Global automated 3D printing market expected to become USD 5083.8 Mn in total market revenue (TMR) by 2025: Market insights, analysis, trends, forecast | Sheer Analytics and Insights
Sheer Analytics and Insights Pvt. Ltd. have published a report on the global automated 3D printing market titled Global Automated 3D printing Market (By Product - Hardware, Software and Services, By Application- Automated Production, Material Handling, Multi-Processing and Post Processing, By End-User- Healthcare and Defense & Aerospace and By Regions) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025. Total Market Revenue (TMR) of the market is currently estimated to reach US$ 5,083.8 by the year 2025. The market will be growing at a CAGR of 52.3% during the forecast period 2018-2025. The report covers the forecast and analysis of the Automated 3D printing on both regional as well as global level.
An automated 3D printing is used for giving an immediate shape and structure of an idea or visual by implementing a program in the automated production process. The global automated 3D printing market is expected to grow at a significant rate during the forecast period owing to the rise in the demand for mass customization and large batch technology which in turn is expected to influence the OEM manufacturers to integrate their systems to automate production lines within 3D printer networks. The increasing trend for adopting automation technologies in manufacturing plants to inspect the manufacturing efficiency with software enabled quality assurance 3D technology is further expected to drive the global automated 3D printing market during the forecast period. Adoption of robots with a view to achieving high efficiency, improved product quality, and greater productivity. automation technology to accomplish efficient and fast production cycle are expected to drive the demand for automated 3 printing market across several industry verticals. Easy programmability coupled with fast production is expected to be the key reason to implement robotics in automated 3D printing market during the forecast period. Rapid verification coupled with a single step manufacturing solution is estimated to create new necessities and augment the market of growth over the forecast period of 2018-2025.
Geographically, the global automated 3D printing market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa. The North America region has witnessed the highest growth on the global automated 3D printing market. This is due to the presence of automated 3D printing equipment manufacturers in the US. Continuous investment in R&Ds coupled with grants from universities and government is further expected to drive the automated 3D printing market in the North America region. Asia-Pacific and Europe regions are further expected to follow the North America region in terms of growth rate and revenues owing to rapid modernization and industrialization in the developing countries of these regions. Asia-Pacific region is expected to grow at the fastest CAGR owing to massive foreign direct investments to adopt latest technologies coupled with the attempt to solidify the defense line as political unrest is prevailing in several countries that include India, China, North Korea, and few others. The usage of the automated 3D printings is also expected to propel in the Latin American, Middle East, and African region as well owing to rapid modernization across several industries.
In the very recent market research report published by Sheer Analytics and Insights Pvt. Ltd., a market is segmented on the basis of product, application, end-user, and region. On the basis of product, the segment has been divided as hardware, software, and services. And application segment has been further sub-segmented as automated production, material handling, multi-processing, and post-processing. In addition, the end-user segment has further been divided into healthcare and defense & aerospace.
Asia-Pacific region is expected to play a dominant role in the growth of the global automated 3D printing market. Technical advances coupled with market gains by OEM’s of China with the rapid adoption of automated 3D printing technology by APAC manufacturers owing to the range of 3D printing benefits such as more technical, economical and operational enhancements exceed arbitrage of labor cost. In addition, automated 3D printing mergers and acquisitions among software and hardware companies are expected to drive the automated 3D printing market in the Asia-Pacific region. The acquisition of overConcept laser and Arcamcoupled with consolidation among software and hardware manufacturers are expected to take a significant role as these consolidations will leverage an improved opportunity for further research and development in this region.
According to Menno Ellis, SVP Strategy and Vertical Markets, 3D Systems, “I believe that 3D printing in 2018 will see continued advancements in bioprinting of tissues and organs, enabling the greater number of healthcare applications. Also, continuing advancements in material development enabling new applications for end-part production in high-stress environments including auto, aero, consumer goods and medical/dental.”
Some of the key industry players in the global automated 3D printing market include 3D Systems, 3Dprinter Os, Abb, Concept Laser (Ge), Formlabs, Hp, Nextgenam, Siemens, Stratasys, and Ultimaker.
Global Automated 3D printing Market, By Product
Global Automated 3D printing Market, By Application
- Automated Production
- Material Handling
- Post Processing
Global Automated 3D printing Market, By End-User
- Defense & Aerospace
Global Automated 3D printing Market: By Geography
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- The Middle East and Africa
- South Africa
- Rest of the Middle East and Africa
- Latin America
- Rest of Latin America
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