3D Printer Manufacturing Market Research Report | Technology | Computer & Semiconductors Systems | June 2016
New facet: Income will upsurge as demand from aerospace and therapeutic fields takes off
Wizards Island’s 3D Printer Manufacturing market research report is a complete guide to marketplace size and growing projections. Our industry reports offer tactical industry examination of the aspects manipulating corporations, with novel product progresses, economic, lifestyle and demographic impacts, delivery and supply chain issues and valuing issues. Complete analysis escorts our statistics estimates to exemplify how the marketplace replies to developing industry tendencies.
Industry Study & Industry Drifts
The 3D Printer Manufacturing industry has gushed onward over the past five years, driven by quick technological progresses, dwindling costs and fresh applications for 3D printing technology. 3D printers are gradually being used in medicinal device and aircraft engineering. Over the next five years, industry demand and income are estimated to remain their skyward course as 3D printers explode in approval and more clienteles, including an increasing at-home hobbyist market, join the 3D printing revolution.
Industry Report - Industry Investment Section
The 3D Printer Manufacturing industry needs reasonable wealth investment in plants and equipment. In 2016, Wizards Island estimates that earnings will account for 19.4% of industry revenue, while depreciation will signify 5.4% of revenue. For each dollar expended on wages, Wizards Island estimates that industry operators will invest $0.28 on capital. In spite of the use of high-tech equipment to manufacture 3D printers, industry hands must trust on handcrafting for shares of manufacture, causing comparatively low production numbers. Additionally, the industry's labor intensity is mainly the consequence of the high wages salaried to highly-skilled staff that is a prerequisite for research and development of new technologies, including additive manufacturing technologies and print build materials development.. See Live
Wizards Island’s 3D Printing & Rapid Prototyping Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Analysis & Industry Trends
The 3D Printing and Rapid Prototyping Services industry has grown quickly in recent years, driven by rapid technological developments, falling costs and new applications for 3D printing technology. In the coming years, industry demand and revenue are forecast to surge forward as 3D printing and rapid prototyping explodes in popularity and accessibility, especially in consumer markets.
Industry Report - Industry Products Chapter
The 3D Print and Rapid Prototyping Services industry provides a wide variety of additive manufacturing technology services to cater to their broad range of consumer markets.
Selective laser sintering
Selective laser sintering (SLS) techniques use high power lasers to combine small particles of plastic, metal, ceramic or glass and form them into a three-dimensional shape. Before the lasers begin forming the desired product, a computer-aided design (CAD) file or scan data displays a three-dimensional digital portrayal of the part. The laser device scans the cross-section of the CAD file on the surface of a power bed, where material is heated below its melting point, and then begins layering material
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Additive Manufacturing refers to a process by which digital 3D design data is used to build up a component in layers by depositing material. The term "3D printing" is increasingly used as a synonym for Additive Manufacturing. However, the latter is more accurate in that it describes a professional production technique which is clearly distinguished from conventional methods of material removal. Instead of milling a workpiece from solid block, for example, Additive Manufacturing builds up components layer by layer using materials which are available in fine powder form. A range of different metals, plastics and composite materials may be used.
The technology has especially been applied in conjunction with Rapid Prototyping - the construction of illustrative and functional prototypes
3D Printing and Additive Manufacturing coverage includes:
- Novel additive manufacturing processes and techniques
- Improvements of established methods and materials
- Modeling and simulation of additive manufacturing processes
- New materials, meta-materials, digital materials, lattices, and multi-material printing
- Active and electronic materials fabrication
- Hybrid additive and conventional manufacturing
- Medical applications of 3D printing and bio-printing
- Application of 3D printing in education
- Advanced methods in product lifecycle design, testing and adaptation
- Material mechanical properties, solidification processes for powders, liquids, and solids
- Rapid tooling, remote manufacturing
- Economic and social, and humanitarian considerations of democratizing manufacturing
- Advances in personal 3D Printers and consumer adoption
- Mass customization, new business models
- Material performance standards and data exchange formats
Key questions answered in this report:
What will the market size be in 2020 and what will be the growth rate?
What are key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key players in this market space?
What are the market opportunities and threats faced by key vendors?
What are the strengths and weaknesses of each of these key vendors?
