Global Industrial 3D Printing Market
Dublin, June 13, 2022 (GLOBE NEWSWIRE) -- The "Industrial 3D Printing Market with COVID-19 Impact Analysis, by Offering (Printers, Materials, Software, Services), Application, Process, Technology, Industry (Aerospace & Defense, Automotive) and Geography - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering. The industrial 3D printing market is expected to grow from USD 2.1 billion in 2021 and is projected to reach USD 5.2 billion by 2026; it is expected to grow at a CAGR of 20.0% during the forecast period.
As AM is industrializing, software are playing a significant role across all areas of the AM workflow. While design, CAD, and simulation have always been a necessity in the AM process, the manufacturing of industry-grade and lightweight parts requires software that can adequately cope with the specific needs of the process. There is also a growing demand for 3D printing services as it helps in reducing manufacturers' costs attributed to the reduction in person-hours and material loss from the conventional manufacturing process. Market for industrial 3D printing services to have highest CAGR during the forecast period
The industrial 3D printing market for services is expected to grow at the highest CAGR during the forecast period. For many companies, 3D printing is unfeasible due to the high associated costs. Thus, 3D printing services are high in demand as they do not require high initial capital expenditure. Services such as consultation and shipping are also covered under 3D printing services. Electron beam melting technology segment to have highest growth throughout the forecast period
The electron beam melting technology segment is expected to witness the highest growth during the forecast period. Electron beam melting technology has proven to be a cost-effective additive manufacturing (AM) solution in the manufacturing of orthopedic implants and parts used in the aerospace industry. The technology offers design freedom and stacking capabilities. EBM helps to build high-strength parts that make the most of the native properties of the metals used in the process, eliminating impurities that may accumulate when using casting metals or other fabrication methods. Although the market for EBM is relatively small due to the high costs of printers, it is witnessing high adoption for printing critical components for the aerospace & defense, petrochemical, automotive, and medical industries. Market for healthcare industry to grow at highest CAGR during the forecast period
The industrial 3D printing market for the healthcare industry is expected to grow at the highest CAGR during the forecast period. 3D printing in healthcare is a fast-growing subsector. Due to decreased costs of 3D printers and increased availability of CAD/CAM medical software, many hospitals worldwide are acquiring 3D printers. New technological developments have enabled healthcare advances with 3D printing. For instance, customized 3D-printed surgical instruments such as scalpel handles, forceps, or clamps that reduce operating time and provide better surgical outcomes are manufactured from materials such as stainless steel, nylon, titanium alloys, and nickel. The advancements in 3D printing technology are expected to enable healthcare providers to offer a high degree of customized care. Market in APAC to grow at highest CAGR during the forecast period
The industrial 3D printing market in APAC is expected to witness the fastest growth during the forecast period. This region is a lucrative market for industrial 3D printing, owing to industrial development and improving economic conditions. This region constitutes approximately 60% of the world's population, resulting in the high growth of various industries, such as automotive and healthcare. Global manufacturers having their presence in APAC in terms of manufacturing facilities, distribution systems, and sales offices are easing the supply of 3D printing components in this region. Establishing regional centers for industrial 3D printing training, research, and education in Asian countries is expected to provide skilled operators for 3D printing systems. These factors are expected to contribute to the regional market growth.
