Consumer 3D Printing Market is Expected to Generate Revenue of USD 3870.65 Million by 2021

November 03 16:25 2017
Following the growth in consumer demands in jewelry where in consumer 3D printing can offer numerous designs; the market is estimated to be highly substantial with a revenue generation of $3870.65 million in 2021.

According to the latest research report “Consumer 3D Printing Market: By Material (Plastics, Metals, Ceramics, Composites and Others); By Technology (Fuse Deposition Modeling, Selective Laser Sintering, Stereo Lithography and Others); By Form (Filament, Powder and Liquid); By Application (Jewelry, Art, Home Decor, Remote Control Cars and Others) & Geography -Forecast (2017-2021)published by IndustryARC, estimates the market to reach $3870.65 million by 2021.

Browse 31 Market Tables, 14 Figures spread through 185 slides and an in-depth TOC on “Global Consumer 3D Printing Market (2017 – 2021)” – http://industryarc.com/Report/79/global-consumer-3d-printing-market-analysis.html

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3D printing also known as additive manufacturing is foreseen to be larger than internet due to its exciting technology and extraordinary designs offered by it. The term consumer 3D printing covers a host of processes and technologies that offer a full spectrum of capabilities for the production of parts and products in different materials. 3D printing is radically different manufacturing methods based on advanced technology that builds up parts, additively in layers at the sub mm scale which is fundamentally different from any other existing traditional manufacturing techniques. For many applications traditional design and production process impose a number of unacceptable constraints including expensive tooling needed for assembly of complex parts which can result up to 90% of the original block of material to be wasted. 3D printing on the other hand has opened up the technology to a wider extent and moreover its exponential adoption rate has boosted the market.

Based on the materials that are being used the market of consumer 3D printing is classified based upon plastics, metals, ceramics and composites. Apart from classification based on materials, the report is also scrutinized based on various other parameters such as technology, form and applications. The segment of by form is further classified based upon filament, powder and liquid and the segment of technology is segmented based on the various recent innovations in technology such as Fuse Deposition Modeling (FDM), Selective laser sintering (SLS), Stereo Lithography (SLA), Digital Light Processing (DLP) and others.

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Growing demand of artificial jewelry that can provide various range of diversified designs is propelling the market of consumer 3D printing

The global consumer 3D printing market is anticipated to generate revenue of $3870.65 million in 2021with a CAGR of as high as 22.05%. The market of consumer 3D Printing has been segmented into Americas, Asia-Pacific, Europe and Rest of the World (RoW) on basis of regions. In 2016, Americas have generated the highest revenue across the globe and growing with a CAGR of 19.90%. APAC proves to be the fastest growing regions for consumer 3D printing with a maximum CAGR of 25.72%. The market is flooded with new ideas and innovations being emerged daily which is in turn propelling the market of consumer 3D printing.

The Prominent Players in this Market Include

  • Stratasys

  • Sulpteo

  • Materialize NV

  • Makexyz

  • 3D Hubs

The market remains highly fragmented with many small players having a major share in the market which gives the smaller companies an upper hand for having a good grip in the market. With a variety of options available in the market, the customers need not stick to any particular manufacturer giving more bargaining power to the buyers. Innovations and R&D are the major segment which are been focused upon by companies to survive in the market. The market is growing substantially in every region across the globe owing to numerous small players with variety of innovations which are propelling the market of consumer 3D printing.

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