The industry research report segments the global 3D printing in education by components such as 3D printers, and materials and services. The report includes a year-on-year growth forecast for the market until 2019. Geographical segmentation of the leading regions of this market includes market shares of North America, Europe, APAC, and ROW. The report also presents an in-depth analysis of the trends impacting the leading vendors for 3D printing, including 3D Systems, Envision, ExOne, and Stratasys.
Technavio’s market research analysts estimate the global 3D printing market in education to generate revenues worth US $2,322 million by 2019. Growing adoption of 3D printing, aka addictive manufacturing (AM), in the education market is primarily due to its ability to simplify complex topics via visual representations. 3D printing technology helps teachers to make classroom sessions more engaging and interactive while providing hands-on experiences to students.
North America is the largest consumer of 3D printing services and occupies around 40% market share. Much of this region’s growth can be attributed to pioneering initiatives taken by the US government and educational institutions, which aims at improving the quality of education.
The new market research report from Technavio provides a breakdown and analysis of the 3D printing market in education by components.
The adoption of 3D printers in the education sector is slated to grow exponentially over the next four years, posting a CAGR of around 47%. Even though there are multiple printers available in the market that encompass individual processing techniques, the FDM and SLA printers are the most popular ones among users. Since 3D printers have long replacement cycles, the sales of printers is observed to be driven by the first-time buyers. This trend is prompting manufacturers to expand geographically exploring opportunities in the emerging nations.
Global 3D printing market in education by printers 2014-2019 ($ millions)
Source: Technavio Research
“The need for experiential learning in the technical education segment has boosted the demand for 3D printing. Due to schools’ stringent budgets, 3D printing vendors have entered the market by developing customized packages according to the funds of institutions. Vendors are holding free tutorials for faculty and students, besides releasing online learning modules and educational software,” says Navin Rajendra, Lead Analyst, Education, Technavio Research.
Top vendors in the 3D printing market in education include 3D Systems, Envision, ExOne, and Stratasys. These vendors provide a complete guide to universities in developing 3D models through the correct usage of materials and technology. Market vendors are also offering software and mobile applications for 3D printing, thereby increasing the possibility of accessing and printing 3D models using technologies such as Autodesk.
A more detailed analysis is available in the Technavio report, Global 3D Printing Market in Education: Research Report 2015-2019.
https://www.technavio.com/%3Cp%3E%3Cstrong%3EWe%20can%20customize%20repor…
