3D Printing Market — Recent Technological Advancements to Create Lucrative Growth Opportunities

The demand in the global 3D printing market is projected to expand at a remarkable CAGR of 18.0% during the forecast period of 2017 to 2025, gaining traction from a number of factors such as strikingly higher resolution, reduction in manufacturing cost owing to recent technological advancements, ease in the development of customized products, growing possibilities of using multiple materials for printing, and government investments in 3D printing projects. 

While the lack of proper process control and limitations regarding product size are obstructing the global 3D printing market, the stockholders will continue to gain new opportunities from untapped end-use industries such as printed electronics, automotive, education, and jewelry. The global 3D printing market was valued at US$7.3 bn in 2016, and is estimated to reach a valuation of US$32.3 bn by the end of the forecast period, i.e. 2025.


Presently, consumer product category serves the maximum demand, followed by the automotive sector, wherein 3D printing is used to print a number of parts for automobiles. Some of the examples can be interior parts such as engines, gearbox handle, gears, shafts, brakes and spare parts as well as external parts such as window frames, doors, body parts, steering handle, head and taillights. North America Emerges as Highly Lucrative Region In 2016, North America served the maximum demand among all regions wherein the 3D printing market has potential.
Obtain Brochure For Latest Technology Advancements @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1803  
This was primarily a reflection of the presence of several major 3D printing market players in the country-wide made of the U.S., which is world’s fourth most populous country. In the near future, North America 3D printing market is anticipated to expand further, with increasing awareness among consumers regarding the benefits of using 3D printing in commercial and household applications. 

Comments

Post a Comment

Popular posts from this blog

Floor Grinding Machines Market Projected to Reach $344.6 million by 2027

The global floor grinding machines market size was valued at $271.0 million in 2019, and is projected to reach $344.6 million by 2027, registering a CAGR of 3.1% from 2020 to 2027. Asia-Pacific generated the highest revenue in 2019, and is expected to grow at a highest CAGR during the forecast period, followed by LAMEA and North America. Floor grinding machine products witnessed a higher demand, owing to the durability and availability at low cost. Moreover, advancements in floor grinding machines with GPS and others further strengthen the floor grinding machines market growth.  Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A06328 In addition, surge in residential construction industry in the developing countries such as India, China, India, and Brazil is expected to increase the demand for floor grinding machines. However, high maintenance and repair costs hamper the floor grinding machines market growth. The impact of this factor is anticipated to ...
Read more

Energy-Efficient Windows Market Segmentation and Key Companies by 2027

The global market for energy-efficient windows is poised for substantial growth, projected to reach $29,023.8 million by 2027, up from $15,594.0 million in 2019, with a notable compound annual growth rate (CAGR) of 8.1% from 2020 to 2027. In 2019, North America emerged as the dominant force in the market, capturing 33.6% of the total revenue share. Dont Miss Out Download Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/A06191 Energy-efficient windows play a crucial role in reducing the reliance on artificial heating and cooling systems within buildings by providing effective insulation against heat loss and gain from the external environment. Comprising three key elements—glass or glazing, frames, and associated hardware—these windows undergo certification based on metrics like the solar heat gain coefficient (SHGC) and U-factor, qualifying for Energy Star Ratings issued by the National Fenestration Rating Council (NFRC) in the U.S. The SHGC assesses solar h...
Read more

Press Brakes Market Exploring the Growth at a CAGR of 5.9% By 2032

The press brakes market size was valued at $568.15 million in 2022, and is estimated to reach $995.3 million by 2032, growing at a CAGR of 5.9% from 2023 to 2032. A press brake is a machine utilized in metalworking and fabrication procedures to bend and shape sheet metal. It consists of an effective hydraulic or mechanical press that applies force to a metal workpiece, forcing it into a predetermined form by means of a die. Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A08707 The press brake's adjustable back gauge allows for specific and repeatable bends, making it a versatile tool for the manufacturing of diverse metal components. Commonly found in manufacturing settings, press brakes are crucial for forming metallic parts utilized in industries inclusive of automotive, aerospace, and construction. Growing industrialization is one of the major factor driving the growth of press brakes market. For instance, in August 2022, Accurl displayed the...
Read more