Connect with us

Industry Updates

Technology Advances to Drive 3D Printing Market Growth

mm

Published

on

A report by Research and Markets (www.researchandmarkets.com) at the close of 2014 suggests that future market potential for 3D printing technology is almost unlimited. While the short-term market is largely represented by rapid prototyping and highly customized, low-volume products, technology advances, expanding application areas, and government funding will likely spur both supply and demand for 3D printing systems and services.

A report by Research and Markets (www.researchandmarkets.com) at the close of 2014 suggests that future market potential for 3D printing technology is almost unlimited. While the short-term market is largely represented by rapid prototyping and highly customized, low-volume products, technology advances, expanding application areas, and government funding will likely spur both supply and demand for 3D printing systems and services.

Forthcoming advances in 3D printing capability include increased print speeds and reduced restrictions on object size. As the technology becomes more user friendly, the retail, automotive, medical, and aerospace sectors are expected to continue exploring 3D print applications for their respective fields.

According to the report, the US represents the single largest market worldwide with growth driven largely by the availability of low-cost printers and increased adoption among hobbyists and entrepreneurs. An eastern market is expected to emerge as well, however, with the Asia-Pacific region projected to grow at a CAGR of 18 percent.
 

Advertisement

SPONSORED VIDEO

Watch Jay Busselle, Adrienne Palmer, and Jeremy Picker dive deep into DTG printing data, popular styles, and opportunities.

Apparel Decoration Trends for 2021 Part Two

Jay Busselle, marketing director, Equipment Zone, interviews two experts in apparel decoration trends: Adrienne Palmer, editor-in-chief of Screen Printing magazine, and Jeremy Picker, creative director and CEO of AMB3R Creative and Screen Printing Editorial Advisory Board member. Both share their insights on decoration trends, apparel styles, and some powerful data for DTG printing. Plus, Picker gives an exclusive look at his 2021 trend report. This is a follow-up webinar to Equipment Zone’s DTG Training Academy virtual event.

Promoted Headlines

Most Popular