According to a recent report published by Allied Market Research, titled, 3D Printing Market by Technology, Component and End-User: Global Opportunity Analysis and Industry Forecast, 2019 - 2025, the global 3D printing market was valued at $4,164.2 million in 2014, and is projected to reach $44,393.1 million by 2025, growing at a CAGR of 21.8% from 2019 to 2025.
At present, North America dominates the market, followed by Europe. In 2017, the U.S. dominated the North America market and Germany led the overall market in Europe. While, in Asia-Pacific, Japan dominates the current market.
Growth in use of 3D printing in the automotive industry, ability to provide customized products, and efficient logistics management drive the market. However, high cost of 3D printing and lack of skilled labor impede its growth. In future, rise in 3D printing applications in healthcare and other industries is expected to create lucrative opportunities for the key players operating in the market.
Key Findings for the 3D Printing Market :
Based on technology, the FDM segment led the global 3D printing market in 2017. However, the EBM segment is anticipated to grow at the highest CAGR during the forecast period (2019-2025).
North America held a major market share in 2017.
By end user, the aerospace & defense segment dominated the global 3D printing market in 2017.
LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
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