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The worldwide market for 3D printing products and services was valued at around 12.6 billion U.S. dollars in 2020. The industry is expected to grow at a compound annual growth rate of some 17 percent between 2020 and 2023. General Electric has the most 3D printing patents in the United States.
Is 3D printing a good market?
The global 3D printing market size was estimated at USD 13.78 billion in 2020 and is expected to reach USD 16.54 billion in 2021. Report Attribute Details Market size value in 2021 USD 16.54 billion Revenue forecast in 2028 USD 62.79 billion Growth Rate CAGR of 21.0% from 2021 to 2028.
What is the current value of the 3D printing industry?
Market Overview The 3D printing market was valued at USD 13.7 billion in 2020, and it is expected to reach a value of USD 63.46 billion by 2026, at a CAGR of 29.48% over the forecast period (2021 – 2026).
How much is the 3D printing industry worth 2020?
[309 Pages Report] The global 3D printing market is expected to grow from USD 12.6 billion in 2021 to USD 34.8 billion by 2026, at a CAGR of 22.5%.Scope of the Report. Report Metric Details Base year considered 2020 Forecast period 2021-2026 Forecast units Value (USD Million),.
What is the current state of 3D printing?
From 2017 to 2018, the portion of 3D printers that use plastic declined from 88% to 65%, but within the same period, metal use rose 28% to 36%. The systems are also getting more powerful, with new technologies like metal jetting and Binder jetting speeding up production.
Are 3D printers in demand?
3D printing industry – worldwide market size 2020-2026 The worldwide market for 3D printing products and services was valued at around 12.6 billion U.S. dollars in 2020. The industry is expected to grow at a compound annual growth rate of some 17 percent between 2020 and 2023.
Will 3D printing stocks rebound?
Will 3D Printing Stocks Rebound? 3D printing isn’t going anywhere. If anything, it’s going to become more and more used. Supply and demand will always drive a free market.
Is the 3D printing market growing?
The key trends that Deloitte predicts for 3D printing: This area of the industry is poised to grow at approximately 12.5% in each of those years, more than double its growth rate just a few years ago.
Who is the target market for 3D printers?
The target market is hobbyists and home users looking to create spare parts, customized items, toys and decorative objects. The printing process is usually slow; a complex design can take several hours to print and often requires user oversight.
What are the benefits of 3D printing?
What are the Pros of 3D Printing? Flexible Design. 3D printing allows for the design and print of more complex designs than traditional manufacturing processes. Rapid Prototyping. Print on Demand. Strong and Lightweight Parts. Fast Design and Production. Minimising Waste. Cost Effective. Ease of Access.
What is the biggest 3D printing company?
The World’s Largest 3D Printing Companies by Market Cap: Protolabs, 3D Systems on Top 3D Systems (NASDAQ: DDD) Protolabs (NASDAQ: PRLB) Nano Dimension (NASDAQ: NNDM) Materialise NV (NASDAQ: MTLS) Stratasys Ltd. ExOne (NASDAQ: XONE) Voxeljet (NASDAQ: VJET) Organovo (NASDAQ: ONVO).
How popular are 3D printers?
The market continues to experience substantial success among hobbyists and home users, dominating the number of 3D printers delivered in 2016 (233,000 printers versus 63,000 units in industrial/commercial applications), and in the total number of 3D printers installed.
Is 3D printing still relevant?
Most often, 3D printing is used in the production of small-quantity items—components very specific to a particular need that can’t be made in any other way without requiring multiple operations. However, 3D printing is still relatively expensive, which is why it’s used most widely in high-end manufacturing.
What is the current state of 3D printing or additive manufacturing in the world?
The current state of the industry Although 3D printing is still less than 1 per cent of the global manufacturing market, the technology is set to become an invaluable tool for production workflows.
Which industries use 3D printing?
Five Industries Utilizing 3D Printing Automotive. The automotive industry has been charging ahead with additive manufacturing, with high-profile companies such as Audi using 3D printers. Manufacturing. Robotics. Education.
Why is 3D printing an emerging technology?
Along with other emerging technologies such as virtual reality, 3D printing offers the potential to significantly change existing standards of teaching, diagnosis, and treatment of complex medical conditions.
Is 3D printing the future?
While 3D printing may not be taking over the entire manufacturing industry just yet, analysts predict there will be a great deal of growth and the market will be worth 32.78 billion USD by 2023. Analysts have predicted the 3D printing industry will be worth 32.7 billion USD by 2023.
Why is 3D printing down?
The catalyst for the decline was the Belgium-based company’s announcement that it was issuing additional American depositary shares (ADS) to raise cash. For context, the S&P 500 index returned 2.3% last month, while shares of fellow 3D printing companies 3D Systems and Stratasys rose 35.9% and 12%, respectively.
Is prnt a good investment?
Overview. 3D Printing ETF (PRNT) offers an attractive investment opportunity to capitalize on the massive growth of 3D printing in the future. The technology, which has been characterized as a ‘hobby’ for long, is used increasingly for commercial use and is underestimated in terms of applications.
How is 3D printing used in the automotive industry?
3D printing can be used to make molds and thermoforming tools, rapid manufacturing of grips, jigs, and fixtures. This allows automakers to produce samples and tools at low costs and to eliminate future losses in production when investing in high-cost tooling.
How does 3D printing help with construction?
The main advantage of using 3D printing in the construction industry is saving a lot of production costs on material waste. That’s because a 3D printer, such as robotic arms, uses exactly the amount of material they need.
