Global 3D Printing Market- Industry Analysis, Size, Share, Growth, Trends and Forecast- 2019

3D Printing Market is a form of additive manufacturing, where a 3D object is created by layer-by-layer deposition of a printing material. The basic principles in 3D printing include flexibility of output, material cartridges and translation of code into a visible pattern. Various industries such as footwear, architecture and automotive among others use 3D printing.

This technology is used for rapid prototyping, speedy manufacturing, mass customization and mass production. Manufacturers are increasing the use of this technology due to the ease of using this technology compared to the traditional methods.

Thus, the demand for 3D printing is expected to experience robust growth in both commercial and personal printing applications in the coming years.

The global 3D printing market was worth USD 2,200 million in 2012 and is expected to grow at a CAGR of 16.8% from 2013 to 2019.

Request A Sample Of This Report:

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1803

The growth of this technology is driven by expanding application of 3D printing across various application sectors such as consumer products and electronics, automotive and medical. Additionally, consumers’ access to 3D printing has increased due to rise in the number of 3D printing service centers. Furthermore, the availability of low-cost printers has increased the demand for 3D printing in personal use.

A major factor restraining the growth of this market is the inability of a 3D printer to produce in quick time. The production of large objects consumes more time with 3D printing as compared to traditional manufacturing methods. Moreover, infringement of intellectual property rights has increased the number of laws and regulations adding another restraint to the market.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s