On the basis of printer, 3D printing market is categorized into industrial printers and desktop 3D printers. Among all these segments, desktop 3D printers are anticipated to witness fastest growth during the forecast period helps in developing new and innovative products for the customers along with providing customized products to the users.

These factors are thereby pertaining towards the growth of the 3D printing market across the globe at an extensive rate.

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The 3D printing market is also segmented on the basis of material type into metals, wax, plastics, laywood, ceramics, paper and bio-compatible material. Among all these segments plastic contributed largest revenue to the market since plastic is the most common and crucial material used in 3D printing.

Increasing demand for latest technology among various business enterprises to develop more affordable and accessible alternatives in small and medium enterprises is the key trend observed in the growth of 3D printing market globally.

Increasing investments undertaken by government authorities towards 3D printing projects, increasing trend of developing customized products for the customers and reduced manufacturing cost are the key factors driving the growth of the 3D printing market.

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Some of the major players in the 3D printing market include Materialise NV, Stratasys Ltd., 3D Systems Corporation, Envisiontec GmbH, The Exone Company, Sciaky Inc., Voxeljet AG, SLM Solutions Group AG., Proto Labs, Arcam Group and Mcor Technologies Ltd.

Source: VynZ Research