As stated in a recently published information by Credence Research“3D Printing (Polyjet, Stereolithography (SL), Fused Deposition Modelling (FDM), Electron Beam Melting, Selective Laser Sintering (SLS), Others) Industry – Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 – 2023”,the global 3D printing Industry stood at US$4.83Bn in 2015and is estimated to expandwith a CAGR of 15.3% from 2016 to 2023.
3D printing, also called as additive manufacturing, refers to a process of making three-dimensional (3D) solid objects using a digital model. In 3D printing, the object is prepared by placing down successive layers of material. Since the introduction of 3D printing technology in 1984, the technology is steadily becoming popular and is expected to gain substantial traction in the coming years. Till date, the 3D printing technology is used in various applications such as jewelry, consumer goods, industrial design, aerospace, construction, automotive, healthcare, geographic information systemsand others. The technology is, however, used majorly for prototyping and Industrying purposes. End-users are still hesitant in shifting towards 3D printing for large scale manufacturing which may challenge the Industry growth.
Browse Here For Full information with ToC : http://www.credenceresearch.com/report/3d-printing-market
The 3D printing Industry is majorly driven by the superior advantages of the technology as compared to the traditional (subtractive) manufacturing. Some of the most significant advantages observed of using 3D printing technology are listed below:
• Efficient use of raw materials with minimal wastage
• Easy customization of the desired end-products
• Reduced output time
• Less error possibility
Additive manufacturing offers better overall efficiency as compared to the traditional manufacturing processes. As a result, the technology is expected to expand exponentially in the coming years.
Requesting For Sample : http://www.credenceresearch.com/sample-request/57898
The global 3D printing Industry is highly fragmented in nature with large number of players striving to establish their remarkable presence in the Industry. The companies operating in the Industry compete primarily on the basis of technology, ease of process and providing a full suite of products and services. The Industry comprises various technologies that are designed for specific applications. Thus, no company has established monopoly in the overall Industry over the period of time. Nevertheless, with various tech giants such as Google, Inc., Hewlett-Packard (HP) Company, Lenovo Group Ltd. and others, the Industry is expected to emerge highly competitive in the coming years. Major companies plan to expedite their operation in the 3D printing segment from the year 2016 onwards.
• 3D printing for manufacturing end-use products rather than simply prototyping
• Focus on gaining expertise in different 3D printing technologies
• Acquisition of other players for strengthening technological position as well as global presence
• Focus on specific applications such as residential, automotive and healthcare
Credence Research is a worldwide Industry research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Name: Chris Smith (Global Sales Manager)
Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US