According to the business intelligence report titled ‘GLOBAL 3d Printing Market 2019-2027’, available with Market Study Report, global 3D printing market is speculated to bolster at an annual rate of 14.56% over 2019-2027.
 

Emphasis on improving manufacturing efficiency, enhancement in time and cost, along with high scope of innovation are leading factors driving global 3D printing market growth. Notably, 3D technology is logically feasible, reduces human errors, and can be personalized.
 

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While growing adoption of 3D printing in healthcare and other sectors facilitates market expansion, high cost of implementation, and limited availability of skilled labor with technical knowledge will acts as restraints for global 3D printing business.
 

Based on component terrain, the industry is segmented into hardware, software, and services. Speaking of technology, the market is divided into stereolithography, selective laser sintering, direct metal laser sintering, electron beam melting, fused deposition modelling, polyjet printing, laser metal deposition, digital lighting processing, inkjet printing, and laminated object manufacturing.
 

According to application scope, global 3D printing marketplace is bifurcated into tooling, prototyping, and functional part. While various end-use verticals include automotive, healthcare, aerospace & defense, industrial products, consumer electronics, and power & energy among others. Moving on to material type, the market is classified into plastic, metals & metal alloys, photopolymers, ceramics, and others.
 

From the regional frame of reference, North America and Europe are contributing significantly towards global 3D printing market remuneration currently. Meanwhile, Asia Pacific market is projected to expand at an annual rate of 17.39% between 2019-2027. Advantageous government policies and financial support for research & development have encouraged many leading companies to set up manufacturing plants in this region, acting as stimulant for APAC market.
 

Key players influencing global 3D printing market dynamics are Höganäs AB, 3D Systems, Hewlett-Packard Development Company L.P., GE Additive, Arcam AB, Optomec Inc., ExOne, Voxeljet AG, Organovo Holdings Inc., Autodesk Inc., and Stratasys Ltd.