Automated 3D Printing Market is Expected to Reach USD 8,970.67 Million by 2025
Fior published a report on its website that studies the 3D printing market, highlights the shift from 3D printing to automated 3D printing and attempts to give a forecast of its worth by 2025.
According to Fior Markets, the global automated 3D printing market is expected to grow from USD 220.56 million in 2017 to USD 8,970.67 million by 2025 at a CAGR of 58.91% during the forecast period 2018-2025. Big numbers!
Analysis of the global market is on the basis of value (USD Million). Analysis of all the segments has been done on a global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.
It includes the supply of materials, post-processing, the machine, and the robotics or electronic systems that connect each machine.
The report bases its conclusions on the projection that the majority of industrial 3D printers will incorporate automation in the upcoming few years. This will reduce the need for skilled operators to supervise them hence help cut costs, rapid prototypes and add value to stakeholders.
Therefore, it will become an important source of revenue for the additive manufacturing industry in the next decade.
The automated 3D printing market involves the use of robots to automate the process of 3D printing. These robots are easy to program and can perform the task with great efficiency. Furthermore, the shift from industrial 3D printers to automated 3D printing will increase revenue generation drastically.
However, the one hindrance to growth over the forecast period the report brings up is the high cost of materials, lack of standardization in processes, and scarcity of resources.
Key players operating in the global market include EOS GmbH, SLM Solutions, Renishaw, Concept Laser, Coobx , Authentise , Stratasys, ExOne, 3D Systems, Materialise, Universal Robot, Formlabs , NVBOTS , PostProcess Technologies, and DWS System among others.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North America region dominated the global automated 3D printing market with USD 84.47 Million in 2017.
This is mainly due to the presence of the well-established 3D printing solution providers in this region which enhances the implementation of automation technologies in the 3D printing systems thereby increasing effectiveness. Asia Pacific region is growing rapidly in the 3D automated printing market.