Personal 3D Printing Markets Poised for Expansion
July 22, 2015 | PRNewswireEstimated reading time: 3 minutes
The market for personal 3D printers looks vastly different than it did only a year ago. Market leaders have quickly expanded equipment offerings to fill out the entire market in an attempt to be everything to everyone. This has allowed focused, smaller companies to challenge incumbent's position by targeting niche markets in the personal printing space. Developing dedicated user bases and offering more direct customer service avenues will help a number of entrepreneurial personal printers equipment manufacturers capture large swaths of the market over the next decade.
The next generation of personal 3DP equipment will provide value that will open up large addressable markets. Meanwhile, new highly accurate personal SLA equipment opens up novel opportunities to serve existing customers, as well as new ones. The switch from to specialized 3DP equipment components promises a large boost of performance in the next 3-4 years.
Meanwhile, the magnitude of the opportunities in personal 3DP are unsettling business norms. Some of the most promising players only a year ago have faded into obscurity; Meanwhile, new companies are securing large orders and rising to prominence rapidly. The rules of competition are constantly being re-written as more and more companies aggressively move to claim their piece of the pie. Global retailers do their best to make sense of this shifting space, seeking to understand how and where to get involved.
Manufacturers of 3DP equipment are now work urgently to expand production capacity and drive economies of scale in order to cement their position in the industry. Their urgency is well-founded: public excitement for 3DP technology has hit critical mass and will manifest in large numbers of equipment sales, materials, software, and services over the next few years.
In this report, SmarTech breaks down how the personal 3DP market has changed, and where it is headed. We address the shifting dynamics of the market, seeking to give our readers an understanding of how firms are competing in the personal 3DP space. Opportunities are identified, as well as the optimal strategies for commercializing on these opportunities. The educational markets for 3DP are particularly discussed as a primary opportunity moving forward. SmarTech addresses how these customers differ from regular consumers and how dedicated companies will best serve these markets.
After reading the report, our customers will come away with a comprehensive understanding of what personal 3DP means in the larger context of 3DP. They will see that the personal 3D printer acts as both an ambassador and bell-cow to the industry. Our report breaks down opportunities on a micro level, addressing individual product categories, geographical regions, and companies.
Our report also offers the most comprehensive 10-year market forecasts of the personal 3DP markets to date. We provide in-depth forecasts that are logically laid out so the customer can follow how we came to our conclusions. We provide a bottom-up forecast of the total personal 3DP market including equipment, materials, software, scanners, and services. Equipment and materials are further broken down into FDM and SLA printer categories shipped and installed. In addition, SmarTech provides a market share analysis, presenting an addressable market and adoption rate for personal 3DP technology.
SmarTech is the only firm completely dedicated to industry analysis in the 3D printing sector. As such, we have a unique understanding of new revenue generation, technology status, and strategic impact across the whole 3D printing sector.
Personal 3D Printing Markets: 2014 – 2023 is designed for all forward thinking and innovative marketing, business development, and financial executives who need to understand where future business opportunities are headed. The objective of this report is to provide essential input to senior executives making marketing, business development, and investment decisions in the rapidly evolving 3D printing business.
Read the full report, here.
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