1 Introduction 2 Research Methodology 3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Industrial 3D Printing Market 4.2 Industrial 3D Printing Market, by Offering 4.3 Industrial 3D Printing Market, by Process 4.4 Industrial 3D Printing Market, by Industry 4.5 Industrial 3D Printing Market in North America, by Offering and Industry 4.6 Industrial 3D Printing Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increased Focus on High-Volume Production Using 3D Printing 5.2.1.2 Advancements in 3D Printing Software 5.2.1.3 Growing Demand for 3D Printing Services 5.2.1.4 Development of Advanced 3D Printing Materials 5.2.2 Restraints 5.2.2.1 High Capital Requirement for Additive Manufacturing 5.2.2.2 Lack of Standardization 5.2.3 Opportunities 5.2.3.1 Smart Manufacturing with Industry 4.0 5.2.3.2 Increasing Investments in Core Printing Technologies and Specialized Software 5.2.3.3 Positive Impact of COVID-19 on 3D Printing Market 5.2.4 Challenges 5.2.4.1 Threat of Copyright Violation 5.2.4.2 Adverse Impact of Large-Scale 3D Printing on Environment 5.3 Tariffs and Regulations 5.3.1 Tariffs Related to 3D Printers 5.4 Regulations 5.5 Case Studies 5.6 Pricing Analysis 5.7 Value Chain Analysis 5.8 Ecosystem/Market Map 5.9 Industrial 3D Printing Market: Supply Chain 5.10 Technology Analysis 5.10.1 Key Emerging Technologies 5.10.1.1 Hybrid Manufacturing 5.10.2 Adjacent Technologies 5.10.2.1 Cnc Machining 5.11 Technology Trends 5.11.1 Shift Toward Service Providers for Functional Parts 5.11.2 Development of New Materials in Industrial 3D Printing Market 5.12 Patent Analysis 5.12.1 List of Major Patents 5.13 Trade Data 5.13.1 Import Scenario 5.13.2 Export Scenario 5.14 Porter's Five Forces Analysis 5.15 Trends and Disruptions Impacting Customers
6 Industrial 3D Printing Market, by Offering 6.1 Introduction 6.2 Printers 6.3 Materials 6.4 Software 6.5 Services 6.6 Impact of COVID-19 on 3D Printer Offerings
7 Industrial 3D Printing Market, by Process 7.1 Introduction 7.2 Binder Jetting 7.2.1 Binder Jetting Works with All Types of Materials Available in Powdered Forms 7.3 Direct Energy Deposition 7.3.1 Direct Energy Deposition Machine Has Head That Consists of Nozzle Affixed to Multi-Axis Arm 7.4 Material Extrusion 7.4.1 Fused Deposition Modeling (Fdm) is Used in Material Extrusion Process 7.5 Material Jetting 7.5.1 Material Jetting is Also Known as Multi-Jet Modeling, Drop on Demand, Thermojet, Inkjet Printing, and Photopolymer Jetting 7.6 Powder Bed Fusion 7.6.1 Powder Bed Fusion Process Uses Electron or Laser Beams to Melt and Fuse Material Powders 7.7 Sheet Lamination 7.7.1 Sheet Lamination Process is Mostly Used When Metal or Paper is Used as Printing Material 7.8 Vat Photopolymerization 7.8.1 Vat Photopolymerization Process Uses Stereolithography and Digital Light Processing Technologies
8 Industrial 3D Printing Market, by Technology 8.1 Introduction 8.2 Stereolithography 8.2.1 Stereolithography Uses Uv Lasers to Cure and Solidify Thin Layers of Photo-Reactive Resin 8.2.2 Advantages and Disadvantages of Stereolithography 3D Printers 8.3 Fused Deposition Modeling (Fdm) 8.3.1 Fdm is Highly Used to Create Concept Models and Functional Parts 8.3.2 Advantages and Disadvantages of Fused Deposition Modeling Technology 8.4 Selective Laser Sintering (Sls) 8.4.1 Selective Laser Sintering 3D Printing Technology Uses Laser Beam to Fuse Powdered Thermoplastics 8.4.2 Advantages and Disadvantages of Selective Laser Sintering 8.5 Direct Metal Laser Sintering (Dmls) 8.5.1 Direct Metal Laser Sintering is Used for Building Metallic Objects 8.5.2 Advantages and Disadvantages of Direct Metal Laser Sintering 8.6 Polyjet Printing 8.6.1 Polyjet 3D Printing Technology is Used to Develop Models with Intricate Details and Complex Geometries 8.6.2 Advantages and Disadvantages of Polyjet Printing 8.7 Inkjet Printing 8.7.1 Inkjet 3D Printing Involves Selective Deposition of Liquid Binding Agent to Join Powder Particles 8.7.2 Advantages and Disadvantages of Inkjet Printing 8.8 Electron Beam Melting (Ebm) 8.8.1 Electron Beam Melting Technology Produces High-Density Parts and Have Relatively Good Mechanical Properties 8.8.2 Advantages and