3D Printing Market Is Likely To Reach USD 8,675.7 Million By 2020Posted by Vipin Mishra on September 18th, 2017 Global 3D Printing Market was estimated to be USD 2,183 million in 2012, and is expected to reach USD 8,675.7 million by 2020, as per a new study by Grand View Research, Inc. The ability to facilitate low-volume manufacturing in a cost-effective manner is expected to fuel the market over the next few years. Further, the report analyses that the growing need for flexible and customized products is expected to positively impact demand for 3D printing. Automotive and healthcare industries in particular, are estimated to be key growth areas for revenue generation. Automotive is expected to be the largest and fastest growing application, with an estimated CAGR of 19.6% from 2013 to 2020. The market for medical applications was valued at USD 397.2 million in 2012, with dental applications expected to contribute largely to this segment. Concerns over protection of intellectual property from products manufactured using 3D printing are expected to restrain the industry from reaching its target potential. Backward integration in the value chain in terms of acquisitions of software 3D designing participants has been analyzed to be an opportunity for gaining competitive advantage. Full Research Report On Global 3D Printing (3DP) Market Analysis: Further Key findings from the study suggest:
View more reports of this category by Grand View Research at: Grand View Research’s report estimates the market in terms of revenue (USD Million) and segments it as follows: 3D Printing Application Outlook:
3D Printing Raw Material Outlook:
3D Printing Regional Outlook:
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