PUNE, INDIA – The 3D printing market is expected to grow from $9.9 billion in 2018 to $42.9 billion by 2025, an estimated CAGR of 23.3% during 2019–2025.
Increasing adoption of 3D printing in different verticals and development of new industrial-grade 3D printing materials are key factors fueling the growth of this market, says MarketsandMarkets.
The leading position of the market for service can be attributed to its increasing demand for custom design and manufacturing, as well as for desktop or personal printers from education and consumer industries.
The 3D printing market in APAC is expected to grow at the highest CAGR during the forecast period. The region’s huge population, government initiatives, increase in research and development, and extensive industrial base are the major factors that make APAC a dynamic region for 3D printing, with Japan and China being the major contributors.