Personal 3D Printers accounted almost 96% of the global market in terms of volume. Industrial 3D printers dominate the market in terms of revenue .
Arizton has added an exclusive report on the 3D printing market titled 3D Printing Market – Global Outlook and Forecast 2017–2022. The 140-pager report provides a detailed analysis of the global 3D printers market and outlines some interesting fact that are crucial for the industry.
Analysts at Arizton say that in 2016 the desktop/personal 3D printers segment accounted for a market share of 96% in terms of volume. However, in terms of revenue, the industrial 3D printers segment dominated the market with its 78% market share in 2016.
Desktop 3D Printers Market
The demand for desktop/personal 3D printers is increasing worldwide. The major growth factors in this demand are declining per unit cost and growing demand for these printing macines by home businesses. Many manufacturers have developed low-cost desktop/personal printers and are offering them in the market at economical prices. This has resulted in the proliferation of these machines among end-users. Further, mass production is bringing down their ASPs, thereby increasing their penetration among end-users.
XYZprinting, Ultimaker, Monoprice, Wanhao, Formlabs, Flashforge, MakerBot (Stratasys), and M3D are some of the largest vendors of desktop/personal 3D printers in the market.
Industrial 3D Printers Market
The industrial 3D printers market is growing at a significant rate across the globe, especially in developed economies. The demand for these printers is increasing as large manufacturers are looking forward to using 3D printing technology to reduce their manufacturing expenses. Further, the deployment of these printers is aimed to smoothen the production process. Large organizations such as Boing, General Electric, Ford Motor, and Lockheed Martin are deploying these printers in their factories to produce thousands of parts and components.
Industries such as electrics and electronics, food and beverage, aerospace, automotive, and healthcare are the largest end-users of industrial 3D printers in the market. The market for industrial 3D printers is also being fuelled by the requirement for various tooling applications as tooling in these industries has complex shapes.
Stratasys, EOS, 3D Systems, SLM Solutions, and Concept Laser (acquired by GE) are some of the largest market players in the global industrial 3D printer market.
The report provides a holistic view of the global market, the companies involved in the market, and the factors driving its growth. The report also provides information on some of the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.
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