Technavio, a tech-focused market research firm, has published a new report on the global 3D printers market, which is expected to grow at a CAGR of around 35% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global 3D printers market into the following key regions: the Americas, APAC, and EMEA.
Top three contributors for the global 3D printers market are elaborated below
3D printers market in the Americas: The high growth of the 3D printers market in the Americas is attributable to the increased number of companies making use 3D printers in the region. A majority of the demand for 3D printers in the Americas is accounted for by the healthcare and military sectors. Online services such as Voodoo Manufacturing, which mass produces the customer’s desired design by just uploading the file on its website, are booming in the Americas and is expected to fuel further growth of the market.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on computing devices, “In the healthcare sector, companies are increasingly using 3D printers for tissue engineering applications and implant surgeries. In addition, 3D printers are being used by the US military to produce parts and prototypes.”
3D printers market in the EMEA: The market for 3D printers in EMEA is fueled by the significant concentration of the automotive industry in Europe. During the forecast period, growing investments in innovative R&D projects that make use of 3D printing technology in Europe is expected to propel the growth of the 3D printer market in EMEA.
3D printers market in APAC: The market for 3D printers in APAC is still at a nascent stage and has immense potential for growth. 3D printing is increasing in India, particularly in the manufacturing industry, where manufacturing or product design companies are using 3D printers to make prototypes of their designs. APAC countries such as China and Japan are also likely to experience a surge in the adoption of 3D printers during the forecast period.
The leading vendors operating in the global 3D printers market are:
- 3D Systems
- Envision TEC
Other prominent vendors in the market include EOS, Matsuura Machinery, Shaanxi Hengtong Intelligent Machine, Ultimaker, voxeljet, and Wuhan Binhu Mechanical & Electrical.
A more detailed analysis is available in the Technavio report titled, ‘Global 3D Printers Market 2017-2021’.
Other related reports:
- Global Smartphone Market 2017-2021
- Global Enterprise Tablet Market 2017-2021
- Global Multi-Functional Printers Market 2017-2021
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