(MENAFN - Market Press) Advancement/ innovation in technologies and market demand in the value chain are accelerating 3D printing businesses in the mainstream arena. 3D printing, also known as Additive Manufacturing, is a process used to build three-dimensional objects from Computer Aided Designs (CAD). 3D printing permits us to build complex designs and shapes using digital (CAD) files. In this method liquid molecules, powder, or granulated material is solidified and structured to produce the desired shape, size, and color.
The market for 3D printing business has been segmented based on industries like automotive, aeronautics, medical, education, consumer goods, fashion designing, art, and architecture. The global market value of 3D printing is expected to reach $49.8 billion by 2024 with a Compound Annual Growth Rate (CAGR) of 23%.The key players involved in the 3D Printing market include HP (US), Proto Labs (Minnesota),3D Systems (US), Stratasys (US), Materialise (Belgium), SLM Solutions Group (Germany), EnvisionTEC (Germany), ExOne (US) and Organovo (US).
The reason 3D printing industry is witnessing a high growth rate is because of the wide scope of applications. Accuracy, precision, time effectiveness and reduction in wastage are other advantages of 3D Printing Technology which are helping this sector to grow.
Our experts have analyzed the industrial scenario and prepared Business Planning Reports on 3D Printing Business [Those reports are Business Feasibility Study Report, Business Modelling Report, Business Plan, and Detailed Project Report]. Our expert's team has studied the market for awareness, demand, and supply of 3D printed objects and wanted to share some helpful information on 3D Printing Business.
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Key questions answered in the report: –
•What is the feasibility of starting a 3D Printing Business?
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•Which are the high growth market segments in the Industry?
•What are the requirements for starting a 3D Printing Business?
•What will be the budget for developing the business?
•What are the market forecasts and estimates from the period 2019-2022?
•What are the major drivers, trends, restrains, threats, and opportunities in the Industry?
•Who are the major players in a 3D Printing Business?
•How to get a loan or raise funds?
All these and many more questions will be answered in these reports with detailed information.
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