$458.5 Million Worldwide Automated 3D Printing Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 22, 2021--
The “Automated 3D Printing - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Automated 3D Printing estimated at US$458.5 Million in the year 2020, is projected to reach a revised size of US$7.7 Billion by 2027, growing at a CAGR of 49.6% over the analysis period 2020-2027.
Hardware, one of the segments analyzed in the report, is projected to record a 47.2% CAGR and reach US$3.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 52.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $139.3 Million, While China is Forecast to Grow at 47.3% CAGR
The Automated 3D Printing market in the U.S. is estimated at US$139.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2027 trailing a CAGR of 47.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 44.4% and 42% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 33% CAGR.
Services Segment to Record 49% CAGR
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 48.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$69.9 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$952.4 Million by the year 2027.
Select Competitors (Total 34 Featured):
- 3D Systems Corporation
- Additive Industries B.V.
- Additive Manufacturing Technologies Limited
- Autonomous Manufacturing Ltd.
- Carbon, Inc.
- Concept Laser (GE)
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 34
For more information about this report visit https://www.researchandmarkets.com/r/g4qss2
View source version on businesswire.com:https://www.businesswire.com/news/home/20210722005708/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: HARDWARE MANUFACTURING OTHER MANUFACTURING OTHER TECHNOLOGY TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 07/22/2021 10:52 AM/DISC: 07/22/2021 10:52 AM