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The GMI Research anticipates that the 3D Printing Market will undergo a surge in demand over the forecast period. This is because of their use to generate everything ranging from a simple part to highly technical final products such as airplane parts, life-saving medical implants.
Introduction of the 3D Printing Market
3D printing means constructing a three-dimensional object with the usage of a CAD or digital 3D model. In short, this process draws physical objects from a three-dimensional digital model by accumulating layers of materials. The technology helps in creating everything, starting from an uncomplicated part to final technical products such as life-saving medical implants and airplane parts.
Key Players of Market:
- Kellogg Company
- PepsiCo Inc.
- Bagrrys India Ltd.
- Attune Foods LLC
- McKee Foods Corporation
- General Mills
- Nestle S.A
- Marico Limited
- B&G Foods Inc.
- Alara Whole Foods Ltd.
3D Printing Market Dynamics
The reduction in production cost as well as the operational downtime, augmenting demand of exclusive goods, and the exacerbated investment y government of various nations in these projects have intensified the demand of the global 3D printing market size. Also, the increasing inclination towards the production of operation parts from prototyping across different industrial verticals such as aerospace, consumer goods, automotive, and medical is paving the way for market growth. Besides this, the potential of technology to enable manufacturers to provide personalized products depending upon the demand of consumers with enhanced precision and well-defined glossiness is another factor stimulating the 3D Printing Market Size.
Furthermore, the accelerating number of research and development activities and the growing adoption of the technology for product designing and advantages like real-time approach and risk minimization are promoting market growth. Thus, the amalgamation of all these factors is likely to contribute to market growth. On the other hand, according to the 3D Printing Market report the prevailing misbelief about the prototyping process by small and medium scale producers will curb the market growth.
Technology Segment Drivers
Based on the technology, the direct metal laser sintering is anticipated to fuel at a higher rate over the coming years. This is attributed to the rising implementation of this technology for tooling and producing fixtures and jigs. Also, it permits the fabrication of superior quality metal parts owing to its ability to construction of difficulties in geometries of metals. Further, the DMLS is extensively employed to manufacture complicated structures such as aerospace and automotive for decorative and machinery parts. Thus, as per the global 3d printing market forecast this low-cost production, fast and convenient handling process, and complicated undertaking are strengthening the market growth.
Application Segment Drivers
Based on the application, prototyping is predicted to enlarge at a significant rate over the forecast period. This is because of its intensified usage across various industries. Also, the 3D printing assembles prototypes from 3D computer-aided designs helping the organizations in reducing wastages and curbing functional expenses, which stimulates the market growth. It also allows fast manufacturing of cost-effective prototypes depending upon customers’ demand.
3D Printing Market Segmentation:
Segmentation by Product
- Hot Cereal
- Ready to Eat Cereal
Segmentation by Distribution Channel
- Supermarket
- Convenience Stores
- E-Commerce
- Others
Segmentation by Region:
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
About GMI Research
The market research and consulting enterprise imparts business perception and research reports to support clients in formulating strategic norms and attain a feasible growth in the market domain. The large team of GMI Organisation experts offer a comprehensive solution for the client. The market research reports include a complete analysis, which includes sophisticated prediction, competitive landscape, crucial factors impacting the market growth, and other perceptions to assist companies in making intended decisions.
