Market Research on Europe 3D printing Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
Report on Europe 3D printing Market – Industry Analysis, Forecasts and Opportunity Assessment (2016-2023)
The Europe 3D printing market is forecasted to flourish with a CAGR of 25.89% for the period of 2017-2025. The revenue generated by this market is also predicted to increase from $1993 million in 2016 and reach $15682 million by the end of 2025. The European 3D printing market is the second fastest growing market in the world. The market growth is supported by the various initiatives and spending by the European government. Also, the fact that 3D printing offers customized and improved products and provides increased efficiency is significantly contributing to market expansion. The increasing number of start-ups in European countries of France, Netherlands, and Germany are widening the scope of this market in the European region.
The European Parliament has formed a resolution on 3D printing that experts warn could stagnant innovation and lead to increased regulation. In the new resolution, the benefits of 3D printing, it’s potential and advances on the horizon are marked, however, a key section notes that a potentially surprising factor is holding back further progress and the widespread adoption – a lack of sufficient regulations.
However, it is the aerospace and health care sectors, where regulating the use of 3D printers will help increase the use of technologies and offer opportunities for research and development.Eos GmbH, Envisiontec GmbH, Concept Laser GmbH, Proto Labs Inc, Stratasys Ltd, 3D Systems Corporation, Optomec Inc, Koninklijke DSM N.V, Arcam Group and Materialise NV are few of the companies that are dominating the market.
World demand of 3D printing Is going to rise 21% annually through 2017. North America and Europe will lead the market through 2023. Artificial Intelligence will save 50% of enterprise 3D printing costs. Global 3D Printing market is anticipated to approach US$33 billion by 2023. The industrial 3D printer segment will be the largest segment through 2023. Embedded Artificial Intelligence software will be a $920 million market opportunity by 2023 for 3D printing.
In a report titled “3D printing: a threat to global trade,” ING predicts that printing goods can cut trade between countries by 40% all over the world. But as of now, the technology is not economically available to produce to that extent. Experts expect a share of 50% of 3D printing in manufacturing over the next two decades. For example: Porsche identified 52,000 parts which are difficult to manufacture and now working towards using 3D printing to make those.
A market of 3D printing can be segmented on the basis of geography and the industrial sector in which the design of the products is complex and demand is more. The below picture shows you the top countries in the world associated with 3D printing.
In this case the key players are the countries leading in the usage of 3D printing products and the industries mentioned above which are hugely investing in this technology.
The report contains a comprehensive analysis on:
- Europe 3D printing Market
- Europe 3D printing MarketDrivers, Restraints and Opportunities
- Supply & Demand Value Chain
- Europe 3D printing MarketCurrent Trends
- Competition & Major Companies
- Technology and R&D Status
- Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Europe 3D PrintingMarket includes:
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- In-depth Market Segmentation
- Historical and Projected Market Sizing in terms of volume and value
- Recent market trends and Impact Factors
- R&D Status and Technology Overview
- Extensive Industry Structure Coverage