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Market Leadership- Industrial 3D Printing Market
The market for industrial 3D printing is witnessing significant growth owing to the increase in demand for industrial 3D printing technology for applications such as tooling, heavy equipment & machinery, and robotics in industries such as automotive, aerospace & defense, healthcare, electrical/electronics, foundry & forging, jewelry, and food & beverage. The major players in the industrial 3D printing market include 3D Systems Corporation (U.S.), Stratasys Ltd. (U.S. & Israel), the ExOne Company (U.S.), Voxeljet AG (Germany), Arcam Group (Sweden), SLM Solutions Group AG (Germany), EOS GmbH (Germany), EnvisionTEC GmbH (Germany), Materialise NV (Belgium), Sciaky Inc. (U.S.), Concept Laser GmbH (Germany), Hoganas AB (Sweden), Renishaw plc. (U.K.), Oxford Performance Materials Inc. (U.S.). and Sculpteo (France).
The industrial 3D printing market is dominated by players in the U.S. and Europe. The key strategies implemented by most companies in the industrial 3D printing market include new product launches, mergers & acquisitions, partnerships, collaborations, agreements, and joint ventures among others. New product development was the key strategy adopted by players to increase their share in the industrial 3D printing market.
Stratasys Ltd. (U.S. & Israel) is one of the leading providers of 3D printing and additive manufacturing solutions for rapid prototyping and direct digital manufacturing. Stratasys Ltd. has one operating segment that provides 3D printers, related materials, and printing solutions to various industries. In February 2015, Stratasys Ltd. merged Solid Concepts (U.S.) and Harvest Technologies (U.S.) with and RedEye (U.S.) to form the Stratasys Direct Manufacturing division. The company also focuses on the expansion of its Stratasys Direct Manufacturing (SDM) services. It plans to expand its services into other regions to expand its SDM platform where it can serve customers and create awareness about rapid prototyping and direct digital manufacturing. In April 2016, Stratasys Direct Manufacturing partnered with DSMís Somos (Netherlands) to accelerate stereolithography material development and thus position itself as a market leader in SL technology.
3D Systems Corporation (U.S.) designs, manufactures, and markets three-dimensional (3D) printing-centric solutions. The multiple-industry presence of 3D Systems Corporation in industries such as aerospace & defense, automotive, healthcare, and manufacturing reflects its broad product applications and capabilities and image as a diversified company. With its technical advantage, it can tap the regions unexplored to expand its business globally. In 2014, the company expanded its Quickparts service capabilities, expertise, and global footprint through strategic acquisitions within the U.S. and Latin America. The acquisition of botObjects (New York, U.S.) helped the company expand its product portfolio of printers that are capable of printing in full color. The acquisition of Cimatron Limited (Israel) helped it penetrate more into the software portfolio. The acquisition of Robtec (Sao Paulo, Brazil) provided expanded coverage in the Latin American region.
Industrial 3D Printing Market (3D Manufacturing) by Process, Technology (SLA, FDM, SLS, DMLS, EBM, LMD, PJP, DLP, LOM, Inkjet Printing), Software, Service, Application, End-User Industry and Geography - Global Forecast to 2022
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