LONDON — (BUSINESS WIRE) — March 11, 2015 — TechNavio has announced the publication of its market research report on the Global 3D Printer Market, which is expected to grow at a CAGR of 42.44 percent from 2014-2019.
About the Report
The Global 3D Printer Market is being stimulated by an increase in 3D printing among entrepreneurs and regular consumers. Reduction to the cost of 3D printers has made this solution more accessible for small businesses and consumers, who were previously unable to afford this expensive technology.
“3D printing has sparked innovation and creativity in different fields, which has enabled the creation of customized items ranging from toys to artificial limbs and organs,” says Faisal Ghaus, Vice President of TechNavio.
“The new technology has facilitated entrepreneurs to bypass other expensive manufacturing processes and take a product idea directly to the market, which is expected to drive the overall market growth during the forecast period.”
Furthermore, the automotive sector is opening huge growth opportunities for the 3D printer market. Many manufacturers are shifting from traditional production techniques to highly customizable 3D printing manufacturing, so as to easily build functional parts and prototypes, which ultimately contributes to a better brand image.
Key Information Covered in the Report:
- Market segmentation, size and forecast through 2019
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Market Growth Drivers:
- Need for Quick Turnaround Time
- For a full detailed list, view our report.
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Market Challenges:
- Intellectual Property Rights and Copyright Issues
- For a full detailed list, view our report.
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Market Trends:
- Increased Use of 3D Printing among Entrepreneurs and Consumers
- For a full detailed list, view our report.
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Key Vendors:
- 3D Systems Corp.
- EnvisionTEC
- ExOne Co.
- Stratasys Ltd.
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Other Prominent Vendors:
- Beijing TierTime Technology
- EOS
- Matsuura Machinery
- Mitsubishi
TechNavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the 3D printer market:
If you are interested in more information, please contact our media team at media@technavio.com.
Contact:
TechNavio Research
Jes Ellacott
US: +1-630-333-9501
UK:
+44-208-123-1770
Media & Marketing Executive
www.technavio.com
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