Global U.S. 3D printing market is expected to register a robust CAGR over the forecast period. Moreover, the global U.S. 3D printing market is expected to reach at notable revenue of USD 17.2 Billion by the end of 2020. The growth of U.S. 3D printing market can be attributed to high demand for 3D printers from aerospace & defense, healthcare, education and consumer product industries.
Further, printer sector is anticipated to showcase maximum CAGR of 29% during the forecast period. Additionally, this segment is anticipated to reach at notable revenue of USD 6.48 Billion by the end of 2020. Further, rise in R&D focus on print materials and growing revolutionary transformations in 3D printing processes are envisioned to foster the growth of U.S. 3D printing market.
Growing adoption of 3D printing technologies in manufacturing industries
3D printing technologies are being used at broad level in a number of industries including automotive, aerospace, dental, discrete, high tech and medical devices. Further, increasing use of 3D printing technologies in various manufacturing industries for prototyping processes are estimated to drive the growth of 3D printing market in U.S. country.
Abilities of 3D printing
U.S. 3D printing market is anticipated to flourish in near future. This growth of U.S. 3D printing market is augmented by abilities of 3D printers which include reduction of errors, high degree of accuracy, efficient use of raw materials, ability to build customized products and competency over other printing techniques. Moreover, continuous introduction of new applications of 3D printing technologies such as use of 3D printing technologies in making drugs are projected to foster the growth of U.S. 3D printing market during the forecast period.
Although, high cost of 3D printers and unavailability of skilled labors and lack of expertise and knowledge are some of the factors that are likely to inhibit the growth of the U.S. 3D printing market in the near future.
The report titled “U.S. 3D Printing Market Analysis & Opportunity Outlook 2020” delivers detailed overview of the global U.S. 3D printing market in terms of market segmentation by product type, by end-user type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global U.S. 3D printing market which includes company profiling of MakerBot Industries LLC, Hewlett-Packard Development Company, L.P., Proto Labs, Inc., Formlabs Company, Stratasys Ltd., Organovo Holdings, Inc., The Ex One Company, 3D Systems Inc. and Optomec Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global U.S. 3D printing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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