3D Printing Market Size 2021-2026: Global Industry Trends, Share, Growth, Opportunity and Forecast
October 13, 2021
Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during 2021-2026.SHERIDAN, WYOMING, UNITED STATES, October 12, 2021 /EINPresswire.com/ -- According to IMARC Group’s latest report, titled “3D Printing Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026”, the global 3D printing market reached a value of US$ 13.2 Billion in 2020. Three-dimensional (3D) printing is a process wherein materials, such as polymers, metals, and ceramics, are added layer-by-layer to form 3D objects. It relies on a computer-generated design that makes less material wastage and reduces the overall cost of production. Nowadays, it is gaining widespread adoption in the production of intricate designs, such as maquettes and replicating ancient artifacts in archaeology, over conventional printing technologies.
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Rising sales of vehicles due to rapid urbanization and increasing spending capacity of individuals represent one of the key factors positively influencing the employment of 3D printing in the automotive industry worldwide. It assists in reducing weight, improving performance, and increasing the fuel efficiency of automobiles. Moreover, it finds application in the healthcare industry for complex bioprinting and producing personalized prosthetics. It is also used in reconstructing bones and body parts in forensic pathology. Apart from this, the escalating demand for personalized consumer products, such as toys, shoes, decorative items, and jewelry, is anticipated to bolster the market growth. Looking forward, IMARC Group expects the market to grow at a CAGR of around 20% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Beijing Tiertime Technology
Breakup by Technology:
Fused Deposition Modeling
Selective Laser Sintering
Electron Beam Melting
Digital Light Processing
Breakup by Process:
Directed Energy Deposition
Powder Bed Fusion
Breakup by Material:
Metals and Ceramics
Breakup by Offering:
Breakup by Application:
Functional Part Manufacturing
Breakup by End-User:
Breakup by Region:
Middle East and Africa
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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