3D Printing Devices, Services And Supplies Global Market Opportunities And Strategies To 2022

LONDON, August 8, 2018 /PRNewswire/ -- The first commercial 3D printers were launched in the early 1990s, and since the early 2000s, 3D printing technology has evolved significantly in terms of price, variety and quality of materials, accuracy, ability to create complex objects, ease of use and suitability for office environments. 3D printing is already replacing traditional prototype development methodologies across various industries such as architecture, automotive, aerospace and defence, electronics, medical, footwear, toys, educational institutions, government and entertainment, underscoring its potential suitability for an even broader range of industries.

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The global market for 3D printing devices, services and supplies was valued at around USD 5.5 billion in 2015 and is expected to reach around USD 27 billion in 2022f, growing at a CAGR of around 25% during the forecast period of 2016e to 2022f.

3D Printing can deliver more benefits than just the ability to develop new devices. The two greatest problems that most manufacturers face when bringing a device to market are tooling costs and stringent regulatory processes. 3D printing has the potential to reduce tooling costs and accelerate lead time and regulatory submissions substantially when compared to conventional methods.

Why this report?

Timely and Critical:
- Favorable government policies for 3D printing innovations
- Increasing public and private funding for 3D printing technologies
- Growing application areas for 3D printing technologies
- Companies achieving operational efficiencies by using 3D printing technologies
- Increasing awareness about 3D printing technologies in emerging countries.
- Emergence of new innovative tech start-ups for 3D printing in emerging economies
- Increased R&D spending
- Increased consolidation of market

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