Marketplace development and tendencies cutting across diverse application verticals such as aerospace & security, building & production, self-propelled vehicles, shopper routine goods and microchip technology, teaching & investigation, healthcare manufacturing and other application marketplace. Customer life goods and microchip technology held maximum marketplace income making above $384.80 million in 2013. This segment is further likely to rise at a CAGR of XX% (2016-2022) to a market value of over $XX billion. Automotive segment accounted for second biggest share ($365.74 million) in 2013. Healthcare sector accounted for the third major revenue ($319.04 million) which was followed by aerospace & security ($300.57 million).
The growing drift in these application verticals has been premeditated cutting across diverse terrestrial areas segmented into NA, EMEA, APAC, and others.
North America accounted for the utmost market share ($ 778.72 million) in 2013. It is projected to develop at a CAGR of XX% (2016-2022) to grasp the market revenue of $XX billion by 2022.
It is anticipated that APAC region will show top CAGR of XX% (2016-2022). This development can be credited mainly to China and Japan with the Chinese market expected to propagate at a CAGR of XX% from 2016 to 2022.. See Live
3D printing, also recognized as additive manufacturing, is the course of creating three dimensional substances from a ordinal file by a printing apparatus. This procedure includes placing down consecutive coatings of solid material till the whole thing is manufactured. 3D printing is being accepted cutting across productions such as automotive, protection, and aerospace. The swelling implementation of 3D printing is accredited to its numerous returns, which contain groundbreaking designing, great flexibility levels, a reduced amount of time to market, and the capacity to manufacture parts without luxurious tooling.
Features that drive the 3D printing in automotive marketplace are invention in different printing ingredients for 3D printing, the progress of new machineries, little cost of improvement, and end of main copyrights. Though, supervisory hurdles in different republics, absence of obtainability and calibration of resources, procedure regulator standards, and incomplete cognizance about the technology could hinder market development.
The infiltration of 3D printing is maximum in North America as related to other areas. Europe and Asia-pacific are in the initial phases of accepting 3D printing technology. Though, Europe is likely to top the market, in standings of value, in the future, trailed by Asia-Pacific, North America, and the rest of the world. The termination of important patents has encouraged manufacturers to come in the 3D printer marketplace. The drop in the prices of 3D printers could also clue to a unexpected spike in demand from the customer fragment.
The 3D printing automotive market was USD 482.27 Million in 2015, and is likely to reach USD 1.56 Billion by 2020, rising at a CAGR of 26.58%. The chief application of 3D printers in automotive is for prototyping and tooling. Using 3D printing for prototyping decrease the dispatch time for creation of a prototype. Before, producers would subcontract the prototyping process, which resulted in extra costs and amplified their turnaround time. OEMs can now pattern a prototype rapidly and at one fourth of the rate using 3D printing. Polymers are the maximum favored 3D print materials because of their elasticity and power. Metals are likely to be accepted as 3D print material in the coming, as constituents that need to endure extraordinary temperature and pressure can be factory-made using 3D printers with metals as print material. However, 3D printers cannot be used for mass manufacturing, due to the size restraint, and a 3D printer will not be able to print more than one article at a time.
In this report, the 3D printing automotive market is segmented on the foundation of technology, material, application, and area. The technology part encompasses stereolithography (SLA), laser sintering, electron beam melting (EBM), laminated object manufacturing (LOM), three dimensional inkjet printing (3IDP), fused disposition modeling (FDM), and other technologies. The material segment encompasses polymers, metals/alloys, and others (glass, ceramics, wood, and composites). The application segment includes prototyping and tooling, R&D and revolution, engineering composite modules, and others (customization, personalization, and aftermarket).
This report categorizes and describes the 3D printing locomotive market in footings of capacity and worth. It delivers a inclusive examination and understandings (both, qualitative and quantitative) into the 3D printing market for automotive. It highlights probable development prospects in imminent years and analyses the marketplace drivers, checks, evolution pointers, tests, marketplace subtleties, competitive landscape, and other crucial facets with respect to the 3D printing automotive market.
The competitive landscape section of the report studies the significant progress plans implemented by numerous main companies as well as start-ups in the global 3D printing market. These companies include Optomec (U.S.), 3D Systems (U.S.), Stratasys (U.S.), ExOne (U.S.), and Arcam (Sweden).. See Live
The 3D printing marketplace is expected to reach USD 30.19 Billion by 2022, at a CAGR of 28.5% between 2016 and 2022. The marketplace has been segmented on the basis of printer, material type, physical form, process, technology, software, service, application, vertical, and geography. Manufacturing 3D printers are expected to account for the largest share of the 3D printing market during the estimate period due to the upsurge in accuracy per inch of part dimension, faster printing speed, and introduction of new materials. These factors have led to the acceptance of the industrial 3D printers in various industries such as aerospace & defense, automotive, energy, engineering, and healthcare among others.
