NEW YORK, October 12, 2016 /PRNewswire/ --
Technological advancements and high customization potential coupled with growing adoption across various industries to drive the US 3D printing market through 2021
According to a recently published TechSci Research report, "United States 3D Printing Market By Component Type, By Technology, By Process Competition Forecast and Opportunities, 2011 - 2021", the 3D printing market in the United States is anticipated to grow at a CAGR of over 41% during 2016 - 2021. Growing adoption in various industries such as aerospace & defense, automotive, healthcare, education and consumer electronics, among others, is boosting the demand for 3D printers all across the country. Moreover, the US government is providing funds to promote 3D printer technologies in manufacturing and education industries, which, in turn, is contributing significantly to the growth of the country's 3D printing market.
Browse 28 market data Tables and 34 Figures spread through 142 Pages and an in-depth TOC on "United States 3D Printing Market"
West region accounted for the lion's share in the country's 3D printing market in 2015 due to the presence of the headquarters of defense institutions, law enforcement agencies and military in this region. Laser Sintering is the fastest growing 3D printing technology in the country owing to its various benefits such as high accuracy, tool less production and high heat deflection temperatures. Few of the leading players operating in United States 3D printing market include Stratasys, 3D Systems, EnvisionTEC and ExOne, among others.
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United States Vehicle Sales, 2010-2015 (Million Units)
Vehicle Sales (Million Year Units) 2010 11.77 2011 13.04 2012 14.79 2013 15.88 2014 16.52 2015 17.47
Source: Organisation Internationale des Constructeurs d'Automobiles (OICA)
"Growing demand for customization products and increasing spending on research & development are also driving the market of 3D printing in the country. In addition, increasing market for luxury cars along with growing need for various functionalities, such as gesture control enabled navigational systems, etc., in cars are motivating the companies involved in the business of manufacturing various car parts to use 3D printing for faster production, better durability and innovative design.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"United States 3D Printing Market By Component Type, By Technology, By Process Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of United States 3D printing market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities in United States 3D printing market.
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