3D Printing Market | Industry Analysis and Market Forecast to 2024 | MarketsandMarkets

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MarketsandMarkets Presents
3D Printing Market worth 34.8 billion by 2024
3D Printing Market by Offering (Printer,
Material, Software, Service), Process (Binder
Jetting, Direct Energy Deposition, Material
Extrusion, Material Jetting, Powder Bed Fusion),
Application, Vertical, Technology, and Geography
- Global Forecast to 2024
https//www.marketsandmarkets.com/Market-Reports/3
d-printing-market-1276.html
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According to the new research report "3D
Printing Market by Offering (Printer, Material,
Software, Service), Process (Binder Jetting,
Direct Energy Deposition, Material Extrusion,
Material Jetting, Powder Bed Fusion),
Application, Vertical, Technology, and Geography
- Global Forecast to 2024", the overall 3D
printing market is expected to grow from USD 9.9
billion in 2018 to USD 34.8 billion by 2024, at a
CAGR of 23.25. The ease in the development of
customized products, reduction in manufacturing
cost and process downtime, government investments
in 3D printing projects, and development of new
industrial-grade 3D printing materials are the
key factors driving the growth of this
market. Browse 78 market data Tables and 53
Figures spread through 240 Pages and in-depth TOC
on "3D Printing Market - Global Forecast to
2024"Early buyers will receive 10
customization on this report.
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Service offerings to gain significant share of
3D printing market by 2024 The service segment
accounts for the largest share of the 3D printing
market by offering. The projected growth of the
market for service is attributed to the expected
surge in the demand for custom design and
manufacturing. The market for 3D printing has
been growing at a significant rate with rapid
progress in the industries such as healthcare
(including medical, orthopedic, and dentistry),
aerospace, and automotive as these industries
have been the early adopters of the technology.
However, with the advancement in the printing
technology and materials, the 3D printing service
sector is garnering significant traction as a
source of profit generation, compared to printers
and materials. PDF Brochure_at_ https//www.marketsa
ndmarkets.com/pdfdownloadNew.asp?id1276
Power bed fusion process expected to hold
largest share of 3D printing market by 2024 Power
bed fusion process accounts for the largest share
of the market. The ability to produce complex
geometries, high-feature resolution, good
strength, and decent surface finish are the major
drivers for the growth of the market for powder
bed fusion process. The 3D printing procedures
based on the powder bed fusion process in the
aerospace, automotive, healthcare, and
engineering industries most commonly use
technologies such as direct metal laser sintering
(DMLS), electron beam melting (EBM), selective
heat sintering (SHS), selective laser melting
(SLM), and selective laser sintering (SLS) for
the development of functional parts.

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3D printing market in APAC to grow at highest
CAGR during forecast period The market in APAC is
expected to grow at the highest CAGR during the
forecast period. Government initiatives, funding
in research and development, and extensive
industrial base are the major factors that make
APAC a dynamic region for 3D printing, with Japan
and China being the major contributors. The
establishment of the centers for 3D printing
research, training, and education and the efforts
by leading players in the market, such as
Stratasys Lt. (Israel), 3D Systems (US), EOS GmbH
(Germany), ExOne (US), and EnvisionTEC (Germany),
to expand their distribution networks to the
emerging markets in the Asian countries are
expected to drive the market in APAC. Inquiry
Before Buying _at_ https//www.marketsandmarkets.com/
Enquiry_Before_BuyingNew.asp?id1276 Key players
in the overall market include Stratasys (US), 3D
Systems (US), EOS GmbH (Germany), GE Additive
(US), Materialise (Belgium), SLM Solutions
(Germany), ExOne (US), Voxeljet (Germany), HP
(US), and EnvisionTEC (Germany). These players
are increasingly undertaking agreements,
partnerships, collaborations, and product
launches and developments as the key strategies
to increase their market shares.

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