3D Printer Market Growth to be Fuelled by 2018-2022

MRC has published a new research-based report on 3D Printer market. This comprehensive report talks about the 3D Printer market in terms of definition, classification, application, forecasts, estimations regarding volume and value. It also features the present scenario and prospects with financial and industrial outlook. Moreover, it includes latest trends, current events, and strategies of leading global companies including key developments, partnerships and agreements, mergers & acquisitions, investments and expansions, etc. in addition to this; it discusses the crucial aspects like drivers, restraints, opportunities and challenges that impact the market growth.

MRC recognizes the following companies as the key players in the global 3D printer market: Stratasys, 3D Systems, SLM Solutions, EOS, XYZprinting, Ultimaker, and Formlabs

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Commenting on the report, an analyst from MRC team said: The latest trend gaining momentum in the market is growing demand for new materials. The declining prices of 3D printers are leading to the wider adoption of 3D printers. This is fueling the demand for 3D materials. Materials such as plastics, metals, and ceramics are the key products used in the 3D printing technology. Plastics are the most commonly used printing materials as they are cheaper compared with other materials such as metals. However, the demand for new materials has been increased as larger companies are rapidly investing in innovating materials.

According to the report, one of the major drivers for this market is Increase in the consumer interest for 3D customized products. Customization is a process of creating or altering the product according to the needs and requirements of the customer. Consumers have shown a great deal of interest in customized 3D products either by ordering the product from the companies that provide customized products or by purchasing a desktop 3D printer, which will help them in designing and developing the 3D printed products in-house.

Further, the report states that one of the major factors hindering the growth of this market isHigh cost of training the workforce. A workforce is a group of people who are engaged in work to perform a certain task given by the company. The training for additive manufacturing is necessary at various levels such as designers, manufacturers, and consumers. Firstly, the basic training on 3D printers and the types of technologies. Then, providing the technical training, which helps the workforce understand the depth of technologies and help decision makers to understand the ways of utilizing additive manufacturing. One of the main advantages of using additive manufacturing is the enhancement of the supply chain.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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About 3D Printer
A 3D printer is a device used for making a three-dimensional digital model (CAD representation) into a physical object, which is typically done by laying down many successive thin layers of a material.

MRC’s analysts forecast the global 3D printer market to grow at a CAGR of 36.54% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global 3D printer market for 2018-2022. To calculate the market size, the report considers the revenue generated from the 3D printers that are used for 3D printing.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

MRC's report, Global 3D Printer Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Boston Scientific
Medtronic
Sorin
St. Jude Medical
Terumo

Market driver
Increase in the consumer interest for 3D customized products
For a full, detailed list, view our report

Market challenge
High cost of training the workforce
For a full, detailed list, view our report

Market trend
Growing demand for new materials
For a full, detailed list, view our report

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