Global 3D Printing Market Report 2019-2024

As per the latest report by IMARC Group, titled “3D Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”,the global 3D printing market size reached US$ 9.2 Billion in 2018. 3D printing, also known as additive manufacturing, is a process through which three dimensional solid objects are created using a digital file from computer design software. In this process, the products are generally prepared using a series of additives or layered development framework to form an object which avert the need for drilling, cutting, etc. In comparison with the conventional printing technologies, 3D printing offers advantages including stability, durability, flexibility, high-sensitivity and the elimination of raw material wastage. As it aids in creating 3D objects of any shape and size without the use of molds or machines, it is gaining immense traction among consumers around the world.

Request Free Sample Report: https://www.imarcgroup.com/3d-printing-market/requestsample

Market Trends:

As 3D printing technology assists users in forming digital models, it is widely used in the automotive industry for manufacturing prototypes and different functional parts. Moreover, it is employed in the fashion industry to create jewelry and nylon-based clothing designs. Customized braces, tooth implants and hearing aid shells are also produced using this technology in the healthcare sector. Apart from this, manufacturers are financing research and development activities to build prosthetic parts with the help of biological materials including skin, bone and cartilage. In addition to this, the emergence of metal 3D printing technologies, such as binder jetting, has helped in minimizing the overall production time as well as costs. This is expected to increase the applications of 3D printing, especially in the aerospace industry, to manufacture lighter aircraft parts, frames and structures. Looking forward, the market is expected to reach a value of US$ 24.8 Billion by 2024, expanding at a CAGR of around 18% during 2019-2024.

Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/3d-printing-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Contact Us IMARC Group

USA: +1-631-791-1145

Email: [email protected]

Website: https://www.imarcgroup.com

Follow us on twitter: @imarcglobal