Reports and Intelligence adds a report titled “Global 3D Printing Market (Technology, Material, Services, Application and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020." The report expects the 3D printing market would grow to reach a mark of $8.6 billion by the year 2020 with a CAGR of 20.6% during the forecast period.
3D printing, or popularly known as Additive manufacturing includes the procedure of creating 3 dimensional products. The process is accomplished by means of material printer, which replicates exact prototype of an object. It is used in different areas such as industrial design, footwear, engineering and construction (AEC), architecture, jewelry, dental and medical industries, automotive, education, civil engineering, aerospace, geographic information systems, and others.
Browse full report at: http://www.reportsandintelligence.com/3d-printing-market
The major factors propelling the growth of global 3d printing technology are its faster processing with increased accuracy, judicious use of raw materials and the capability to build customized products. Further, rising popularity of technologies such as additive manufacturing and rapid prototyping process by the leading firms is also boosting the market growth rate. Also the promising government rules helps the market to grow in the developing nations. The aforementioned market growth factors are helping the small players in the emerging nation to face the leading players and offer competitive products in the global 3D printing market.
Stereo lithography produced maximum revenue with an overall market share of 33%, in the year 2013. On the basis of 3D printing materials, ceramics, metals and polymers are studied deeply in the report. In the year 2013, polymer generated maximum revenue of $193.3 million.
North America leads the overall market with a market share of around 43.9% in value followed closely by Europe. Asia Pacific region would grow swiftly during the study period.