DUBLIN, May 27, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Industrial 3D Printing Market (3D Manufacturing) - Global Forecast to 2022" report to their offering.
The industrial 3D printing market is expected to reach USD 4.75 Billion by 2022, at a CAGR of 29.2% between 2016 and 2022. The market is expected to be driven by factors such as emerging applications in the manufacturing industry and potential to enhance the manufacturing and supply chain management.
Laser metal deposition is expected to be the fastest-growing technology for the industrial 3D printing market. Laser metal deposition technology has the ability to both repair and produce parts, which makes it suitable for use in manufacturing industries. The benefits of laser metal deposition technology such as reduction of material waste, low tooling costs, repair of parts costly to replace, reduction in lead time, and customization of parts according to the requirement are the major factors driving this market.
North America held the largest share of the industrial 3D printing market, with the U.S. being the major contributor to the growth of the market in North America. Major industries such as aerospace & defense, automotive, healthcare, electrical & electronics, foundry & forging, and jewelry have started adopting industrial 3D printing for tooling, manufacturing, and repair of machinery parts and for manufacturing parts of robots such as arms and grippers.
The market in Asia-Pacific is expected to grow at the highest rate between 2016 and 2022. Government initiatives, funding in research and development, and extensive industrial base are the major factors that make Asia-Pacific a dynamic market for industrial 3D printing, with Japan and China as the major contributors.
- 3D Systems Corporation
- Arcam Group
- Concept Laser GmbH
- EOS GmbH
- Envisiontec GmbH
- Höganäs Ab
- Koninklijke DSM N.V.
- Materialise Nv
- Oxford Performance Materials Inc.
- Renishaw PLC.
- SLM Solutions Group AG.
- Sciaky Inc
- Stratasys Ltd.
- The Exone Company
- Voxeljet AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Industrial 3D Printing Market, By Process
8 Industrial 3D Printing Market, By Technology
9 Industrial 3D Printing Market, By Software
10 Industrial 3D Printing Market, By Service
11 Industrial 3D Printing Market, By Application
12 Industrial 3D Printing Market, By End-User Industry
13 Geographic Analysis
14 Competitive Landscape
15 Company Profiles
For more information visit http://www.researchandmarkets.com/research/4p938n/industrial_3d
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/industrial-3d-printing-market-3d-manufacturing-worth-usd-475-billion-by-2022---emerging-application-in-manufacturing-industry---research-and-markets-300276320.html
SOURCE Research and Markets