It is
noted that, the enterprise 3D Printing
Market is very different from the Consumer Market. Though it's true that
there are some similarities between them as organizations, the two markets are
driven by different uses and requirements. The Consumer 3D Printing is a sub segment of the conventional 3D Printing Market. They are
differentiated by a thin line. 3D printers are generally used in industries,
but entry level printers which can produce products of relatively smaller
volumes are currently available for purchase by households, hobbyists, educational institutions as these printers come at
a very low cost.
Table of
contents and insights:
According
to Gartner, 3D printing is not one
technology but seven different ones. "Hype around home use obfuscates the
reality that 3D printing involves a complex ecosystem of software, hardware and
materials whose use is not as simple to use as 'hitting print' on a paper
printer". The seven different technologies each have pros and cons, and
printers work with varying build sizes and materials. This means organizations
must begin with the end products in mind: "First, determine the material,
performance and quality requirements of the finished items first; second,
determine the best 3D printing
technology; and third, select the right 3D printer."
Market
Growth Estimations:
Research suggests that the Medical and
Business Applications across the world will have the biggest impact on the Consumer 3D Printing Market in the next
two to five years. The Consumer 3D Printing
Market is determined to grow at a very fast pace with 45% CAGR
for next five years. The pullulating market is supported by strong demand from
the consumers. This market is estimated to reach $1.2 Billion by 2020
according to expert studies.
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Many
companies are bringing newer designs to attract consumers. Startups based on 3D printers for consumer products are also
growing at a huge pace in North
America and Europe. 3D printing
in healthcare market has also gained much prominence in the recent years
due to the increasing number of applications in the medical and dental
surgeries along with the developments in tissue engineering.
Highest
growth in this market is being primarily seen in the US currently but both APAC
and the European markets will contribute significant revenues in 2 years’ time
as distribution channels and local manufacturing plants proliferate in these
regions.
Driving
Factor:
3D
printing and its uses, continue to evolve rapidly in response to hype,
greater visibility and, more importantly, demand. Naturally, some technologies
are maturing faster than others and will be widely available in just a few
years. In fact, some are already in general use. An example is 3D printing for prototyping, which has
been the mainstay of the 3D printing
industry since its inception.
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Report
Scope:
The Consumer 3D Printing Market is segmented based on various factors
like:
- Price Ranges: Less than $500, $500-$1000, $1000-$2000 and Greater than $2000
- Materials used: plastics, metals, ceramics and form.
- Ancillary market: Software Providers Analysis, 3D Scanners Market Analysis and Printing Service Providers Analysis
- End users: Homes, Educational Institutions, Small and Medium Businesses, Architects and Designers, Service Providers and Others.
- Lastly, geography: Americas, Europe, APAC and RoW.
Notable
Players of the Market:
The companies are studied according to
the aspects: Overview, Financials, SWOT Analysis, Developments and Product
Portfolio.
Makerbot is considered as the pioneer
of this market which was followed by other companies like Solidoodle, Ultimake
etc. These companies take up and improve on the specifications from the open
source models in the RepRap community. Some other Companies that are mentioned
in the report:
- Biomedical Modeling Inc
- Carima
- Concept Laser GmbH
- EOS GmbH Electro Optical Systems
- ExOne GmbH
- Envisiontec
- Evonik
- Mcor Technologies Ltd
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