DUBLIN — (BUSINESS WIRE) — January 27, 2016 — Research and Markets ( http://www.researchandmarkets.com/research/xgxlc7/u_s_3d_printing) has announced the addition of the "U.S. 3D Printing Market Outlook 2020" report to their offering.
The 3D printing industry is anticipated to touch $17.2 billion mark by 2020. Increased government initiatives for small and medium enterprises would further help in increasing exports to international geographies.
While defining the industry by segment, it is seen that printers sector will grow at highest CAGR of 29% through 2015-2015 and is expected to touch $6.48 billion by 2020. Continuous falling prices of 3D printers would increase the installation numbers in households and small offices. In contrast, the maintenance segment will show the slowest growth rate from 2015-2020.
The service and maintenance segment is hoping to expand at a CAGR of 22% to reach $3.46% over the next five years from 2015 to 2020. The reason for the slow growth can be attributed to decrease in 3D printer prices. It is expected that people would prefer buying new printers with advanced technology at a comparatively lower rate rather than getting them fixed for any technical issue.
An expanded demand for 3D printing from aerospace is expected, especially from civil aircrafts and space-crafts. U.S. aerospace industry rose at a CAGR of 3% from 2011 to 2015, under which space craft showed highest growth 7% y-o-y, followed by civil aircrafts at 6% annually.
- 3D Systems
Key Topics Covered:
1. List of Figures
2. List of Tables
3. Executive Summary
4. Research Methodology
5. 3D Printing - An Introduction
6. Global 3D Printing
7. US 3D Printing Industry an Overview
8. US 3D Printing Market Segmentation
9. Opportunities in US 3D printing market
10. Porter's Five Force Model Analysis
11. Industry Growth Drivers
13. Legal challenges
14. Government Initiatives for Small and Medium Businesses
15. Regulating 3D Printing by Various Bodies
16. Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/xgxlc7/u_s_3d_printing
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Sector: 3D Printing