3D Printing Market Size to Reach Revenues of around $29 Billion by 2025 - Arizton
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3D Printing Market Size to Reach Revenues of around $29 Billion by 2025 - Arizton

CHICAGO, Aug. 17, 2020 — (PRNewswire) — The global 3D printing market size is expected to grow at a CAGR of over 18% during the period 2019−2025.


Key Highlights Offered in the Report:  

1.  The global 3D printing market will contribute over $150 absolute growth during 2019-2025.

2.  Registering a growth CAGR of over 18%, the global 3D printing market will contribute around $18 billion incremental growth during 2019-2025.

3.  Buoyed by the growing demand for prototyping segment, the market revenue will reach over $10 billion in 2020.

4.  Services component type dominated the market in 2019 with revenue of around $4 trillion.

5.  North America will continue its market dominance during the forecast period.

6.  Europe and countries in APAC are expected to witness strong traction in demand for 3D printing during the forecast period.

7.  APAC is expected to witness the second-highest incremental growth of over $5 billion after North America during the forecast period.

Key Offerings:

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3D Printing Market – Segmentation

3D Printing Market by Component

3D Printing Market by End-user

3D Printing Market by Application 

3D Printing Market by Operation

3D Printing Market – Dynamics

Sustainable development is growth that satisfies current needs without undermining future generations' capacity to fulfill their needs. Businesses are searching for ways to automate their production practices in a strategy known as circular manufacturing to reduce energy use and waste. Considering all 3D printing elements, from the use of raw materials to waste reduction, it is stronger than traditional production methods. Two key factors that have made 3D printing popular for its green technology are its ability to minimize waste using subtractive manufacturing, where content is applied layer by layer and its ability to manufacture directly at the client's place, thus eliminating logistics and travel problems.

Key Drivers and Trends fueling Market Growth:

3D Printing Market – Geography

The 3D printing industry continues to dominate North America. Most of this share comes from the US, which remains the global leader in 3D printing due to its early technical advancement and historical success in conventional manufacturing. The advancement of technology in the area is also driven by the number of major players in the industry and the number of patents in the lead. More than 30% of 3D printing companies are headquartered in the US, the largest in the world. These include established players, such as 3D Systems and Stratasys, the trifecta of unicorns and many traditional manufacturing companies that have made a leap into 3D printing, such as GE & HP.

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3D Printing Market by Geography

Prominent Vendors

Other Prominent Vendors 

Explore our industrial machinery profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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SOURCE Arizton Advisory & Intelligence

Company Name: Arizton Advisory & Intelligence