Industrial 3D Printing Market worth 4.75 Billion USD by 2022

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MarketsandMarkets Presents
Industrial 3D Printing Market (3D Manufacturing)
by Process, Technology (SLA, FDM, SLS, DMLS, EBM,
LMD, PJP, DLP, LOM, Inkjet Printing), Software,
Service, Application, End-User Industry and
Geography - Global Forecast to 2022 The
industrial 3D printing market is expected to
reach USD 4.75 billion by 2022, at a CAGR of
29.2 between 2016 and 2022.
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The market for the electrical electronics
end-user industry expected to grow at the highest
rate during the forecast period The demand for
industrial 3D printing in the electrical
electronics industry is expected to increase
considering its growing usage for producing tools
and for printing power connectors, buttons, and
circuits embedded into their plastic models and
robotics. Rise in the adoption of industrial
robotics in the electrical and electronics
industry because of the miniaturization of
electrical and electronics equipment and
complexity in manufacturing processes is expected
to drive the market. PDF Brochure
http//www.marketsandmarkets.com/pdfdownload.asp?i
d160028620 Laser metal deposition expected to
be the fastest-growing technology in the
industrial 3D printing market during the forecast
period The laser metal deposition technology is
used for repairing, cladding, and producing
parts. Some of the common applications of this
technology include repair of mold tool surfaces
and repair and production of machinery parts and
robotics. The benefits of laser metal deposition
printing technology include reduction of material
wastage, reduced tooling costs, repair of parts
that are costly to replace, decreased lead time,
and customization of parts according to
customers requirements.
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North America expected to dominate the industrial
3D printing market during the forecast
period North America is expected to hold the
largest share of the industrial 3D printing
market during the forecast period, with the U.S.
being the major driver for the growth of this
market. Major industries such as aerospace
defense and automotive are increasingly using
industrial 3D printing technology for tooling,
producing  robotics parts such as arms and
grippers, and manufacturing machinery parts to
maximize functional integration and consistency
while minimizing costs Report Information
http//www.marketsandmarkets.com/Market-Reports/in
dustrial-3d-printing-market-160028620.html The
major players in the 3D printing market include
3D Systems Corporation (U.S.), Stratasys Ltd.
(U.S. Israel), the ExOne Company(U.S.),
Voxeljet AG (Germany), Arcam Group (Sweden), SLM
Solutions Group AG (Germany), EOS GmbH (Germany),
EnvisionTEC GmbH (Germany), Materialise NV
(Belgium), Sciaky Inc. (U.S.), Concept Laser GmbH
(Germany), Hoganas AB (Sweden), and Renishaw PLC.
(U.K.).
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