NEW YORK, Oct 12, 2016 (PR Newswire Europe via COMTEX) — NEW YORK, October 12, 2016 /PRNewswire/ —
Technological advancements and high customization potential coupled with growing adoption across various industries to drive the US 3D printing market through 2021
According to a recently published TechSci Research report, “United States 3D Printing Market [https://www.techsciresearch.com/report/us-3d-printing-market-by-printer-type-personal-industrial-by-material-by-process-by-technology-stereolithography-fuse-deposition-modelling-etc-by-software-by-end-use-industry-competition-forecast-opportunities/783.html ] By Component Type, By Technology, By Process Competition Forecast and Opportunities, 2011 – 2021”, the 3D printing market in the United States is anticipated to grow at a CAGR of over 41% during 2016 – 2021. Growing adoption in various industries such as aerospace & defense, automotive, healthcare, education and consumer electronics, among others, is boosting the demand for 3D printers all across the country. Moreover, the US government is providing funds to promote 3D printer technologies in manufacturing and education industries, which, in turn, is contributing significantly to the growth of the country’s 3D printing market.
West region accounted for the lion’s share in the country’s 3D printing market in 2015 due to the presence of the headquarters of defense institutions, law enforcement agencies and military in this region. Laser Sintering is the fastest growing 3D printing technology in the country owing to its various benefits such as high accuracy, tool less production and high heat deflection temperatures. Few of the leading players operating in United States 3D printing market include Stratasys, 3D Systems, EnvisionTEC and ExOne, among others.
Does this mean that the 3D Printing Industry is learning how to sell?