US 3D Printing Market by Printer Type, by Material, by Process, by Technology, by Software, by End Use Industry, Competition Forecast and Opportunities, 2011 - 2021

TechSci Research Report

NEW YORK, February 24, 2017 /PRNewswire/ --

3-D printing, also known as Additive Manufacturing (AM), can be defined as a process of designing and developing three-dimensional solid objects from a digital file. In 3D printing process, an object is created by laying down successive layers of material until the entire object is shaped. Each of these layers can be seen as a thinly sliced horizontal cross-section of the eventual object. United States 3D printing market has shown ubiquitous growth over the last few years on account of technological developments, not only in terms of printing technology but also in printing material variety and quality. Moreover, growing demand for 3D printed products from various verticals such as manufacturing, defense, education, healthcare, aerospace, consumer electronics, automotive, etc. is further propelling the growth of United States 3D printing industry. Furthermore, low cost of manufacturing products along with high customization and reduced raw material wastage are motivating the consumers to opt for 3D printers all across the country. Easy availability of low-cost 3D printers along with anticipated decline in Average Selling Prices (ASPs) are expected to positively influence the United States 3D printing market over the next five years.

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According to "United States 3D Printing Market By Component Type, By Technology, By Process Competition Forecast and Opportunities, 2011 - 2021", the 3D printing market in the United States is anticipated to grow at a CAGR of over 41% during 2016 - 2021. On the basis of product type, the market of 3D printing in the country is broadly segmented into three categories, namely, Printer, Material and Software. Printer dominated the country's 3D printing market in 2015. The segment is anticipated to maintain its dominance over the next five years as well owing to its usage and involvement during each and every step of textile processing. Few of the leading players operating in United States 3D printing market include Stratasys, 3D Systems, EnvisionTEC and ExOne, among others. "United States 3D Printing Market By Component Type, By Technology, By Process Competition Forecast and Opportunities, 2011 - 2021" discusses the following aspects of United States 3D printing market: