DUBLIN, Dec. 16, 2022 /PRNewswire/ — The “Industrial 3D Printing Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets.com’s offering.
The decreasing cost of 3D-printed machines, as well as increasing awareness and expertise have boosted the popularity of this technology. Recent years have seen the development of more sophisticated fused-deposition modeling methods, which have increased the demand for various materials. This has led to a greater adoption of the technology in many industries.
Technological advancements and investments
The growing technological advances like artificial intelligence, the Internet of Things and machine learning are key factors in the market’s success. These technologies allow automated printing to increase efficiency in production. Additive Manufacturing Technologies, a UK-based firm, has launched its Digital Manufacturing Systems.
The company’s proprietary technology is used to create a digital, automated solution for manufacturing workflows. ExOne introduced an Industrial-Grade 3D Printing Tooling Solution. It boasts the most comprehensive range of 3D printed tools solutions in the world. The market will also benefit from the increasing investments in 3D printing research and development. The Dutch government, for example, has made investments of approximately €2 billion. USD 150 Million Research and innovation in 3D printing.
Market growth will be further driven by a number of product launches, mergers, acquisitions, and partnerships among key players. ExOne and Maxxwell Motors have partnered to develop 3D-printed copper windings. SLM Solutions announced a partnership with Solukon to develop advanced depowdering technologies. This partnership will see the SLM solution use Solukon flagship machines for various post-processing parts made in additive manufacturing processes.
COVID-19
Due to lower demand from manufacturing, the COVID-19 epidemic had a devastating impact on the market for industrial 3D printing. Industries suffered huge delays due to the lockdown that governments around the globe imposed in order to stop the spread of the virus. Due to the lockdown, the supply chain was also disrupted, causing delays in delivering orders from the past. A general lack of demand was the main reason for the decline in 3D printing demand by enterprises. The low rate for return on investment resulted from reduced demand and the halting of operational tasks.
In addition, the industry was limited by a shortage of qualified labor as well as the long-term shutdowns of plants. When the pandemic started, many businesses faced severe shortages of raw materials. A secondary reason was that engineers were unable to access the equipment and work spaces needed to develop and manufacture 3D printing products. The World Bank data shows that the manufacturing sector’s value added has declined from US$13.946 trillion In 2019, US$13.498 Trillion 2020. The pandemic caused a setback in the foundry sector.
ASSOFOND reports that the Italian foundry industry saw a drop of 20 percent to 30 percent between January and February 2020. Between January and April 2020The country saw a decrease in iron casting production by 42 percent, and a 32 percent decline in non-ferrous production. Therefore, the projections for industrial 3D printing technology in the COVID-19 scenario have been revised downwards.
We cover the following key topics:
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.4. Industry Value Chain Analysis
5. INDUSTRIAL 3D Printing Market, BY COMPONENT
5.1. Introduction
5.2. Hardware
5.3. Software
5.4. Services
6. INDUSTRIAL 3D PRINTING MARK, BY TECHNOLOGY
6.1. Introduction
6.2. Stereolithography
6.3. Fused Deposition Modelling
6.4. Selective laser sintering
6.5. Direct Metal Laser Sintering
6.6. Polyjet Printing
6.7. Inkjet Printing
6.8. Laser Metal Deposition
6.9. 6.9.
7. INDUSTRIAL 3D PRINTING, BY GEOGRAPHY
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Other
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. Uk
7.4.4. Italy
7.4.5. Other
7.5. Asia-Pacific
7.5.1. China
7.5.2. India
7.5.3. Japan
7.5.4. South Korea
7.5.5. Taiwan
7.5.6. Thailand
7.5.7. Indonesia
7.5.8. Other
8. COMPETITIVE ENVIRONMENT and ANALYSIS
8.1. Analysis of Strategy and Major Players
8.2. 8.2.
8.3. 8.3.
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Accenture 3D Systems, Inc.
9.2. Extrude Hone (ExOne Company)
9.3. General Electric Company (GE Additive).
9.4. Voxeljet AG
9.5. Renishaw plc
9.6. Stratasys Ltd.
9.7. SLM Solutions Group AG
9.8. Materialise
9.9. ENVISIONTEC, INC.
9.10. EOS Group
For more information about this report visit https://www.researchandmarkets.com/r/fx4wlg
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