Albany, NY, Jan. 20, 2016 (GLOBE NEWSWIRE) -- 3D printing, also known as AM, uses CAD to create an object. It is a process of making 3D objects using plastic, metal, and composite materials, usually layer upon layer, to build physical models, prototypes, patterns, tooling components, and production parts.
Basically, in 3D printing, the first step is to make a virtual design of the desired object, and this virtual design is made in a CAD file by using a 3D scanner or by using a 3D modeling program. The next step, after getting the 3D file, is to print it; the 3D modeling software in the 3D printer will "slice" the design into numerous layers, and uses the material to create the object layer by layer. The global 3D printer market to grow at a CAGR of 41.5% during the period 2016-2020.
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The report covers the present scenario and the growth prospects of the global 3D printer market for the period 2015-2020. To calculate the market size, the report covers the shipment of 3D printers worldwide to the OEMs operating in the following key customer segments:
- Consumer products (including home dcor, and jewelry)
- Aerospace and military
- Others (including industrial, education and research, and architecture)
Technavio's report, Global 3D Printer Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Browse Report description and TOC:
- 3D Systems
Other prominent vendors
- Matsuura Machinery
- Shaanxi Hengtong Intelligent Machine
- Wuhan Binhu Mechanical & Electrical
Global Automotive 3D Printing Market 2015-2020
Global automotive 3D printing market is very dynamic and lot of new players are entering in this market. Those players who entered in this market in 1990s are the dominant players and they have the major share in this market. Global automotive 3D printing market is growing at a blistering CAGR of 25.74% during the year 2010-2014 due to increasing allocation of the companies on latest technology, environmental friendly production, faster production and need of innovative designs. During 2015-20, Global Automotive 3D Printing Market is anticipated to grow at an increased rate on account of improvement in 3D printer performance, printing components, 3D printed cars and ease of usage due to advancement in the software and technology.
According to Azoth Analytics research report, “Global Automotive 3D Printing Market: Trends, Opportunities and Forecasts (2015-2020) - (Markets By Technology - SLM, SLS, SLA, FDM, By Region, By Country, Key Players, Margins and Revenue Contribution)”, Global Automotive 3D Printing Market is projected to exhibit a CAGR of over ~27.72% during 2015 - 2020.
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