PUNE, India, Jan. 18, 2016 /PRNewswire-iReach/ -- Demand for 3D printers is increasing drastically across various sectors because 3D printers are associated with benefits such as increased efficiency, reduced time-to-market, and cost-saving attributes. The analysts forecast the global 3D printer market to grow at a CAGR of 41.5% during the period 2016-2020.
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Complete report on 3D printer market spread across 56 pages, analyzing 4 major companies and providing 26 data exhibits is now available at http://www.reportsnreports.com/reports/458695-global-3d-printer-market-2016-2020.html.
The reduction in the price of 3D printers is making them more accessible to small entrepreneurs and consumers who were previously unable to afford this expensive technology. Access to 3D printing has sparked innovation and creativity, enabling the creation of customized items ranging from toys to artificial limbs. This new technology has enabled entrepreneurs to bypass other expensive manufacturing processes and take a product idea directly to the 3D printer market.
3D printing, also known as AM, uses CAD to create an object. It is a process of making 3D objects using plastic, metal, and composite materials, usually layer upon layer, to build physical models, prototypes, patterns, tooling components, and production parts. Order a copy of Global 3D Printer Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=458695
Basically, in 3D printing, the first step is to make a virtual design of the desired object, and this virtual design is made in a CAD file by using a 3D scanner or by using a 3D modeling program. The next step, after getting the 3D file, is to print it; the 3D modeling software in the 3D printer will "slice" the design into numerous layers, and uses the material to create the object layer by layer.
Covered in this report
This report covers the present scenario and the growth prospects of the global 3D printer market for the period 2015-2020. To calculate the market size, This report covers the shipment of 3D printers worldwide to the OEMs operating in the following key customer segments: Automotive, Consumer products (including home dcor, and jewelry), Healthcare, Aerospace and military and Others (including industrial, education and research, and architecture)
The report, Global 3D Printer Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key players in the Global 3D Printer Market: 3D Systems, EnvisionTEC, ExOne and Stratasys
Other Prominent Vendors in the market are: EOS, Matsuura Machinery, Mitsubishi, Shaanxi Hengtong Intelligent Machine, Ultimaker, Voxeljet, and Wuhan Binhu Mechanical & Electrical.
Further, the report states that one of the key issues in the global 3D printer market is the protection of intellectual property rights.
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