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(IT-NEWSWIRE.COM, March 21, 2018 ) Globally, burgeoned investment in Research and Development (R&D) across industries like aerospace, automotive, healthcare, oil and gas etc. will fuel the additive manufacturing industry. Following the same trend, the US 3D printing industry is poised to experience astonishing growth in the future.
A shift from designing prototypes to producing end-user products can be seen in various U.S. industries. As a result, the 3D printing industry is anticipated to touch USD 17.2 billion by 2020. Increased government initiatives for small and medium enterprises would further help in increasing exports to international geographies.
While defining the industry by segment, it is seen that printers sector will grow at highest CAGR of 29% through 2015-2020. Continuous falling prices of 3D printers would increase the installation numbers in households and small offices. In contrast, the maintenance segment will show the slowest growth rate from 2015-2020. The service and maintenance segment is hoping to expand at a CAGR of 22% to reach USD 3.46 Billion over the next five years from 2015 to 2020. The reason for the slow growth can be attributed to decrease in 3D printer prices. It is expected that people would prefer buying new printers with advanced technology at a comparatively lower rate rather than getting them fixed for any technical issue.
An expanded demand for 3D printing from aerospace is expected, especially from civil aircrafts and space-crafts. U.S. aerospace industry rose at a CAGR of 3% from 2011 to 2015, under which space craft showed highest growth 7% y-o-y, followed by civil aircrafts at 6% annually. The scientists in space research agencies are continuously looking for methods to develop parts that can be developed on-site in the space for any emergency repair. Additionally, in automobile and aerospace industry there is huge demand for equipment that can develop heavy-duty parts and accessories from light-weight material and in an inexpensive way in no-time.
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In additive manufacturing industry the consolidation is trending to acquire more number of patients and innovative technologies. However, many big players are facing legal issues while implementing new technology and services. For instance, government rules doesn`t allow any of the business to develop the armaments or destructive elements/equipment like guns. There are other rules imposed by FDA, EPA and related, to safeguard the society interest. For instance, developing functional kidney, heart and liver through bio-printing is possible but the permission has to be granted by government agencies to transplant these organs. Similarly, there are various hurdles being faced by aerospace industry while implementing the newly developed products in the aircrafts as the safety and security of the civil society needs to be addressed first.
Currently, all the major players in the additive manufacturing are trying to tap sector like education to increase the awareness about the technology and its benefits. In order to follow this, various labs have been set-up by the companies for students, small businesses and civilians. Furthermore, the players are now focusing upon the mass customization that would attract more acceptance and interest of customers/clients.
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List of Tables
Table 9- 1: US 3D printing service providers
Table 17- 1: Stratasys Revenue by Product and Services
Table 17- 2: Stratasys Revenue by Region (USD Millions)
Table 17- 3: Stratasys - Key Financials
Table 17- 4: ExOne Revenue by product, materials & services (USD Millions)
Table 17- 5: The ExOne Company - Key Financials
Table 17- 6: 3D Systems - Revenue (USD Millions), 2012-2014
Table 17- 7: 3D Systems - Revenue by Geography (USD Millions), 2013-2014
Table 17- 8: 3d Systems - Key Financials
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List of Figures
Figure 3- 1: US 3D Printing Market Size (USD Billion) & Y-o-Y Growth %, 2015-2020 5
Figure 6- 1: Top 3D Printer Manufacturers
Figure 6- 2: Fused Deposition Modeling (FDM) Working Model
Figure 6- 3: Selective Laser Sintering (SLS) Working Model
Figure 6- 4: Selective Laser Melting (SLM) Working Model
Figure 6- 5: Electron Beam Melting (EBM) Working Model
Figure 6- 6: Laminated Object Manufacturing (LOM) Working Model
Figure 7- 1: Global 3D Printing Market Size, 2015-2020 (USD Billions) & Y-o-Y Growth
Figure 7- 2: Global 3D Printers Shipments, 2014 (Percentage)
Figure7-3: Percentage share of Additive Manufacturing in Other Industries, 2014
Figure7-4: Percentage share of Additive Manufacturing in Industrial Products, 2014
Figure 7- 5: 3D Printing Application, 2014 (In Percentage)
Figure 7- 6: Factors affecting 3D Printers & Services Purchase, 2014
Figure 7- 7: Global 3D Patent Distribution, 2013 (By Percentage)
Figure 8- 1: US 3D Printing Market Size (Billion USD), 2014-2020
Figure 9- 1: Types of Printer Purchased (In Percentage), 2014
Figure 9- 2: Price Range of Household and Small Industrial 3D Printers (USD), 2014
Figure 9- 3: US 3D Printer Market Size (USD Billion) & Y-o-Y Growth %, 2015-2020
Figure 9- 4: US 3D Printer Material Market Size (USD Billion) & Y-o-Y Growth %, 2015-2020
Figure 9- 5: US 3D Printing Service & Maintenance (USD Billion) & Y-o-Y Growth %, 2015-2020
Figure 10- 1: Aerospace Industry Sale by Product Group (In USD Billion), 2011-2015
Figure 10- 2: % Share of Groups in Total Sales, 2014
Figure 10- 3: Current & Future Application of 3D Printing in Civil Aerospace, 2014
Figure 10- 4: Current & Future Application of 3D Printing in Space-craft Industry, 2014
Figure 10- 5: US Government Spending on Healthcare (USD trillion), 2013-2017
Figure 10- 6: US Healthcare Expenditure, By Segment (USD Billion), 2014
Figure 10- 7: Additive Manufacturing share in Automotive Industry (USD million), 2013
Figure 10- 8: Current & Future Application of 3D Printing in Automotive, 2014
Figure 11- 1: Porter`s Five Force Model Analysis, 2014
Figure 14- 1: Legal Requirements in Business Steps
Figure 17- 1: Stratasys - Revenue (USD Million), 2012-2014
Figure 17- 2: ExOne - Revenue (Millions USD), 2012-2014
Figure 17- 3: 3d system - Revenue (Millions USD), 2012-2014
ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
Source: EmailWire.com
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