London, 01 December 2014 – TechNavio, a tech-focused research firm, has published a new report on the Global 3D Printing Market, which is expected to post a CAGR of 44.99 percent from 2015-2019.
Many vendors are relying on mergers and acquisitions in order to expand product offerings and gain a stronger foothold in the market. This kind of growth strategy has shaped the current market, and will continue to be a significant trend over the projected period, according to TechNavio analysis.
“Prominent enterprises like 3D Systems have been pursuing an aggressive inorganic growth strategy through acquisitions. The company acquired Village Plastics and Figulo in 2013 and Belgian Metal 3D Printing Service Company in 2014,” says Faisal Ghaus, Vice President of TechNavio.
The key vendors in the 3D Printing Market are also investing progressively in R&D so as to provide better functionality and more innovative products. These investments have helped them capture a significant market share and gain a competitive edge over competitors.
“Key vendors in the market like Stratasys, 3D Systems and Arcam have invested huge amounts in R&D for the expansion of their product portfolio. “Burgeoning alliances, consolidations and such a strong emphasis on R&D will help the market thrive during the forecast period,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
Global 3D Printing Materials Market 2015-2109
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
