Global Automated 3D printing market to value over US$ 1.8 Billion by 2026 end and register CAGR of over 54% during 2019-2026.
Automated 3D printing is utilized for giving a structure to an idea or visual by imposing a program in the process of automated production.
Automated 3D printing is at its early stages however remains an essential part of the manufacturing processes. It offers accuracy alongside the affordable cost of production and enables production for customized as well.
The automated 3D printing market is witnessing multiple developments in the form of product launches and collaborations. SLM 800, a product of SLM solutions is a laser melting which partially and fully integrates with automated production processes.
Automated 3D printing reduces labor cost and aims at delivering efficient performance. Aforementioned factors have fueled the growth of the market.
On the basis of offering, the market is segmented into software, hardware, robots, and services. Robots and services are predicted to dominate the market during the forecast period. The adoption of robots is proving to be lucrative for companies to attain automation. Robots are widely used for automated 3D printing the processes and their increasing adoption in the automotive sector is driving the growth of the market. Robots are efficient, offer good productivity which leads to greater levels of product quality and output.
Based on the process, the market segmented into part handling, material handling, multiprocessing, post-processing, and automated production. Multiprocessing is expected to spur the size of the market in the coming years. It leads to an increase in component functionality. It's an added manufacturing process with other processes as cutting and dispensing.
The end user segment is branched out into healthcare, energy, consumer products, automotive, and aerospace and defense. Healthcare and consumer product industry is expected to fuel the growth of the market in the coming years.
However, high deployment cost of the automated 3D printing system is limiting the growth of the market.
In terms of region, North America accounts for the majority of the share of the market. Growing investment in R&D alongside the presence of a vast number of automated 3D printing equipment manufacturers have been the drivers of the market in the region. Asia-Pacific region is expected to control the market in the forecast period. Foreign investments alongside the adoption of the latest technology to improve the defense line of emerging economies like India, Japan, Korea, and China are the reasons stimulating the growth of the region. Furthermore automated 3D printing acquisitions and mergers among software and hardware firms are also predicted to have a positive influence on the market in the Asia-Pacific region. The acquisition of Concept Laser by GE is expected to play a significant role in the expansion of the market in the region.
Few of the prominent players of the market include 3D systems, Concept Laser, SLM Solutions, EOS GmbH, Formlabs, Authentise, NVBOTS, ExOne, DWS System and Universal Robot.
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Automated 3D Printing Market Segmentation:
By Offering
• Software
• Hardware
• Robots and Services
By Process
• Part Handling
• Material Handling
• Multiprocessing
• Post-Processing
• Automated Production
By End User
• Healthcare
• Energy
• Consumer Products
• Automotive
• Aerospace
• Defence
By Region:
• Europe
• North America
• APAC
• Latin America
• Rest of World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on automated 3D printing market based on the offering, process, end users and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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