3D Systems Corporation Emerged As The Largest Company In The 3D Printing MarketPosted by sainath on October 10th, 2018 The first commercial 3D printers were launched in the early 1990s, and since the early 2000s, 3D printing technology has evolved significantly in terms of price, variety and quality of materials, accuracy, ability to create complex objects, ease of use and suitability for office environments. 3D printing is already replacing traditional prototype development methodologies across various industries such as architecture, automotive, aerospace and defense, electronics, medical, footwear, toys, educational institutions, government and entertainment, underscoring its potential suitability for an even broader range of industries. TBRC’s report also covers 3D printing trends, and 3D printer market growth. Order the report at 3D Printing Market Potential The global 3D printing market and printing devices, services and supplies market is expected to grow at a CAGR of about 25% during the forecast period 2016 to 2021. This growth is attributed to market factors which include favorable government policies for 3D printing innovations, increasing public and private funding for 3D printing technologies, growing application areas for 3D printing technologies, companies achieving operational efficiencies by using 3D printing technologies, and other factors which are mentioned in the report, along with future trends. The Americas region accounted for a market share of 60% of the global 3D printing sector in 2015 and is expected to continue its leading position during the entire forecast period. The contributing factors behind such dominance of this region includes presence of many innovative manufacturing companies using 3D printing services, highly developed infrastructure, and strong government support for the innovation of 3D printing technologies. In this region, 3D printing technology is increasingly being adopted by various industries such as healthcare, aerospace, automotive, etc. with an intention to achieve operational efficiency. Download sample report at https://www.thebusinessresearchcompany.com/sample.aspx?id=33&type=smp 3D Printer Sales Figures 3D Systems Corporation emerged as the largest company in 3D printing, and its total revenue for the year ended December 31, 2015 were up by almost 2%, to about USD 670 million, compared to USD 500 million for the year ended December 31, 2013. These results primarily reflect an increase in services revenue, partially offset by lower sales of 3D printers and materials and an unfavourable impact of foreign currency translation. Business strategies adopted by 3D Systems Corporation include investing in advanced developments to enhance and accelerate manufacturing applications, offering a comprehensive range of healthcare products and services that provide solutions from the training room to the operating room, expanding its healthcare focused operations in the U.S. and Europe in support of growth in precision healthcare applications, supporting growth by prioritizing resources to focus on professional and industrial opportunities, and leveraging technology, domain expertise and strong customer relationships. About The Business Research Company. The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally. Contact Information The Business Research Company Europe: +44 207 1930 708 Asia: +91 8897263534 Americas: +1 315 623 0293 Like it? Share it! More by this author |