Rapid Prototyping Market By Material (Thermoplastics, Metals and Alloys, Ceramics, Others), By Technology (Stereolithography (SLA), Selective Laser Sintering (SLS), Digital Light Processing (DLP), Fused Deposition Modeling (FDM), Others), By End User Industry (Aerospace and Defense, Healthcare, Manufacturing and Construction, Consumer Goods and Electronics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The rapid prototyping market size was valued at $2.4 billion in 2021, and is projected to reach $14.9 billion by 2031, registering a CAGR of 20.4%. Rapid prototyping is a quick way of fabrication of a physical part, model, or assembly using 3D computer aided design (CAD). It creates product simulations for testing and validation during the product development process, with multiple iterations generated during a short period on the basis of user feedback and analysis. The creation of the part, model, or assembly is usually completed using additive manufacturing, more commonly known as 3D printing. However, other technologies used for rapid prototyping include high-speed machining, casting, molding, and extruding.
The scope of the report discusses the potential opportunities for the key players to enter the rapid prototyping market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key areas of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.
The rapid prototyping market is segmented on the basis of material, technology, end user industry and region. On the basis of material, it is segmented into thermoplastics, metals & alloys, ceramics, and others. By technology, the market is classified into stereolithography (SLA), selective laser sintering (SLS), digital light processing (DLP), fused deposition modeling (FDM), and others. By end-user industry, the market is categorized into aerospace & defense, healthcare, manufacturing & construction, consumer goods & electronics, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key factors driving the growth of the rapid prototyping market include the rise in demand for customization of products to gain competitive edge and surge in adoption of multiple materials for prototyping. On the other hand, the high costs related to rapid prototyping, alongwith the requirement for skilled professionals acts as a restraint on the market. Meanwhile, the increase in adoption of rapid prototyping in digital manufacturing is an opportunity during the forecast period.
The key players operating in the rapid prototyping market are 3D Systems, Inc., 3DFortify, Inc., Arcam AB (General Electric), Carbon 3D, Desktop Metal, Inc., ExOne Company, Hoganas AB, Markforged, Optomec, Inc. and Stratasys, Ltd. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase their market share in the global rapid prototyping market during the forecast period.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the rapid prototyping market analysis from 2021 to 2031 to identify the prevailing rapid prototyping market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the rapid prototyping market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global rapid prototyping market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy MaterialThermoplastics
Metals and Alloys
Ceramics
Others
By TechnologyStereolithography (SLA)
Selective Laser Sintering (SLS)
Digital Light Processing (DLP)
Fused Deposition Modeling (FDM)
Others
By End User IndustryAerospace and Defense
Healthcare
Manufacturing and Construction
Consumer Goods and Electronics
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Carbon 3D
Hoganas AB
Optomec, Inc.
Markforged
Desktop Metal, Inc.
Stratasys, Ltd.
3D Systems, Inc.
3DFortify, Inc.
ExOne Company
Arcam AB (General Electric)
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