Global 3D Printing Market Assessment Covering Growth Factors and Upcoming Trends (2019-2025)

TEXAS CITY, Texas - Oct. 31, 2019 - PRLog -- 3D printing, also referred to as additive manufacturing, is a combination of processes used to produce three-dimensional objects from 3D models or other electronic data sources. In the case of 3D printing, numerous layers of different kinds of printing materials are formed under machine control to create a 3-dimensional object. The 3-dimensional images can be of varied shapes or geometries and can be created with computer-aided design packages or 3D scanners. 3D printing as an end-use manufacturing technology is still at an infancy stage but in the years to come, with the combination of various innovative technologies, it is expected to display a tremendous potential to transform many designs, production, and logistics processes. Although 3D printing showcases an upward trend and is beyond expectations, it will require much more time to reach mass adoption level, hence signaling that mainstream adoption is expected to take off. As per the report published by UnivDatos Market Insights (UMI), the Global 3D Printing Market is anticipated to reach the market valuation of US$ 34,800.0 Million by 2025 expanding at a consistent CAGR of 12% during the forecasted period (2019-2025).

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Products, materials, services paired with 3D printing technologies and applications are the major 3D printing technology segments analyzed during the forecast period. The benefits of 3D printing technology can be witnessed among various industrial verticals wherein the adoption of additive technology has been the game-changer for end-user industries ranging from manufacturing, healthcare, consumer, automotive to education. In 2018, the product segment dominated the global 3D printing market and is estimated to derive the revenue sales of US$ 6,336.0 million by 2019. Under the technology segment, fused deposition modeling is projected to witness the rapid expansion throughout the forecast period, credited to its user-friendly characteristics and growing awareness among the consumers. Moreover, 3D printing applications as direct manufacturing technologies have further brought wider disruption. Among applications, functional parts production is gaining prominence in the global 3D printing technology landscape.

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