer programs (FFP), onboard duty-free sales and annual subscriptions for premium services.
Positive growth indicators across automotive, education, medical and pharmaceutical applications offer strong global 3D printing materials market growth potential. For instance, the global automotive manufacturing business is likely to expand at over 4% CAGR between 2016 and 2024. This trend is mainly driven by increasing personal vehicle sales in the BRIC nations on account of improving consumer lifestyle dynamics. Furthermore, technological developments in the medical and pharmaceutical industry have propelled the product demand in the medical applications such as tissue fabrication and organ manufacturing. Associated high product cost is the major hindrance faced by the industry share contributors and thus may hamper the global 3D printing materials market size by 2024.
Browse key industry insights spread across 170 pages with 170 market data tables & 13 figures & charts from this 2017 report 3D Printing Materials & Equipment Market in detail along with the table of contents at:
In 2015, ceramic 3D printing materials market size was more than USD 100 million. This printer finds application across in plates, cups, saucers and statues. In addition, ceramic offers printing accessibility over elevated temperatures. Metal 3D printing materials market share shall witness gains close to 17% CAGR by 2024. Increasing product demand across industrial, aerospace, defense, and automotive due to substantial metal usage in these industries will positively boost the overall 3D printing material market size by 2024.
In 2015, the global 3D printing materials market size for electronics & consumer products accounted for more than 20% of the overall business share. Upgrading socio economic aspects including consumer spending pattern, lifestyle dynamics and income have positively influenced the electronic gadgets demand globally. This in turn will boost the overall 3D printing material market share by 2024.
Polyjet 3D printing equipment market share accounted for over 35% of the overall industry in 2015. In addition, SLS 3D printing equipment market size shall witness gains close to 15% CAGR between 2016 and 2024. Increasing SLS product applications in automotive and aerospace industries will stimulate business growth by 2024.
In 2015, North America 3D printing materials market size was over USD 200 million. Escalating electronic, automotive and aerospace industry in the region is the prime growth factor. Asia Pacific, mainly led by India, China and Japan is likely to observe highest growth more than 20% between 2016 and 2024. Inclining medical and pharmaceutical industry China and India is the chief factor driving the regional 3D printing materials market size by 2024.
In 2015, the 3D printing materials & equipment market size was highly consolidated with major industries holding more than 50% of the total business share.
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3D Printing Materials & Equipment market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
3D Printing Materials Market By Product
3D Printing Materials Market By End-user
- Electronics & Consumer Products
3D Printing Equipment Market By Product
- Fuse deposition modeling (FDM)
- Selective laser sintering (SLS)
- Stereolithography (SLA)
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- South Africa
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- Roll-to-Roll Printing Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 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.
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SOURCE Global Market Insights, Inc.
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