In addition, 3D printing is now used to manufacture complex components, prototypes (rapid prototyping), and small-series machineries. Reorganization of production workflow through automated production tools, powder treatment and recycling functions, and mobile manufacture controls is powering the request for engineering copiers. The base year measured for this report is 2015 and the forecast period is from 2016 to 2022.
Industrial progress is being driven by a mounting craving for customized products, the benefits of using 3D printing for business uses and prototyping, and government funds and donations for 3D printing applications and agendas. The aerospace & defense, healthcare, business, and customer product manufacturers are the main industries that accounted for the main share of the 3D printing market in 2015. While they are likely to continue to control the marketplace for the predictable future, educational uses, 3D printed microchip technology, energy, and the jewelry market are likely to show marks of noteworthy growth during the report’s 2016-2022 projection period.
The break-up of outline of chief members is given below:
- By Corporation Type: Tier 1 – 20%, Tier 2 – 55% and Tier 3 – 25%
- By Title: C-Level – 30%, Director Level – 45%, Others – 25%
- By Area: North America – 40%, Europe – 25%, APAC – 25%, row – 10%
The key companies in the 3D printing marketplace include 3D Systems Corporation (U.S.A.), Stratasys Ltd. (U.S.A. & Israel), the exone Company(U.S.A.), Materialise NV (Belgium), Sciaky Inc. (U.S.A.), Concept Laser gmbh (Germany), Voxeljet AG (Germany), Arcam Group (Sweden), SLM Solutions Group AG (Germany), EOS gmbh (Germany), envisiontec gmbh (Germany), Autodesk, Inc. (U.S.A.), Hoganas AB (Sweden), Renishaw PLC. (U.K.).
The report will help the market bests/fresh competitors in this bazaar in the subsequent methods:
1. This report slices the 3D printing market broadly and offers the nearby estimates of the complete market size and that of the sub segments cutting across diverse verticals and constituencies.
2. The report would help stakeholders to comprehend the beat of the marketplace and delivers them info on the important market drivers, checks, contests, and prospects.
3. This report would aid stakeholders to well comprehend their contestants and increase more visions to augment their place in the corporate. The competitive landscape piece comprises of competitor system, innovative product advances, conglomerates, and mergers & acquisitions.
Medical technologies often are expensive when they enter the market, becoming cheaper over time, but many of the new 3D-printed solutions are coming in at a reasonable price point. This shift has the potential to disrupt the alarming trajectory of rising health care costs at exactly the moment when aging Baby Boomers will be putting more pressure on the health care system.
The world 3D printing healthcare market was evaluated at $579.0 million in 2014 and is estimated to garner $2,363.8 million by 2020, registering a CAGR of 26.2% during the forecast period 2016- 2020. Asia-Pacific market for healthcare 3D printing is expected to reach USD $ XX billion by 2020, growing at an estimated CAGR of 24.60 % during 2016-2020. This market is expected to witness significant growth during the forecast period on account of the numerous technological innovations in this sector. In addition, augmented R&D investments, rapidly expanding customer base, increasing scope of biomedical applications, and extensive research and development activities at the academic and industrial level have fueled the market growth.
Furthermore, collaborations between academic institutions and companies to accelerate the process of product development has supplemented the market growth. However, absence of a structured regulatory framework, unfavorable reimbursement policies, high costs associated with printers, copyright & patent infringement concerns, biocompatibility issues of 3D printed medical devices, and limited technical expertise are the major factor hampering the growth of the market.
The data required to analyze the Asia Pacific 3D printing in Healthcare Market was collected through both primary and secondary sources. Many research interviews and questionnaires were conducted with senior executives and/or managers of manufacturers of 3D printing for healthcare. Secondary research through many sources such as directories, articles, white papers, newsletters was studied to have clear and technical knowledge about the market. Data has also been collected from some of the associations such as Association of 3D Printing, Association for Manufacturing Technology (AMT) and many others.
What the report offers:
1) Market definition for Asia-Pacific healthcare 3D printing with information on drivers and restraints.