Disadvantages of Electron Beam Melting 8.9 Laser Metal Deposition (Lmd) 8.9.1 Laser Metal Deposition Technology Involves Repair, Cladding, and Production of Parts 8.9.2 Advantages and Disadvantages of Laser Metal Deposition 8.10 Digital Light Processing (Dlp) 8.10.1 Dlp 3D Printing Technology is Similar to Stereolithography as Both Technologies Use Photopolymers as Materials 8.10.2 Advantages and Disadvantages of Digital Light Processing 8.11 Laminated Object Manufacturing (Lom) 8.11.1 Laminated Object Manufacturing Uses Sheet Lamination Process That Involves Paper as Printing Material and Adhesives for Binding Sheets 8.11.2 Advantages and Disadvantages of Laminated Object Manufacturing 8.12 Others
9 Industrial 3D Printing Market, by Application 9.1 Introduction 9.2 Prototyping 9.2.1 Prototyping is Becoming Globally Accepted Methodology in Industrial Manufacturing Processes 9.3 Manufacturing 9.3.1 3D Printing Enables Inexpensive Manufacturing of Products in Smaller Volumes
10 Industrial 3D Printing Market, by Industry 10.1 Introduction 10.2 Automotive 10.2.1 Prototyping is Becoming Globally Accepted Methodology in Industrial Manufacturing Process 10.3 Aerospace & Defense 10.3.1 3D Printing Allows for Relatively Inexpensive Production of Products in Smaller Volumes 10.4 Food & Culinary 10.4.1 3D Printing Helps to Create Complex Shapes Used in Food & Culinary Industry 10.5 Printed Electronics 10.5.1 3D Printing Allows for Relatively Inexpensive Production of Products in Smaller Volumes 10.6 Foundry & Forging 10.6.1 3D Printing Has Emerged as Established Technology in Foundry Industry 10.7 Healthcare 10.7.1 Metals, Polymers, and Ceramics are Widely Used 3D Printing Materials in Healthcare Industry 10.8 Jewelry 10.8.1 Jewelers Use Cad and High-Resolution 3D Printers to Create 3D-Printed Patterns 10.9 Oil & Gas 10.9.1 3D Printing is Used to Make Parts Used in Oil & Gas Industry That Exhibit Chemical and Heat Resistance 10.10 Consumer Goods 10.10.1 3D Printing Allows to Achieve High Design Freedom in Making Complex Geometries 10.11 Others 10.12 Impact COVID-19 Pandemic on Various Industries 10.12.1 Most-Affected Industry 10.12.2 Least-Affected Industry
13 Company Profiles 13.1 Key Players 13.1.1 Stratasys 13.1.2 3D Systems 13.1.3 Materialise 13.1.4 Eos 13.1.5 GE Additive 13.1.6 Exone 13.1.7 Voxeljet 13.1.8 Slm Solutions 13.1.9 Envisiontec 13.1.10 Hp 13.2 Other Key Players 13.2.1 Optomec 13.2.2 Groupe Gorge 13.2.3 Renishaw 13.2.4 Hoganas 13.2.5 Covestro 13.2.6 Protolabs 13.2.7 Sculpteo 13.2.8 Ultimaker 13.2.9 Beijing Tiertime Technology 13.2.10 Desktop Metal 13.2.11 Carbon 13.2.12 Markforged 13.2.13 Nano Dimension 13.2.14 Evolve Additive Solutions 13.2.15 Xyzprinting
For more information about this report visit https://www.researchandmarkets.com/r/agf6d5
Global Industrial 3D Printing Market
Maybe skip the fill-up in the Nordic region of the world…
Shares of Chevron (NYSE: CVX) fell 15.4% this week compared to where they closed out last Friday, according to data from S&P Global Market Intelligence, as economic decline looks increasingly likely. The price of a barrel of oil plunged Friday as recessionary fears grew, outweighing the concerns over supplies from global geopolitical hostilities. The price for West Texas Intermediate crude, Brent, and natural gas all tumbled around 5% for the day for July contracts.
Data shows new electric vehicle (EV) purchases jumped in Q1, and many industry watchers speculate that high gas prices are driving this behavior. A new study from Autolist, an online car shopping platform, shows that gas prices actually are not driving more EV consumer sentiment.
Yahoo Finance's Alexis Keenan explains a lawsuit levied against Tesla, SpaceX, and Elon Musk alleging dogecoin scheme.
When Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street and investors wisely pay close attention. While riding Buffett's coattails has been a moneymaking strategy for decades, it's equally important to take note of the stocks that the world's most successful investor and his investing team are selling or avoiding. Thus far in 2022, Warren Buffett has overseen the aggressive selling of the following five stocks.
