Home Industry Industrial 3D Printing Market to Grow at 19.3% Annually

Industrial 3D Printing Market to Grow at 19.3% Annually

ResearchAndMarkets, a market research firm, has published the report “Industrial 3D Printing Market – Forecasts from 2022 to 2027”. In this, the growth of the 3D printing market is analyzed. According to the analysis, the increasing advances in technologies such as artificial intelligence, the Internet of Things, and machine learning are having a positive impact on the 3D printing market. 

One of the prime reasons supporting the growth of the market is the growing technological advancements such as artificial intelligence, the Internet of Things, and machine learning. These technologies enable automated printing for efficient production. For instance, Additive Manufacturing Technologies – which is a UK-based company, launched its new Digital Manufacturing Systems.

The system uses the company’s proprietary technology to provide a digital and automated solution for the manufacturing workflow. ExOne announced the introduction of an Industrial-Grade 3D Printed Tooling Solution lineup. It offers the world’s broadest portfolio of 3D printed tooling solutions. Moreover, the growing investments in research and development of 3D printing will have a positive impact on the market growth. For instance, the Dutch government has invested around USD 150 million in 3D printing-related research and innovation.

Additionally, a series of new product launches, mergers and acquisitions, and partnerships between the key players are projected to further drive the market growth during the forecast period. For instance, ExOne has entered into a collaboration with Maxxwell Motors for the development of 3D printed copper windings. SLM Solutions announced its partnership with Solukon for advanced depowdering systems. Under this partnership, the SLM solution will use Solukon’s flagship machines for different post-processing parts produced in the additive manufacturing processes.

The full report can be found here.

Find out more about Research and Markets at researchandmarkets.com.

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