2) Market Analysis involving 3D printing applications, technologies used for manufacturing implants and bioengineering products.
3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
4) Extensively researched competitive landscape section with profiles of major companies along with their market shares
5) A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.. See Live
No matter which country you live in Europe, investment in 3D technology within one’s one country will improve the economy by bringing manufacturing back home. This will decrease costs associated with manufacturing, which will propel growth in many other related facets of the economy. The improvement and investment in 3D technology will have the potential to increase the value of any other stock that is held in a business/organization that requires manufacturing of a product, which is a huge portion of the economy.
Investing in 3D printing this year has been about as fun as drinking battery acid despite the unabated promises of it being the next industrial revolution. Everything from pills to houses can be made with 3D printing, also known as additive manufacturing, in which a machine produces a three-dimensional product by adding successive layers of material.
But shares of the two largest, publicly-traded 3D-printing companies on the stock market — Stratasys (SSYS) and 3D Systems (DDD) — crashed 64% and 58% this year, respectively. 3D Systems shares fell to a four-year low after having skyrocketed more than 600% over three years at their peak in 2014. Stratasys cratered 77% from its 2014 peak after having blasted 1000% between 2012 and 2014.
Europe is a major hub for 3D printing technology. The highest demand in Europe comes from small and medium sized businesses that are in need of high speed, reliable and low-cost prototypes. With the ability to deliver customized products and manufactured solutions at lower cost, 3D printing technology will completely disrupt traditional manufacturing in many industries. Initiatives and spending by government, the ability to offer customized products by 3D printing, increased efficiency, and improved products are leading this technology in Europe. 3D printing applications in healthcare are expected to grow at the highest CAGR over the forecasted period (2016-2020).
However, that doesn’t mean that there are no road bumps for 3D printing on the horizon. While desktop 3D printer sales are still growing, the end of the year did see them start to get a little soft. Although it is likely that this softening is just a natural slowdown as the market starts to redistribute itself. But still, with both 3D Systems and Stratasys both facing ever shrinking stock prices and resorting to major layoffs, this may not be the best time to invest in 3D printer manufacturers until it is clearer who will be the major players in the industry next year. With both HP Inc. and Canon moving into the 3D printer markets, it seems that things on the desktop and consumer levels will be in a state of flux for a while.
What the report offers
- Market Definition of Investment Opportunities for 3D Printing in Europe along with identification of crucial drivers and limitations for the market.
- Identification of features liable for altering the market scenarios, rising prospective opportunities and identification of key companies which can influence the market.
- Extensively studied competitive landscape section with profiles of Emerging companies along with their financials, strategic initiatives and market shares.
- Identification and analysis of the Macro and Micro factors that affect the Investment Opportunities for 3D printing in Europe.
- A comprehensive list of emerging market players along with the analysis of their present strategic interests and important financial information.
3D printing or additive manufacturing is a process of making three dimensional solid objects from a digital file.
The creation of a 3D printed object is attained by using additive processes. In an additive process an object is shaped by laying down successive layers of material until the complete object is fashioned. Each of these layers can be seen as a thinly sliced horizontal cross-section of the eventual object.
How does 3D printing work?
It all starts with creation of a virtual design of the object you want to create. This virtual design is made in a CAD (Computer Aided Design) file using a 3D modeling program (for the creation of a totally new object) or with the use of a 3D scanner (to copy an existing object). A 3D scanner makes a 3D digital copy of an object.
3d scanners use different technologies to generate a 3d model such as time-of-flight, structured / modulated light, volumetric scanning and many more.
NORTH AMERICA 3D PRINTING MARKET KEY SEGMENTS:
The market is segmented on the basis of components, applications, and countries.
- Technology-based printers
- Laminated Object Manufacturing
- Electron Beam Melting
- Fused Deposition Modeling
- Selective Laser Sintering
- 3D printing materials
- Metal and Alloys
- Education and research
- Consumer products
- 3D Systems
- Stratasys Ltd.
- E. I. duPont de Nemours and Company
- Optomec, Inc.
- Organovo Holdings, Inc.
- Arevo Labs
- Arcam AB
- The ExOne Company
- Autodesk, Inc.