From Sam Bankman-Fried to Mark Cuban, the biggest names in crypto highlight what’s next for the space. “People are watching and waiting to see if something else will topple,” Dexterity Capital’s Michael Safai says.
Alicia Munnell, head of the Boston College Center for Retirement Research, offers three ways to shore up the system: raise taxes to bolster Social Security, make workplace retirement plans available to all workers, and encourage many Americans to work longer.
Warren Buffett is one of the all-time greats when it comes to finding winning investments in challenging markets. Through recessions, periods of high inflation, wars, pandemics, and other tough market conditions, the Oracle of Omaha has guided his conglomerate Berkshire Hathaway -- and its impressive stock portfolio -- to market-crushing performances, and inspired generations of analysts and investors along the way. With a nod to Buffett's incredible track record, three Motley Fool contributors have singled out a few stocks in the Berkshire Hathaway portfolio that they think look like great buys in this wild market.
Costco’s hefty rotisserie chickens are the stuff of legend. They’re the professional wrestlers of the rotisserie chicken community, with crispy golden skin and some serious girth. They’re big boys. But now, a lawsuit claims that Costco is in violation of several livestock welfare laws by breeding chickens that “unnaturally” grow too fast. The boys... are simply too big.
Although it is unfortunate that you do not have access to an employer-sponsored retirement plan, you’re far from alone. You mention having individual retirement accounts, but you could look into opening a Roth IRA, which is funded with after-tax dollars. “I would start there,” said Chris Hardy, a certified financial planner at Paramount Investment Advisors.
Being wouldn't say when it expects to certify the 737 Max 10, the largest variant of its bestselling 737 Max jet. The company could face costly delays without help from Congress.
Exxon Mobil has gained as oil prices surged and Russia attacked Ukraine, but is XOM still a buy after Q1 earnings and softening oil prices?
David Li, a mid-level executive at a wealth-management firm in Guangdong, knows he cannot rely on his basic government pension, or even on his extra personal investment in retirement insurance, to maintain his standard of living after retirement. "I feel anxious when talking about retirement," said the 43-year-old, who worries his pension and insurance might not keep up with inflation. However, a new option for Li arrived in late April when the Chinese government pushed out a new framework to ex
Keith Johnson, a U.S. investor in the Dogecoin cryptocurrency, has filed a US$258 billion class-action lawsuit against Elon Musk and two of the companies he heads, alleging illegal behavior to manipulate the memecoin’s price. See related article: What is the real value of joke coins like Dogecoin and SHIB? Fast facts The lawsuit alleges: “Since […]
(Reuters) -A 650,000-barrel-cargo of Venezuela's oil chartered by Italy's Eni is about to set sail carrying the first export of crude from the U.S.-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The U.S. State Department sent letters to Eni and Spain's Repsol in May authorizing them to resume taking Venezuelan crude as a way to settle billions of dollars of unpaid debt and dividends owed by the OPEC-member nation. A second tanker chartered by Eni, the very large crude carrier (VLCC) Pantanassa, is currently navigating towards Venezuela and expected to load 2 million barrels of the same grade, diluted crude oil (DCO), and take it to Europe, according to the Eikon data and a shipping document seen by Reuters.
Yahoo Finance health care correspondent Anjalee Khemlani joins the Live show to discuss Florida being the only state not to order Pfizer and Moderna's FDA approved COVID vaccines for children 5-years old and under.
Many workers are looking to change their 9-5, and the potential to secure a higher-paying job with more flexibility is incentivizing millions to learn new technical skills.
'Falling consumer brand value makes us incrementally more cautious about Meta,' says analysts at Needham led by Laura Martin.
The price of bitcoin has fallen through $20,000 (£16,400), marking an important milestone in the ongoing collapse of cryptocurrency. Bitcoin was not the only cryptocurrency to suffer, with the whole market down by more than 7 per cent over the day. The second-largest cryptocurrency, Ethereum, fell even more: down by 9 per cent over the last day and having lost 40 per cent over the last week.
Morning Consult Head of Industry Intelligence Joanna Piacenza joins Yahoo Finance Live to discuss the most trusted brands in the U.S. and how companies can build trust with consumers.