- Global 3D Printer Market to grow at 15.5 percent during the forecast period 2012-2016
TechNavio, an independent London-based research firm identifies US as the leading country in the Global 3D Printer Market
The Global 3D Printers market has been growing tremendously over the past few years. In 2012, the Americas (North America & South America) were dominating this market with a market share of 46 percent. This was mainly because of the presence of numerous automotive manufacturing and consumer products manufacturing companies in the region. In addition, the market in the Americas is also witnessing an increasing demand for 3D printers from the Healthcare segment in North America. Companies are increasingly using 3D printers for tissue engineering applications and for implant surgeries, which is stimulating the growth for 3D Printer Market in this region.
The EMEA region is closely following this with Germany, Italy, France, and the UK being the major revenue contributors in this region. In the APAC region, growth is mainly coming from countries like Japan, China, India, and Singapore. Increasing adoption of additive manufacturing techniques by the automotive industry in the APAC region is one of the major growth drivers for this market in this region.
Speaking on this subject, TechNavio’s senior analyst and co-author of the Global 3D Printer Market report commented, “The Global 3D Printers market was valued at US$1.8 billion in 2012 and will be growing at a CAGR of 15.5 percent during the forecast period 2012-2016. What needs to be seen is how companies can address the technological limitations associated with 3D Printers.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on https://www.technavio.com/report/global-3d-printer-market-2012-2016 please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of the Global 3D Printer Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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