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Automated 3D Printing Market 2020 with Focus on Opportunities, Challenges and Growth Factors 2023

Market Research Future has asserted in their report that the worldwide automated 3D printing market reflected a value of USD 152.3 mn during 2017 and is likely to generate a revenue of USD 1,837.6 mn by the conclusion of review period.

Market Overview

Market Research Future has asserted in their report that the worldwide automated 3D printing market reflected a value of USD 152.3 mn during 2017 and is likely to generate a revenue of USD 1,837.6 mn by the conclusion of review period.

The automated 3D printing market is likely to grow at 51.66% CAGR. Automation is one of the most crucial components for all manufacturing processes. Automated 3D printing market is at its budding phase but is estimated to expand at a substantial rate throughout the assessment period. Automated 3D printing facilitates seamless end-to-end experience coupled with surged efficacy. Benefits of automated 3D printing system such as accuracy, capacities for expanded production runs, and low cost of production, are anticipated to accelerate its market growth. Automated 3D printing system allows affordable production of customized and complex designs. Furthermore, the benefit of one system handling a range of product lines curtail the labor cost. Besides, espousal of robotics for industrial manufacturing is also one of the key drivers for automated 3D printing market. However, the rising setup cost of automated 3D printing system is estimated to restrict the market growth. Automated 3D printing market is witnessing an array of developments including collaborations and product launches.

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Key Players

Global automated 3D printing market is ruled by key players like 3D Systems (US), Stratasys (Israel), Universal Robots (Denmark), Materialise (Belgium), EOS GmbH (Germany), Formlabs (US), PostProcess Technologies (US), SLM Solutions (Germany), ExOne(US), Concept Laser (Germany), Authentise (US), Coobx (Liechtenstein), NVBOTS (US), DWS System (Italy), and Renishaw (UK).

Segmentation

The global automated 3D printing market is segmented based on component, vertical, and process. Based on component, the market is segmented into software, services, and hardware. Under the component segments, hardware is sub-segmented into robots, 3D printers, and others. The services segment is subdivided into integration, deployment, maintenance, and support. The hardware segment is likely to represent the major share for automated 3D printing market. Under the hardware segment, robot segment is estimated to develop at the highest growth rate over the review period owing to extensive implementation of robots in industrial settings across the world. Under the process segment, multiprocessing subsegment is predicted to develop at a significant rate. The vertical segment is segregated into industrial manufacturing, automotive, healthcare, aerospace and defense, energy, consumer products, and others. Based on process, the market is categorized into automated production, material handling, post-processing, multiprocessing, and part handling.

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Regional analysis

The global market for automated 3D printing is expected to develop at a striking rate over the forecast period 2018 to 2023. Based on geography the automated 3D printing market is studied for Asia-Pacific, Europe, the Middle East and Africa, North America, Latin America, and the rest of the world. Among the mentioned regions, North America represented the highest share of automated 3D printing market in 2017. The North America market is the fastest adopter of automated 3D printing technology owing to the presence of well-established 3D printing system players. Besides, the increasing instances of technological advancements in the automated 3D printing market paves the way for increased investments in the market coupled with the introduction of progressive techniques to make the functioning of the automated 3D printer smoother. For example, 3D Systems recently unveiled Figure 4 Production Black 10 (PRO-BLK 10) – a groundbreaking production material for additive engineering applications that allows manufacturers to directly yield end-use plastic parts without tooling, which in turn facilitates a shorter turnaround time. The North America market was followed by Europe in 2017. Moreover, Asia-Pacific is likely to expand at the largest CAGR over the forecast period. The rapidly expanding manufacturing sector in APAC is likely to be the key driver for espousal of automated 3D printing in this market.

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