DUBLIN, Dec. 16, 2022 /PRNewswire/ — The “Industrial 3D Printing Market – Forecasts from 2022 to 2027” report has been added to ResearchAndMarkets.com’s offering.
Additionally, 3D printing-based machines are becoming more affordable and the demand for the technology has increased due to increasing knowledge and skills. Recent years have seen the development of more sophisticated fused-deposition modeling methods, which has led to a greater demand for various materials. This has resulted in a widespread adoption of the technology across many industries.
Technological advances and investments
The market’s growth is being supported by technological advances such as artificial intelligence and the Internet of Things. These technologies enable automated printing that allows for high-quality 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 workflow. ExOne has announced the launch of an Industrial-Grade 3D printed tooling solution. It has the largest selection of 3D-printed tooling options in the world. Furthermore, 3D printing’s growing research and development investments will positively impact market growth. The Dutch government, for example, has made investments of approximately €2 billion. USD 150 millions In 3D printing-related research, innovation.
The market will continue to grow due to a variety of product launches and mergers and acquisitions as well as partnerships between key players. ExOne, for example, has partnered with Maxxwell Motors to develop 3D printed copper windings. SLM Solutions has announced its partnership for advanced depowdering system with Solukon. The SLM Solution will utilize Solukon’s flagship machines to produce different parts for post-processing during additive manufacturing processes.
COVID-19
Due to lower demand from the industry, the COVID-19 pandemic had a negative impact on the market for industrial 3D printing. Industries have suffered significant losses due to the global lockdown by governments in an attempt to stem the spread of this virus. Due to the lockdown, the supply chain was also disrupted, causing delays in delivering orders from the past. The main reason that 3D printing services were not in high demand by businesses was lack of demand. The low rate for return on investment resulted from reduced demand and the halting of operational tasks.
The industry’s potential was also hampered due to a lack of skilled labor and long-term plant shut downs. 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 create 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 industry.
ASSOFOND estimates that in 2020 the production of Italian foundries fell between 20 percent and 30 percent. Between January 2018 and February 2019, April 2020Iron casting production declined by 42 percent in the country, while non-ferrous output fell by 32 percent. The projections for the COVID-19 scenario industrial 3D printing technology market 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 Market, BY Technology
6.1. Introduction
6.2. Stereolithography
6.3. Fused Deposition Modeling
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 MARK, 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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