Report Ocean published a new survey report on the 3D Printing market. The research offers crucial details about growth plans, business opportunities, trends, innovations, the competitive environment in 2021, and a geographical outlook that takes into account North America, Europe, the Asia-Pacific region, Latin America, the Middle East, and Africa.

The global 3D printing market size was US$ 16.13 billion in 2021. The global 3D printing market size is forecast to reach US$ 95.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 22.2% during the forecast period from 2022 to 2030.

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3D printing is a computer-assisted process that fuses liquid molecules or powders to print or create 3D objects on specific media (paper, fibers, etc.). Additive manufacturing is often used interchangeably with 3D printing. 3D printing helps you create prototypes and models from 3D CAD (CAD). Complex designs and geometric shapes are easy to create using 3D printing and layered modeling. Materials used in 3D printing include different types of polymers, ceramics, and metals. 3D printing provides a way to clarify the creation of complex designs. It is a faster, more time-consuming, more innovative, and more agile way of product development and production.

The comprehensive analyses of the most recent trends, growth prospects, and market growth drivers are offered to readers of the global market research reports. The COVID-19 effects on the 3D Printing market are also discussed in detail in the research, along with the market’s predicted compound annual growth rate (CAGR) from 2022 to 2030.

The research also provides a market analysis using various analytical techniques, including Porter’s Five Forces Analysis and PESTEL Analysis. These tools provide an in-depth analysis of the micro- and macro-environmental elements that influence the market’s expansion during the forecast period.

The outbreak of COVID-19 has impacted the growth of the 3D printing market. As a result of a significant effect on prominent companies operating in the 3D printing supply chain. However, the upward push in the penetration of 3D printing in the healthcare sector throughout COVID-19 has boosted the global market. On the contrary, the market outlook declined by numerous barriers created amid the COVID-19 pandemic, including a lack of professional workers and postponed or cancelation of tasks because of partial or full lockdown globally.

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North America accounted for the major share of the 3D printing market. As a result of the existence of leading companies in the region. The launch of many new products, product innovations, and developments, are factors boosting the market growth in the region. Several 3D printing solution providers worldwide are expanding their presence in the North American market to increase their market exposure. In addition, increasing demand for 3D printing solutions in the healthcare sector is forecast to drive the growth of the 3D printing market.

The leading prominent companies profiled in the global 3D printing market are:

The global 3D printing market segmentation focuses on Technology, Application, and Region.

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