The report “Consumer 3D Printing Market Analysis: By Materials Used ( Plastics, Metals, Ceramics, Form);By End Users (Households, Educational Institutions, Food Industry, Small & Medium Businesses) – Global Forecast to 2020″, report analyzes the global consumer 3d printing market with respect to market drivers, restraints, opportunities, and challenges in different regions.
Browse 78 Market Data Tables and 12 Figures spread through 185 pages and in-depth TOC on “Consumer 3D Printing Market Analysis: By Materials Used ( Plastics, Metals, Ceramics, Form);By End Users (Households, Educational Institutions, Food Industry, Small & Medium Businesses) – Global Forecast to 2020”
3D Printing is the technology used to convert a 3D model available with us into a three dimensional object through a digital technology i.e. CAD (Computer aided design) that can be used in practical applications. 3D printing is not new in the market, but now is a revolutionary market due to the consumer 3D printing innovation. Imagine a household, who can manufacture a component and sell it over to a relative client, and what if the number of households increase at a pace. This of course can be a night mare for the manufacturing enterprises, but is matter of a distant future, where the industry is not sure if this can happen. As of now, consumer 3D printing is limited to non-functional components due to printer and material limitations and hence consumer 3D printing is not a revolutionary market but is growing at an aggressive rate.
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Consumer 3D printing is estimated to grow at an exponential CAGR of 45% from 2015 to 2020, where the U.S. holds majority share, and will slowly decentralize to APAC and Europe. In the forecast period, even though the U.S. seems to be the market leader, both APAC and the European markets contribute significant share with pouring foreign investments to expand business locations and to establish manufacturing plants. With emerging demand, the global consumer 3D printing market is estimated to reach $1.2 billion by 2020.
This report focuses on the household or consumer 3D printers market opportunity and growth prospects. The market has been segmented by geography as North America, Europe, Asia, and Rest of the World (RoW). Market size and forecast is provided for each of these regions. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the consumer 3D printing market and future opportunities are provided in the report. This report on the Global Consumer 3D Printing Market identifies many such insights and M&A opportunities, besides providing a detailed analysis of the Consumer 3D Printing services and equipment market.
Low cost of consumer 3D printers and ease of operation are the key driving factors of this market. To be elaborative, there are certain limitations in the same driving factors. Consumer 3D printers cost ranges from $250 to $1,000 but is still not affordable for every households, hobbyists and educational institutions. Plastics are the popular materials can be used in consumer 3D printers, where a printer cannot access more than one or two plastics. Metals may make it into the home printers, but not in the near future. Patents expiry of existing Laser Sintering technology, which is widely used in consumer 3D printers in 2014 is expected to drive market further starting from 2015.
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Consumer 3D printers are difficult to calibrate and use, where the printed objects are not fine graded. It is tough to maintain a consumer 3D printer as the material will stick to the plate, if the provided heat is not sufficient enough and will happen if not calibrated properly. A consumer 3D printer can print small objects, wherein it is hard to learn the software tools. Against all these limitations, the waste and pollution generation from these printers is high, which act as restraint factors of the market.
Key Players in the industry are
- 3D Systems, Inc.
- Stratasys, Ltd.
- MakerBot Industries
- Ultimaker B.V.
- XYZprinting, Inc.
The key strategy of the above mentioned companies include product launches and mergers & acquisitions. 3D Systems and Stratasys are the major players with global distribution channel and are located in the U.S., which is an added benefit. The consumers segment of 3D Systems had generated revenue of $43.8 million in 2014, grown by 25.8% compared to 2013. There are a number of smaller players who claim to provide exceptional service to satisfy the growing consumer base for the market. 3D Systems and Stratasys hold the maximum number of patents in this market, but majority of the patents held are expected to expire in 2015 and also in the next few years, opening the opportunity for low-priced versions to be launched into the market by other companies.
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