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3D Printing Market to Log 16.80% CAGR between 2013 and 2019
October 26, 2015 | Business WireEstimated reading time: 1 minute
Transparency Market Research has announced the release of a report titled “Global 3D Printing Market (Polyjet, FDM, SLS, SLA) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”. The global market for 3D printing was valued at US$2.2 bn in 2012. It is expected to expand at a healthy CAGR of 16.80% between 2013 and 2019.
By technology, the market is segmented into polyjet, fuse deposition modeling, stereolithography, and SLS. Amongst these, polyjet printing leads the market. By application, the market is segmented into personal 3D printing and commercial 3D printing. The segment of commercial 3D printing held the biggest share in the market and is expected to maintain its superiority throughout the forecast horizon.
The demand for 3D printing technology is on the rise owing to the ease of use of this technology in comparison to conventional printing methods. The rising application of 3D printing in numerous application sectors including automotive, medical, and electronics will stimulate the market for 3D printing in the coming years. In addition, the increase in the count of 3D printing service centers and the low cost of printers has raised the demand for this technology for personal use.
About TMR
Transparency Market Research (TMR) is a U.S. based market Intelligence Company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.
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