- January 11, 2022
3D printing dates lower back to a technology in which no one could have imagined the current scope of the era. It has grown to be a commercial giant as patents surrounding it have expired and the general population has begun to experiment with the technology. The leaps and bounds that the technology has made on the grounds are astounding, to mention the least.
The increased global demand for sustainable solutions and customised products has resulted in a surge in demand for 3D-printed parts and products. Technological innovations in the field have halved costs while delivering twice the performance. As the 3D printing sector moves beyond prototyping, use of this technology, particularly in supply chains, is becoming increasingly widespread
- Evolution of the technology
- Major Players and New Entrants
- Industry-wise impact of 3D printing
Market Overview
- The 3D printing market recorded an estimated market size of USD 12.6Bn with a growth rate of 21% YOY in 2020.
- The 3D printing market is expected to more than double in size over the next 5 years, reaching a value of $37.2 billion in 2026.
- 84% of engineering businesses used 3D printing to produce functional end-use parts (54%) or the same (30%) in 2020.
- 73% of engineering businesses forecasted about producing or sourcing more 3D printed parts in 2021 as compared to 2021.
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