3D printing (3DP) also known as additive manufacturing (AM) is a technique for converting virtual 3-D models into real time 3-D objects. In healthcare sector, 3-D printing is used to create medical implants, prosthesis parts and many other body parts. Technologies such as laser beam melting, stereolithography, electron beam melting, photo polymerization, droplet deposition, laminated object manufacturing and more are used for 3D printing in healthcare sector. The printer used in this sector prints the object or part layer by layer with help of the above technologies. 3D printings of heart, liver, lungs and many more helps to understand the critical health situation of person before any surgery.
The world 3D printing healthcare market was evaluated at $579.0 million in 2014 and is estimated to garner $2,363.8 million by 2020, registering a CAGR of 26.2% during the forecast period 2016- 2020. This market is expected to witness significant growth during the forecast period on account of the numerous technological innovations in this sector. In addition, augmented R&D investments, rapidly expanding customer base, increasing scope of biomedical applications, and extensive research and development activities at the academic and industrial level have fueled the market growth. Furthermore, collaborations between academic institutions and companies to accelerate the process of product development has supplemented the market growth. However, absence of a structured regulatory framework, unfavorable reimbursement policies, high costs associated with printers, copyright & patent infringement concerns, biocompatibility issues of 3D printed medical devices, and limited technical expertise are the major factor hampering the growth of the market.
As of 2016, Stratasys Ltd. (Israel & U.S.) held the leadership position in the global 3D printing medical devices market. Over the past three years, the company adopted new product launches; distribution agreements, partnerships, and collaborations; and acquisitions as its key growth strategies to ensure its dominance in the market. In addition, 3D Systems Corporation (U.S.), EnvisionTEC GmbH (Germany), EOS GmbH Electro Optical Systems (Germany), Renishaw plc (U.K.), Materialise NV (Belgium), 3T RPD, Ltd. (U.K.), Arcam AB (Sweden), Concept Laser GmbH (Germany), and Prodways (France) are some of the other key players in this market.
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The primary industrial metal 3D printing technology today is powder bed fusion. There are eight (and a half) players currently on the market offering this technology and one (and a half) that is entering it now. That makes 10 players all together. The “half” is German metal manufacturing giant Trumpf, which has entered the market in a joint venture with Italy’s Sisma. These two companies join four more German companies: two are the market leaders EOS and Concept Laser, followed by SLM Solutions and the smaller REALizer. In the UK, the manufacturing giant Renishaw offers a range of very specific SLM 3D printers. There is one company in the US, 3D Systems, which offers metal 3D printers through its acquisition of France’s Phenix.
The new player that just entered the market is Additive Industries from The Netherlands. And there is one company that has taken a different approach: Sweden’s Arcam Metals, with its unique Electron Beam Melting technology. This means that all these companies from some of the world’s most industrialised nations, are competing to offer better and more automated machines and the amazing part is that they still can meet demand. One more player, Aero Sud in South Africa, will soon be entering the market with the biggest metal powder bed fusion 3D printer ever built.
Building metal parts is the only way 3D printing can become productive. Plastic 3D printing has its place in prototyping and education, but 3D printing in metal will allow the technology to be used to manufacture final production parts in a wide variety of industries. Metals are the fastest-growing segment of 3D printing, with printer sales growing at 48% and material sales growing at 32%. Because of the current speed, size and cost limitations, the high value, low volume industries such as aerospace and biomedical, have been the earliest adopters.
GE Aviation are investing $3.5bn in new plant to house EOS M-280 printers to print 100,000 fuel nozzles by 2020. Arcam claim their 3D printers had been used to manufacture over 50,000 orthopaedic implants so far. Both these industries demand titanium alloys, giving them a market share of 31% by volume. Aerospace is also heavily investing in cobalt alloys, nickel alloys and aluminium alloys.
The global 3D printing metals market was valued at USD 156.2 Million in 2014, and is expected to reach USD 776.8 Million, growing at a CAGR of 31.5% between 2016 and 2020
Increasing use of 3D metal printing as a mainstream production process in the industries such as aerospace & defense and medical & dental is driving the growth of 3D printing metals market.
The most widely used metals for 3D printing include titanium alloys, nickel, inconel, stainless steel, aluminum, cobalt chrome, copper, silver, gold, and others. Ti-6Al-4V, a titanium alloy, is mainly used for manufacturing of engine parts and airframes. It offers excellent corrosion resistance and high strength required for heavy engineering applications. Titanium alloys are mainly used in aerospace industries due to their light weight and excellent resistance to heat.. See Live