Automated 3D Printing Market

Market Leadership - Automated 3D Printing Market

The automated 3D printing market is projected to reach USD 1,793 million by 2023 from USD 196 million by 2018, at a CAGR of 55.65% during the forecast period. The increased focus on efficiency and cost of production, growth in adoption of robotics for industrial automation, and growing need to automate post-processing are the major factors driving the market growth.

Key players in the automated 3D printing market include Stratasys (Israel), ExOne(US), 3D Systems (US), Materialise (Belgium), Universal Robot (Denmark), Formlabs (US), EOS GmbH (Germany), SLM Solutions (Germany), Concept Laser (Germany), Coobx (Liechtenstein), Authentise (US), Renishaw (UK), NVBOTS (US), PostProcess Technologies (US), and DWS System (Italy). These players mainly adopt strategies such as product launch and partnership to enhance their business and product line, which helps them grow at a higher pace in the automated 3D printing market in the long run.

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Top 2 players in the automated 3D printing market:

Stratasys is one of the major multidisciplinary 3D technological leadership companies, and it relishes the advantage of its proprietary 3D printing technologies, including FDM and inkjet-based PolyJet printing. The company has a competitive advantage over the other market players as it holds more than 1,200 granted patents or pending patent applications worldwide. Its competitive edge can also be attributed to the extensive efforts invested in R&D; its R&D expense in 2017 was 14.4% of the total revenue generation. In May 2017, the company developed a product “Build 3D Demonstrator”, this signifies the long-term vision of the company to make additive manufacturing a viable solution for high-volume production. The company has also been emphasizing on partnering with end users, e.g., Boeing and Ford, to explore future applications and build systems for large-scale manufacturing.

SLM Solutions is focused on the development, production, and distribution of its SLM systems. The company mainly focuses on adopting inorganic strategies to expand its business. Among all, expansion has been one of the major strategies adopted by SLM Solutions in recent years. In November 2015, SLM Solutions Group AG expanded its business by opening a new office in Shanghai, China, to remain functional in the Chinese market. The company transformed its 3,000 ft2 office located in Novi, Michigan, to an up-to-date 7,170 ft2 office and showroom. It has been increasingly investing in R&D as it is focused on 40 different projects targeting materials research, build chamber expansion, build rate improvement, etc. The company has been working with Nanyang Technical University (NTU) in a cooperation venture since September 2014 on fundamental research in industrial technology.

Related Reports:

Automated 3D Printing Market by Offering (Hardware, Software, and Services), Process (Material Handling, Automated Production, Part Handling, Post-Processing, and Multiprocessing), End User (Aerospace & Defense, Healthcare), and Geography - Global Forecast to 2023

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Report Code
SE 6735
RI Published ON
11/5/2018
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