Industrial 3D Printing Market to Attain USD 54.96 billion by 2027; Manufacturing of 3D Printed Pre-Sterilized Nasopharyngeal (NP) Swab Testing Kits by Structo Pte Ltd to Help Growth, states Fortune Enterprise Insights™

Pune, Jan. 21, 2021 (GLOBE NEWSWIRE) – The global industrial 3D printing market size is projected to reach $ 54.96 billion by 2027, with a CAGR of 23.5% over the forecast period. The increasing adoption of 3D printing materials in various industries such as automotive, aerospace, defense and healthcare will have a tremendous impact on the market, according to Fortune Business Insights in a report titled “The Size, Share and Market Share of Industrial 3D Printing “. 19 Impact analysis by component (hardware, software and services), by technology (FDM, SLS, SLA, DMLS / SLM, Polyjet, Multi-Jet-Fusion, DLP, Binder Jetting, EBM, CLIP / CDLP, SDL and LOM), application (Prototyping, production, proof of concept, and others), end-users (automotive, aerospace and defense, healthcare, architecture and construction, consumer goods, education, and others) and regional forecast, 2020-2027. “The market size in 2019 was $ 10.41 billion.

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The Report on the Industrial 3D Printing Market Includes:

  • Important facts and figures
  • Comprehensive analysis of the market
  • Comprehensive information on industry players
  • Latest industry trends
  • Remarkable industry development
  • COVID-19 effect on the market

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Market drivers:

Large investments in 3D printing projects to advance the market

Increasing digitalization has enabled the additive manufacturing industry to make rapid advances and fueled market growth. The growing government involvement and investment in building a sustainable and successful additive manufacturing ecosystem will have a huge impact on the marketplace. For example, Structo Pte Ltd, a Singapore-based provider of 3D printing solutions for dentists, received undisclosed funding from EDBI Pte Ltd, a Singapore-based investor, in October 2019. The company aims to use this funding round to innovate in the dental industry and strengthen its presence. Likewise, in November 2018, BASF SE, a chemical company based in Germany, invested in Prismlab, a 3DP solution provider headquartered in Shanghai, China. Such business ventures can have a positive impact on the world market.

Use of 3D printing in medical devices to promote the market amid the coronavirus

The market is expected to be unaffected by the coronavirus outbreak. In addition, the increasing use of 3D technology in the manufacture of personal protective equipment (PPE), personal accessories, medical devices and test equipment will improve the prospects of the market in the face of the Covid-19 pandemic. Using 3D printing technology as the main line of defense against the virus will also improve the market scenario. For example, in July 2020, Structo Pte Ltd, a leading supplier, initiated the manufacture of 3D printed pre-sterilized nasopharyngeal (NP) swab test kits for delivery to various hospitals and test laboratories across Singapore.

Regional analysis:

Increasing investments in aerospace and defense to fuel growth in Asia Pacific

The Asia-Pacific market is expected to hold the largest share of the global market due to the rapid adoption of additive manufacturing in the region. The high investments in the aerospace, defense and health industries will fuel the development of the market in the coming years. The booming automotive industry should make a positive contribution to the market growth in the region. The demand for electronics and increasing urbanization. The market in Europe is likely to hold the largest share of the world market in the forecast period due to the cross-industry popularity of 3D printing technology. The high capital investments combined with government initiatives for advanced manufacturing technologies will have a positive impact on the growth of the European market.

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Key development:

November 2020: Fusion3 Design, LLC, a North Carolina-based 3D printer manufacturer, introduces REACTOR 3D printing software for its 3D printer series. REACTOR is powered by Create it REAL’s REALvision slicing engine. The newly introduced software offers a speed configuration with minimal pressure settings.

The report lists the key companies in the industrial 3D printing market:

  • 3D Systems, Inc. (South Carolina, United States)
  • Arcam EBM (GE Additive) (Cincinnati, Ohio)
  • EnvisionTEC Inc. (Gladbeck, Germany)
  • Höganäs AB (Höganäs, Sweden)
  • Materialize NV (Leuven, Belgium)
  • SLM Solutions Group AG (Lübeck, Germany)
  • voxeljet AG (Augsburg, Germany)
  • Made In Space, Inc. (Florida, United States)
  • Canon Inc. (Tokyo, Japan)
  • Ponoko Inc. (Wellington, New Zealand)
  • Renishaw plc (Wotton-under-Edge, United Kingdom)
  • Koninklijke DSM NV (Heerlen, Netherlands)
  • Ultimaker BV (Geldermalsen, Netherlands)

Quick Buy Market for Industrial 3D Printing:

Main table of contents:

  • introduction
    • Definition by segment
    • Research methodology / approach
    • Data sources
  • Summary
  • Market dynamics
    • Macro and microeconomic indicators
    • Drivers, restrictions, opportunities and trends
    • Effects of COVID-19
      • Short term effects
      • Long-term effect
  • Competitive landscape
    • Business strategies adopted by key players
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
    • Global market share analysis and matrix, 2019
  • Key market insights and analysis by segment
  • Global Industrial 3D Printing Market Estimates and Forecasts (Quantitative Data), by Segment, 2016-2027
    • By component (value)
    • By technology (value)
      • FDM
      • SLS
      • DMLS / SLM
      • Polyjet
      • Multi Jet Fusion
      • DLP
      • Binder jetting
      • EBM
      • CLIP / CDLP
      • SDL
      • LOM
    • After application (value)
      • Develop prototype
      • production
      • Conceptual evidence
      • Other
    • By end user (value)
      • automobile
      • Aerospace and defense
      • Healthcare
      • Architecture and construction
      • Consumer products
      • education
      • Other
    • By region (value)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America

Table of contents continued ..

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