Automated 3D Printing Market by Offering, Process, End User, and Geography - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 15, 2018--The “Automated 3D Printing Market by Offering, Process, End User, and Geography - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The automated 3D printing market is projected to reach USD 1,793 million by 2023 from USD 196 million by 2018, at a CAGR of 55.65%.
Growth of this market is largely attributed to factors such as the increased focus on efficiency and cost of production, growth in adoption of robotics for industrial automation, and growing need to automate post-processing. However, the high cost of installation of automation equipment is expected to restrict the growth of the said market.
Automated 3D printing market for hardware to register highest growth during forecast period
The automated 3D printing market for hardware is expected to grow at the highest CAGR during the forecast period. Among the hardware types, the adoption of robots is proving to be beneficial for the companies to achieve complete automation. The end users are introducing robots in their 3D printing processes for significant transformation in terms of increased productivity and efficiency, leading to higher levels of output, product quality, and flexibility. These benefits are propelling the adoption of automation hardware in the 3D printing processes.
Market for industrial manufacturing, high-tech equipment, and engineering to grow at highest CAGR during forecast period
The automated 3D printing market for industrial manufacturing, high-tech equipment, and engineering is expected to register the highest growth during the forecast period. For these end users, additive manufacturing provides new solutions for the low-volume production of different parts, with a new tool-less and cost-effective production method. The group of equipment used in these applications is highly efficient in terms of time and cost. Hence, the automation of 3D printing in this end-user segment is more than that in other end-user segments.
Market in APAC to register highest growth during forecast period
APAC is an economically growing region owing to the presence of technologically strong countries such as China and Japan. The majority of the world’s consumer goods and electronics are manufactured in APAC, particularly in China and Taiwan. The economic and manufacturing process of China, supported by tiger economies, are expected to facilitate the transformation of the small batch production capabilities into large batch production capabilities in APAC.
DriversIncreased Focus on Efficiency and Cost of Production Growth in Adoption of Robotics for Industrial Automation Growing Need to Automate Post-Processing
RestraintsHigh Cost of Installation of Automation Equipment
OpportunitiesIncreasing Implementation of 3D Printing for Mass Production Elevating Demand for Low-Cost Collaborative Robots
ChallengeInteroperability Between Hardware, Software, and Data Interfaces
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automated 3D Printing Market, By Offering
7 Automated 3D Printing Market, By Process
8 Automated 3D Printing Market, By End User
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles3D Systems Corporation 3Dprinteros Abb Additive Industries B.V. Additive Manufacturing Technologies Limited Authentise Autonomous Manufacturing Ltd. Carbon, Inc. Concept Laser (Ge) Coobx Dws Systems Dyemansion Gmbh Eos Farleygreene Ltd Formlabs Hp Inc. Kuka AG Manufacturing Technology Centre Materialise Nvbots Postprocess Technologies Renishaw Plc. Slm Solution Solukon Maschinenbau Gmbh Stratasys Structo Pte. Ltd The Exone Company Universal Robots A/S Voodoo Manufacturing, Inc.
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Related Topics:3D Printing
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/15/2018 05:03 AM/DISC: 11/15/2018 05:02 AM