3D-printed Composite Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Global 3D-printed Composite Materials Market: Overview
3D printing is generally known as additive manufacturing. This is a process for making a solid object from a 3D digital model. Recently, developers found ways to use composite materials including carbon fiber and fiberglass. This improve the durability and structure of 3D-printed products.
The recent report on the 3D-printed composite materials market serves the key players, investors, and new entrants by offering existing trends and future opportunities. It is based on the recent data for tracing growth prospects and some key threats. The report proposes information on market competitiveness of the 3D-printed composite materials market in the report. It examines the revenue share, status, growth rate, market drivers, opportunities, future trends, and challenges in the 3D-printed composite materials market.
Global 3D-printed Composite Materials Market: Novel Development
Some of the key players in the global 3D-printed composite materials market are 3D Systems, Inc., Markforged, Inc., Materialise, Solvay, and Stratasys Ltd.
These companies are adopting the numerous other organic and inorganic growth strategies in order to strengthen their position in the global 3D-printed composite materials market. Higher investment and enhancing production capacity are the key growth strategies, which are adopted by the key players to expand their global presence. Additionally, these all factors are leading to cater demand for 3D-printed composite materials mainly from the emerging economies.
Here are some of the notable developments in recent years that are benefitting the growth of the market:
Global 3D-printed Composite Materials Market: Key Trends
The rising demand for 3D-printed composite materials from the aerospace sector is one of the key factor driving the growth of the 3D-printed composite materials market. Manufacturer of aircraft engine broadly prefers 3D-printed composite materials to alloy-based counterparts and metal to manufacture high-pressure turbines. These high-pressure turbines have high-temperature resistance and low weight. Additionally, in order to have high wear resistance, the 3D-printed composite materials are fuelling the growth of the energy efficient engine coupled with lowering emissions by minimizing fuel burn.
In addition, the use of 3D-printing technology has cost-effective approach as it generates less waste, and reduces the weight of end-product is driving the growth of the global 3D-printed composites materials market. Further, low raw material requirement and growing popularity of 3D-printing across the sectors such as the aerospace sector is propelling the growth of the global 3D-printed composite materials market.
Moreover, with the growing sale of personal cars and automobiles globally, the demand for these materials to be used across the production of seating applications, door modules, automotive door panels, interior headliners, and pick up boxes is expected to increase globally. Thus, the global 3D-printed composite materials market is expected to witness the fastest growth in the coming years.
Global 3D-printed Composite Materials Market: Regional Outlook
Regionally, the 3D-printed composite materials market could be segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Of these, North America is expected to be dominant in the 3D-printed composite materials market in terms of revenue, demand, and consumption by the end of the forecast period. This growth of the region is attributable to the increasing investments by governments in the 3D-printed composite materials market in the region.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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