TechNavio recognizes the following companies as the key players in the Global 3D Printer Market: 3D Systems, EnvisionTEC, ExOne Co., and Stratasys Inc.
Commenting on the report, an analyst from TechNavio’s team said: “With the reduction in the cost of 3D printers, they have become more accessible to small entrepreneurs and consumers who were unable to afford the very expensive technology in the past. This has sparked innovation and creativity, enabling them to create custom objects and spare parts for everything from toys to artificial limbs. This new technology has enabled entrepreneurs to bypass other expensive manufacturing processes and take a product idea directly to market. Thus, the rapid growth of 3D printing among entrepreneurs and consumers will continue to drive the Global 3D Printers market during the forecast period.”
According to the report, the increased need to reduce the time-to-market of products is one of the major drivers in the market. 3D printers facilitate the production of reliable and cost-effective products and reduce the need for multiple prototypes and analysis time, thereby reducing the product development cycle time.
Further, the report states that the main challenges faced by the market are the intellectual property rights issues and the copyright issues. With the increase in the trend of using 3D printing technology, the cases relating to patent infringement and intellectual property rights will increase considerably, which might hamper the growth of the Global 3D Printers market.
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. For further information on this report, please visit https://www.technavio.com/report/global-3d-printer-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global 3D Printer Market 2012-2016
