Industrial 3D Printing Market

3D Systems Corporation (US) and Stratasys Ltd. (US) are the Major Players in the Industrial 3D Printing Market

The industrial 3D printing market is witnessing significant growth owing to the increase in demand for industrial 3D printing technology for applications such as tooling, heavy equipment and machinery, and robotics in industries such as automotive, aerospace and defense, healthcare, printed electronics, foundry and forging, jewelry, and food and culinary. The overall industrial 3D printing market is expected to grow at a CAGR of 27.21% between 2018 and 2023. The major players in the industrial 3D printing market include 3D Systems Corporation (US), Stratasys Ltd. (US), EOS GmbH (Germany), Materialise NV (Belgium), The ExOne Company (US), Voxeljet AG (Germany), EnvisionTEC GmbH (Germany), Arcam AB (Sweden), Concept Laser GmbH (Germany), Optomec Inc. (US), SLM Solutions Group AG (Germany), GROUPE GORGÉ (France), Renishaw plc (UK), Koninklijke DSM N.V. (Netherlands), Höganäs AB (Sweden), ARC Group Worldwide, Inc. (US), Markforged, Inc. (US), Cookson Precious Metals Ltd. (UK), and Sculpteo (France).

The major players adopted the strategies of agreements, partnerships, and collaborations; mergers and acquisitions; and product launches and developments to expand their presence in the industrial 3D printing market. For instance, in May 2017, Stratasys Ltd. (US) announced the extension of its partnership agreement with Desktop Metal (US) to increase accessibility and adoption rate of metal 3D printing. Stratasys also entered into a 3-year partnership agreement with Boom Supersonic in June 2017. Boom Supersonic is a US-based aerospace company, and with this agreement, Stratasys is expected to offer advanced tooling and production-grade aircraft parts to its customers, which are based on the FDM 3D printing technology of Stratasys.

3D printers offered by Stratasys are marketed under the Idea Series, Design Series, Production Series, and Dental Series. Stratasys Ltd. provides 3D printing solutions for various industries such as automotive, aerospace and defense, industrial, recreational, electronic, medical, and consumer goods. The company prominently focuses on product launches and developments; and partnerships, collaborations, and agreements with other companies to lead the competition in the global industrial 3D printing market. For instance, in November 2017, Stratasys launched BioMimics-3D printed replicas of complex anatomical structures meant for the healthcare industry; the company also collaborated with e-Xstream engineering (Luxembourg) for accessing its process modeling and structural analysis numerical tools and integrate those with Stratasys additive manufacturing solutions.

3D Systems (US) operates through one business segment, and its 3D printing offerings comprise products, materials, and related services. The company provides a comprehensive range of 3D printers, software support, haptic devices, scanners, and virtual surgical simulators. These offerings of the company are used across a wide range of industries such as aerospace and defense, architecture, art and entertainment, automotive, culinary, education, energy, healthcare, hobbyist, and jewelry. As part of its integrated solutions approach, the company also offers 3D printing consumables such as plastic, nylon, metal, and composite materials under several brand names including Accura, DuraForm, CastForm, LaserForm, and VisiJet. In 2017, 3D Systems introduced various products and solutions pertaining to the industrial 3D printing market. These launches include Figure 4 platform with a high-speed digital molding process; DMP 8500 Factory Solution, ProX SLS 6100, ProJet MJP 5600, ProJet MJP 2500W, and VisiJet M2 CAST RealWax material; and expansion of VSP service for the healthcare industry. Also, in 2017, the company expanded the reach of its e-commerce platform of on-demand manufacturing services to Europe, the Middle East, and Africa (EMEA).

Related Reports:

Industrial 3D Printing Market by Offering (Printers, Materials, Services, Software), Application (Tooling, Heavy Equipment & Machinery, Robotics), Process, Technology, Industry (Aerospace & Defense, Automotive), and Geography - Global Forecast to 2023

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Report Code
SE 4293
Published ON
Mar, 2018
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